Research

Microeconomic theory — auctions, mechanism design and information economics.

Published papers (refereed)

2021 Multidimensional Bargaining and Posted Prices with Martin Hagen · Journal of Economic Theory, vol. 196 (2021)
2020 Cheap Talk and Strategic Rounding in Libor Submissions with Michael Tröege · Review of Financial Studies, vol. 33 (2020), pp. 2585–2621
2018 Inefficient Rushes in Auctions with Fabio Michelucci · Theoretical Economics, vol. 13 (2018), pp. 273–306
2017 On the Efficiency of the First Price Auction with Fabio Michelucci · Economics Letters, vol. 156 (2017), pp. 159–161
2015 The Dynamics of Bidding Markets with Financial Constraints with P. Beker · Journal of Economic Theory, vol. 155 (2015), pp. 234–261
2014 On the Optimality of Not Allocating with F. Michelucci · Economics Letters, vol. 125 (2014), pp. 233–235
2013 When Are Signals Complements or Substitutes? with Tilman Börgers and Daniel Krähmer · Journal of Economic Theory, vol. 148 (2013), pp. 165–195
2012 Comment on: “Auctions with a buy price: The case of reference-dependent preferences” Games and Economic Behavior, vol. 74 (2012), pp. 235–239
2011 Second Best Efficiency and The English Auction with Fabio Michelucci · Games and Economic Behavior, vol. 73(2) (2011), pp. 496–506
2011 The Insider's Curse with Michael Tröge · Games and Economic Behavior, vol. 71(2) (2011), pp. 339–350 · additional results
2009 Information Acquisition in Auctions: Sealed Bids vs. Open Bids Games and Economic Behavior, vol. 65 (2009), pp. 372–405
2006 On the Sub-Optimality of Entry Fees in Auctions with Entry Review of Economic Design, vol. 10(1) (2006), pp. 53–61
2005 Competition among Auctioneers in Large Markets Journal of Economic Theory, vol. 121(1) (2005), pp. 107–127
2004 Successful Uninformed Bidding Games and Economic Behavior, vol. 48(1) (2004), pp. 29–53
1998 Efectos del Análisis Crediticio sobre los Incentivos Empresariales Investigaciones Económicas, vol. XXII(3) (1998), pp. 361–392

Book chapters

Auctions in L. C. Corchón and M. A. Marini (eds), Handbook of Game Theory and Industrial Organization, Vol. 2, pp. 318–337. Edward Elgar

Working papers

Pooling Liquidity Pools in AMMs
The Simple Economics of Lemons
Bertrand Competition with Search Goods with José L. Moraga-González, Martin Obradovits and Giuseppe Pignataro

Research projects

I have led and participated in competitive research projects funded by Spanish national and regional agencies for over two decades. My research focuses on mechanism design, market design, industrial organization, auctions, information economics, and decentralized finance.

As Principal Investigator, I have led projects on mechanism design and benchmark design, digital finance and decentralized oracles, information diffusion, competition in bidding markets, and auction theory. I have also collaborated in large research projects led by scholars including Antonio Cabrales, Fernando Vega-Redondo, Juan José Dolado, Francesco De Sinopoli, and Luis C. Corchón, covering topics such as information, incentives, social networks, industrial organization, and market institutions.

Overall, I have participated in more than fifteen competitively funded research projects supported by the Spanish Ministry of Science and Innovation, the Community of Madrid, the Generalitat Valenciana, and the Instituto Valenciano de Investigaciones Econòmiques.

Conference presentations

I have presented my research at leading international conferences and workshops in economics, including meetings of the Econometric Society, the Society for the Advancement of Economic Theory (SAET), the European Economic Association (EEA), the Society for Economic Design (SED), and the European Association for Research in Industrial Economics (EARIE).

My work has been presented at conferences and invited workshops held in the United States, the United Kingdom, France, Italy, the Netherlands, Portugal, China, Vietnam, Denmark, Belgium, Greece, and Spain. Research topics include auction theory, mechanism design, bargaining, industrial organization, financial markets, benchmark manipulation, and information economics.

Overall, I have delivered more than 25 presentations, including several invited seminars and workshops at leading universities and research institutions.