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Publications by Topics
(English): |
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- Aggregation of Information and Incentives in Large Markets
- Banking
- Competition Policy
- Entry
- Game Theory
- Growth and Regional Economics
- Learning Dynamics in Markets and Market Microstructure
- Oligopoly and Information
- Oligopoly
- Reports on Europe
- Other
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Aggregation of Information
and Incentives in Large Markets: |
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- "Aggregation of Information in Large Cournot Markets", Econometrica, 56, 4, July 1988, 851-876.
- "Trade Association Disclosure Rules, Incentives to Share Information and Welfare", Rand Journal of Economics, 21, 3, Autumn 1990, 409-430.
- "Collusion by Asymmetrically Informed Firms" (joint with R. Kihlstrom), Journal of Economics and Management Strategy, 1, 2, Summer 1992, 371-396.
- "Information, flexibility and competition", Journal of the Japanese and International Economies, 7, 1993, 219-237.
- “Informational Externalities, Herding, and Incentives” (with L. Bru), Journal of Institutional and Theoretical Economics, 158, 1, 2002, 91-105.
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Banking: |
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- "Bank Runs
as an Equilibrium Phenomenon", (with A. Postlewaite),
Journal of Political Economy, 95, 3, June 1987, 485-491.
- "Deregulation
and Competition in Spanish Banking", European Economic
Review, P&P, 34, 1990, 403-415.
- "Competition
in Spanish Banking" (with R. Caminal and J. Gual), in
European Banking in the 1990's, J. Dermine (ed.), Basil Blackwell,
1990, pp. 271-321.
- "Banking
Competition and European Integration", in European Financial
Integration, A. Giovanini and C. Mayer, (eds.), Cambridge
University Press, 1991, pp. 9-31.
- "Regulatory
Reform in European Banking", European Economic Review,
35, 1991, 505-515.
- Monitoring European Integration: The Making of Monetary
Union, (with D. Begg, P-A. Chiappori, F. Giavazzi, C. Mayer,
D. Neven, L. Spaventa, and C. Wyplosz), CEPR, 1991, pp. 30.
- Review of
L. White, "The S&L Debacle" (Oxford University Press,
Oxford, 1991), International Journal of Industrial Organization,
10, 1, 1992, pp. 139-140.
- "The Supervisory Function of the European System of Central
Banks" in Prudential Regulation, Supervision and Monetary
Policy, Franco Bruni (ed.), Università Commerciale Luigi Bocconi,
Milan, 1993, and in Giornale degli Economisti e Annali di
Economia, 51, October-December 1992, 523-532.
- Review of
M. Dewatripont and J. Tirole, "The Prudential Regulation of
Banks" (Cambridge and London: MIT Press, 1994), Journal
of Economic Literature, 34, September 1996, pp. 1365-1366.
- "Competition
for deposits, fragility, and insurance", (with C. Matutes),
Journal of Financial Intermediation, 5, 1996, 184-216.
- Monitoring European Integration: The Future of European
Banking, (with J-P Danthine, F. Giavazzi and E-L von Thadden),
CEPR, 1999, pp. 118.
- "Lessons from European Banking Liberalization and Integration",
in The Internationalization of Financial Services, S. Claessens
and M. Jansen (eds.), Kluwer Law International (UK), 2000,
pp. 177-198.
- "Imperfect
Competition, Risk Taking, and Regulation in Banking" (with
C. Matutes), European Economic Review, 44, 2000, 1-34.
- "Central Banks and Supervision with Application to the EMU"
in Challenges for Modern Central Banking, A. Santomero, S.
Viotti and A.Vredin (eds.), Kluwer Academic Publishers (USA),
2001, pp. 95-113.
- “Restructuring
Financial Regulation in the European Monetary Union”,
Journal of Financial Services Research, 19, 1, 2001, 57-82.
- “Competition
in the Changing World of Banking”, Oxford Review of Economic
Policy, 17, 4, 2001, 535-547.
- “Dollarization,
Bailouts, and the Stability of the Banking System” (with
D. Gale), Quarterly Journal of Economics, 117, 2, 2002, 467-502.
- “External
Discipline and Financial Stability”, European Economic
Review, 46, 4-5, 2002, 821-828.
- “Coordination
Failures and the Lender of Last Resort: Was Bagehot Right
After All?” (with J-Ch. Rochet), Journal of the European
Economic Association, 2, 6, December 2004, 1116-1147.
- “Banking
and Regulation in Emerging Markets”, The World Bank Research
Observer, 21, 2, Fall 2006, 179-206.
- "Competition
and Regulation in Banking”, in Handbook of Financial
Intermediation and Banking”, A. Thakor and A. Boot (eds.),
Amsterdam: North Holland, 2008.
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Competition Policy: |
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- “Competition
Policy in Europe”, IESE Business School O.P. 161,
chapter 1 in Competition Policy in Europe. Fifty Years
On from the Treaty of Rome, Oxford University Press,
pp.1-20.
- “Regulation
and Competition Policy in Banking” (with E. Carletti),
IESE Business School O.P. 159, chapter 10 in Competition
Policy in Europe. Fifty Years On from the Treaty of Rome,
Oxford University Press, pp. 260-283.
- “The
GE-Honeywell Merger in the EU” (with G. Staffiero),
IESE Business School O.P. 160, chapter 17 in Cases in
European Competition Policy: The Economic Analysis (B.
Lyons editor), Cambridge University Press, pp. 434-464.
- Single Market Review 96: Competition Issues, (main project
adviser with teams from London Economics and IAE), European
Commission, September 1996, pp. 327.
- Information
Exchange Among Firms and their Impact on Competition (with
K-U. Kühn), European Commission Document, Luxembourg:
Office for Official Publications of the European Communities,
1995, pp. 146.
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Entry: |
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- "Entry Deterrence and the Free Rider Problem", (with R. Gilbert), Review of Economic Studies, 53, 1, January 1986, 71-83.
- "Sequential Entry, Industrial Structure, and Welfare", European Economic Review, 32, October 1988, 1671-1687.
- "Excess Entry, Vertical Integration, and Welfare" (with K-U. Kühn), Rand Journal of Economics, 30, 4, 1999, 575-603.
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Game Theory: |
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- "Nash Equilibrium
with Strategic Complementarities", Journal of Mathematical
Economics, 19, 3, 1990, 305-321.
- "Implementation
in Economies with a Continuum of Agents" (with A. Mas-Colell),
Review of Economic Studies, 60, 1993, 613-629.
- “Games
with Strategic Complementarities: New Applications to Industrial
Organization”, International Journal of Industrial Organization¸
23, 2005, 625-637.
- “Complementarities
and Games: New Developments”, Journal of Economic Literature,
43, 2, 2005, 437-479.
- “Monotone
Equilibria in Bayesian Games of Strategic Complementarities”
(with T. Van Zandt), Journal of Economic Theory, 134,
2007, 339-360.
- “Games
of Strategic Complementarities: an Application to Bayesian
Games”, Spanish Economic Review, 9, 2007, 237-247.
- “Supermodularity and Supermodular Games”, in The New Palgrave:
A Dictionary of Economics, New York: Palgrave Macmillan, 2008.
- "Complementarities
and Information: An Introduction", with D. Gale),
Journal of the European Economic Association, 2009, 7, 1,
1-10
- "Strategic
Complementarity in Multi-stage Games”, Economic Theory,
2009, 40, 151-171.
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Growth and Regional
Economics: |
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- Discussion of "Capital Market Imperfections and Regional
Economic Development" by B. Greenwald, A. Levinson, and J.
Stiglitz, in Finance and Development: Issues and Experiences,
A. Giovanini (ed.), Cambridge University Press, 1993, pp.
94-96.
- "Infrastructure
and education as instruments of regional policy: evidence
from Spain" (with A. de la Fuente), Economic Policy, 10,
20, 1995, 13-51. Reprinted in International Economic Integration:
Limits and Prospects, M. Jovanovic (ed.), Routledge.
- "The Sources
of Irish Growth" (with A. de la Fuente), in International
Perspectives on Irish Economic Issues, A. Grey (ed.), Indecon
Public Economic Series, 1997, pp. 112-134.
- “Why
and where do headquarters move?” (with V. Strauss-Kahn),
Regional Science and Urban Economics, 2009, 39, 2,
168-186.
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Learning Dynamics
in Markets and Market Microstructure: |
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- "How fast do rational agents learn?", Review of Economic Studies. 60, 1993, 329-347.
- "Short term investment and the informational efficiency of the market", Review of Financial Studies, 8, 1, 1995, 125-160.
- "The speed of information revelation in a financial market mechanism", Journal of Economic Theory, 67, 1, 1995, 178-204.
- "Social learning and rational expectations", European Economic Review, 40, 3-5, 1996, 589-601.
- "Learning and convergence to a full-information equilibrium are not equivalent", (with B. Jun), Review of Economic Studies, 63, 1996, 653-674.
- "Learning from others: a welfare analysis", Games and Economic Behavior, 20, 1997, 177-200.
- "Price Dynamics and Consumer Learning", (with R. Caminal), Journal of Economics and Management Strategy, 8, 1, 1999, 95-131.
- "Social Learning and Costly Information Acquisition" (with R. Burguet), Economic Theory, 15, 1, 2000, 185-205.
- “Strategic Behavior and Price Discovery” (with L. A. Medrano), Rand Journal of Economics, 32, 2, 2001, 221-248.
- “Regulating Insider Trading When Investment Matters” (with L.A. Medrano), Review of Finance, 8, 2004, 199-277.
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Oligopoly and Information: |
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- "Duopoly Information Equilibrium: Cournot and
Bertrand", Journal of Economic Theory, 34, 1, October 1984,
71-94. Reprinted in Cournot Oligopoly: Characterization and Applications,
A. Daughety (ed.), Cambridge University Press, 1988. Reprinted
in Microeconomic Theories of Imperfect Competition: Old Problems
and New Perspectives, J. Gabszewicz and J.-F. Thisse (ed.), Edwar
Elgar Publisher Ltd, UK, 1999.
- "Collusion by Asymmetrically Informed Duopolists"
(with R. Kihlstrom), European Journal of Political Economy,
5, 1989, 371-402.
- "Technological Competition, Uncertainty and Oligopoly",
Journal of Economic Theory, 48, 2, August 1989, 386-415.
- "Information and Competitive Advantage", International
Journal of Industrial Organization, 8, 1990, 17-35.
Information Exchange Among Firms and their Impact on Competition
(with K-U. Kühn), European Commission Document, Luxembourg:
Office for Official Publications of the European Communities,
1995, pp. 146.
- "Why market share matters: An information-based theory",
(with R. Caminal) Rand Journal of Economics, 27, 2, 1996,
221-239.
- "Private Information, Strategic Behavior, and Efficiency
in Cournot markets”, Rand Journal of Economics, 33,
3, 2002, 361-376.
- “Information Sharing: Economics and Antitrust”,
in The Pros and Cons of Information Sharing, Stockholm: Swedish
Competition Authority, 2006, pp. 83-100.
- “Information Sharing Among Firms”, in The New
Palgrave: A Dictionary of Economics, New York: Palgrave Macmillan,
2008.
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Oligopoly: |
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- "Price
and Quantity Competition in a Differentiated Duopoly",
(with N. Singh), The Rand Journal of Economics, 15, 4, 1984,
546-554.
- "On
the Efficiency of Bertrand and Cournot Equilibria with Product
Differentiation", Journal of Economic Theory, 36,
1, June 1985, 166-175. Reprinted in Cournot Oligopoly: Characterization
and Applications, A. Daughety (ed.), Cambridge University
Press, 1988. Reprinted in The Economics of Product Differentiation,
Vol. II, J-F Thisse and G. Norman (eds.), International Library
of Critical Writings in Economics, no. 37, Aldershot, U.K.:
Elgar, 1994, 34-43.
- "Commitment,
Flexibility and Market Outcomes", International Journal
of Industrial Organization, 4, 2, 1986, 217-229. Reprinted
in Market Strategy and Structure, J.M. Alec Gee and G. Norman
(eds.), Harvester Wheatsheaf, 1992.
- "Rationing
Rules and Bertrand-Edgeworth Equilibria in Large Markets",
Economics Letters, 21, 1986, 113-116.
- "On
the Strategic Choice of Spatial Price Policy", (with
J.F. Thisse), American Economic Review, 78, 1, March 1988,
122-137. Reprinted in The Economics of Location, Vol. II,
Melvin L. Greenhut and George Norman (eds.), Elgar Reference
Collection: International Library of Critical Writings in
Economics, Vol. 42. Aldershot, U.K.: Elgar, 1995, 401-416.
- "Cournot
and the Oligopoly Problem", European Economic Review,
33, 1989, 503-514.
- "Basing
point pricing: Competition versus Collusion" (with
J. Thisse), Journal of Industrial Economics, 40, 3, September
1992, 249-260.
- "Edgeworth
and Modern Oligopoly Theory", European Economic Review,
37, 2/3, April 1993, 463-476.
- "Strategic
Incentives in Dynamic Duopoly" (with B. Jun), Journal
of Economic Theory, 116, 2, 2004, 249-281.
- “Innovation
and Competitive Pressure”, The Journal of Industrial Economics, 2008, 56, 3, 419-469. Recipient of the JIE "Best Article" Prize 2008.
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Reports on Europe: |
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- Report on the European Economy, 2008 (European Economic Advisory
Group, with L. Calmfors, G. Corsetti, M.P. Devereux, S. Honkapohja,
J. Kay, G. Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp.
144.
- Report on the European Economy, 2007 (European Economic Advisory
Group, with L. Calmfors, G. Corsetti, M.P. Devereux, S. Honkapohja,
J. Kay, G. Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp.
151.
- Report on the European Economy, 2006 (European Economic Advisory
Group, with L. Calmfors, G. Corsetti, S. Honkapohja, J. Kay, G.
Saint-Paul, H-W. Sinn and J-E. Sturm), CESifo, pp. 120.
- Integration of European Banking: The Way Forward (with Pedro Barros,
Erik Berglöf, Paolo Fulghieri, Jordi Gual and Colin Mayer),
Monitoring European Deregulation 3, CEPR, 2005, pp. 103.
- Report on the European Economy, 2005 (European Economic Advisory
Group, with L. Calmfors, G. Corsetti, S. Honkapohja, J. Kay, W.
Leibfritz, G. Saint-Paul, and H-W. Sinn), CESifo, pp.116.
- Report on the European Economy, 2004 (European Economic Advisory
Group, with L. Calmfors, G. Corsetti, S. Honkapohja, J. Kay, W.
Leibfritz, G. Saint-Paul, and H-W. Sinn), CESifo, pp. 141.
- Report on the European Economy, 2003 (European Economic Advisory
Group, with L. Calmfors, G. Corsetti, J. Fleming, S. Honkapohja,
J. Kay, W. Leibfritz, G. Saint-Paul, and H-W. Sinn), CESifo, pp.
133.
- Report on the European Economy, 2002 (European Economic Advisory
Group, with G. Corsetti, J. Fleming, S. Honkapohja, W. Leibfritz,
G. Saint-Paul, and H-W. Sinn), CESifo, pp. 95.
- Monitoring European Integration: The Future of European Banking,
(with J-P Danthine, F. Giavazzi and E-L von Thadden), CEPR, 1999,
pp. 118.
- Monitoring European Integration: The Making of Monetary Union,
(with D. Begg, P-A. Chiappori, F. Giavazzi, C. Mayer, D. Neven,
L. Spaventa, and C. Wyplosz), CEPR, 1991, pp. 30.
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Other: |
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- "Small Income Effects: A Marshallian Theory of Consumer
Surplus and Downward Sloping Demand", Review of Economic
Studies, 40, January 1987, 87-103.
- Correspondence: "American and European Economists",
Journal of Economic Perspectives, 9, 1, 1995, pp. 203-215.
- “Corporate Governance: Does it Matter?” in Corporate
Governance: Theoretical and Empirical Perspectives, Cambridge
University Press, 2000, pp. 1-21.
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