Michele Baggio, Ph.D.
Assistant Professor University of Connecticut
- Storrs CT
Michele Baggio is an expert in environmental and resource economics, ecological economics, and health economics.
Biography
Areas of Expertise
Education
University of Maryland
Ph.D.
Agricultural & Resource Economics
2012
University of York
M.Sc.
Environmental Economics
2001
University of Verona
B.Sc.
Economics
1999
Links
Social
Media
Media Appearances
What Can Whales Teach Us About Clean Energy, Workplace Harmony, and Living the Good Life?
Freakonomics online
2023-07-26
Baggio was presenting a paper that he had co-authored with Metin Cosgel called “Racial Diversity and Team Productivity: Evidence from the American Offshore Whaling Industry.” Baggio is an environmental economist.
"I focus most on renewable resources, like fish stocks, but I also talk about the impact of climate change on the oceans, and how that reflects to human well-being."
So how did Baggio wind up writing a paper about racial diversity among 19th-century whalers?
Legal marijuana lifts snack sales
Biz Journals online
2019-03-15
Chip sales increased 5.3 percent, cookie sales were up 4.1 percent, and ice cream purchases increased 3.1 percent, increases that Michele Baggio, University of Connecticut assistant professor of economics called statistically and economically significant.
Behold, new research suggests the munchies are real
Big Think online
2019-03-04
Don't take a few clinical trials as the final word on this. A new paper published on February 14 in the Social Science Research Network, by Michele Baggio (assistant professor of economics, University of Connecticut) and Alberto Chong (professor at Andrew Young School of Policy Studies, Department of Economics), argues that in over 2,000 U.S. counties with shifting marijuana laws, the munchies are real...
Medical-Marijuana Legalization Leads to Baby Boomlet, Paper Says
The Wall Street Journal online
2018-11-15
According to the National Conference of State Legislatures, 33 states and Washington, D.C., allow the once verboten drug to be used for various health-related reasons. And in these states, the researchers—Michele Baggio and David Simon of the University of Connecticut and Alberto Chong of Georgia State University—found an uptick in marijuana use...
Companies Betting on Pot May Be Worse Off When the Smoke Clears
The Wall Street Journal online
2018-10-12
The cannabis investing frenzy has reached a fever pitch. With recreational marijuana use becoming legal in Canada next Wednesday and legalization efforts in the U.S. making steady progress, it seems like everyone from former Speaker of the House John Boehner to singer Jimmy Buffett wants a piece of the action.
Medical marijuana took a bite out of alcohol sales. Recreational pot could take an even bigger one.
Washington Post online
2017-12-01
Alcoholic beverage sales fell by 15 percent following the introduction of medical marijuana laws in a number of states, according to a new working paper by researchers at the University of Connecticut and Georgia State University.
Articles
Optimal Fishery Management with Regime Shifts: An Assessment of Harvesting Strategies
Environmental and Resource Economics2015
This paper compares outcomes from informed and uninformed harvesting strategies for a fish stock with switching dynamics where the probability of switching is influenced by climate. Using data on sea-surface temperature anomalies, the impacts of climate on the conservation and the welfare that can be extracted from the stock are investigated.
On the Consumer Value of Diversity: An Application to Italian Fish
Journal of Agricultural Economics2011
This article investigates the consumer value of diversity both conceptually and empirically. It proposes a measure of diversity value based on a benefit function. It shows that the consumer value of diversity can arise from complementarity and/or convexity effects among consumer goods. The usefulness of the approach is illustrated by an application to fish in Italy. The investigation illustrates the role played by both convexity and complementarity in the valuation of diversity. The empirical evidence shows the importance of dynamics. It also documents how the value of diversity varies depending on the bundles considered.
On Duality and the Benefit Function
Journal of Economics2009
This paper investigates the duality relationships between Marshallian and compensated price-dependent consumer demands. We associate the compensated price-dependent demand with Luenberger’s benefit function, which has nice aggregation properties and provides a general basis for conducting welfare analysis. As an analog to the well-known “Slutsky equation,” we derive a “Luenberger equation” establishing the general relationships between Marshallian and compensated price-dependent slopes.
On the consumer value of complementarity: a benefit function approach
American Journal of Agricultural Economics2009
The article develops a conceptual model of the consumer value of complementarity and illustrates its usefulness in an application to fisheries. Complementarity arises when some goods have a positive effect on the marginal value of other goods. We propose a measurement of the value of complementarity based on the benefit function. Our econometric analysis of fish consumption in Italy examines these issues, with special attention given to dynamics. Our results show that, while short-run fish demand is characterized by substitution relationships, complementarity does develop in the intermediate run and in the long run.
On the Consumer Value of Complementarity: A Benefit Function Approach
American Journal of Agricultural Economics2009
The article develops a conceptual model of the consumer value of complementarity and illustrates its usefulness in an application to fisheries. Complementarity arises when some goods have a positive effect on the marginal value of other goods. We propose a measurement of the value of complementarity based on the benefit function. Our econometric analysis of fish consumption in Italy examines these issues, with special attention given to dynamics.
