Luis Corchón

65th Birthday

Education

• Ph.D. in Economics: London School of Economics.
• Ph. D. in Economics: Universidad Complutense.
• M.Sc. in Econometrics and Mathematical Economics: London School of Economics.
• B.A. in Economics: Universidad Complutense de Madrid.

Fields of Interest

• Game Theory.
• Industrial Organization.
• Mechanism Design.
• Political Economy.
• Economics of Conflict.

Working papers

• "Compensated Lindahl Equilibrium: Efficiency Theorems and Gains from Trade with Individual Production and Public Goods" (with  P. Hammond y J. Sempere)
• "Entry across Markets and Contests and Some Related Problems" (With R. Torregrosa).

Publications

Papers with Anonymous Referees

• "Folk Theorem under Bankruptcy" (Con C. Beviá y Y. Yasuda). Journal of Mathematical Economics, 112, June 2024
• "Dominant Strategies in Contests" (with C. Beviá). Economic Theory, 74, 4, 202. 2022.
• "Properties of Contests" (with M. Serena). Journal of Dynamics and Games, 9, 2, 202. 2022.
• "Two Extensions on Consumer Surplus" (with Ramón Torregrosa). SERIEs, 13, 557- 579, 2022
• "Cournot Equilibrium Revisited" (with Ramon Torregrosa). Mathematical Social Sciences, 106, 1-10, 2020.
• "Disequilibrium Trade in a Large Market for an Indivisible Good" (with José Rueda-LLano). The B.E. Journal of Theoretical Economics, De Gruyter, 20, 2, 1-16, 2020.
• "Oligopolistic Equilibrium and Financial Constraints" , (with C. Beviá y Y. Yasuda). Rand J. Economics 51, 1, 279-300, 2020
• "Technology transfer: Barriers and opportunities" , (with Clara Eugenia García). Journal of Dynamics and Games, 5, 4, 343-355, 2018 .
• "Imperfectly competitive markets, trade unions and inflation: Do imperfectly competitive markets transmit more inflation than perfectly competitive ones? A theoretical appraisal". Journal of Dynamics and Games, 5, 3, 189-201, 2018.
• "Growth in Illyria: The Role of Meritocracy in the Accumulation of Human Capital" (with Carmen Beviá). Mathematical Social Sciences 90 , 182-190, 2017.
• "Relinquishing Power, Exploitation and Political Unemployment in Democratic Organizations" , (with C. Beviá, y A. Romero-Medina). Social Choice and Welfare 49, 735-753, 2017.
  
• "Trade and growth: A simple model with not-so-simple implications" . Journal of Dynamics and Games, 2017, 4(2): 175-190. doi: 10.3934/jdg.2017010
• "Dynamic Contests with Bankruptcy: The Despair Effect" (with Carmen Beviá), B.E. Journal of Theoretical Economics 16, 1, 2016.
• "A Malthus-Swan-Solow Model of Economic Growth" , Journal of Dynamics and Games , 3, 3, 225-230, 2016.
• "Interpreting Markups in Spanish Manufacturing: The Exponential Model" (with Lourdes Moreno), En Equilibrium Theory for Cournot Oligopolies and Related Games , Springer Series in Game Theory, 2016.
• "Centralized vs Decentralized Contests" (with Carmen Bevia) . Economics Letters 137, 32-35, 2015.
• "Relative Difference Contest Success Function" (with C. Bevia) Theory and Decision , 78, 377-398, 2015
• "The Welfare Effects of Location and Quality in Oligopoly" (with G. Zudenkova). Previous title was "Welfare losses in models of horizontal and vertical differentiation" . The B.E. Journal of Economic Analysis and Policy (topics). 13, 2, 2013.
• "Give peace a chance: The effect of ownership and asymmetric information on peace" ( with Anil Yildizparlak), Journal of Economic Behavior and Organization . 92, 2013, 116-126
• “Endogenous Strength in Conflicts” (with Carmen Beviá), International Journal of  Industrial Organization , 31, 3, 195-306, 2013.
• "Price Regulation in Oligopoly" (with F.Marcos) International Scholarly Research Network ISRN Economics , 2012, Article ID 509165.
• "Welfare Maximizing Contest Success Functions when the Planner Cannot Commit" (with M. Dahm) Journal of Mathematical Economics, 47 , 3 , 2011 ,  Pages 309-317.
• "Implementation with State Dependent Feasible Sets and Preferences: A Renegotiation Approach" Social Choice and Welfare,  2011, 36, 2, 179-198. (with M. Triossi)
• "The Keynesian Multiplier and the Pigou Effect under substitution between Private and Public Consumption" Economics Bulletin, 30, 1, 829-836, 2010.
• "Peace Agreements without Commitment". Games and Economic Behavior 68, 469–487, 2010 (with C. Beviá)
• "Foundations for Contest Success Functions" Economic Theory , 43, 1 81-98, 2010 (with M. Dahm).
• "Computing Welfare Losses from Data under Imperfect Competition with Heterogeneous Goods" . International Journal of Industrial Organization. 27, 646-654, 2009. (with G. Zudenkova)
• "Cooperative Production and Efficiency". Mathematical Social Sciences , 57, 2, 143-154, 2009 (with C. Beviá).
• "Differentiable Strategy-Proof Mechanisms for Private and Public Goods in Domains that are not Necessarily Large or Quasi-Linear". Review of Economic Design, 12, 4, 279-291, 2008 (with J. Rueda-Llano).
• "Welfare Losses Under Cournot Competition". International Journal of Industrial Organization, 26, 5, 2008.
• "Forms of governance and the size of rent-seeking" Social Choice and Welfare , 30, 2, 197-210, 2008.
• "Instability and Trade in Currency Areas". Economics Letters , 94, 1, 71–75, 2007 (with A. Alonso y V. Guzman).
• "Credible Implementation" Games and Economic Behavior , 57, 1, 118-36, 2006, (with B. Chakravorty y S. Wilkie).
• "Rational Sabotage with Heterogeneous Agents". The B.E. Journals in Theoretical Economics , Topics. 6, 1, 2006 (with C. Bevia).
• "Monk Business: An Example in the Dynamics of Organizations". Social Choice and Welfare, 24, 3, pp. 543-556, 2005.
• "To Merge or not to Merge". Review of Economic Design , Vol 9, Número 1 Páginas: 11 - 30. 2004, (with R. Fauli-Oller).
• "A Decent Proposal". Spanish Economic Review , vol. 6(2) , pp. 107-125, 2004, (with C. Herrero).
• "The Long Run Keynesian Multiplier" Economics Bulletin , Vol. 5 no. 16 pp. 1-11. 2003.
• "An Experiment in Nash Implementation". Journal of Economic Behavior and Organization ,vol. 51 (2), Junio 2003, pp. 161-193, (with A. Cabrales y G. Charness).
• "Double Implementation of the Walrasian Correspondence by Market Games" Review of Economic Design , vol. 7, n. 4, pgs. 429-442, 2003 (with C. Bevia y S. Wilkie).
• "Comparative Statics in Cournot Free Entry Equilibrium". Mathematical Social Sciences , vol. 44, n. 2, pgs 155-168. 2002 (with I. Fradera)
• "Existence and Nash Implementation of Efficient Sharing Rules for a Commonly Owned Technology.". Social Choice and Welfare ,19 (2), pgs. 369-379, 2002, (with S. Puy).
• "The Scholarship Assigment Problem.". Games and Economic Behavior 38 (1), pgs 1-18, 2002, (with P. Amoros y B. Moreno).
• "A Proposal to Unify Some Concepts in the Theory of Fairness." Journal of Economic Theory , 101 (2), pgs 540-571, 2001, (with I. Iturbe-Ormaetxe).
• "Differentiable Comparative Statics with Payoff Functions not Differentiable Everywhere". Economics Letters , 72 (3), pp.397-401, 2001.
• "Second Best Trade Policies in Cournot Oligopoly." Spanish Economic Review , vol 3, n.2, pp. 81-96, Junio 2001, (with M. Gonzalez-Maestre).
• "The Allocative Effects of Rent-Seeking." Journal of Public Economic Theory 2(4): 483-491, Octubre 2000.
• "Contingent Commodities and Implementation.". Economics Letters , vol. 68 n, 3, pgs. 293-298, 2000, (with S. Chattopadhyay y J. Naeve).
• "On the Competitive Effects of Divisionalization." Mathematical Social Sciences 39(1): 71-80, Enero 2000, (with M. González-Maestre).
• "Pigouvian Taxes: A Strategic Approach." Journal of Public Economic Theory 1(2): 271-281, Abril 1999, (with J. Alcalde y B. Moreno).
• "Individual Rationality and Voting in Cooperative Production." Economics Letters 59: 83-90, 1998, (with S. Puy).
• "The Theory of Implementation when the Planner is a Player." Journal of Economic Theory 77(1): 15-33, 1997, (with S. Baliga y T. Sjostrom).
• "Doubly Implementing the Ratio Correspondence with a Natural Mechanism." Economic Design 2(3), 1996, (with S. Wilkie).
• "On the Stability of Best Reply and Gradient Systems with Applications to Imperfectly Competitive Models." Economics Letters 51: 59-65, 1996, (with A. Mas-Colell).
• "Robust Implementation Under Alternative Information Structures." Economic Design 1(2): 159-171, 1995, (with I. Ortuño).
• "On the Generic Impossibility of Truthful Behavior: A Simple Approach." Economic Theory 6: 365-371, 1995, (with C. Beviá).
• "Fixed Prices and Quality Signals." Mathematical Social Sciences 27: 49-58, 1994.
• "Comparative Statics for Aggregative Games: The Strong Concavity Case." Mathematical Social Sciences 28: 151-165, 1994.
• "Tax Evasion and the Underground Economy." European Journal of Political Economy 8: 445-454, 1992.
• "Oligopolistic Competition among Groups." Economics Letters 36: 1-3, 1991.
• "Monopolistic Competition: Equilibrium and Optimality." International Journal of Industrial Organization 9(3): 441-452, 1991.
• "Unemployment and Rationality." Scandinavian Journal of Economics 1: 99-107, 1990, (with J.A. Trujillo).
• "An Elementary Proof of the Existence of a Competitive Equilibrium in a Special Case." Quarterly Journal of Economics , 385-389, Mayo 1989, (with R. Barbolla).
• "Entry, Stackelberg Equilibrium and Reasonable Conjectures." International Journal of Industrial Organization IV: 509-515, 1988, (with F. Marcos).
• "Cost Prices with Variable Returns." Metroeconomica , 93-99, Enero 1988.

Books

• Handbook of Game Theory and Industrial Organization (editor with Marco Marini). Edward Elgar, 2018.
• Theories of Imperfectly Competitive Markets Springer Verlag. 1st edition in paperback September 1996. 2nd edition in hardcover, December 2000.
• The Theory of Implementation of Socially Optimal Decisions in Economics Macmillan, September 1996. "Addendum and Corrigendum"
• "Contests: Theory and Applications" (Cambridge University Press). Forthcoming.

Unpublished Papers

• "Manipulation in Oligopoly" , A summary of this paper has been published in Investigaciones Económicas, Suplemento , 177-180, 1990.
• "On the Non-cooperative Foundations of Cooperative Bargaining" (with K. Ritzberger)
• "On Natural Selection in Oligopolistic Markets" . A summary of this paper has been published in Investigaciones Económicas, 15 , Suplemento, 173-4, 1991.
• "Rational Sabotage in Cooperative Production" (with Carmen Beviá).
• "Reasonable Conjectures and the Kinked Demand Curve"
• "Computers, Productivity and Market Structure" (with S. Wilkie).
• "On the sustainability of the Welfare State"

Surveys

• "Aggregative Games". SERIEs, 12, 1, 2021.
• "Meritocracy, efficiency, incentives and voting in cooperative production: A survey" (with Carmen Beviá). Annals of Public and Cooperative Economics , 89, 1, 87-107, 2018.
• "A survey on the theory of Contests" , (with Marco Serena). Handbook of Game Theory and Industrial Organization , Edward Elgar, 2018.
• "The Theory of Implementation: What Did We Learn?". Encyclopedia of Complexity and Systems, Editor Meyers, Robert A. Springer, May 2009.
• "The Theory of Contests: A Survey". Review of Economic Design, 69-100, 11, n. 2, 2007.

Institution building

• Joint founder of Oligo Society https://www.oligo-society.org/ ) that organizes an annual congress -Oligoworkshop- since 2013.
• Joint founder of the Workshop of Madrid Educational Network that runs a bimonthly seminar in Madrid.

Membership of Editorial Boards

• Revista Española de Economía (1993- ).
• Journal of Public Economic Theory (1997-2016).
• Review of Economic Design (2001- ).
• Journal of Dynamics and Games (2015-).
• Mathematical Social Sciences (2020- ).

Membership of Program Comittees

• Member of Scientific Comittees:
  • VII Meeting de la South European Association of Economic Theory, Toledo December 1987.
  • Simposio Axiomatic Analysis of Resource Allocation, Montreal, May 1996.
  • Econometric Society European Meeting, Istanbul, August 1996.
  • Association of Public Economic Theory, Paris, July 2002.
  • EARIE 2009.
• Main Organiser:
  • "Oligoworkshop". Madrid, June 2015
  • "Game Theory and Applications", U. Menendez Pelayo, Alicante 1990.
  • "Implementation Theory", 1992, U. de Alicante.
  • "Industrial Economics", 1993, U. de Alicante.
  • "Social Choice", 1994, Universidad de Alicante.
  • "European Workshop on General Equilibrium Theory", Manresa, May 1998.

Awards

• Bank of Spain: Ph. D. studies, 1976-8, 81-83 (London School of Economics).
• Research Grant, Ministry of Education, 1981-2.
• Fundación Empresa Pública: Research Grants, 1985 and 1988.
• Instituto de Estudios Fiscales: Research Grant, 1987.
• Fulbright Scholarship, 1989 (U. of Rochester).
• CAICYT and DGICYT: Head of a project: 1989-91, 1992-3, 1994-6, 1999-2002, 2002-2005, 2005-08, 2009-2011.
• Scholarship for Visiting, Generalitat of Valencia: 1990 (U. of California), 1991 (Bellcore), 1994 (Harvard U.).
• Instituto Valenciano de Estudios e Investigación. Research Grant (head of the project), 1990.
• Integrated Action with the U. of Bielefeld. Implementation Theory (head of the project), 1991-2, 1992-3 and 1993-4.
• Erasmus, jointly with the U. of Bielefeld 1991.
• Integrated Action with U. of Manchester 1991.
• SPES Program with the U. of Bielefeld 1991.
• Ministry of Foreign Office 1991 (Indian Statistical Institute, Delhi).
• INTAS, for the cooperation with former members of the USSR, 1995.
• Awards obtained by students : 6 from the National Research Plan, and 1 from TMR.
• Research Award, Universidad Carlos III, 2001-3, 2003-5, 2005-07 and 2007-09.
• BBVA Scholarship for the study of technological transfers aspects. (head of the project).
• Two internal program scholarships for the Universidad Carlos III. (head of the project).
• Comunidad de Madrid Scholarship, for the study of the effects of the introduction of Euro (head of the project).

PH. D. Students

1. Félix Marcos, U. Complutense, Madrid 1982. Jointly published with me in the International Journal of Industrial Organization .
2. Miguel González-Maestre, U. of Alicante 1993. Louis Chalboud Award (U. of Deusto) to the best dissertation in IO. Published in Revista Española de Economía, International Journal of Industrial Organization and jointly with me in the Spanish Economic Review and Mathematical Social Sciences .
3. Carmen Beviá, U. of Alicante, 1994. Award to the best thesis (U. of Alicante). Published in Social Choice and Welfare, Economics Letters, Mathematical Social Sciences, Review of Economic Design and jointly with me in Economic Theory .
4. Ramón Torregrosa, U. of Alicante, 1994. Published in Revista Española de Economía, Public Finance Review and Economics Letters .
5. Bernardo Moreno, U. of Alicante, 1997.Published in Economics Letters , jointly published with me and J. Alcalde in the Journal of Public Economic Theory , jointly with P. Amorós in Review of Economic Design and jointly with me and P. Amorós in Games and Economic Behavior .
6. Pablo Amorós, U. of Alicante, 1997. Published in Economics Letters, Social Choice and Welfare , jointly with B. Moreno in Review of Economic Design and jointly with me and B. Moreno in Games and Economic Behavior.
7. Socorro Puy (main advisor Ignacio Ortuño-Ortín), U. de
   Alicante 1998. Published in Journal of Public Economic Theory (twice) and jointly with me in Social Choice and Welfare and Economics Lettes.
   
8. Jose Rueda, U. Carlos III, 2003, jointly published with me in Review of Economic Design.
9. Matteo Triossi, U. Carlos III, 2006 (jointly with A. Romero-Medina). Award to the best thesis. Published in Games and Economic Behavior and jointly with me in Social Choice and Welfare .
10. Carlos Gonzalez Pimienta , U. Carlos III, 2007 (jointly with Francesco de Sinopoli). Award to the best thesis. Published in Economic Theory and in Games and Economic Behavior (a solo paper and a joint paper with F. Sinopoli).
11. Galina Zudenkova, U. Carlos III (jointly with Ignacio Ortuño-Ortín), 2010. Award to the best thesis. Published in the Journal of Public Economics and jointly with me in the International Journal of Industrial Organization and The B.E. Journal of Economic Analysis and Policy.
12. Anil Yildizparlak. U. Carlos III. 2014. Award to the best thesis: Published in the Journal of Sports Economics and jointly with me in the Journal of Economic Behavior and Organization .
13. Marco Serena. U. Carlos III. 2017. Published in the European Journal of Political Economy and Public Choice (2) .
14. Federico Masera. U. Calor III, 2017. Published in The Journal of Law, Economics, & Organization and The Journal of Economic Behavior & Organization.
15. Michele Rosenberg. U. Carlos III. 2020 (jointly with Irma Clots-Figueres).
    

Other Merits

• Member of the scientific committee of GADEA a non profit organization for the development of science in Spain
• Member (1991) and Chairman (1992) of the National Comission to Evaluate Academic Research in the area of economics.
• Member of the National Comission to evaluate the profession of economist, 1999-2007.
• My biography appears in editions 16, 17, 18 y 19 of Marquis Who's Who in the World.
• Chairman of the Economics Department of Universidad Carlos III, 2004-7.
• Invited editor of a special issue of Mathematical Social Sciences in Industrial Organization.