arXiv subjects

Fabio Pammolli

Publications and source records attributed to Fabio Pammolli.

At least 19 recordsLinked to original sources

arXiv2024

The disruption index suffers from citation inflation and is confounded by shifts in scholarly citation practice

Measuring the rate of innovation in academia and industry is fundamental to monitoring the efficiency and competitiveness of the knowledge economy. To this end, a disruption index (CD) was recently developed and applied to publication and patent citation networks (Wu et al., Nature 2019; Park et al., Nature 2023). Here we show that CD systematically decreases over time due to secular growth in research and patent production, following two distinct mechanisms unrelated to innovation -- one behavioral and the other structural. Whereas the behavioral explanation reflects shifts associated with techno-social factors (e.g. self-citation practices), the structural explanation follows from `citation inflation' (CI), an inextricable feature of real citation networks attributable to increasing reference list lengths, which causes CD to systematically decrease. We demonstrate this causal link by way of mathematical deduction, computational simulation, multi-variate regression, and quasi-experimental comparison of the disruptiveness of PNAS versus PNAS Plus articles, which differ only in their lengths. Accordingly, we analyze CD data available in the SciSciNet database and find that disruptiveness incrementally increased from 2005-2015, and that the negative relationship between disruption and team-size is remarkably small in overall magnitude effect size, and shifts from negative to positive for team size $\geq$ 8 coauthors.

cs.DL↗

arXiv2023

The disruption index is biased by citation inflation

A recent analysis of scientific publication and patent citation networks by Park et al. (Nature, 2023) suggests that publications and patents are becoming less disruptive over time. Here we show that the reported decrease in disruptiveness is an artifact of systematic shifts in the structure of citation networks unrelated to innovation system capacity. Instead, the decline is attributable to 'citation inflation', an unavoidable characteristic of real citation networks that manifests as a systematic time-dependent bias and renders cross-temporal analysis challenging. One driver of citation inflation is the ever-increasing lengths of reference lists over time, which in turn increases the density of links in citation networks, and causes the disruption index to converge to 0. A second driver is attributable to shifts in the construction of reference lists, which is increasingly impacted by self-citations that increase in the rate of triadic closure in citation networks, and thus confounds efforts to measure disruption, which is itself a measure of triadic closure. Combined, these two systematic shifts render the disruption index temporally biased, and unsuitable for cross-temporal analysis. The impact of this systematic bias further stymies efforts to correlate disruption to other measures that are also time-dependent, such as team size and citation counts. In order to demonstrate this fundamental measurement problem, we present three complementary lines of critique (deductive, empirical and computational modeling), and also make available an ensemble of synthetic citation networks that can be used to test alternative citation-based indices for systematic bias.

cs.DL↗

arXiv2021

Effects of mobility restrictions during COVID19 in Italy

To reduce the spread and the effect of the COVID-19 global pandemic, non-pharmaceutical interventions (NPIs) have been adopted on multiple occasions by governments. In particular lockdown policies, i.e., generalized mobility restrictions, have been employed to fight the first wave of the pandemic. We analyze data reflecting mobility levels over time in Italy before, during and after the national lockdown, in order to assess some direct and indirect effects. By applying methodologies based on percolation and network science approaches, we find that the typical network characteristics, while very revealing, do not tell the whole story. In particular, the Italian mobility network during lockdown has been damaged much more than node- and edge-level metrics indicate. Additionally, many of the main Provinces of Italy are affected by the lockdown in a surprisingly similar fashion, despite their geographical and economic dissimilarity. Based on our findings we offer an approach to estimate unavailable high-resolution economic dimensions, such as real time Province-level GDP, based on easily measurable mobility information.

physics.soc-ph↗

arXiv2021

Time, Space and Social Interactions: Exit Mechanisms for the Covid-19 Epidemics

We develop a minimalist compartmental model to study the impact of mobility restrictions in Italy during the Covid-19 outbreak. We show that an early lockdown shifts the epidemic in time, while that beyond a critical value of the lockdown strength, the epidemic tend to restart after lifting the restrictions. As a consequence, specific mitigation strategies must be introduced. We characterize the relative importance of different broad strategies by accounting for two fundamental sources of heterogeneity, i.e. geography and demography. First, we consider Italian regions as separate administrative entities, in which social interactions between age classs occur. Due to the sparsity of the inter-regional mobility matrix, once started the epidemics tend to develop independently across areas, justifying the adoption of solutions specific to individual regions or to clusters of regions. Second, we show that social contacts between age classes play a fundamental role and that measures which take into account the age structure of the population can provide a significant contribution to mitigate the rebound effects. Our model is general, and while it does not analyze specific mitigation strategies, it highlights the relevance of some key parameters on non-pharmaceutical mitigation mechanisms for the epidemics.

physics.soc-ph↗

arXiv2020

A Public-Private Insurance Model for Natural Risk Management: an Application to Seismic and Flood Risks on Residential Buildings in Italy

This paper proposes a public-private insurance scheme for earthquakes and floods in Italy in which property-owners, the insurer and the government co-operate in risk financing. Our model departs from the existing literature by describing a public-private insurance intended to relieve the financial burden that natural events place on governments, while at the same time assisting individuals and protecting the insurance business. Hence, the business is aiming at maximizing social welfare rather than profits. Given the limited amount of data available on natural risks, expected losses per individual have been estimated through risk-modeling. In order to evaluate the insurer's loss profile, spatial correlation among insured assets has been evaluated by means of the Hoeffding bound for r-dependent random variables. Though earthquakes generate expected losses that are almost six times greater than floods, we found that the amount of public funds needed to manage the two perils is almost the same. We argue that this result is determined by a combination of the risk aversion of individuals and the shape of the loss distribution. Lastly, since earthquakes and floods are uncorrelated, we tested whether jointly managing the two perils can counteract the negative impact of spatial correlation. Some benefit from risk diversification emerged, though the probability of the government having to inject further capital might be considerable. Our findings suggest that, when not supported by the government, private insurance might either financially over-expose the insurer or set premiums so high that individuals would fail to purchase policies.

econ.GN↗

arXiv2020

Human Mobility in Response to COVID-19 in France, Italy and UK

The policies implemented to hinder the COVID-19 outbreak represent one of the largest critical events in history. The understanding of this process is fundamental for crafting and tailoring post-disaster relief. In this work we perform a massive data analysis, through geolocalized data from 13M Facebook users, on how such a stress affected mobility patterns in France, Italy and UK. We find that the general reduction of the overall efficiency in the network of movements is accompanied by geographical fragmentation with a massive reduction of long-range connections. The impact, however, differs among nations according to their initial mobility structure. Indeed, we find that the mobility network after the lockdown is more concentrated in the case of France and UK and more distributed in Italy. Such a process can be approximated through percolation to quantify the substantial impact of the lockdown.

cs.SI↗

arXiv2020

Evidence of economic segregation from mobility lockdown during COVID-19 epidemic

In response to the COVID-19 pandemic, National governments have applied lockdown restrictions to reduce the infection rate. We perform a massive analysis on near real-time Italian data provided by Facebook to investigate how lockdown strategies affect economic conditions of individuals and local governments. We model the change in mobility as an exogenous shock similar to a natural disaster. We identify two ways through which mobility restrictions affect Italian citizens. First, we find that the impact of lockdown is stronger in municipalities with higher fiscal capacity. Second, we find a segregation effect, since mobility restrictions are stronger in municipalities for which inequality is higher and where individuals have lower income per capita.

physics.soc-ph↗

arXiv2018

Better to stay apart: asset commonality, bipartite network centrality, and investment strategies

By exploiting a bipartite network representation of the relationships between mutual funds and portfolio holdings, we propose an indicator that we derive from the analysis of the network, labelled the Average Commonality Coefficient (ACC), which measures how frequently the assets in the fund portfolio are present in the portfolios of the other funds of the market. This indicator reflects the investment behavior of funds' managers as a function of the popularity of the assets they held. We show that $ACC$ provides useful information to discriminate between funds investing in niche markets and those investing in more popular assets. More importantly, we find that $ACC$ is able to provide indication on the performance of the funds. In particular, we find that funds investing in less popular assets generally outperform those investing in more popular financial instruments, even when correcting for standard factors. Moreover, funds with a low $ACC$ have been less affected by the 2007-08 global financial crisis, likely because less exposed to fire sales spillovers.

q-fin.PM↗

arXiv2016

The Memory of Science: Inflation, Myopia, and the Knowledge Network

Science is a growing system, exhibiting ~4% annual growth in publications and ~1.8% annual growth in the number of references per publication. Combined these trends correspond to a 12-year doubling period in the total supply of references, thereby challenging traditional methods of evaluating scientific production, from researchers to institutions. Against this background, we analyzed a citation network comprised of 837 million references produced by 32.6 million publications over the period 1965-2012, allowing for a temporal analysis of the `attention economy' in science. Unlike previous studies, we analyzed the entire probability distribution of reference ages - the time difference between a citing and cited paper - thereby capturing previously overlooked trends. Over this half-century period we observe a narrowing range of attention - both classic and recent literature are being cited increasingly less, pointing to the important role of socio-technical processes. To better understand the impact of exponential growth on the underlying knowledge network we develop a network-based model, featuring the redirection of scientific attention via publications' reference lists, and validate the model against several empirical benchmarks. We then use the model to test the causal impact of real paradigm shifts, thereby providing guidance for science policy analysis. In particular, we show how perturbations to the growth rate of scientific output affects the reference age distribution and the functionality of the vast science citation network as an aid for the search & retrieval of knowledge. In order to account for the inflation of science, our study points to the need for a systemic overhaul of the counting methods used to evaluate citation impact - especially in the case of evaluating science careers, which can span several decades and thus several doubling periods.

cs.DL↗

arXiv2016

The Accounting Network: how financial institutions react to systemic crisis

The role of Network Theory in the study of the financial crisis has been widely spotted in the latest years. It has been shown how the network topology and the dynamics running on top of it can trigger the outbreak of large systemic crisis. Following this methodological perspective we introduce here the Accounting Network, i.e. the network we can extract through vector similarities techniques from companies' financial statements. We build the Accounting Network on a large database of worldwide banks in the period 2001-2013, covering the onset of the global financial crisis of mid-2007. After a careful data cleaning, we apply a quality check in the construction of the network, introducing a parameter (the Quality Ratio) capable of trading off the size of the sample (coverage) and the representativeness of the financial statements (accuracy). We compute several basic network statistics and check, with the Louvain community detection algorithm, for emerging communities of banks. Remarkably enough sensible regional aggregations show up with the Japanese and the US clusters dominating the community structure, although the presence of a geographically mixed community points to a gradual convergence of banks into similar supranational practices. Finally, a Principal Component Analysis procedure reveals the main economic components that influence communities' heterogeneity. Even using the most basic vector similarity hypotheses on the composition of the financial statements, the signature of the financial crisis clearly arises across the years around 2008. We finally discuss how the Accounting Networks can be improved to reflect the best practices in the financial statement analysis.

q-fin.GN↗

arXiv2015

Disambiguation of Patent Inventors and Assignees Using High-Resolution Geolocation Data

Patent data represent a significant source of information on innovation and the evolution of technology through networks of citations, co-invention and co-assignment of new patents. A major obstacle to extracting useful information from this data is the problem of name disambiguation: linking alternate spellings of individuals or institutions to a single identifier to uniquely determine the parties involved in the creation of a technology. In this paper, we describe a new algorithm that uses high-resolution geolocation to disambiguate both inventor and assignees on more than 3.6 million patents found in the European Patent Office (EPO), under the Patent Cooperation treaty (PCT), and in the US Patent and Trademark Office (USPTO). We show that our algorithm has both high precision and recall in comparison to a manual disambiguation of EPO assignee names in Boston and Paris, and show it performs well for a benchmark of USPTO inventor names that can be linked to a high-resolution address (but poorly for inventors that never provided a high quality address). The most significant benefit of this work is the high quality assignee disambiguation with worldwide coverage coupled with an inventor disambiguation that is competitive with other state of the art approaches. To our knowledge this is the broadest and most accurate simultaneous disambiguation and cross-linking of the inventor and assignee names for a significant fraction of patents in these three major patent collections.

cs.DL↗

arXiv2014

Reputation and Impact in Academic Careers

Reputation is an important social construct in science, which enables informed quality assessments of both publications and careers of scientists in the absence of complete systemic information. However, the relation between reputation and career growth of an individual remains poorly understood, despite recent proliferation of quantitative research evaluation methods. Here we develop an original framework for measuring how a publication's citation rate $Δc$ depends on the reputation of its central author $i$, in addition to its net citation count $c$. To estimate the strength of the reputation effect, we perform a longitudinal analysis on the careers of 450 highly-cited scientists, using the total citations $C_{i}$ of each scientist as his/her reputation measure. We find a citation crossover $c_{\times}$ which distinguishes the strength of the reputation effect. For publications with $c < c_{\times}$, the author's reputation is found to dominate the annual citation rate. Hence, a new publication may gain a significant early advantage corresponding to roughly a 66% increase in the citation rate for each tenfold increase in $C_{i}$. However, the reputation effect becomes negligible for highly cited publications meaning that for $c\geq c_{\times}$ the citation rate measures scientific impact more transparently. In addition we have developed a stochastic reputation model, which is found to reproduce numerous statistical observations for real careers, thus providing insight into the microscopic mechanisms underlying cumulative advantage in science.

physics.soc-ph↗

arXiv2014

Network communities within and across borders

We investigate the impact of borders on the topology of spatially embedded networks. Indeed territorial subdivisions and geographical borders significantly hamper the geographical span of networks thus playing a key role in the formation of network communities. This is especially important in scientific and technological policy-making, highlighting the interplay between pressure for the internationalization to lead towards a global innovation system and the administrative borders imposed by the national and regional institutions. In this study we introduce an outreach index to quantify the impact of borders on the community structure and apply it to the case of the European and US patent co-inventors networks. We find that (a) the US connectivity decays as a power of distance, whereas we observe a faster exponential decay for Europe; (b) European network communities essentially correspond to nations and contiguous regions while US communities span multiple states across the whole country without any characteristic geographic scale. We confirm our findings by means of a set of simulations aimed at exploring the relationship between different patterns of cross-border community structures and the outreach index.

physics.soc-ph↗

arXiv2013

Is Europe Evolving Toward an Integrated Research Area?

An integrated European Research Area (ERA) is a critical component for a more competitive and open European R&D system. However, the impact of EU-specific integration policies aimed at overcoming innovation barriers associated with national borders is not well understood. Here we analyze 2.4 x 10^6 patent applications filed with the European Patent Office (EPO) over the 25-year period 1986-2010 along with a sample of 2.6 x 10^5 records from the ISI Web of Science to quantitatively measure the role of borders in international R&D collaboration and mobility. From these data we construct five different networks for each year analyzed: (i) the patent co-inventor network, (ii) the publication co-author network, (iii) the co-applicant patent network, (iv) the patent citation network, and (v) the patent mobility network. We use methods from network science and econometrics to perform a comparative analysis across time and between EU and non-EU countries to determine the "treatment effect" resulting from EU integration policies. Using non-EU countries as a control set, we provide quantitative evidence that, despite decades of efforts to build a European Research Area, there has been little integration above global trends in patenting and publication. This analysis provides concrete evidence that Europe remains a collection of national innovation systems.

physics.soc-ph↗

arXiv2012

Persistence and Uncertainty in the Academic Career

Understanding how institutional changes within academia may affect the overall potential of science requires a better quantitative representation of how careers evolve over time. Since knowledge spillovers, cumulative advantage, competition, and collaboration are distinctive features of the academic profession, both the employment relationship and the procedures for assigning recognition and allocating funding should be designed to account for these factors. We study the annual production n_{i}(t) of a given scientist i by analyzing longitudinal career data for 200 leading scientists and 100 assistant professors from the physics community. We compare our results with 21,156 sports careers. Our empirical analysis of individual productivity dynamics shows that (i) there are increasing returns for the top individuals within the competitive cohort, and that (ii) the distribution of production growth is a leptokurtic "tent-shaped" distribution that is remarkably symmetric. Our methodology is general, and we speculate that similar features appear in other disciplines where academic publication is essential and collaboration is a key feature. We introduce a model of proportional growth which reproduces these two observations, and additionally accounts for the significantly right-skewed distributions of career longevity and achievement in science. Using this theoretical model, we show that short-term contracts can amplify the effects of competition and uncertainty making careers more vulnerable to early termination, not necessarily due to lack of individual talent and persistence, but because of random negative production shocks. We show that fluctuations in scientific production are quantitatively related to a scientist's collaboration radius and team efficiency.

physics.soc-ph↗

arXiv2012

The Evolution of Complex Networks: A New Framework

We introduce a new framework for the analysis of the dynamics of networks, based on randomly reinforced urn (RRU) processes, in which the weight of the edges is determined by a reinforcement mechanism. We rigorously explain the empirical evidence that in many real networks there is a subset of "dominant edges" that control a major share of the total weight of the network. Furthermore, we introduce a new statistical procedure to study the evolution of networks over time, assessing if a given instance of the nework is taken at its steady state or not. Our results are quite general, since they are not based on a particular probability distribution or functional form of the weights. We test our model in the context of the International Trade Network, showing the existence of a core of dominant links and determining its size.

physics.soc-ph↗

arXiv2009

The Size Variance Relationship of Business Firm Growth Rates

The relationship between the size and the variance of firm growth rates is known to follow an approximate power-law behavior $σ(S) \sim S^{-β(S)}$ where $S$ is the firm size and $β(S)\approx 0.2$ is an exponent weakly dependent on $S$. Here we show how a model of proportional growth which treats firms as classes composed of various number of units of variable size, can explain this size-variance dependence. In general, the model predicts that $β(S)$ must exhibit a crossover from $β(0)=0$ to $β(\infty)=1/2$. For a realistic set of parameters, $β(S)$ is approximately constant and can vary in the range from 0.14 to 0.2 depending on the average number of units in the firm. We test the model with a unique industry specific database in which firm sales are given in terms of the sum of the sales of all their products. We find that the model is consistent with the empirically observed size-variance relationship.

q-fin.ST↗

arXiv2008

Structure of Business Firm Networks and Scale-Free Models

We study the structure of business firm networks and scale-free models with degree distribution $P(q) \propto (q+c)^{-λ}$ using the method of $k$-shell decomposition.We find that the Life Sciences industry network consist of three components: a ``nucleus,'' which is a small well connected subgraph, ``tendrils,'' which are small subgraphs consisting of small degree nodes connected exclusively to the nucleus, and a ``bulk body'' which consists of the majority of nodes. At the same time we do not observe the above structure in the Information and Communication Technology sector of industry. We also conduct a systematic study of these three components in random scale-free networks. Our results suggest that the sizes of the nucleus and the tendrils decrease as $λ$ increases and disappear for $λ\geq 3$. We compare the $k$-shell structure of random scale-free model networks with two real world business firm networks in the Life Sciences and in the Information and Communication Technology sectors. Our results suggest that the observed behavior of the $k$-shell structure in the two industries is consistent with a recently proposed growth model that assumes the coexistence of both preferential and random agreements in the evolution of industrial networks.

physics.soc-ph↗