Microeconomics at CEMFI

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The microeconomics group at CEMFI covers several areas of research including industrial organization, microeconomic theory, energy economics, or behavioral economics. The members of this group make contributions that are both theoretical and empirical in nature and have been published in top journals. This group organizes the FIRMS seminar, which serves as a meeting hub for researchers in the Madrid area. On top of that, this group organizes the microeconomics workshop, where our PhD students present their own research, as well as recent research in their areas of interest. Members of the group are affiliated with other research centers and networks, such as the Centre for Economic Policy Research (CEPR) and they hold multiple grants from Spanish funding agencies and private institutions. We invite you to learn more about the Microeconomics group at CEMFI below.
Researchers

Gerard Llobet
Associate Professor with Tenure

Álvaro Sánchez-Leache
PhD student

Andrea Guccione
PhD student

Susanna Esteban
Associate Professor with Tenure

Guillermo Caruana
Associate Professor with Tenure

Milena Almagro
Associated Faculty

Daniel Fernández
PhD student

Tao Wang
PhD student

Wisse Rutgers
PhD student
Seminars series
FEB
FIRMS Seminar
Juan Dubra (Universidad de Montevideo) presents "Incentives and Burnout: Dynamic Compensation Design With Effort Cost Spillover"
MAR
FIRMS Seminar
Sebastian Tebbe (University of Melbourne) presents "The More the Merrier? Behavioral Responses to Expanding Electric Vehicle Charging at the Workplace"
MAR
FIRMS Seminar
Matthew Mitchell (Rotman School of Managent) presents "TBA"
MAR
FIRMS Seminar
joint MadMac - Bruno Pellegrino (Columbia Business School) presents "New Products" (joint with Abhiroop Mukherjee, Alminas Zaldokas, Yiman Ren and Tomas Thornquist)
MAR
FIRMS Seminar
Chiara Fumagalli (Università Bocconi) presents "Shelving or developing? Optimal policy for mergers with potential competitors"
Recent publications of this research line
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Gerard Llobet and Damien Neven,
Investment and patent licensing in the value chain,
Journal of Competition Law and Economics, (2023), 527-555. -
Natalia Fabra and Gerard Llobet,
Auctions with Privately Known Capacities,
The Economic Journal, (2023), 1106–1146. -
Gerard Llobet and Jorge Padilla,
A Theory of Socially-Inefficient Patent Holdout,
Journal of Economics and Management Strategy, (2023), 424-449. -
Gerard Llobet and Jorge Padilla,
Royalty Stacking and Validity Challenges: The Inverse Cournot Effect,
Journal of Industrial Economics, (2023), 593-625.
Research grants
Contributions in Applied Microeconomics (CIAM) (Ministerio de Ciencia e Innovación, 2022-2025)
Researchers: Gerard Llobet (Co-PI), Pedro Mira (Co-PI), Tom Zohar, Guillermo Caruana.