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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
Guillermo Caruana
Associate Professor with Tenure
Susanna Esteban
Associate Professor with Tenure
Gerard Llobet
Associate Professor with Tenure
Pello Aspuru
PhD student
Milena Almagro
Associated Faculty
Daniel Fernández
PhD student
Seminars series
APR
FIRMS Seminar
Alessandro Bonatti (MIT Sloan) presents "How Digital Advertising Auctions Impact Product Prices" (joint with Dirk Bergemann and Nicholas Wu)
MAY
FIRMS Seminar
Joao Granja (University College London) presents "TBA"
JUN
FIRMS Seminar
joint AMiS - Tomás Domínguez-Iino (University of Chicago) presents "TBA"
MAY
FIRMS Seminar
Markus Reisinger (Frankfurt School of Finance & Management) presents "TBA"
APR
FIRMS Seminar
Ryan Kellogg (University of Chicago) presents "The End of Oil"
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.