Recent working papers:

“Exchange Competition, Entry, and Welfare” (with G. Cespa).

Oligopoly, Macroeconomic Performance, and Competition Policy” (with J. Azar).

“Costly Interpretation of Asset Prices” (with L. Yang).

“High Frequency Trading and Fragility” (with G. Cespa).

“Market Power and Welfare in Asymmetric Divisible Good Auctions” (with C. Manzano).

“Supply Function Competition, Private Information, and Market Power: A Laboratory Study” (with A. Bayona and J. Brandts), R&R at The Economic Journal.


Selected recent publications and forthcoming:

“Overlapping Ownership, R&D Spillovers and Antitrust Policy” & Online Appendix & Web simulation (with A. López), forthcoming at Journal of Political Economy.

“Endogenous Public Information and Welfare in Market Games”, Review of Economic Studies, 2017.

“The Beauty Contest and Short-term Trading”, (with G. Cespa), Journal of Finance, 2015.

On the Possibility of Informationally Efficient Markets”Journal of the European Economic Association, 2014.


Recent opinion articles:

La crisis de la democracia liberal, La Vanguardia, 31/05/2018

A rationale for the Tobin tax”, VoxEu.org, 14/02/2017.

Banking regulatory reform: The way forward”, VoxEU.org, 6/12/2016.

The Promise of Bank Mergers”, Project Syndicate, 23/09/2016.



President of EARIE, European Association for Research in Industrial Economics, for 2016-2018.

ERC Identification Committee, June 2014.  Telediario TVE1, 28/06/2014.

Editor of the Journal of Economic Theory, 2013-