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Full Professor (Catedrático de Universidad), Microeconomics.

Ph. D. in Economics, Universidad Complutense Madrid, 1997.

B.S. in Economics, Universidad Complutense Madrid, 1991.

"Nunca fui lo que no pude ser

Y pudiera ser que solo soy lo que he podido"

Fito Cabrales

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Activity as organizer:

• Workshop in Economic Theory, April, 16th, Málaga
• 16th European Meeting on Game Theory, SING
• V Spain-Japan Economic theory Meeting
• REES Meeting, 2021

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Editorial service:

•  Editorial Board, Computational Economics
•  Editorial Board, PLOS ONE

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Research interests:

• Multi-unit multi-bid auctions.
• Applications of Dynamic Optimization to economics.
• Applications of Machine Learning to economics.

 

Papers in JCR indexed journals: [1]

• Is small always beautiful? Analysing the efficiency effects of size heterogeneity in renewable electricity auctions. Energy Economics DOI:https://doi.org/10.1016/j.eneco.2021.105698 (with P. del Río). 
• Identifying moratility factors from Machine Learning using Shapley values - a case of COVID19. Expert Systems with applications. DOI:https:// doi.org/10.1016/j.eswa.2021.114832 (with M. Smith). Code ocean capsule: https://codeocean.com/capsule/6446299/tree/v1
• Using Shapley values to assess the impact of temporary traffic restrictions on NO2 levels in Madrid urban area. Forthcoming in International Journal of Environmental Science and Technology. DOI:http://link.springer.com/article/10.1007/s13762-020-03091-3 (with M. Smith)
• Predicting firm-level bankruptcy in the Spanish economy using Extreme Gradient Boosting. Forthcoming in Computational Economics DOI:https://doi.org/10.1007/s10614-020-10078-2(0123456789 (with M. Smith).
• (Quasi)uniqueness and restoring dynamics of price-dispersion market equilibria under search cost Journal of Mathematical Economics DOI: https://doi.org/10.1016/j.jmateco.2018.12.002 (with J.M. Rey).
• Overpricing in Spanish Treasury auctions. Annals of Economics an Finance. DOI: http://aeconf.com/Articles/May2019/aef200109.pdf (with C. Mazón)
• Evolutionary dynamics of price dispersion with market-dependent costs. Computational Economics DOI: https://doi.org/10.1007/s10614-017-9770-9 (with J.M: Rey and R.G. Sanchis)
• Assigning pollution permits: are uniform auctions efficient? Economic Theory DOI: https://doi.org/10.1007/s00199-017-1089-1(with C. Mazón and F. J. André).
• Decomposing risk in an exploitation-exploration problem with endogenous termination time, Annals of Operations Research, DOI: https://doi.org/10.1007/s10479-017-2610-4.
• Pricing strategy versus shopping behavior under market price dispersion, Abstract and Applied Analysis, DOI: http://dx.doi.org/10.1155/2016/3254240 (with J.M: Rey and R.G. Sanchís).[2]
• Auctioning emission permits with market power, B.E. Journal of Economic Analysis and policy, DOI: http://dx.doi.org/10.1515/bejeap-2015-0041-x, Published on line, 8 Sep 2016 . (with F.J. André).
• Price volatility in the secondary market and bidders heterogenous behavior in Spanish Treasury Auctions, Empirical Economics, DOI: http://dx.doi.org/10.1007/s00181-015-0988-x, Published on line, 1 Aug 2015  (with C. Mazón).
• Consumer’s shopping response to price distribution and σ-overload under time allocation, The Journal of Computational and Applied Mathematics, DOI: http://dx.doi.org/10.1016/j.cam.2015.03.008, Published on line, 14 Mar 2015 (with J.M. Rey and R.G. Sanchís).
• Auctioning vs grand-fathering in cap-and-trade systems with market power and incomplete information, Environmental and Resource Economics, DOI: http://dx.doi.org/10.1007/s10640-014-9839-z, Published on line, 29 Oct 2014 (with F.J. André).
• Moral Hazard and treadable pollution emission permits, B.E. Journal of Theoretical Economics, DOI: http://dx.doi.org/10.1515/bejte-2013-0072, Published on line, 12 Apr 2014, 14 (1), 415-444 (with E. Camiña).
• Choice overload, satisficing behavior and price distribution in a time allocation model, Abstract and Applied Analysis, DOI: http://dx.doi.org/10.1155/2014/569054, Published on line, 20 Mar 2014 (with J.M. Rey and R.G. Sanchís).
• Numerical analysis of a time allocation model accounting for choice overload, International Journal of Computer Mathematics, DOI: http://dx.doi.org/10.1080/00207160.2013.799667, Published on line, 11 Jun 2013 (with J.M. Rey and R.G. Sanchís).
• Multi-unit auctions with private information: an indivisible unit continuous price model, Economic Theory, DOI: http://dx.doi.org/10.1007/s00199-010-0594-2 (with C. Mazón).
• Comparing the Spanish and the discriminatory auction formats: A discrete model with private information, European Journal of Operational Research, 02/2007; DOI: http://dx.doi.org/10.1016/j.ejor.2006.02.044 (with C. Mazón).
• Treasury auctions in Spain: a linear approach, Spanish Economic Review , 02/2003; 5(1):25-48. DOI: http://dx.doi.org/10.1007/s101080300061 (with C. Mazón and E. Cerdá).
• Learning by doing in a T-period production planning: Analytical solution, European Journal of Operational Research, 02/2003; 150(2):353-369. DOI: http://dx.doi.org/10.1016/S0377-2217(02)00525-8 (with E. Cerdá).
• Cheating for the common good in a macroeconomic policy game, Journal of Economic Dynamics and Control, 01/2002; DOI: http://dx.doi.org/10.1016/S0165-1889(01)00080-X (with C. Deissenberg).
• When does Learning by Doing generate current losses? Spanish Economic Review, 01/2001; 3(1):55-69. DOI: http://dx.doi.org/10.1007/PL00013585 (with E. Cerdá).
• Analytical solution for a class of learning by doing models with multiplicative uncertainty TOP, 02/1999; 7(1):1-23. DOI: http://dx.doi.org/10.1007/BF02564709 (with E. Cerdá).
• Learning-by-Doing under Uncertainty, Computational Economics, 02/1999; 14(3):255-62. DOI: http://dx.doi.org/10.1023/A:1008792810863 (with H. Amman).
• Business telephone traffic demand in Spain: 1980–1991, an econometric approach, Information Economics and Policy, 01/1995; DOI: http://dx.doi.org/10.1016/0167-6245(95)00031-E (with T. Pérez and B. Moreno).

[1] JCR indexed in the year of submission or later.

[2] In the year of first submission is Scopus and Scholar Google indexed, among others.

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Currently under review:

•  Online auction markets before and during the lockdown (with A. García-Hiernaux and M. Sartarelli).

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Other Referred Scientific Publications:

• A Machine Learning Research Template for Binary Classification Problems and Shapley Values Integration. Software impacts. Vol. 8, May 2021, 100074. Elsevier. DOI: https://doi.org/10.1016/j.simpa.2021.100074 (with M. Smith)
• Cross-bidding in eBay-like environments. Chapter in: Dynamic Analysis in Complex Economics environments. Dynamic Modeling and Econometrics in Economics and Finance book series (DMEF, volume 26), pp. 5-27. Springer. (ISBN: Print 978-3-030-52969-7; Online: 978-3-030-52970-3) (with M. Sartarelli).
• Maximizing and satisfycing in a choice model based on time allocation, International Journal of Complex Systems in Science, Vol 4(1), pp. 1-6 (2014) (with J.M. Rey and R.G. Sanchís).
• Pareto-improving cheating in an economic policy game. Chapter in: Stability and Control: Theory Methods and Applications, Vol 22. (ISBN 0-415-30997-2), Chapman & Hall/CRC Florida, USA, 2004, 363-379 (with Ch. Deissenberg).
• (In spanish) Subastas del Tesoro ¿Cómo debe vender el Tesoro la deuda pública? Chapter in: Estudios en homenaje a Luis Angel Rojo : políticas, mercados e instituciones económicas. Vol 1 ( ISBN 84-7491-764-6), España, 343-366 (with C. Mazón).
• Opportunity cost of CO2 emission reductions: developing vs. developed economies, Working paper Instituto Complutense Estudios Internacionales, WP12/09, ISBN: 978-84-692-4272-8.

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Other Publications:

• Precio de la luz y derechos de emisión de CO2 (with R. Salas)

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Four most recent funded research projects (complete list in my CV):

• Mecanismos, decisiones colectivas y políticas públicas. Funded by Ministerio de Ciencia e Innovación (Spain). Grant reference PID 2020-114309GB-100. From 2021 to 2023. Researcher.
• Reglas de elección, mecanismos y decisiones políticas. Funded by Ministerio de Ciencia, Innovacion y Universidades. Grant reference ECO2017-86245-P. From 2018 to 2020. Researcher.
• Instituciones de mercado, capital humano y tecnología. Funded by Ministerio de Economía y Competitividad (Spain). Grant reference ECO2014-56676-C2-2-P. Researcher. From 2015 to 2017.
• Análisis de mercados: Subastas de Deuda Pública y mercados de derechos de CO2. Funded by Ministerio de Educación y Ciencia (Spain). Grant reference SEJ2007-65722  from 2007 to 2010. Main researcher.

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Teaching areas:

• Dynamic Optimization.
• Game Theory.
• Introductory Microeconomics.
• Calculus.

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Supervised Thesis:

• Luis E. Nuño Sevilla (2004).
• Leonora Millán (2005).
• Raúl Gutierrez (2013).
•  Matthew Smith (2022)

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Visiting research positions:

• Tinbergen Institute (Universiteit van Amsterdam), from Sep 1997 to Feb 1998.
• Centre d-Economie et de Finances Internationales, Universitee Aix-Marseille II, from Sep 1999 to Feb 2000.
• Department of Economics, Univeristy of Maryland, from Sep 2017 to Dec 2017.
• Instituto de Políticas y Bienes Públicos, CSIC, from Sep 2019 to Dec 2019.

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Programming languages:

• Numerical methods & Econometrics: currently Python and R, in the past Matlab and Pascal.
• Documents: Latex. 

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CV and contact:

My CV

fralvare@ccee.ucm.es

Postal address:
Departmento Análisis Económico y Economía Cuantitativa, Fac. CC. Económicas, Universidad Complutense de Madrid
Campus de Somosaguas, Prefabricado, Office N321 Pozuelo de Alarcón, Madrid, 28223