This paper proposes a class of literacy measures that takes into account the externality generated by the presence of literates in the household. It is claimed that such externality is increasing in the number of literates in the household, has characteristics of rivalry in consumption, and therefore is a function of the distribution of literates and illiterates in the household. The measure is given a full axiomatic characterization, and it is shown that its use may reverse the ranking of geographical areas obtained by using other literacy measures.
Focus areas: Economics of antitrust, development economics
Paola Valenti is an economist with expertise in applied microeconomics, applied econometrics, and economics of antitrust and intellectual property. She has expertise in industries such as electronics, pharmaceuticals, medical devices, industrial chemicals, consumer products, food, and computer hardware and software. Valenti previously served as a consultant at NERA Economic Consulting, developing economic research and quantitative analysis. She also worked as a consultant for the World Bank's Human Development Network and Social Protection Group.Valenti holds laurea and Dottorato di Recerca degrees in economics from the University of Rome "La Sapienza," an MSc from CORIPE Piemonte, and a PhD from Cornell University.
- “Measuring Market Power” in Market Power Handbook: Competition Law and Economic Foundations, Third Edition, Edited by American Bar Association (expected to be published in 2020)
- “Economic Approaches to Patent Damages Analysis” in The Economic Valuation of Patents: Methods and Applications, Edited by Federico Munari and Raffaele Oriani, Edward Elgar, Cheltenham, United Kingdom, 2011.
- "Avoiding Misidentified Incremental Costs" in Economic Approaches to Intellectual Property Policy, Litigation, and Management, edited by Dr. Gregory K. Leonard and Dr. Lauren J. Stiroh, NERA Economic Consulting, 2005 (with A. Lutz).
- "Should We Be Concerned About the Distribution of Literacy Across Households? An Axiomatic Investigation" CAE Working Paper 02-15, Cornell University.
- "People Who Can Read Provide Benefits to Other Family Members: What is the Effect on Child Health?" mimeo, Cornell University, 2001 (with J.S. Butler).
- "Long-Term Labor Force Exit and Economic Well-Being: A Cross National Comparison of Public and Private Income Support" Vierteljahrshefte zur Wirtschaftsforschung 70. Jahrgang, Heft 1/2001, S. 146-152 (with R.V. Burkhauser and D. R. Lillard).
- "How Exits from the Labor Force or Death Impact Household Income: A Four Country Comparison of Public and Private Income Support" Michigan Retirement Research Center Working Paper Series, WP 00-10, July 2001 (with R.V. Burkhauser and D.R. Lillard).