"Every day we are reminded of the need for a strengthened United Nations, as we face a growing array of new challenges, including humanitarian crises, human rights violations, armed conflicts and important health and environmental concerns. Seldom has the United Nations been called upon to do so much for so many. I am determined to breathe new life and inject renewed confidence into a strengthened United Nations firmly anchored in the twenty-first century, and which is effective, efficient, coherent and accountable."
(Secretary-General Ban Ki-moon)
A Glocal Reform of the United Nations: a New Concept of Governance
Research Team results presentation: Maria Ludovica Murazzani (Luiss University Rome)
Team members: Benedicte Perez, Daniela Diamanti (Tor Vergata University, Rome); Ludovica Murazzani, Mario De Benedetti, (Luiss University, Rome).
In coming together to discuss ideas large and small, we are required to examine rigorously our own ideas, those of others, and about the world around us. No political perspective, no academic discipline has all the answers. In some cases we have realised that we struggled to identify the right questions. It is only by having these kinds of conversations that we have any hope of understanding our challenges, their possible solutions, and ultimately each other. This does not mean we will always agree. But is relevant if a large measure of agreement about all the participants will prevail on the major challenges, even if sometimes sharp differences of opinion will remain evident in discussing solutions.
Knowledge is potential power
Research Team results presentation: Giuliana Urso and Yana Stoeva
Team Members: Giuliana Urso (Luiss University, Rome); Yana Stoeva, Lina Stoeva (Technical University Sofia); Federica Migliardi (Politecnico of Turin); Guo Ankang (Johns Hopkins University-Nanjing University); Shao Yijao (Nanjing University, School of Law)
The paradigm of governance of nations and the world is enshrined in the complexity of the ongoing transition. Any attempt to escape facing up with these difficult challenges fatally bring support to the devastating “weak thought” and the most heterodox, destabilizing forms of responses, entailing economic, political, institutional, cultural and social choices which are often contradictory and unrealistic. The ongoing “transitions” are far from having reached a conclusion and will evolve in a more challenging way in the coming ten, twenty years all over the world.
Interdependence, interference, integration are the tracks on which the main variables of the global system move, guided by a leadership provided by “élites” in the interest of long-term results of a sustainable global governance, while at the national and local level widespread contrasting voices and reactions are opposed to a henceforward irreversible process, taken also into account the extraordinary results which have benefited a great part of the world, since now marginalized in terms of economic, social and political growth.
Economy and politics of transitions is moving in the long term frame and not in the fragile and erratic day by day news. We will challenge on the new promising theories of growth and development, searching for the main trends of the policy choices together with structural reforms and sophisticated methods of analyzing and measuring a wide group of variables as the quality of the growth, human capital, technological transfer, capital and knowledge flows, inequalities, energy, institutional and market system building, freedom and human rights, food and environmental restraints determining the ascent or decline of nations and their economies.
Research focusing on: Balancing social equity, economic growth and good governance as the main choices of institutional building and policy choices
Research Team results presentation: Federica Diamanti
Individual Research: The development and challenges in health care policy and health care financing in contemporary China by Yang Wei (National University of Singapore)
Individual Research: Hybridization as a Strategy for New Governance. The Case of Social Enterprise in South Korea by Yeom Sungchang and Choi Hyejin (Graduate School of Public Administration, Korea University, South Korea)
Individual Research: Institutionalization of Trust as Response to Globalization by Yeom Sungchang and Choi Hyejin (Graduate School of Public Administration, Korea University, South Korea)
Individual Research: The Effect of Tax Policy Choices to the Labor Market On the Perspective of Global by Tang Xiaoxu, Xu Zifei, Cui Yan (Peking University, Beijing)
Individual Research: A functional transition of Corporation in governance by Kubo Yoshichika and Ohmae Shunichi (Meiji University, Tokyo)
Team members: Nicola Damian (Ca‘ Foscari University, Venice); Federica Diamanti, Antonio Buttita, Maria Consiglia Di Fonzo (Tor Vergata University, Rome); Kirill Shakhnov, Anastasia Zhakova (St. Petersburg University); Imelda Maidir (Department of Economics, Center for Strategic and International Studies, Jakarta); Wei Yang (National University of Singapore); Yeom Sungchan, Choi Hyejin (Graduate School of Public Administration, Korea University, South Korea); Xiaoxu Tang, Zifei Xu, Yan Cui (Peking University, Beijing); Kubo Yoshichika, Ohmae Shunichi (Meiji University, Tokyo); Andrea Armando (Politecnico of Turin)
“Well, I don't believe that climate change is just an issue that's convenient to bring up during a campaign. I believe it's one of the greatest moral challenges of our generation.
That's why I've fought successfully in the Senate to increase our investment in renewable fuels. That's why I reached across the aisle to come up with a plan to raise our fuel standards… And I didn't just give a speech about it in front of some environmental audience in California. I went to Detroit, I stood in front of a group of automakers, and I told them that when I am president, there will be no more excuses — we will help them retool their factories, but they will have to make cars that use less oil.”
(Barack Obama, Speech in Des Moines, IA, October 14, 2007)
Research focusing on: The Challenge of Biofuels
Research Team results presentation: Gian Luca Celli (Tor Vergata University, Rome) and Arianna Posenato (Luiss University Rome)
Individual Research: Promoting Application of Fuel Ethanol by Li Ting (Johns Hopkins University-Nanjing University)
Individual Research: From the heart of the Middle East, the energy of the future in Oman by Arianna Posenato (Luiss University)
Team Members: Arianna Posenato (Luiss University, Rome); Andrea Appolloni, Gianluca Celli (Tor Vergata University, Rome); Li Ting (Johns Hopkins University-Nanjing University)
“Reconstructions of past climates will not only help validate models used for predicting the 21st and 22nd centuries’ climate, but will also provide the best analogue and description of what might happen in the next future,” says André Berger of the Institute of Astronomy and Geophysics at Belgium’s UCL university. “Just because we may be entering another glacial period is not a reason to continue pumping CO2 into the atmosphere. But we need modelling and high-quality reconstructions of the past to determine the consequences.”
David Griggs, director of UK’s meteorological office, the Hadley Centre, affirms that the complexity of CC models has increased greatly in the last 30 years but they must be improved to handle yet more resolution, complexity and uncertainty. “We need to incorporate atmospheric chemistry into them, as well as land surface and ocean carbon cycles,” he said. “But to do so we need a six-fold increase in today’s computing power.”
Research focusing on: The integrated approach to manage the change
Research Team results presentation: Otello Campanelli (Luiss University, Rome) and
Brunella Cozzo (Politecnico of Turin)
Human and Environmental Symbiosis in Central Asia: Through the Water Management of the Aral Sea Basin Crisis by Hirokazu Kubo, Tateno Kodai, Kato Yuri, Watanabe Akira (SFC Keio University, Tokyo)
Land management: the cocoa monoculture in the South-East of Bahia
An alternative proposal for the production of home integrated systems
Climate Warming by Brunella Cozzo and Gabriele Buson (Politecnico of Turin)
Individual Research: Environment, Climate Warming and Water Management by Deogratias Kibona, Gloria Kilule, Fredrick M. Rwabukambara (Mzumbe University) (not present at the YICGG in Rome)
Team Members: Valeria Andreoni (Bologna University) ; Stefano Bisogni (Tor Vergata University, Rome); Brunella Cozzo, Gabriele Buson (Politecnico of Turin); Otello Campanelli (Luiss University, Rome); Marco Duriavig (Udine University), Yuri Kato, Hirokazu Kubo, Kodai Tateno, Akira Watanabe (SFC Keio University, Tokyo); Roberta Sanasi (Tor Vergata University, Rome)
According to Munich Re, one of the world's largest re-insurance companies, 950 natural disasters were recorded in 2007, which is up from 850 the previous year, and the highest figure since the company started keeping systematic records in 1974.
The damage caused by natural disasters in 2007, mainly earthquakes, hurricanes, flooding and wild fires, amounted to $75 billion (52 billion euros). One of the costliest events was Storm Kyrill, which affected large parts of northern and western Europe in January 2007. Kyrill was unusual in that its field of hurricane-force winds was very broad, resulting in insured losses of about $5.8 billion (4 billion euros) and total economic losses of some $10 billion (6.9 billion euros). Germany alone accounted for half of these losses.
Two flooding events in June and July in Great Britain each led to insured losses of about $3 billion (2.1 billion euros) and total economic losses of $4 billion (2.8 billion euros).
A mid-April winter storm in the US resulted in losses of $1.57 billion, and the October wildfires in California amounted to insured losses of at least $1.9 billion.
The deadliest natural disasters in 2007 included the South Asia flooding from July to September, which claimed around 3,000 lives, as well as November's tropical cyclone Sidr in Bangladesh, which caused the deaths of 3,300 people.
Not to talk of the China very recent earthquake. Only talking of the agricultural sector in China’s Sichuan province, it has suffered enormous damage estimated at around $6 billion caused by last month’s devastating earthquake, the FAO (UN Food and Agriculture Organisation) said overnight.According to an FAO assessment mission that recently visited Sichuan province, over 30 million people in rural communities have been severely hit, losing most of their assets. Thousands of hectares of farmland were destroyed, millions of farm animals died, houses and grain stores collapsed and thousands of pieces of agricultural machinery were damaged. “In addition to the human tragedy caused by the disaster - mainly the loss of family members - many rural communities in Sichuan province have lost their means to produce food and create income,” said Rajendra Aryal, FAO Senior Regional Emergency Coordinator.
Research focusing on: International Disaster: an international challenge
Research Team results presentation: He Jingwei (Singapore National University) and Liu Jianan (Chinese Foreign Affairs University, Beijing)
Individual Research: International Disaster Compensation Fund: a New International Financial Aid Mechanism by Liu Jianan, Tang Qin, Shi Yan (China Foreign Affairs University, Beijing)
Individual Research: A Proposed ASEAN Disaster Response, Training and Logistic Centre-Enhancing Regional Governance in Disaster Management by Tan Teck Boon, He Jingwei, Lai Yu-hung (Lee Kuan Yew School of Public Policy, National University of Singapore)
Individual Research: Conservative or Radical? A Socio-Economic Analysis on Earthquake Prediction in China, by Zhao Jiuqi (Hong Kong University) and Zhong Weifeng (Chinese University of Hong Kong)
Team members: Tan Teck Boon, He Jingwei, Lai Yu-hung (Lee Kuan Yew School of Public Policy, National Singapore University); Jianan Liu, Qin Tang; Yan Shi (China Foreign Affairs University, Beijing); Jiuqi Zhao (Hong Kong University); Weifeng Zhong (Chinese University of Hong Kong); Lianhe Wang, Qikai Bi, Yi Han, Jianwei Liu (Shanghai International Studies University)
With globalisation and knowledge-based production, firms may cooperate on a global scale, outsource parts of their administrative or productive units and negate location altogether. The extremely low transaction costs of data, information and knowledge seem to invalidate the theory of agglomeration and the spatial clustering of firms, going back to the classical work by Alfred Weber (1868-1958) and Alfred Marshall (1842-1924), who emphasized the microeconomic benefits of industrial collocation. This paper will argue against this view and show why the growth of knowledge societies will rather increase than decrease the relevance of location by creating knowledge clusters and knowledge hubs.
A knowledge cluster is a local innovation system organized around universities, research institutions and firms which successfully drive innovations and create new industries. Knowledge hubs are localities with high internal and external networking and knowledge sharing capabilities. Both form a new knowledge architecture within an epistemic landscape of knowledge creation and dissemination, structured by knowledge gaps and areas of low knowledge intensity. The paper will focus on the internal dynamics of knowledge clusters and knowledge hubs and show why clustering takes place despite globalisation and the rapid growth of ICT. The basic argument that firms and their delivery chains attempt to reduce transport (transaction) costs by choosing the same location is still valid for most industrial economies, but knowledge hubs have different dynamics relating to externalities produced from knowledge sharing and research and development outputs. The paper draws on empirical data derived from ongoing research in the Lee Kong Chian School of Business, Singapore Management University and in the Center for Development Research (ZEF), University of Bonn, supported by the German Aeronautics and Space Agency (DLR).
Research focusing on: FDI in Transition: The Fiat-Zastava Case in Serbia
Research Team results presentation: Dejan Trifunovic (Belgrade University) and Leo Italiano (Politecnico of Turin)
Team Members: Dejan Trifunovic, Bojan Ristic, Svetozar Tanaskovic (Belgrade University); Marko Ivkovic (B.C. Consulting); Leo Italiano (Politecnico of Turin), Stefania Tattoni (Tor Vergata University, Rome); Paula Callado (Saint-Quentin-En-Yvelines University)
The interaction of new technologies, demographic trends and the opening up of global markets are changing the way innovation affects economic value creation. Nanotechnology and alternative energies are key drivers of innovation that are creating new growth areas which span different industries. This has prompted the analysts to screen a wide range of sectors worldwide for innovative business models, to identify major trends and to examine which companies offer suitable longer-term opportunities for investors.
Innovation is both a component and a driver of economic growth. Most of the innovations that promote this growth and create new business opportunities focus on technologies which, in turn, generate other technologies. The recent acceleration of economic growth in the new emerging countries and in Europe illustrate the impact that technological innovation has on the economy's growth rate. Innovation-based investment opportunities are now more numerous than ever.
Research focusing on: Environment and ICT
Research Team results presentation: Otello Campanelli (Luiss University, Rome) and Ji Yia (Nottingham University, Ningbo, China)
Individual Research: A Hypothetical Model of New Business System That is Responsive to the Global Environment by Xiaona Zhuang, Ji Yia, Shenglan Lu (Nottingham University, Ningbo, China)
Individual Research: ICT and Rural Development: A Study of Warana Wired Village Project in India by Thadboina Venkatamallu (Osmania University, Hyderabad) (not attending the YICGG)
Team Members: Xiaona Zhuang, Ji Yia, Shenglan Lu (Nottingham University, Ningbo, China); Yingying Guo (Politecnico of Turin)
No one social science can adequately provide explanations and solutions for problems that transcend national boundaries, such as international conflict, political and economic development, ethnic conflict, and terrorism.
The very recent text book “International Studies An Interdisciplinary Approach to Global Issues” by Stanley W. Toops, Mark Allen Peterson, Sheldon Anderson, Jeanne A.K. Hey “is the first one to provide a much-needed interdisciplinary approach to international studies. The authors include a geographer, a historian, a political scientist, and an anthropologist. Emphasizing their connectedness, each details the methodologies and subject matter of their respective disciplines to provide a fuller understanding of the world. The second part of the book applies these disciplines to regional chapters, providing with an understanding of the issues facing these regions and their connection to the global community.
Case studies at the end of the book give studies a closer look at the geographic, historical, cultural, economic, and political elements of issues such as genocide and national identity. This disciplinary and regional combination provides a cohesive framework to discuss the broad spectrum of international affairs through a wholly unique interdisciplinary approach that is indispensable to understanding of global issues.
Research focusing on: China and Africa: a future special relation?
Research Team results presentation: Massimiliano Bertollo, Imelda Maidir (Lee Kuan Yew School of Public Policy, National University of Singapore) and Omar Appolloni (Luiss University Rome)
Individual research: Global Governance and Managing Short-Run Fluctuations in Commodity Prices: Case of Indonesia by Imelda Maidir (Centre for Strategic and International Studies (CSIS), Jakarta; Lee Kuan Yew School of Public Policy, National University of Singapore)
Individual Research: The Northern European regional level of the energy dialogue between the EU and Russia by Piergiorgio Stefanucci (Luiss University Rome)
Team Members: Massimiliano Bertollo, Francesco De Angelis, Edoardo Lelli, Piergiorgio Stefanucci, Omar Appolloni (Luiss University, Rome); Juana Paola Bustamante, Maria Febronia Sciacca, Massimiliano Riva (Tor Vergata University, Rome); Yiwen Lu (Macerata University); Slavko Vesenjak (Maribor University); Imelda Maidir (Department of Economics, Center for Strategic and International Studies, Jakarta)
Policymakers in developed and developing countries are faced with the challenge of how to avoid a global recession and safeguard robust economic development amidst risks of continued financial turmoil and a weakening dollar. The stakes are high. For developing countries, maintaining strong economic growth, while not the only condition, is essential
to supporting their endeavours and generating the necessary resources to achieve the Millennium Development Goals. For the advanced countries, too, continued expansion of economic activity is essential for tackling long-term challenges such as those posed by population ageing, and new investments are needed to address the challenge of climate change.
Coordinated policy action to redress the global imbalances is really needed.
A global demand stimulus will be needed if the slowdown in the United States economy is not to slip into a recession and spill over to the rest of the world. The below-trend growth in the United States would justify further interest rate cuts to stimulate the economy growth rate (percentage) but this may not be sufficient in the current context if consumer and business confidence weakens sharply, and could in any event precipitate a further depreciation of the dollar.
Global rebalancing would thus require stimuli from other parts of the world. In China, the appreciation of the renminbi has not prevented the growth of the external surplus. A more structural rebalancing of aggregate demand would be needed to reduce the economy’s surplus, by means of stepping up public spending on social security, health and education
services, especially those geared towards the rural population. In the major oil-exporting countries, there is ample room for undertaking much-needed domestic investment plans.
In Europe and Japan, continued low inflationary pressures would justify putting an end to monetary tightening and preserve at least a neutral to moderately stimulatory stance.
The International Monetary Fund (IMF) has initiated multilateral consultations to deal with the global imbalances through concerted policy actions. The participants in this dialogue, which include the United States, Japan, the euro area, China and Saudi Arabia, seem to agree on the desirability of correcting the global imbalances without jeopardizing sustained growth and on the need for concerted action. They have not yet followed through with any concrete policy actions, however. It is important that the discussions be broadened to involve more parties, developing countries in particular, and that
agreement be reached on multi-year policy adjustment schedules that can be monitored in order to make participants accountable and enhance the likelihood of compliance with agreed concerted action.
Parties, cognizant of the recent financial turmoil should see the urgency of addressing the problem of the global imbalances and initiate actions before the world economy moves into a recession and the dollar is forced into accelerated decline.
Research focusing on: Institutional building, Finance and Law
Research Team results presentation: Edgar Karapetyan (Russian Armenian Slavonic University) and Stefano Porcelli (Tor Vergata University, Rome)
The Law in China as a medium in Transition Process. Team Members: Xiaomin Chen
Stefano Porcelli, Yuanjian Zhai (Tor Vergata University, Rome)
Financial intermediation’s modernization in countries with transition economy.
Team members: Ann Atoyan, Marta Sandoyan, Edgar Karapetyan (Russian Armenian (RAU) Slavonic University); Demeh Daradkah (Udine University)
Team Members: Xiaomin Chen, Stefano Porcelli, Yuanjian Zhai (Tor Vergata University, Rome); Ann Atoyan, Marta Sandoyan, Edgar Karapetyan (Russian Armenian (RAU) Slavonic University); Demeh Daradkah (Udine University)
Ten years ago, the idea that Europe would unify its systems of higher education seemed nothing more than a dream. There were whispers and rumors about a process named Bologna, and few of my colleagues believed Bologna would eventually come to fruition. But over time, this phantom has stepped from the shadows and taken on flesh and bone. Now the restructuring of European higher education is all too real—the breadth and depth of the changes are filled both with opportunities and challenges for professionals in North America, and the ethereal phantom has taken on the weight of a leviahan.
The last 12 months have taken the discussions surrounding Bologna to a much-needed higher level.
Until 2006 discussions of Bologna at North American institutions of higher education were at a pragmatic or logistic level—that of the credentials analyst or assistant director of admissions—the professionals closest to the ground. Emotions of nervousness, panic, and disbelief mingled as these professionals tried to react to the sparse information provided about Bologna.
At the time, the major (and possibly only) question being asked was “Are these ‘Bologna three-year degrees’ equivalent to U.S. and Canadian bachelor’s degrees?” This is an important question, but one that betrays flaws in our approach to international education: it is overly simplistic in its understanding of both the higher educational systems of North America and Europe and ignores the deeper impacts of Bologna on the very concept of higher education around the world. In fact, pertaining to the latter, the Bologna Process may force the entire world to redefine higher education in the twenty-first century.
That’s a broad belief, but one that I don’t think is too far from true. In many ways, the evolution of higher education in Europe is similar to what was seen in the United States after World War II. The forces of massification and democratization—of expanding higher education to the masses and developing funding mechanisms to provide access (through tuition and loans)—are taking place in Europe.
With Bologna Process, the impact reaches across continental boundaries. In a world “that is flat” according to Thomas Friedman, changes of the magnitude of Bologna can’t help but be global in nature. With almost 50 signatory countries, Bologna impacts nearly a quarter of the world’s nations directly and the majority of the higher educational systems in developed countries. In addition, part of the initiatives of Bologna is to improve mobility across country borders. It is then, by every definition, designed to be global in nature.
Research focusing on: Facilitating Human Development in an All-round Globalization
Research Team results presentation: Livia Manacorda (Tor Vergata University), Weishuo Tao (Fudan University SIRPA, Shanghai), Cheng Jing School of Management Fudan University and Suwimon Pattayanunt (Chulalongkorn University, Bangkok)
Common Task to Euro-Asia’s Higher Education, Human Capital and Lifelong Learning Research
Team: Wang Jing (FDU) Fudan University; Cheng Jing (FDU) Fudan University; Dong Wenqing (FDU) Fudan University; Tao Weishuo (FDU) Fudan University
Individual Research: The Relevance of Lifelong Learning to Skills Formation, lessons from Europe: the UK and Germany, presented by Suwimon Pattayanunt (Chulalongkorn University, Bangkok)
Team Members: Manacorda Livia, Francalbina Pellegrino (Rome Tor Vergata University); Wang Jing, Cheng Jing, Dong Wenqing, Tao Weishuo (Fudan University); Suwimon Pattayanut (Chulalongkorn University, Bangkok.
The International Convention for the Safeguarding of the Intangible Cultural Heritage sets down a number of domains within which single examples of such heritage – at the same time traditional and living – may be identified: oral traditions, languages, performing arts, social practices, rituals, knowledge and practices concerning nature and the universe, traditional craftsmanship including techniques and skills including the associated cultural spaces, which communities, groups but also single individuals acknowledge as part of their cultural heritage .The characteristic features of the Intangible Cultural Heritage to be safeguarded by this Convention are the following:
Research focusing on: Cultural Heritage Protection and Management
Research Team results presentation: Lisa Corsi, Lorenzo Miccoli, Bei Bei Liu (Tor Vergata University, Rome), Marta Bordignon (Luiss University Rome), Karolina Lukasiewicz (Jagiellonian University, Krakow),
Sustainable Conservation of Cultural Heritage: A Global Responsibility. Sichuan Towers Case Study by Lisa Corsi, Diego De Gasperis, Qian Zhongui, Lorenzo Miccoli, Bei Bei Liu (Tor Vergata University, Rome);
The Ukrainian Cultural Goods: A Different Way To Utilise the Historical Heritage to develop an Economy (by Marta Bordignon, Luiss University Rome)
Team Members: Lisa Corsi, Diego De Gasperis, Lorenzo Miccoli, Zhongui Qian,; Marta Bordignon (Luiss University, Rome); Karolina Lukasiewicz (Jagiellonian University)
The fundamental importance of developing closer ties between Asia and Europe is a crucial pillar in the global system. EU and Asia partner organizations provide an important linkage between these regions and should be further developed. Economic ties – trade and investment - between Asia and Europe are deepening at an ever growing pace and should be complemented by developing a more comprehensive political dialogue, promoting and restoring human rights, furthering cultural exchanges and developing mutual understanding and action over common problems facing humanity, inter alia development, security and the environment.
The economic inter-connectedness of Asia and Europe is growing at an ever increasing pace. Economic integration and exchanges need to be complemented by deepening political cooperation in addressing issues of common interest. Transport and logistics between Asia and Europe can be further strengthened by also developing land-links between Asia and Europe. Energy policy – both production and conservation - should also have a more prominent role in Asia-Europe cooperation. Further efforts should be made to achieve closer ASEM Economic Partnership. All the governments should engage the business commu-nity and the Asia-Europe Business Forum more directly in the strengthening of economic cooperation between Asia and Europe.
The world is indivisible and interdependent. Persistent imbalances exist in development, prosperity, social and normative conditions, resources and environmental circumstances. These imbalances are not sustainable in the long run and further efforts should be made by the international community, regional cooperation and states themselves to address these imbalances between regions, states and within countries.
The security agenda, relevant to today's world and also pertinent to Asia-Europe Cooperation, is wider than ever and needs to focus on issues that are predominantly non-military by nature. These wider security concerns, so called new threats, include issues like global pandemics, communicable diseases, natural disasters, illegal migration, terrorism, human trafficking and trans-national organised crime at large. Open societies are increasingly vulnerable to these new threats and increasing international cooperation is the best way to deal with these new threats and call Europe and Asia to take a proactive approach in dealing with this security agenda.
Europe’s Role in China’s Transition to Superpower Status
Research Team results presentation: Krzysztof Pelc
Team Members: Juan Ni (School of Business, The University of Hong Kong); Rubens Pauluzzo (Udine University); Andrea Borrini (Tor Vergata University, Rome); Krzysztof Pelc (Georgetown University); Andrea Tomao (Luiss University, Rome)