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Massimo Florio

Massimo Florio is Professor of Public Economics at the University of Milan. The European Commission has awarded Florio a Jean Monnet “Ad Personam” Chair of EU Industrial Policy, and currently the coordination of a Jean Monnet network of six European universities.

Florio was Head of Department and Chair of the Evaluation Board at the University of Milan. He has been the scientific director of all five editions (1994 to 2014) of the European Commission Guide to Cost-Benefit Analysis of Investment Projects, and has led evaluation and advisory projects for, inter alia, the European Investment Bank, European Parliament, EC, OECD, World Bank, CERN. The research interests include applied welfare economics, privatization and public enterprises, industrial and regional policy, the socio-economic impact of Big Science. Current editorial roles include Cambridge Elements of Public Economics, Journal of Economic Policy Reform, Utilities Policy, Annals of Public and Cooperative Economics, The Italian Journal of Public Economics. In 2016 Florio has been elected in the board of the Society for Benefit-Cost Analysis. Recent books include ‘Network Industries and Social Welfare’ (Oxford University Press 2013), ‘Applied welfare economics. Cost-benefit analysis of projects and policies’ (Routledge 2014) and, as co-editor, ‘The economics of infrastructure provisioning’ (MIT Press 2016), ‘Infrastructure finance in Europe’ (Oxford University Press 2015).

Recent Publications

  • Clò, S., C.V. Fiorio and M. Florio, “The targets of state capitalism: evidence from M&A deals”, European Journal of Political Economy, 47: 61-74, 2017.
  • Clò, S., M. Ferraris and M. Florio, “Ownership and environmental regulation: Evidence from the European electricity industry”, Energy Economics, 61: 298–312, 2017.
  • Del Bo, C., M. Ferraris and M. Florio, “Governments in the market for corporate control: Evidence from M&A deals involving state-owned enterprises”, Journal of Comparative Economics, 45(1): 89–109 2017.
  • Florio, M., S. Forte and E. Sirtori, “Forecasting the socio-economic impact of the Large Hadron Collider: A cost–benefit analysis to 2025 and beyond” , Technological Forecasting and Social
  • Borghi, E., C.F. Del Bo and M. Florio, “Institutions and firms' productivity: evidence from electricity distribution in the EU”, Oxford Bulletin of Economics and Statistics , 78(2): 170–196, 2016.




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