Working Papers
• Stress test precision and bank competition
(with Tuomas Takalo), Bank of Finland Research Discussion Paper 3/2024. (
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" General Equilibrium, Welfare and Policy when Firms have Market Power (with E.
Petrakis), uc3m working paper 2024-02.
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The Non-Neutrality of the Arm's Length Principle with Imperfect Competition (with Ana B.
Lemus)
,
Universidad Carlos III de Madrid Working Paper 18-06.
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Publications
"
Precision of Public Information Disclosures, Banks' Stability and Welfare
(with Tuomas Takalo),
Journal of Money, Credit and Banking
, forthcoming.
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" Stress Test Precision and Bank Competition (with T. Takalo), Economics Letters
(2024
) 238, 111702.
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" The Impact on Market Outcomes of the Portfolio Selection of Large Equity Investors
(with E. Petrakis), Economics Letters (2022) 212, 110296.
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" The Interactions of R&D Investments and Horizontal Mergers (with Christos
Cabolis, Constantine Manasakis and Emmanuel Petrakis),
Journal of Economic Behavior and Organization
(2021) 187: 507-534
.
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"
Continuity and Robustness of Bayesian Equilibria in Tullock Contests (with Ezra Einy and
Aner Sela),
Economic Theory Bulletin
(2020) 8: 333-345.
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Strategic Incentives for Keeping One Set of Books under the Arm's Length Principle
(with Ana B. Lemus),
Mathematical Social Sciences
(2020) 106: 78-90
.
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" Information in Tullock Contests
(with Avishay Aiche, Ezra Einy, Ori Haimanko, Aner Sela and
Benyamin
Shitovitz),
Theory and Decision
, (2019) 69: 303-323
.
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" Tullock Contests Reward Information Advantages
(with Avishay Aiche, Ezra Einy, Ori Haimanko, Aner Sela and
Benyamin
Shitovitz),
Economics Letters
(2018) 172: 34-36.
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" The Value of Public Information in Common Value Tullock Contests
(with Ezra Einy and
Benyamin
Shitovitz)
,
Economic Theory
(2017)
63: 925-942.
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Reserve Prices in Auctions with Entry when the Seller is Risk Averse (with John
Wooders),
Economics Letters
(2017) 154: 6-9.
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" Price Cap Regulation with Capacity Precommitment (con Ana B. Lemus),
International Journal of Industrial Organization
(2017) 50: 131"158.
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Optimal bank transparency (with Tuomas Takalo),
Journal of Money, Credit and Banking
(2016) 48, 203-231.
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Dynamic Markets for Lemons: Performance, Liquidity, and Policy Intervention (with John
Wooders),
Theoretical Economics
(2016) 11, 601-639.
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"
Equilibrium Existence in Tullock Contests with Incomplete Information
(with Ezra Einy, Ori Haimanko, Aner Sela and
Benyamin
Shitovitz),
Journal of Mathematical Economics
(2015) 61: 241-245.
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Strategy-proof allocation mechanisms for economies with public goods (with Mar"a Jos"
Moscoso),
Economic Theory
(2013) 52: 315-336.
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Auctions with heterogeneous entry costs (with John Wooders),
RAND Journal of Economics
, (2011) 42: 313"336.
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On the existence of Bayesian Cournot equilibrium (
with Ezra Einy, Ori Haimanko and
Benyamin
Shitovitz),
Games and Economic Behavior
(2010) 68: 77-94.
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" Decentralized trade mitigates the lemons problem (with John Wooders),
International Economic Review
(2010) 51: 383-399.
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The companion working paper:
UC3M-wp2007-12
)
" Uniform continuity of the value for zero-sum games with differential
information (with Ezra Einy, Ori Haimanko and
Benyamin
Shitovitz),
Mathematics of Operations Research
(2008) 33: 552-560.
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" Capacity precommitment and price competition yield Cournot outcomes (with Luis
Ubeda),
Games and Economic Behavior
(2006) 56: 323-332.
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" On the continuity of equilibrium and core correspondences in economies with
differential information (with Ezra Einy, Ori Haimanko, and
Benyamin
Shitovitz),
Economic Theory
(2005) 26: 793 - 812.
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" Coalition-proof supply function equilibria in oligopoly (with Juan Delgado),
Journal of Economic Theory
(2004) 114: 231-254.
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" The value of public information in Cournot oligopoly (with Ezra Einy and
Benyamin
Shitovitz),
Games and Economic Behavior
(2003) 44: 272-285.
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" Information advantage in Cournot oligopoly (with Ezra Einy and
Benyamin
Shitovitz),
Journal of Economic Theory
(2002) 106: 151-160.
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" Prices, delay and the dynamics of trade (with John Wooders),
Journal of Economic Theory
(2002) 104: 304-339.
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" The bargaining set of a large exchange economy with differential information
(with Ezra Einy and
Benyamin
Shitovitz),
Economic Theory
(2001) 18: 473-484.
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" Competitive and core allocations in large economies with differential
information (with Ezra Einy and
Benyamin
Shitovitz),
Economic Theory
(2001) 18: 321-332.
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" On the core of an economy with differential information (with Ezra Einy and
Benyamin
Shitovitz),
Journal of Economic Theory
(2000) 94: 262-270.
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Rational expectations equilibria and the ex-post core of an economy with asymmetric
information (with Ezra Einy and
Benyamin
Shitovitz),
Journal of Mathematical Economics
(2000), 34: 527-535.
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" Strategy-proof allocation mechanisms for pure public goods economies when
preferences are monotonic,
Economic Theory
(1999) 13: 183-197.
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" The asymptotic nucleolus of large monopolistic market games (with Ezra Einy and
Benyamin
Shitovitz),
Journal of Economic Theory
(1999), 89: 186-206.
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" The core of a class of non-atomic games which arise in economic applications (with
Ezra Einy and Benyamin Shitovitz),
International Journal of Game Theory
(1999) 28: 1-14.
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" The least core, kernel, and bargaining sets of large games (with Ezra Einy and Dov
Monderer),
Economic Theory
(1998) 11: 585-602.
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" An experimental study of communication and cooperation in noncooperative games
(with John Wooders),
Games and Economic Behavior
(1998) 24: 47-76.
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" Coalition-proof equilibrium (with John Wooders),
Games and Economic Behavior
(1996) 17: 80-112.
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" Convergence theorems for a class of recursive stochastic algorithms (with Mark
Walker). In J. Ledyard (Ed.):
The Economics of Informational Decentralization: Complexity, Efficiency and Stability
; Kluwer Academic Publisher, Amsterdam, 1995.
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" Two problems in applying Ljung's `projection algorithms' to the analysis of
decentralized learning (with Mark Walker),
Journal of Economic Theory
(1994) 62: 420-427.
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" Nonmanipulable decision mechanisms for economic environments,
Social Choice and Welfare
(1994) 11: 225-240.
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" Nonmanipulable voting schemes when participants' interests are partially
decomposable (with Mark Walker),
Social Choice and Welfare
(1991) 8: 221-233.
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