Xavier Vives
Xavier Vives | |
---|---|
Born |
Barcelona, Spain | January 23, 1955
Nationality | Spanish |
Institution | IESE Business School (2006–)[1] |
Field |
Industrial Organization Game Theory Microeconomics Banking and Finance |
Alma mater | UC Berkeley Ph.D. (1983) |
Information at IDEAS / RePEc |
Xavier Vives (born January 23, 1955) is a Spanish economist regarded as one of the main figures in the field of industrial organization and, more broadly, microeconomics.[2] He is currently chaired Professor and academic director of the Public-Private Sector Research Center at IESE Business School in Barcelona.[3][4]
Biography
A native of Barcelona, after obtaining his bachelor's degree from the Autonomous University of Barcelona (UAB), received a doctorate from UC Berkeley under the supervision of Gérard Debreu, and moved to the University of Pennsylvania as an Assistant Professor. In 1987 moved back to Spain and headed for ten years the Institute for Economic Analysis (CSIC) in the decade of the 1990s. In 2001 he moved to the business school INSEAD in Paris and in 2005 went back to Barcelona with a research professorship at ICREA-UPF (Pompeu Fabra University). He has taught also at UAB and held visiting positions at Harvard University, the University of California at Berkeley and New York University. He served as Director of the Industrial Organization Program of the Center for Economic Policy Research (CEPR) in 1991-1997.[5] He has been editor of the International Journal of Industrial Organization in 1993-1997, editor-in-chief of the European Economic Review (1998–2002) and of the Journal of the European Economic Association (2003–2008).[6] Currently he is editor of the Journal of Economic Theory and co-editor of the Journal of Economics and Management Strategy. He has participated extensively in the policy debate in Europe with contributions to a substantial number of reports published by CEPR and CESifo [7] networks as well as columns in The Financial Times, The Wall Street Journal and the Spanish press.
Research contributions
Vives' research concentrates on microeconomics and ranges from industrial organization, information economics, and game theory to banking and finance. His contributions started with seminal research in oligopoly theory and the study of price and quantity competition providing canonical models and results on price formation and competitiveness.[8] The research extended to the interaction between private information and strategic behavior with the early study of information sharing among firms.[9] This research has served as a basis for extensive theoretical and applied developments in industrial organization and international trade among other fields, as well as having implications for competition policy. A path breaking contribution was the pioneer application of lattice-theoretic methods to analyze games of strategic complementarities (or supermodular games), and in general complementarities, in economics.[10] His contribution opened the gates to numerous applications in a wide range of fields including macroeconomics and finance. Further work has studied incomplete information economies and the mechanisms of information aggregation and transmission in markets and learning by traders formalizing the ideas of Hayek. This work provides a bridge between the rational expectations and the herding literatures.[11] Finally, Vives has contributed to the study of competition and regulation in banking and of financial stability with research that has policy implications for the financial crisis and European financial integration.[12]
Books
- Oligopoly Pricing: Old Ideas and New Tools (MIT Press, 1999).
- Information and Learning in Markets: the Impact of Market Microstructure (Princeton University Press, 2008).
Awards and honors
Vives is a Fellow of the Econometric Society since 1992,[13] of the European Academy of Sciences and Arts since 2002,[14] of the European Economic Association since 2004,[15] of the Spanish Economic Association since 2010,[16] of the Institute of Catalan Studies since 2011[17] and of the Academia Europaea since 2012. He has received several research prizes in Spain, among them the Premio Rey Jaime I de Economía in 2013.[18] In 2008 he was awarded a European Research Council Advanced Grant.[19]
References
- ↑ "Xavier Vives - Faculty Search". Retrieved November 25, 2012.
- ↑ "Xavier Vives is one of the outstanding scholars of his generation in oligopoly and industrial organization theory"; "Xavier Vives has been one of the leading contributors to the modern theory of oligopoly", Quotations, respectively, by James W. Friedman and Eric Maskin from back cover of the book "Oligopoly pricing"
- ↑ "Abertis Chair of Regulation, Competition and Public Policy". Retrieved November 25, 2012.
- ↑ "Public-Private Sector Research Center - Team". Retrieved November 25, 2012.
- ↑ "Professor Xavier Vives". Archived from the original on December 9, 2012. Retrieved November 25, 2012.
- ↑ "Report for the editors of JEEA for 2008" (PDF). Retrieved November 25, 2012.
- ↑ "CESifo". Retrieved November 25, 2012.
- ↑ "Price and Quantity Competition in a Differentiated Duopoly", (with N. Singh), RAND J.Econ. 15, 4, 1984, 546-554. (https://ideas.repec.org/a/rje/randje/v15y1984iwinterp546-554.html) "On the Efficiency of Bertrand and Cournot Equilibria with Product Differentiation", J. Econ. Theory 36, 1, 1985, 166-175. (https://ideas.repec.org/a/eee/jetheo/v36y1985i1p166-175.html) "On the Strategic Choice of Price Policy in Spatial Competition", (with J.F. Thisse), Amer. Econ. Rev. 78, 1, 1988, 122-137. (https://ideas.repec.org/a/aea/aecrev/v78y1988i1p122-37.html)
- ↑ "Duopoly Information Equilibrium: Cournot and Bertrand", J. Econ. Theory, 34, 1, 1984, 71-94. (https://ideas.repec.org/a/eee/jetheo/v34y1984i1p71-94.html) "Information Sharing Among Firms", in The New Palgrave: A Dictionary of Economics, New York: Palgrave Macmillan, 2008.(http://www.dictionaryofeconomics.com/article?id=pde2008_I000250)
- ↑ "Nash Equilibrium with Strategic Complementarities", J. Math. Econ. 19, 3, 1990, 305-321. (https://ideas.repec.org/a/eee/mateco/v19y1990i3p305-321.html) "Complementarities and Games: New Developments", Journal of Economic Literature, 43, 2005, 437-479. (https://ideas.repec.org/p/cpr/ceprdp/4742.html) "Monotone Equilibria in Bayesian Games of Strategic Complementarities" (with T. Van Zandt), Journal of Economic Theory, 2007, 134, 339-360. (https://ideas.repec.org/a/eee/jetheo/v134y2007i1p339-360.html) "Supermodularity and Supermodular Games", in Game Theory, S. Durlauf y R. Blume (eds.), New York: Palgrave Macmillan, 2010. (http://www.dictionaryofeconomics.com/article?id=pde2008_S000486)
- ↑ "Aggregation of Information in Large Cournot Markets", Econometrica 56, 4, 1988, 851-876. (https://ideas.repec.org/a/ecm/emetrp/v56y1988i4p851-76.html) "How Fast Do Rational Agents Learn?", Rev. Econ. Studies 60, 1993, 329-347. (https://ideas.repec.org/a/bla/restud/v60y1993i2p329-47.html) "Strategic Supply Function Competition with Private Information", Econometrica, 79, 6, 2011, 1919-1966. (http://www.econometricsociety.org/abstract.asp?vid=79&iid=6&aid=7&ref=0012-9682&s=-9999)[]
- ↑ "Bank Runs as an Equilibrium Phenomenon", (with A. Postlewaite), J. Pol. Econ. 95, 3, 1987, 485-491. (https://ideas.repec.org/a/ucp/jpolec/v95y1987i3p485-91.html) "Imperfect Competition, Risk Taking, and Regulation in Banking" (with C. Matutes) in European Economic Review, 44, 2000, 1-34. (26, 97). (https://ideas.repec.org/a/eee/eecrev/v44y2000i1p1-34.html) "Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All?" (with J-Ch. Rochet), Journal of the European Economic Association, 2004, 2, 6. 1116–1147 (17, 90). (https://ideas.repec.org/p/ide/wpaper/644.html)
- ↑ "Fellows of the Econometric Society as of September 2012". Archived from the original on December 10, 2008. Retrieved November 25, 2012.
- ↑ "European Academy of Sciences and Arts Academia Scientiarum et Artium Europaea". Retrieved November 25, 2012.
- ↑ "Fellows of the European Economics Association, FEEA". Retrieved November 25, 2012.
- ↑ "Fellows AEE". Archived from the original on October 16, 2012. Retrieved November 25, 2012.
- ↑ "Membres numeraris i emèrits". Retrieved November 25, 2012.
- ↑ "Premio Rey Jaime I de Economía". Archived from the original on June 13, 2013.
- ↑ "ERC Advanced Grant 2008" (PDF). Retrieved November 25, 2012.
External links
- Official blog (http://blog.iese.edu/xvives/)[] at IESE Business School