I am an assistant professor of economics at the University of Wisconsin-Madison. My field is empirical industrial organization; see my research statement for a description of my research agenda.
research
PUBLISHED and Forthcoming PaperS:
Regulatory Competition and the Market for Corporate Law, with Ofer Eldar - AEJ:Microeconomics Vol. 12, No. 2, May 2020 (pp. 60-98) - Featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation
A Comparison of Testing and Estimation of Firm Conduct, with Christopher Sullivan - Economics Letters Vol. 212, March 2022 (pp. 110316) - preprint
Differentiated-Products Cournot Attributes Higher Markups Than Bertrand-Nash, with Daniel Quint, Christopher Sullivan and Sarah Waldfogel - Economics Letters Vol. 219, October 2022 (pp. 110804) - preprint
Estimation of Discrete Games with Weak Assumptions on Information, with Camilla Roncoroni - Review of Economic Studies Vol. 90, Issue 4, July 2023, (pp. 2006–2041), Featured Article - Young Economists' Essay Award at EARIE 2016, Young Economist Prize at XXXI Jornadas de Economía Industrial - preprint
The Rise of Urgent Care Centers: Implications for Competition and Access to Health Care, with Corina Mommaerts, Natalia Serna, and Christopher Sullivan - Journal of Political Economy Microeconomics Vol. 2, Issue 2, May 2024 (pp. 201—243) - preprint
Testing Firm Conduct, with Marco Duarte, Mikkel Sølvsten, and Christopher Sullivan - Quantitative Economics Vol. 15, Issue 3, July 2024 (pp. 571—606) - preprint
The Competitive Conduct of Consumer Cooperatives, with Marco Duarte and Camilla Roncoroni - Forthcoming at RAND Journal of Economics - YouTube video of CEPR VIOS talk
Triplet Embeddings for Demand Estimation, with Jonathon McClure and Alan Sorensen - Extended Abstract in EC 22: “Embeddings and Distance-based Demand for Differentiated Products” - Accepted at AEJ:Microeconomics
Working Papers:
Estimation of Games under No Regret: Structural Econometrics for AI, with Niccolò Lomys
Multi-homing Policies and Collusion: Unintended Consequences for Digital Platforms, with John Higgins, Daniel Quint, and Christopher Sullivan (submitted).
Learning Firm Conduct: Pass-Through as a Foundation for Instrument Relevance, with Adam Dearing, Daniel Quint, Christopher Sullivan, and Sarah Waldfogel (submitted). NBER working paper #32863 (Aug. 2024). This paper supersedes Falsifying Models of Firm Conduct, with Daniel Quint, Christopher Sullivan, and Sarah Waldfogel
An Equilibrium Model of Rollover Lotteries, with Giovanni Compiani and Lones Smith
Testing Information Ordering for Strategic Agents, with Sukjin Han and Hiroaki Kaido
Political Connections and Market Structure, with Camilla Roncoroni - Public Utility Research Prize for the Best Paper in Regulatory Economics at IIOC 2017
SOME Work in Progress:
Enhancing the Merger Simulation Toolkit with ML/AI, with Harold Chiang, Jack Collison, and Christopher Sullivan - slides
Beyond Constant Cost: Conduct Testing with Economies of Scale, with Marco Duarte, Daniel Quint, Mikkel Sølvsten, and Christopher Sullivan - slides
Estimating Algorithmic Collusion: Robust Identification and Inference in Repeated Games, with Antonio Cozzolino, Cristina Gualdani, and Niccolò Lomys
software packages:
pyRVtest: A Python package for testing firm conduct, with Marco Duarte, Mikkel Sølvsten, Christopher Sullivan, and Anya Tarascina
Teaching
ECON 301: Intermediate Microeconomics (Fall 2016, 2019-2022, 2024; Spring 2018)
ECON 690/725/899: Machine Learning for Economists - M.A. Level (Fall 2018-2022, 2024)
ECON 762/761: Empirical Industrial Organization - Ph.D. Level (Fall 2016, 2019-2022, 2024; Spring 2018, 2019)
CV
E-mail: magnolfi@wisc.edu
Office: Room 6426, 1180 Observatory Drive, Madison, WI 53706-1393