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
Susanna Esteban
Associate Professor with Tenure
Gerard Llobet
Associate Professor with Tenure
Álvaro Sánchez-Leache
PhD student
Guillermo Caruana
Associate Professor with Tenure
Andrea Guccione
PhD student
Milena Almagro
Associated Faculty
Daniel Fernández
PhD student
Tao Wang
PhD student
Wisse Rutgers
PhD student
Seminars series
OCT
FIRMS Seminar
joint MadMac - Hugo Hopenhayn (UCLA) presents "Big Push in Distorted Economies"
OCT
FIRMS Seminar
Andrzej Skrzypacz (Stanford GSB) presents "Dynamic Threats to Credible Auctions" (joint with Martino Banchio and Frank Yang)
NOV
FIRMS Seminar
joint AMiS - Ozgen Kiribrahim (Arizona State University) presents "Place-Based Environmental Regulations and Labor Market Dynamics"
NOV
FIRMS Seminar
Raúl Bajo-Buenestado (Universidad de Navarra) presents "Some Unpleasant Tropical Nights: Minimum Temperatures, Commuting Accidents, and Productivity Losses"
NOV
FIRMS Seminar
Hendrik Döpper (CUNEF) presents "Cross-Category Mergers in US Retailing"
Recent publications of this research line
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Nezih Guner, Yuliya Kulikova and Arnau Valladares-Esteban,
Does the Added Woker Effect Matter?,
Review of Economic Dynamics, (2025), 101271. -
Natalia Fabra and Gerard Llobet,
Fossil Fuels and Renewable energy:Mix or Match?,
Rand Journal of Economics, (2025), 121950. -
Natalia Fabra and Gerard Llobet,
Designing Contracts for the Energy Transition,
International Journal of Industrial Organization, (2025), 103173. -
Gerard Llobet and Damien Neven,
Investment and patent licensing in the value chain,
Journal of Competition Law and Economics, (2023), 527-555.
Research grants
Economic and Social Effects of Climate and Energy Policies (CLIMAD-CM) (Comunidad de Madrid, 2025-2027)
Researchers: Natalia Fabra (Co-PI), Gerard Llobet (Co-PI).
"María de Maeztu" Unit of Excellence (Ministerio de Ciencia e Innovación, 2022-2025)
Researchers: Diego Puga (PI), Manuel Arellano, Samuel Bentolila, Nezih Guner, Josep Pijoan, Javier Suarez, Monica Martinez-Bravo, Rafael Repullo, Dante Amengual, Eugenio Renedo.