Matteo M Pelagatti Author of Evaluating Organization Development

Matteo M Pelagatti

Professor of Economic Statistics
Università degli Studi di Milano-Bicocca

I am professor of Economic Statistics at the University of Milan-Bicocca and hold a PhD in Statistics obtained from the University of Milan in 2002. During my PhD I spent 8 months at the Institute of Statistics and Econometrics of the University of Berlin, where I wrote part of my dissertation. I am also a consultant and a trainer for statistical modelling and forecasting for several companies. In particular, I collaborate with SAS and SPSS (Italian branches) since the early 2000's.

Subjects: Statistics


    PhD in Statistics, Univeristy of Milan, 2002

Areas of Research / Professional Expertise

    Time Series Analysis, Electricity Markets, Robust Statistics, Financial Econometrics, Business Cycle Analysis, Statistical Software, Indexes Numbers, Relations Between Poker Ability and Executive Functions.

Personal Interests

    Playing guitar and alto sax.
    Visiting cities and historical sites.



Featured Title
 Featured Title - Time Series Modelling with Unobserved Components - 1st Edition book cover


The Energy Journal

The Impact of RES in the Italian Day–Ahead and Balancing Markets

Published: May 24, 2016 by The Energy Journal
Authors: Angelica Gianfreda, Lucia Parisio, Matteo Pelagatti
Subjects: Energy & Clean Technology

We empirically investigate the effect of RES generation on the Italian spot and regulation prices by examining price dynamics from 2012 to 2014 in day-ahead, intra-daily and balancing market sessions. We model the relationships among spot, adjustment and regulation prices and provide empirical evidence that the intra-daily sessions are well-functioning and low-cost market tools to ease the introduction of a high share of RES.

Energy Policy 94

Revisiting long-run relations in power markets with high RES penetration

Published: Feb 08, 2016 by Energy Policy 94
Authors: Angelica Gianfreda, Lucia Parisio, Matteo Pelagatti
Subjects: Energy & Clean Technology

We show that the electricity–fuel nexus found over 2006–2008 changed dramatically over 2010–2014 for the majority of countries considered. In particular, the long-run dependence of electricity from gas and coal prices is much lower in recent years. Furthermore, our results confirm that the considered EU countries are becoming less integrated as RES-E increases.

The Energy Journal 37(1)

Price Coordination in Vertically Integrated Electricity Markets

Published: Jan 01, 2016 by The Energy Journal 37(1)
Authors: Bosco, B. and Parisio, L. and Pelagatti, M.
Subjects: Engineering - Electrical, Statistics

We analyse vertical integration between generators and retailers in electricitymarkets and we discuss the implications for price decisions of the presence of a symmetric (cost) information in a simple P-A framework. We analyze a situationin which generators post supply bids taking into account the profit of the entire vertically integrated group they belong to. We then discuss the way in which the degree of vertical integration affects this bidding strategy.

Human Relations 68(3)

Internal and external equity in compensation systems, organizational absenteeism

Published: Mar 15, 2015 by Human Relations 68(3)
Authors: della Torre, E. and Pelagatti, M. and Solari, L.
Subjects: Business & Management, Statistics

We investigate how the design of compensation systems influences workers’ behaviours at the organizational level by building upon the consequences of equity theory at the individual level.

Journal of Banking & Finance 50

The Importance of Being Systemically Important Financial Institutions

Published: Jan 15, 2015 by Journal of Banking & Finance 50
Authors: Bongini, P. and Nieri, L. and Pelagatti, M.
Subjects: Business & Management, Statistics

We investigate whether financial markets reacted to the regulatory changes implied by the publication of the list of systemically important financial institutions (SIFI) and the new rules designed to address the too-big-to-fail problem of systemic banks.

Journal of Applied Econometrics 30(6)

On the empirical failure of purchasing power parity tests

Published: Sep 19, 2014 by Journal of Applied Econometrics 30(6)
Authors: Pelagatti, M.M. and Colombo, E.
Subjects: Statistics

Empirical research on the validity of the purchasing power parity (PPP) condition is generally based on real exchange rates built using the consumer price index (CPI), but fails to provide clear support to PPP. In this paper we show theoretically that, even if the law of one price (LOP) holds for traded goods, CPI-based real exchange rates are not mean-reverting, and are neither stationary nor integrated. Our theoretical results are validated both by simulations and an empirical application.

Energy Policy 54

Price-capping in partially monopolistic electricity markets with an application

Published: Mar 15, 2013 by Energy Policy 54
Authors: Bosco, B. and Parisio, L. and Pelagatti, M.
Subjects: Statistics

In this article we show that these market conditions may imply the non-concavity in prices of the pivotal supply function, which in turn means that there can be situations in which a pivotal operator's supply has virtually no price limits. We also show that this monopolistic market power can be significantly reduced by vertical integration and/or regulatory policies such as virtual power plants. We examine the existing price-cap and propose an alternative mechanism.

Journal of Econometrics 172(1)

Rank tests for short memory stationarity

Published: Jan 15, 2013 by Journal of Econometrics 172(1)
Authors: Pelagatti, M. and Sen, P.K.
Subjects: Statistics

We propose a rank-test of the null hypothesis of short memory stationarity possibly after linear detrending. For the level-stationarity hypothesis, the test statistic we propose is a modified version of the popular KPSS statistic, in which ranks substitute the original observations.

Energy Economics 34(6)

Strategic bidding in vertically integrated power markets with an application

Published: Nov 15, 2012 by Energy Economics 34(6)
Authors: Bosco, B. and Parisio, L. and Pelagatti, M.
Subjects: Statistics

In this paper we apply a model of optimal bidding behaviour to the Italian wholesale electricity market under three hypotheses: i) costs of generation are private knowledge, ii) firms can be vertically integrated, and iii) firms can sell part of their production in advance with bilateral contracts. We first use optimal bid functions and market data to retrieve time-varying marginal cost functions, price-cost margins and Lerner Indexes of market power for a sample of Italian companies.

Electronic Journal of Applied Statistical Analysis 5(3)

Inconsistencies of the PLS-PM approach to structural equation models with [...]

Published: Jun 15, 2012 by Electronic Journal of Applied Statistical Analysis 5(3)
Authors: Fattore, M. and Pelagatti, M. and Vittadini, G.
Subjects: Statistics

The aim of the paper is to show evidence of possible inconsistencies of PLS-PM as a statistical tool to estimate structural equation models with formative-reflective schemes. We pursue this goal, discussing a real-data example where PLS-PM fails to identify existing causal links between the variables concerned. We also suggest a possible formal interpretation of this fact, focusing on the way PLS-PM represents the link between reflective latent variables and their indicators.