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Dr Carlo Fezzi

Dr Carlo Fezzi

Senior Lecturer (LEEP)

2337

+44 (0)1392 722337

LEEP, 1st floor
Xfi Building, University of Exeter, Rennes Drive, Exeter, EX4 4ST, UK

Carlo is a Marie Curie fellow. In the first 2 years, the Marie Curie fellowship was based at the Department of Economics at the University of California San Diego (USA) and then later at at the Center for Economic and Social Research on the Global Environment at the University of East Anglia, UK. 

Previously Carlo was a visiting scholar at the Department of Economics at Iowa State University, at the School of International and Public Affairs at Columbia University and at the Department of Decision Sciences at London Business School. 

Carlo holds a PhD in Statistical Methodology (field: Applied Econometrics) from the University of Bologna.

Research interests

Carlo's research is at the intersection of environmental economics and applied econometrics. He is interested in answering environmental policy questions using quantitative information and statistical methodologies grounded in economic theory. 

Examples of his work are:

  • estimating the impact of climate change on agriculture;
  • developing spatially-sensitive models for valuing multiple ecosystem services
  • estimating the value of travel time for environmental valuation;
  • developing semi-parametric models for environmental valuation;
  • analyzing the impact of the EU emission trading scheme on electricity prices;
  • estimating farmers' risk attitudes using crop insurance choice data.

Carlo enjoys interdisciplinary research and collaborates with environmental scientists, ecologists, hydrologists, geographers and, of course, economists.

Key publications | Publications by category | Publications by year

Publications by category


Journal articles

Ritchie P, Smith G, Davis K, Fezzi C, Halleck-Vega S, Harper A, Boulton C, Binner A, Day B, Gallego-Sala A, et al (2020). Shifts in national land use and food production in Great Britain after a climate tipping point. Nature Food, 1, 76-83. Full text. DOI.
Fezzi C, Mosetti L (2020). Size Matters: Estimation Sample Length and Electricity Price Forecasting Accuracy. The Energy Journal, 41(4). DOI.
Ritchie PDL, Harper AB, Smith GS, Kahana R, Kendon EJ, Lewis H, Fezzi C, Halleck-Vega S, Boulton CA, Bateman IJ, et al (2019). Large changes in Great Britain’s vegetation and agricultural land-use predicted under unmitigated climate change. Environmental Research Letters, 14(11), 114012-114012. Full text. DOI.
Day BH, Bateman I, Binner A, Ferrini S, Fezzi C (2019). Structurally-consistent estimation of use and nonuse values for landscape-wide environmental change. Journal of Environmental Economics and Management, 98 Full text. DOI.
Bateman I, Agarwala M, Binner A, Coombes E, Day B, Ferrini S, Fezzi C, Hutchins M, Lovett A, Posen P, et al (2016). Spatially explicit integrated modeling and economic valuation of climate driven land use change and its indirect effects. J Environ Manage, 181, 172-184. Abstract.  Author URL.  Full text. DOI.
Fezzi C, Harwood AR, Lovett AA, Bateman IJ (2015). Erratum: the environmental impact of climate change adaptation on land use and water quality (Nature Climate Change (2015) 5 (255-260)). Nature Climate Change, 5(4). DOI.
Fezzi C, Bateman I (2015). The Impact of Climate Change on Agriculture: Nonlinear Effects and Aggregation Bias in Ricardian Models of Farmland Values. Journal of the Association of Environmental and Resource Economists, 2(1), 57-92. Full text. DOI.
Fezzi C, Harwood AR, Lovett AA, Bateman IJ (2015). The environmental impact of climate change adaptation on land use and water quality. Nature Climate Change, 5(3), 255-260. Abstract.  Full text. DOI.
Bateman IJ, Harwood AR, Abson DJ, Andrews B, Crowe A, Dugdale S, Fezzi C, Foden J, Hadley D, Haines-Young R, et al (2014). Economic Analysis for the UK National Ecosystem Assessment: Synthesis and Scenario Valuation of Changes in Ecosystem Services. Environmental and Resource Economics, 57(2), 273-297. Abstract.  Full text. DOI.
Fezzi C, Bateman IJ, Ferrini S (2014). Using revealed preferences to estimate the value of travel time to recreation sites. Journal of Environmental Economics and Management, 67(1), 58-70. Abstract.  Full text. DOI.
Abson DJ, Termansen M, Pascual U, Aslam U, Fezzi C, Bateman I (2014). Valuing Climate Change Effects Upon UK Agricultural GHG Emissions: Spatial Analysis of a Regulating Ecosystem Service. Environmental and Resource Economics, 57(2), 215-231. Abstract.  Full text. DOI.
Fezzi C (2014). Valuing Climate Change Mitigation: Applying Stated Preferences in the Presence of Uncertainty. JOURNAL OF ECONOMIC LITERATURE, 52(1), 242-243. Author URL.
Fezzi C, Bateman I, Askew T, Munday P, Pascual U, Sen A, Harwood A (2014). Valuing Provisioning Ecosystem Services in Agriculture: the Impact of Climate Change on Food Production in the United Kingdom. Environmental and Resource Economics, 57(2), 197-214. Abstract.  Full text. DOI.
Bateman IJ, Harwood AR, Mace GM, Watson RT, Abson DJ, Andrews B, Binner A, Crowe A, Day BH, Dugdale S, et al (2013). Bringing ecosystem services into economic decision-making: land use in the United Kingdom. Science, 341(6141), 45-50. Abstract.  Author URL.  Full text. DOI.
Bateman IJ, Harwood AR, Mace GM, Watson RT, Abson DJ, Andrews B, Binner A, Crowe A, Day BH, Dugdale S, et al (2013). Ecosystem Services: Nature's Balance Sheet Response. SCIENCE, 342(6157), 421-422. Author URL.
Bateman IJ, Harwood AR, Mace GM, Watson RT, Abson DJ, Andrews B, Binner A, Crowe A, Day BH, Dugdale S, et al (2013). Ecosystem services: response. Science, 342(6157), 421-422. Author URL.  Full text. DOI.
Colón-González FJ, Fezzi C, Lake IR, Hunter PR (2013). The effects of weather and climate change on dengue. PLoS Negl Trop Dis, 7(11). Abstract.  Author URL. DOI.
Ferrini S, Fezzi C (2012). Generalized additive models for nonmarket valuation via revealed or stated preference methods. Land Economics, 88(4), 782-802. Abstract. DOI.
Bateman I, Binner A, Coombes E, Day B, Ferrini S, Fezzi C, Hutchins M, Posen P (2012). Integrated and spatially explicit modelling of the economic value of complex environmental change and its indirect effects. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-40. Abstract.
Fezzi C, Bateman I (2012). Non-linear effects and aggregation bias in Ricardian models of climate change. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-33. Abstract.
Fezzi C, Bateman I, Ferrini S (2012). Using revealed preferences to estimate the value of travel time to recreation sites. Working Paper - Centre for Social and Economic Research on the Global Environment(1). Abstract.
Bateman IJ, Mace GM, Fezzi C, Atkinson G, Turner K (2011). Economic analysis for ecosystem service assessments. Environmental and Resource Economics, 48(2), 177-218. Abstract. DOI.
Fezzi C, Bateman IJ (2011). Structural agricultural land use modeling for spatial agro-environmental policy analysis. American Journal of Agricultural Economics, 93(4), 1168-1188. Abstract. DOI.
Bateman IJ, Mace GM, Fezzi C, Atkinson G, Turner K (2010). Economic analysis for ecosystem service assessments. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-49. Abstract.
Fezzi C, Hutchins M, Rigby D, Bateman IJ, Posen P, Hadley D (2010). Integrated assessment of water framework directive nitrate reduction measures. Agricultural Economics, 41(2), 123-134. Abstract. DOI.
Hampson D, Crowther J, Bateman I, Kay D, Posen P, Stapleton C, Wyer M, Fezzi C, Jones P, Tzanopoulos J, et al (2010). Predicting microbial pollution concentrations in UK rivers in response to land use change. Water Res, 44(16), 4748-4759. Abstract.  Author URL. DOI.
Fezzi C, Bunn D (2010). Structural Analysis of Electricity Demand and Supply Interactions. Oxford Bulletin of Economics and Statistics, 72(6), 827-856. Abstract. DOI.
Hutchins M, Fezzi C, Bateman I, Posen P, Deflandre-Vlandas A (2009). Cost-effective mitigation of diffuse pollution: setting criteria for river basin management at multiple locations. Environ Manage, 44(2), 256-267. Abstract.  Author URL. DOI.
Fezzi C, Rigby D, Bateman IJ, Hadley D, Posen P (2008). Estimating the range of economic impacts on farms of nutrient leaching reduction policies. Agricultural Economics, 39(2), 197-205. Abstract. DOI.
Fezzi C, Hutchins M, Rigby D, Bateman IJ, Posen P, Hadley D, Deflandre-Vlandas A (2008). Integrated assessment of water framework directive nitrate reduction measures. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-34. Abstract.
Ferrini S, Fezzi C, Day BH, Bateman IJ (2008). Valuing spatially dispersed environmental goods: a joint revealed and stated preference model to consistently separate use and non-use values. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-25. Abstract.
Fezzi C, Rigby D, Bateman IJ, Hadley D, Posen P (2007). Estimating the range of impacts arising from nitrate leaching reduction policies using farm accounts. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-31. Abstract.
Bateman IJ, Deflandre-Vlandas A, Fezzi C, Hadley D, Hutchins M, Lovett A, Posen P, Rigby D (2007). WFD related agricultural nitrate and phosphate leaching reduction options: Cost estimates derived from farm level survey data & a cost-effectiveness assessment for the Derwent catchment. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-62. Abstract.

Chapters

Bateman IJ, Binner A, Smith G, Day B, Fezzi C, Rusby A, Welters R (2020). Chapter 15 - United Kingdom: Public and Private Sector Payments for Ecosystem Services. In  (Ed) Integration, Valuation, Targeting and Efficient Delivery of Public and Private Sector Payments for Ecosystem Services in the UK.  Full text.
Bateman I, Binner A, Day B, Faccioli M, Fezzi C, Rusby A, Smith G (2020). The natural capital approach to integrating science, economics and policy into decisions affecting the natural environment. In Sutherland W, Brotherton P, Davis Z, Ockendon N, Pettorelli N, Vickery J (Eds.) Conservation Research, Policy and Practice, Cambridge: Cambridge University Press, 198-217.  Abstract.  Full text.
Fezzi C, Harwood AR, Lovett AA, Bateman IJ (2017). The environmental impact of climate change adaptation on land use and water quality. In  (Ed) Building a Climate Resilient Economy and Society: Challenges and Opportunities, 27-40.  Abstract. DOI.
Bateman IJ, Mace GM, Fezzi C, Atkinson G, Kerry Turner R (2014). Economic analysis for ecosystem service assessments. In  (Ed) Valuing Ecosystem Services: Methodological Issues and Case Studies, 23-77. DOI.
Bateman I, Perino G, Abson D, Andrews B, Crowe A, Dugdale S, Fezzi C, Foden J, Hadley D, Haines-Young R, et al (2014). The UK National Ecosystem Assessment: Valuing Changes in Ecosystem Services. In  (Ed) Nature in the Balance: the Economics of Biodiversity, Oxford University Press, 79-100.
Bateman IJ, Abson D, Beaumont N, Darnell A, Fezzi C, Hanley N, Kontoleon A, Maddison D, Morling P, Morris J, et al (2011). Economic Values from Ecosystems. In  (Ed) The UK National Ecosystem Assessment Technical Report, UNEP-WCMC.
Bateman IJ, Abson D, Andrews B, Crowe A, Darnell A, Dugdale S, Fezzi C, Foden J, Haines-Young R, Hulme M, et al (2011). Valuing Changes in Ecosystem Services: Scenario Analyses. In  (Ed) The UK National Ecosystem Assessment Technical Report, UNEP-WCMC.
Bunn DW, Fezzi C (2008). A vector error correction model of the interactions among gas, electricity and carbon prices: an application to the cases of germany and the United Kingdom. In  (Ed) Markets for Carbon and Power Pricing in Europe: Theoretical Issues and Empirical Analyses, 145-159.

Publications by year


2020

Bateman IJ, Binner A, Smith G, Day B, Fezzi C, Rusby A, Welters R (2020). Chapter 15 - United Kingdom: Public and Private Sector Payments for Ecosystem Services. In  (Ed) Integration, Valuation, Targeting and Efficient Delivery of Public and Private Sector Payments for Ecosystem Services in the UK.  Full text.
Ritchie P, Smith G, Davis K, Fezzi C, Halleck-Vega S, Harper A, Boulton C, Binner A, Day B, Gallego-Sala A, et al (2020). Shifts in national land use and food production in Great Britain after a climate tipping point. Nature Food, 1, 76-83. Full text. DOI.
Fezzi C, Mosetti L (2020). Size Matters: Estimation Sample Length and Electricity Price Forecasting Accuracy. The Energy Journal, 41(4). DOI.
Bateman I, Binner A, Day B, Faccioli M, Fezzi C, Rusby A, Smith G (2020). The natural capital approach to integrating science, economics and policy into decisions affecting the natural environment. In Sutherland W, Brotherton P, Davis Z, Ockendon N, Pettorelli N, Vickery J (Eds.) Conservation Research, Policy and Practice, Cambridge: Cambridge University Press, 198-217.  Abstract.  Full text.

2019

Ritchie PDL, Harper AB, Smith GS, Kahana R, Kendon EJ, Lewis H, Fezzi C, Halleck-Vega S, Boulton CA, Bateman IJ, et al (2019). Large changes in Great Britain’s vegetation and agricultural land-use predicted under unmitigated climate change. Environmental Research Letters, 14(11), 114012-114012. Full text. DOI.
Day BH, Bateman I, Binner A, Ferrini S, Fezzi C (2019). Structurally-consistent estimation of use and nonuse values for landscape-wide environmental change. Journal of Environmental Economics and Management, 98 Full text. DOI.

2017

Fezzi C, Harwood AR, Lovett AA, Bateman IJ (2017). The environmental impact of climate change adaptation on land use and water quality. In  (Ed) Building a Climate Resilient Economy and Society: Challenges and Opportunities, 27-40.  Abstract. DOI.

2016

Bateman I, Agarwala M, Binner A, Coombes E, Day B, Ferrini S, Fezzi C, Hutchins M, Lovett A, Posen P, et al (2016). Spatially explicit integrated modeling and economic valuation of climate driven land use change and its indirect effects. J Environ Manage, 181, 172-184. Abstract.  Author URL.  Full text. DOI.

2015

Fezzi C, Harwood AR, Lovett AA, Bateman IJ (2015). Erratum: the environmental impact of climate change adaptation on land use and water quality (Nature Climate Change (2015) 5 (255-260)). Nature Climate Change, 5(4). DOI.
Fezzi C, Bateman I (2015). The Impact of Climate Change on Agriculture: Nonlinear Effects and Aggregation Bias in Ricardian Models of Farmland Values. Journal of the Association of Environmental and Resource Economists, 2(1), 57-92. Full text. DOI.
Fezzi C, Harwood AR, Lovett AA, Bateman IJ (2015). The environmental impact of climate change adaptation on land use and water quality. Nature Climate Change, 5(3), 255-260. Abstract.  Full text. DOI.

2014

Bateman IJ, Harwood AR, Abson DJ, Andrews B, Crowe A, Dugdale S, Fezzi C, Foden J, Hadley D, Haines-Young R, et al (2014). Economic Analysis for the UK National Ecosystem Assessment: Synthesis and Scenario Valuation of Changes in Ecosystem Services. Environmental and Resource Economics, 57(2), 273-297. Abstract.  Full text. DOI.
Bateman IJ, Mace GM, Fezzi C, Atkinson G, Kerry Turner R (2014). Economic analysis for ecosystem service assessments. In  (Ed) Valuing Ecosystem Services: Methodological Issues and Case Studies, 23-77. DOI.
Bateman I, Perino G, Abson D, Andrews B, Crowe A, Dugdale S, Fezzi C, Foden J, Hadley D, Haines-Young R, et al (2014). The UK National Ecosystem Assessment: Valuing Changes in Ecosystem Services. In  (Ed) Nature in the Balance: the Economics of Biodiversity, Oxford University Press, 79-100.
Fezzi C, Bateman IJ, Ferrini S (2014). Using revealed preferences to estimate the value of travel time to recreation sites. Journal of Environmental Economics and Management, 67(1), 58-70. Abstract.  Full text. DOI.
Abson DJ, Termansen M, Pascual U, Aslam U, Fezzi C, Bateman I (2014). Valuing Climate Change Effects Upon UK Agricultural GHG Emissions: Spatial Analysis of a Regulating Ecosystem Service. Environmental and Resource Economics, 57(2), 215-231. Abstract.  Full text. DOI.
Fezzi C (2014). Valuing Climate Change Mitigation: Applying Stated Preferences in the Presence of Uncertainty. JOURNAL OF ECONOMIC LITERATURE, 52(1), 242-243. Author URL.
Fezzi C, Bateman I, Askew T, Munday P, Pascual U, Sen A, Harwood A (2014). Valuing Provisioning Ecosystem Services in Agriculture: the Impact of Climate Change on Food Production in the United Kingdom. Environmental and Resource Economics, 57(2), 197-214. Abstract.  Full text. DOI.

2013

Bateman IJ, Harwood AR, Mace GM, Watson RT, Abson DJ, Andrews B, Binner A, Crowe A, Day BH, Dugdale S, et al (2013). Bringing ecosystem services into economic decision-making: land use in the United Kingdom. Science, 341(6141), 45-50. Abstract.  Author URL.  Full text. DOI.
Bateman IJ, Harwood AR, Mace GM, Watson RT, Abson DJ, Andrews B, Binner A, Crowe A, Day BH, Dugdale S, et al (2013). Ecosystem Services: Nature's Balance Sheet Response. SCIENCE, 342(6157), 421-422. Author URL.
Bateman IJ, Harwood AR, Mace GM, Watson RT, Abson DJ, Andrews B, Binner A, Crowe A, Day BH, Dugdale S, et al (2013). Ecosystem services: response. Science, 342(6157), 421-422. Author URL.  Full text. DOI.
Colón-González FJ, Fezzi C, Lake IR, Hunter PR (2013). The effects of weather and climate change on dengue. PLoS Negl Trop Dis, 7(11). Abstract.  Author URL. DOI.

2012

Ferrini S, Fezzi C (2012). Generalized additive models for nonmarket valuation via revealed or stated preference methods. Land Economics, 88(4), 782-802. Abstract. DOI.
Bateman I, Binner A, Coombes E, Day B, Ferrini S, Fezzi C, Hutchins M, Posen P (2012). Integrated and spatially explicit modelling of the economic value of complex environmental change and its indirect effects. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-40. Abstract.
Fezzi C, Bateman I (2012). Non-linear effects and aggregation bias in Ricardian models of climate change. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-33. Abstract.
Fezzi C, Bateman I, Ferrini S (2012). Using revealed preferences to estimate the value of travel time to recreation sites. Working Paper - Centre for Social and Economic Research on the Global Environment(1). Abstract.

2011

Bateman IJ, Abson D, Beaumont N, Darnell A, Fezzi C, Hanley N, Kontoleon A, Maddison D, Morling P, Morris J, et al (2011). Economic Values from Ecosystems. In  (Ed) The UK National Ecosystem Assessment Technical Report, UNEP-WCMC.
Bateman IJ, Mace GM, Fezzi C, Atkinson G, Turner K (2011). Economic analysis for ecosystem service assessments. Environmental and Resource Economics, 48(2), 177-218. Abstract. DOI.
Fezzi C, Bateman IJ (2011). Structural agricultural land use modeling for spatial agro-environmental policy analysis. American Journal of Agricultural Economics, 93(4), 1168-1188. Abstract. DOI.
Bateman IJ, Abson D, Andrews B, Crowe A, Darnell A, Dugdale S, Fezzi C, Foden J, Haines-Young R, Hulme M, et al (2011). Valuing Changes in Ecosystem Services: Scenario Analyses. In  (Ed) The UK National Ecosystem Assessment Technical Report, UNEP-WCMC.

2010

Bateman IJ, Mace GM, Fezzi C, Atkinson G, Turner K (2010). Economic analysis for ecosystem service assessments. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-49. Abstract.
Fezzi C, Hutchins M, Rigby D, Bateman IJ, Posen P, Hadley D (2010). Integrated assessment of water framework directive nitrate reduction measures. Agricultural Economics, 41(2), 123-134. Abstract. DOI.
Hampson D, Crowther J, Bateman I, Kay D, Posen P, Stapleton C, Wyer M, Fezzi C, Jones P, Tzanopoulos J, et al (2010). Predicting microbial pollution concentrations in UK rivers in response to land use change. Water Res, 44(16), 4748-4759. Abstract.  Author URL. DOI.
Fezzi C, Bunn D (2010). Structural Analysis of Electricity Demand and Supply Interactions. Oxford Bulletin of Economics and Statistics, 72(6), 827-856. Abstract. DOI.

2009

Hutchins M, Fezzi C, Bateman I, Posen P, Deflandre-Vlandas A (2009). Cost-effective mitigation of diffuse pollution: setting criteria for river basin management at multiple locations. Environ Manage, 44(2), 256-267. Abstract.  Author URL. DOI.

2008

Bunn DW, Fezzi C (2008). A vector error correction model of the interactions among gas, electricity and carbon prices: an application to the cases of germany and the United Kingdom. In  (Ed) Markets for Carbon and Power Pricing in Europe: Theoretical Issues and Empirical Analyses, 145-159.
Fezzi C, Rigby D, Bateman IJ, Hadley D, Posen P (2008). Estimating the range of economic impacts on farms of nutrient leaching reduction policies. Agricultural Economics, 39(2), 197-205. Abstract. DOI.
Fezzi C, Hutchins M, Rigby D, Bateman IJ, Posen P, Hadley D, Deflandre-Vlandas A (2008). Integrated assessment of water framework directive nitrate reduction measures. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-34. Abstract.
Ferrini S, Fezzi C, Day BH, Bateman IJ (2008). Valuing spatially dispersed environmental goods: a joint revealed and stated preference model to consistently separate use and non-use values. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-25. Abstract.

2007

Fezzi C, Rigby D, Bateman IJ, Hadley D, Posen P (2007). Estimating the range of impacts arising from nitrate leaching reduction policies using farm accounts. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-31. Abstract.
Bateman IJ, Deflandre-Vlandas A, Fezzi C, Hadley D, Hutchins M, Lovett A, Posen P, Rigby D (2007). WFD related agricultural nitrate and phosphate leaching reduction options: Cost estimates derived from farm level survey data & a cost-effectiveness assessment for the Derwent catchment. Working Paper - Centre for Social and Economic Research on the Global Environment(1), 1-62. Abstract.