Details about Piero Gottardi

E-mail:
Homepage:	http://www.eui.eu/Personal/Gottardi/
Phone:	(39) 055 4685 919
Postal address:	Department of Economics ­ European University Institute Villa San Paolo - Via della Piazzuola, 43 50133 Florence Italy
Workplace:	Economics Department, University of Essex, (more information at EDIRC) Dipartimento di Economia (Department of Economics), Università Ca' Foscari Venezia (University Ca' Foscari Venice), (more information at EDIRC) Department of Economics, European University Institute, (more information at EDIRC) Rimini Centre for Economic Analysis (RCEA), (more information at EDIRC)

Access statistics for papers by Piero Gottardi.

Last updated 2022-10-21. Update your information in the RePEc Author Service.

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Working Papers

2022

1. Capital Structure and Hedging Demand with Incomplete Markets
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (1)
2. Shuttle Diplomacy
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
3. Simultaneous Search and Adverse Selection
   CRC TR 224 Discussion Paper Series, University of Bonn and University of Mannheim, Germany
   Also in ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany (2022)
   Working Papers, University of Toronto, Department of Economics (2022)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022)
   Working Papers, University of Toronto, Department of Economics (2022)
4. Sorting versus Screening in Decentralized Markets with Adverse Selection
   ECONtribute Discussion Papers Series, University of Bonn and University of Cologne, Germany View citations (1)

2021

5. Communication and Social Preferences: An Experimental Analysis
   CESifo Working Paper Series, CESifo
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
6. Financial Fragility with Collateral Circulation
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
7. Risk Classification in Insurance Markets with Risk and Preference Heterogeneity
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2020

8. Efficient Policy Interventions in an Epidemic
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article in Journal of Public Economics (2021)
9. Mediation Design
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

2019

10. Online Appendix to "A theory of repurchase agreements, collateral re-use, and repo intermediation"
    Online Appendices, Review of Economic Dynamics View citations (9)
    See also Journal Article in Review of Economic Dynamics (2019)

2018

11. A General Equilibrium Theory of Capital Structure
    2018 Meeting Papers, Society for Economic Dynamics
12. Can there be a Market for Cheap-Talk Information? An Experimental Investigation
    CESifo Working Paper Series, CESifo
    See also Journal Article in Games and Economic Behavior (2020)

2017

13. A Theory of Repurchase Agreements, Collateral Re-use, and Repo Intermediation
    CESifo Working Paper Series, CESifo View citations (16)
    Also in Economics Working Papers, European University Institute (2017) View citations (16)
    2016 Meeting Papers, Society for Economic Dynamics (2016) View citations (2)
    See also Journal Article in Review of Economic Dynamics (2019)
14. Equilibrium Theory of Banks' Capital Structure
    CESifo Working Paper Series, CESifo View citations (2)
    Also in Economics Working Papers, European University Institute (2017) View citations (1)
    2017 Meeting Papers, Society for Economic Dynamics (2017) View citations (2)
15. Flexible contracts
    Post-Print, HAL
    Also in Carlo Alberto Notebooks, Collegio Carlo Alberto (2015)
    Economics Working Papers, European University Institute (2009)
    CESifo Working Paper Series, CESifo (2010)
    Post-Print, HAL (2011)
    PSE-Ecole d'économie de Paris (Postprint), HAL (2017)
    Economics Working Papers, European University Institute (2011)
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL (2011)
    Documents de travail du Centre d'Economie de la Sorbonne, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne (2009) View citations (1)
    See also Journal Article in Games and Economic Behavior (2017)
16. Optimal Asset Division Rules for Dissolving Partnerships
    2017 Meeting Papers, Society for Economic Dynamics

2016

17. Can there be a market for cheap-talk information? Some experimental evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in Economics Working Papers, European University Institute (2016) View citations (6)
18. Competing Mechanisms in Markets for Lemons
    2016 Meeting Papers, Society for Economic Dynamics View citations (6)
    Also in Economics Working Papers, European University Institute (2016) View citations (6)
    See also Journal Article in Theoretical Economics (2019)

2015

19. Constrained Inefficiency and Optimal Taxation with Uninsurable Risks
    UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics View citations (3)
    Also in KIER Working Papers, Kyoto University, Institute of Economic Research (2014) View citations (7)
    UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics (2014)
    FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2014)
    CIGS Working Paper Series, The Canon Institute for Global Studies (2014)
    Economics Working Papers, European University Institute (2010)
    See also Journal Article in Journal of Public Economic Theory (2016)
20. Equilibrium Corporate Finance and Intermediation
    2015 Meeting Papers, Society for Economic Dynamics
    Also in Economics Working Papers, European University Institute (2014) View citations (4)
21. Financial Contagion in Networks
    Economics Working Papers, European University Institute View citations (32)
22. Optimal taxation and debt with uninsurable risks to human capital accumulation
    UTokyo Price Project Working Paper Series, University of Tokyo, Graduate School of Economics View citations (38)
    Also in FRB Atlanta Working Paper, Federal Reserve Bank of Atlanta (2014)
    Economics Working Papers, European University Institute (2014) View citations (4)
    CIGS Working Paper Series, The Canon Institute for Global Studies (2014) View citations (5)
    KIER Working Papers, Kyoto University, Institute of Economic Research (2014) View citations (5)
    See also Journal Article in American Economic Review (2015)

2014

23. Capital structure, investment, and fire sales
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (1)
    See also Journal Article in Review of Financial Studies (2015)
24. Risk Sharing and Contagion in Networks
    2014 Meeting Papers, Society for Economic Dynamics View citations (27)
    Also in Working Papers, FEDEA (2014) View citations (71)
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía (2013) View citations (17)
    CESifo Working Paper Series, CESifo (2014) View citations (27)
    See also Journal Article in Review of Financial Studies (2017)

2013

25. Capital Structure and Investment Dynamics with Fire Sales
    Economics Working Papers, European University Institute View citations (3)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2013) View citations (3)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2013) View citations (3)

2012

26. Dynamic Competitive Economies with Complete Markets and Collateral Constraints
    2012 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Economics Working Papers, European University Institute (2012) View citations (3)
    See also Journal Article in Review of Economic Studies (2015)
27. Risk-Sharing and Retrading in Incomplete Markets
    Economics Working Papers, European University Institute
    See also Journal Article in Economic Theory (2013)

2011

28. Bankruptcy, Finance Constraints and the Value of the Firm
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (5)
    See also Journal Article in American Economic Journal: Microeconomics (2011)
29. Bankruptcy: is it enough to forgive or must we also forget?
    Working Papers, Federal Reserve Bank of Philadelphia View citations (2)
    Also in CESifo Working Paper Series, CESifo (2008) View citations (2)
    Economics Working Papers, European University Institute (2008) View citations (2)
    Working Papers, Department of Economics, University of Venice "Ca' Foscari" (2007) View citations (2)
    Working Papers, Federal Reserve Bank of Philadelphia (2007) View citations (1)
    See also Journal Article in American Economic Journal: Microeconomics (2015)
30. Optimal Taxation and Constrained Inefficiency in an Infinite-Horizon Economy with Incomplete Markets
    CESifo Working Paper Series, CESifo View citations (13)
    Also in Economics Working Papers, European University Institute (2011) View citations (14)
    KIER Working Papers, Kyoto University, Institute of Economic Research (2010) View citations (4)
    2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (5)

2010

31. Equilibrium Corporate Finance
    Economics Working Papers, European University Institute View citations (2)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (5)
32. Markets and contracts
    Economics Working Papers, European University Institute View citations (19)
    Also in Working Papers, University of Brescia, Department of Economics (2009) View citations (23)
    See also Journal Article in Journal of Mathematical Economics (2011)
33. Value of Information in Competitive Economies with Incomplete Markets
    FMG Discussion Papers, Financial Markets Group
    Also in Economics Working Papers, European University Institute (2010) View citations (1)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2007)
    Working Papers, Department of Economics, University of Venice "Ca' Foscari" (2007) View citations (8)
    FMG Discussion Papers, Financial Markets Group (2007)
    See also Journal Article in International Economic Review (2014)

2009

34. Illiquidity and Under-Valuation of Firms
    CESifo Working Paper Series, CESifo
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009)
    Working Papers, Department of Economics, University of Venice "Ca' Foscari" (2008)
    Economics Working Papers, European University Institute (2009)
35. Markets for Information: Of Inefficient Firewalls and Efficient Monopolies
    Economics Working Papers, European University Institute
    Also in UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía (2008) View citations (2)
    Working Papers, Department of Economics, University of Venice "Ca' Foscari" (2008) View citations (2)
    CESifo Working Paper Series, CESifo (2008) View citations (2)
    See also Journal Article in Games and Economic Behavior (2014)
36. Social Security and Risk Sharing
    Economics Working Papers, European University Institute View citations (4)
    Also in 2007 Meeting Papers, Society for Economic Dynamics (2007)
    CESifo Working Paper Series, CESifo (2006) View citations (24)
    Working Papers, Department of Economics, University of Venice "Ca' Foscari" (2006) View citations (23)
    See also Journal Article in Journal of Economic Theory (2011)

2008

37. Ramsey Asset Taxation under Asymmetric Information
    2008 Meeting Papers, Society for Economic Dynamics View citations (4)

2007

38. Local Sunspot Equilibria Reconsidered
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (1)
    Also in PSE-Ecole d'économie de Paris (Postprint), HAL (2007) View citations (1)
    Penn CARESS Working Papers, Penn Economics Department
    Post-Print, HAL (2007) View citations (1)
    See also Journal Article in Economic Theory (2007)
39. Managerial Hedging and Portfolio Monitoring
    Working Papers, Department of Economics, University of Venice "Ca' Foscari" View citations (1)
    Also in CESifo Working Paper Series, CESifo (2004) View citations (1)
    See also Journal Article in Journal of the European Economic Association (2008)

2006

40. A Note on Walrasian Equilibria with Moral Hazard and Aggregate Uncertainty
    Working Papers, Department of Economics, University of Venice "Ca' Foscari"

2005

41. Efficient Competitive Equilibria with Adverse Selection
    CESifo Working Paper Series, CESifo View citations (13)
    See also Journal Article in Journal of Political Economy (2006)

2004

42. Ex Ante Optimality and Social Security
    2004 Meeting Papers, Society for Economic Dynamics View citations (5)
43. Market Power and Information Revelation in Dynamic Trading
    CESifo Working Paper Series, CESifo View citations (3)
    Also in Economics Working Papers, Institute for Advanced Study, School of Social Science (2002) View citations (3)
    Game Theory and Information, University Library of Munich, Germany (2002) View citations (5)
    See also Journal Article in Journal of the European Economic Association (2005)

2001

44. Efficiency Properties of Rational Expectations Equilibria with Asymmetric Information
    FMG Discussion Papers, Financial Markets Group View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2001) View citations (6)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2001) View citations (4)

2000

45. Decentralizing Incentive Efficient Allocations of Economies with Adverse Selection
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society View citations (4)

1999

46. - STOCHASTIC OLG MODELS, MARKET STRUCTURE AND OPTIMALITY
    Working Papers. Serie AD, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) View citations (48)
    Also in Working Papers, Brown University, Department of Economics (1999) View citations (50)
    See also Journal Article in Journal of Economic Theory (1999)

1998

47. A Note on the Convergence to Competitive Equilibria in Economies with Moral Hazard
    Working Papers, C.V. Starr Center for Applied Economics, New York University View citations (2)
    Also in Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra (1998) View citations (1)
48. Competitive Equilibria with Asymmetric Information
    Levine's Working Paper Archive, David K. Levine View citations (6)
    See also Journal Article in Journal of Economic Theory (1999)
49. Financial Innovation and Competition among Intermediaries
    DELTA Working Papers, DELTA (Ecole normale supérieure)

1997

50. Aggregation, Efficiency and Mutual Fund Separation in Incomplete Markets
    CIRANO Working Papers, CIRANO View citations (1)
    See also Journal Article in Economic Theory (1998)
51. General Competitive Analysis with Asymmetric Information
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1997) View citations (7)

1995

52. The Survival Assumption and Existence of Competitive Equilibria When Asset Markets are Incomplete
    Working Papers, Cambridge - Risk, Information & Quantity Signals
    See also Journal Article in Journal of Economic Theory (1996)
53. The relevance of financial policy
    LIDAM Reprints CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations (1)
    Also in LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (1990)
    Working Papers, Columbia - Graduate School of Business (1989)
    See also Journal Article in European Economic Review (1995)

1990

54. AN ANALYSIS OF THE CONDITIONS FOR THE VALIDITY OF MODIGLIANI-MILLER THEOREM WITH INCOMPLETE MARKETS
    Working Papers, Cambridge - Risk, Information & Quantity Signals View citations (1)
    See also Journal Article in Economic Theory (1995)
55. ON STATIONARY MONETARY EQUILIBRIA IN OVERLAPPING GENERATIONS MODELS WITH INCOMPLETE MARKETS
    Working Papers, Cambridge - Risk, Information & Quantity Signals View citations (2)
    See also Journal Article in Journal of Economic Theory (1996)
56. ON THE NON NEUTRALITY OF MONEY WITH INCOMPLETE MARKET
    Working Papers, Cambridge - Risk, Information & Quantity Signals
    See also Journal Article in Journal of Economic Theory (1994)

Undated

57. Generic Existence of Sunspot Equilibria: The Case of real Assets
    Penn CARESS Working Papers, Penn Economics Department
    Also in CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences View citations (2)

Journal Articles

2022

1. Comment on Optimal management of an epidemic: Lockdown, vaccine and value of life’
   Journal of Economic Dynamics and Control, 2022, 140, (C)

2021

2. Efficient policy interventions in an epidemic
   Journal of Public Economics, 2021, 200, (C) View citations (3)
   See also Working Paper (2020)

2020

3. A general equilibrium theory of banks' capital structure
   Journal of Economic Theory, 2020, 186, (C) View citations (2)
4. Can there be a market for cheap-talk information? An experimental investigation
   Games and Economic Behavior, 2020, 121, (C), 368-381 View citations (1)
   See also Working Paper (2018)

2019

5. A theory of repurchase agreements, collateral re-use, and repo intermediation
   Review of Economic Dynamics, 2019, 33, 30-56 View citations (21)
   See also Working Paper (2019)
   Working Paper (2017)
6. Competing mechanisms in markets for lemons
   Theoretical Economics, 2019, 14, (3) View citations (6)
   See also Working Paper (2016)

2017

7. Flexible contracts
   Games and Economic Behavior, 2017, 103, (C), 145-167
   See also Working Paper (2017)
8. Risk Sharing and Contagion in Networks
   Review of Financial Studies, 2017, 30, (9), 3086-3127 View citations (59)
   See also Working Paper (2014)

2016

9. Constrained Inefficiency and Optimal Taxation with Uninsurable Risks
   Journal of Public Economic Theory, 2016, 18, (1), 1-28 View citations (8)
   See also Working Paper (2015)

2015

10. Bankruptcy: Is It Enough to Forgive or Must We Also Forget?
    American Economic Journal: Microeconomics, 2015, 7, (4), 294-338 View citations (32)
    See also Working Paper (2011)
11. Capital Structure, Investment, and Fire Sales
    Review of Financial Studies, 2015, 28, (9), 2502-2533 View citations (13)
    See also Working Paper (2014)
12. Dynamic Competitive Economies with Complete Markets and Collateral Constraints
    Review of Economic Studies, 2015, 82, (3), 1119-1153 View citations (32)
    See also Working Paper (2012)
13. Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation
    American Economic Review, 2015, 105, (11), 3443-70 View citations (38)
    See also Working Paper (2015)

2014

14. Markets for information: Of inefficient firewalls and efficient monopolies
    Games and Economic Behavior, 2014, 83, (C), 24-44 View citations (7)
    See also Working Paper (2009)
15. VALUE OF INFORMATION IN COMPETITIVE ECONOMIES WITH INCOMPLETE MARKETS
    International Economic Review, 2014, 55, (1), 57-81 View citations (1)
    See also Working Paper (2010)

2013

16. Risk sharing and retrading in incomplete markets
    Economic Theory, 2013, 54, (2), 287-304 View citations (2)
    See also Working Paper (2012)

2011

17. Bankruptcy, Finance Constraints, and the Value of the Firm
    American Economic Journal: Microeconomics, 2011, 3, (2), 1-37 View citations (5)
    See also Working Paper (2011)
18. Markets and contracts
    Journal of Mathematical Economics, 2011, 47, (3), 279-288 View citations (15)
    See also Working Paper (2010)
19. Social security and risk sharing
    Journal of Economic Theory, 2011, 146, (3), 1078-1106 View citations (21)
    See also Working Paper (2009)

2008

20. Managerial Hedging and Portfolio Monitoring
    Journal of the European Economic Association, 2008, 6, (1), 158-209 View citations (19)
    See also Working Paper (2007)

2007

21. Comment on "Bertrand and Walras Equilibria under Moral Hazard"
    Journal of Political Economy, 2007, 115, (5), 893-900 View citations (4)
22. Local Sunspot Equilibria Reconsidered
    Economic Theory, 2007, 31, (3), 401-425 View citations (4)
    See also Working Paper (2007)

2006

23. Efficient Competitive Equilibria with Adverse Selection
    Journal of Political Economy, 2006, 114, (3), 485-516 View citations (94)
    See also Working Paper (2005)

2005

24. Market Power And Information Revelation In Dynamic Trading
    Journal of the European Economic Association, 2005, 3, (6), 1279-1317 View citations (15)
    See also Working Paper (2004)

2003

25. 13th European Workshop on General Equilibrium Theory
    Economics Bulletin, 2003, 28, (76), A76
26. A note on the regularity of competitive equilibria and asset structures
    Journal of Mathematical Economics, 2003, 39, (7), 763-776
27. Competitive Markets for Non-Exclusive Contracts with Adverse Selection: the Role of Entry Fees
    Review of Economic Dynamics, 2003, 6, (2), 313-338 View citations (7)

2000

28. A note on the decomposition (at a point) of aggregate excess demand on the Grassmannian1
    Journal of Mathematical Economics, 2000, 33, (4), 463-473 View citations (6)

1999

29. Competitive Equilibria with Asymmetric Information
    Journal of Economic Theory, 1999, 87, (1), 1-48 View citations (92)
    See also Working Paper (1998)
30. Disaggregation of excess demand and comparative statics with incomplete markets and nominal assets
    Economic Theory, 1999, 13, (2), 287-308 View citations (15)
31. Stochastic OLG Models, Market Structure, and Optimality
    Journal of Economic Theory, 1999, 89, (1), 21-67 View citations (52)
    See also Working Paper (1999)
32. The Structure of Sunspot Equilibria: The Role of Multiplicity
    Review of Economic Studies, 1999, 66, (3), 713-732 View citations (26)

1998

33. Aggregation, efficiency and mutual fund separation in incomplete markets
    Economic Theory, 1998, 11, (2), 443-455 View citations (10)
    See also Working Paper (1997)

1996

34. Stationary Monetary Equilibria in Overlapping Generations Models with Incomplete Markets
    Journal of Economic Theory, 1996, 71, (1), 75-89 View citations (35)
    See also Working Paper (1990)
35. The Survival Assumption and Existence of Competitive Equilibria When Asset Markets are Incomplete
    Journal of Economic Theory, 1996, 71, (2), 313-323 View citations (19)
    See also Working Paper (1995)

1995

36. An Analysis of the Conditions for the Validity of Modigliani-Miller Theorem with Incomplete Markets
    Economic Theory, 1995, 5, (2), 191-207 View citations (5)
    See also Working Paper (1990)
37. Does sunspot monetary policy matter?
    Economics Letters, 1995, 47, (3-4), 297-303 View citations (2)
38. The relevance of financial policy
    European Economic Review, 1995, 39, (6), 1133-1154 View citations (4)
    See also Working Paper (1995)

1994

39. On the Non-neutrality of Money with Incomplete Markets
    Journal of Economic Theory, 1994, 62, (1), 209-220 View citations (16)
    See also Working Paper (1990)

Editor

1. Ricerche Economiche
   Elsevier