PIERO GOTTARDI

 

Current Position:

 

Professor of Economics

Department of Economics,  European University Institute 

(since Sept. 2008, on leave from Department of Economics, Universita' di Venezia)

Head of Department (Jan. 2012 - )

 

Education:

 

1985 Laurea (B.Sc.) (Universita’ di Venezia) Economics

1987 M.Phil. (University of Cambridge) Economics

1991 Ph.D. (University of Cambridge) Economics

 

 

 Previous Positions:

 

 1989 - 1990: Junior Research Officer, Department of Applied Economics, University of Cambridge

1989 - 1994: Prize Research Fellow, Trinity College, Cambridge

1992 - 2000: Associate Professor of Economics, Dipartimento di Scienze Economiche, Universita' di Venezia

2000 - 2008: Professor of Economics,  Dipartimento di Scienze Economiche, Universita' di Venezia

 

1992 (Fall), 1996 (Oct.), 1997 (Oct.), 2000 (Oct.), 2002 (Apr., Nov.), 2004 (Feb., Oct.): Visiting Professor, Department of Economics, New York University

1995 (Fall): Visiting Associate Professor, Department of Economics, Harvard University

1996 (Dec.): Visiting Professor, Universita’ Bocconi, Milan.

1998 (Jan. – Feb.), 2001 (Jan. – Feb.), 2002 (Apr.), 2003 (Apr.): Visiting Professor, Universitat Pompeu Fabra, Barcelona

1998 (Fall): Visiting Associate Professor, Cowles Foundation, Yale University

1999 (Spring): Visiting Associate Professor, Brown University

2000 (Dec.): Visiting Professor, Humboldt Universitat, Berlin

2001 (June): Visiting Professor, IMPA, Rio de Janeiro

2001 (Aug.): Visiting Professor, Norwegian School of Economics and Business Administration  (Norges Handelshøyskole  -  NHH), Bergen

2002 (Dec.): Visiting Professor, Collegio de Mexico, Mexico City

2003 (Apr.), 2004 (Apr.), 2006 (March), 2007 (March), 2008 (January, April): Visiting Professor, Universitat Autonoma Barcelona

2003 (Dec.): Visiting Professor, Univ. Paris I

2004 (July): Visiting Scholar, CES, Munich

2005 (April): Visiting Professor, Universidad Carlos III, Madrid

2005 (Sept.): Visiting Scholar, Economic Theory Centre, University of Melbourne

2006 (June): Visiting Professor, Universidad Alicante

2006 (Aug.): Visiting Researcher, Charles Univ., Prague.

2007, 2008, 2009 (July/Aug.): Visiting Professor, University of York

2007/2008:  Visiting Scholar, Institute of Advanced Study, Princeton

 

 

Professional Activities:

 

Associate Editor: Journal of Economic Theory (Jan. 1996 – present)

Associate Editor, Journal of Public Economic Theory (Oct. 1999 – present)

Member Advisory Board, Decisions in Economics and Finance ((Dec. 1999 - present)

Co-Editor: Research in Economics/Ricerche Economiche (June 1996 - Dec. 2001)

Member Editorial Board: Ricerche Economiche (sept. 1994 - june 1996)

Research Fellow, CESifo  (2004 -  present)

Economic Theory Fellow, SAET (2011 – present)

 

Co-Editor Special Issue Journal of Mathematical Economics, Vol. 41, Issues 4-5 (with A. Kajii and M. Quinzii)

 

Referee: Econometrica, Review  of Economic  Studies, American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of the European Economic Association, Rand Journal of Economics,  Journal of Economic Dynamics and Control, Review of Economic Dynamics,  Journal of Public Economics, American Economic Journal: Microeconomics, Theoretical Economics, International  Economic Review,  Economic Theory,  Economics Letters, Journal of Mathematical Economics, Mathematical Social Sciences, Macroeconomic Dynamics, Economica, European Economic Review, Canadian Journal of Economics, Oxford Economic Papers,  Economic  and  Social  Studies, CESifo Economic Studies, European  Journal   of Operational   Research, Metroeconomica, Economic Notes, Scandinavian Journal of Economics, Journal of Economics, Spanish Economic Review, Economia Politica.

National Science Foundation, Israel Science Foundation, Kluwer Academic Publisher, Routledge.

 

Member Programme Committee:

-   European Meetings Econometric Society, 1998, 2001, 2002

-   European Finance Association Meetings, 2001, 2003, 2004

-   V, VI, VII, VIII and IX Conferences of the Society for the Advancement of Economic Theory, 2001, 2003, 2005, 2007, 2009, 2011

-   European Workshop on General Equilibrium, 2003, 2007, 2010

-   ASSET Meeting, 2007, 2008

-   PET Meeting, 2009, 2010

Co-Organizer:

-   Workshop in Economic Theory, Istituto Veneto Scienze, Lettere ed Arti, Venezia, 1995-1999 (with Y. Balasko, D. Gale)

-   Conference on "Efficiency in  Economies  with  Public  Goods  and Private Information", Universita’ di Venezia, 1996 (with S. Weber)

-   Colloquia on Economic Research, IGIER, Milan, 1997, 1998  (with G. Maggi and A. Bisin)

-   Conference on 'Information, Financial Markets and the Business Cycle', Rome, 2000 (with G. Bertocchi and P. Reichlin)

-   Summer School on 'Contracts and Markets with Boundedly Rational Agents', VIU, 2001  (with P. Battigalli and M. Marinacci)

-   Workshop on "Intergenerational Risk Sharing and Contracts", Fiesole,  2002  (with G. Bertocchi and P. Reichlin)

-   13th European Workshop on General Equilibrium, VIU, 2004  (with F. Kubler)

 

 

Teaching:

European University Institute

                        Microeconomic Theory (Ph.D.)

Topics on Risk Sharing, Markets and Information (Ph.D.)

Universita’ di Venezia:

Intermediate Microeconomics (undergraduate),

Economics of Uncertainty and Information (undergraduate),

Game Theory (undergraduate)

Mathematical Economics (undergraduate)

Microeconomic Theory (Ph.D.).

 

Harvard University:

Mathematical Approaches to General Equilibrium (Ph.D.).

Universitat Pompeu Fabra, Barcelona:

Financial Economics I (Master in Economics)

Topics in Microeconomics (Ph.D.)

Dynamic Macroeconomic Theory and Incentives (Ph.D.)

Yale University:

Mathematical Economics (Ph.D.).

Brown University:

Topics in Economic Theory (Ph.D.)

Game Theory and Applications to Economics (undergraduate)

Universitat Autonoma Barcelona:

Financial Markets and Macroeconomics (Ph.D.)

Finance (Ph. D.)

Topics in Finance and Macroeconomics (Ph.D.)

Universidad Carlos III, Madrid:

Topics in Microeconomics: Competitive Equilibria under Uncertainty  (Ph.D.)

 

 

Shorter courses:

Universita’ Bocconi:

                        Intertemporal Macroeconomics  (undergraduate)

   Humboldt Universitat:

                           Competitive Equilibria under Uncertainty. Finance and GE  (Ph.D.)

 Norwegian School of Economics and Business Administration (NHH):

                        Financial Markets and Macroeconomics  (Ph.D.)                

Universitat Zurich:

Financial Markets and Macroeconomics  (undergraduate)

 

Selected Publications:

  • Alberto Bisin, John Geanakoplos, Piero Gottardi, Enrico Minelli and Heraklis Polemarchakis: "Markets for Contracts",   Journal of Mathematical Economics 47 (May 2011), 279-288.
  • Piero Gottardi – Douglas Gale: “Bankruptcy, Finance Constraints and the Value of the Firm”, American Economic Journal: Microeconomics  3 (May 2011), 1-37.
  • Piero Gottardi – Felix Kubler: “Social Security and Risk Sharing”, Journal of Economic Theory  146 (May 2011), 1078-1106.
  • Alberto Bisin - Piero Gottardi - Adriano Rampini:  "Managerial Hedging and Portfolio Monitoring", Journal of the European Economic Association 6 (March 2008), 158–209.
  • Piero Gottardi – Belen Jerez: “Comment on ‘Bertrand and Walras Equilibria under Moral Hazard’”, Journal of Political Economy  115 (October) 2007, 893-900.
  • Julio Davila - Piero Gottardi - Atsushi Kajii: "Local Sunspot Equilibria Reconsidered", Economic Theory 31 (June 2007), 401-425.
  • Alberto Bisin – Piero Gottardi: "Efficient Competitive Equilibria with Adverse Selection", Journal of Political Economy  114 (June 2006), 485–516
  • Piero Gottardi - Roberto Serrano: "Market Power and Information Revelation in Dynamic Trading", Journal of the European Economic Association 3 (December 2005), 1279-1317.
  • Alberto Bisin - Piero Gottardi: "Competitive Markets for Non-Exclusive Contracts with Adverse Selection: the Role of Entry Fees", Review of Economic Dynamics 6 (April 2003), 313-338.  
  • Piero Gottardi - Atsushi Kajii: "A Note on the Regularity of Competitive Equilibria and Asset Structures", Journal of Mathematical Economics 39 (September 2003), 763-776.
  • Piero Gottardi - Andreu Mas-Colell: "A Note on the Decomposition (at a point) of Aggregate Excess Demand on the Grassmannian", Journal of Mathematical Economics 33 (2000), 463-473.
  • Subir Chattopadhyay - Piero Gottardi: "Stochastic OLG, Market Structure, and Optimality", Journal of Economic Theory, 89(1) (November 1999), 21-67.
  • Alberto Bisin - Piero Gottardi: "Competitive Equilibria with Asymmetric Information", Journal of Economic Theory 87(1) (July 1999), 1-48.
  • Alberto Bisin - Piero Gottardi - Danilo Guaitoli: "A Note on the Convergence to Competitive Equilibria in Economies with Moral Hazard", in P.J.J. Herings, G. Van der Laan and A.J.J. Talman, "Theory of Markets", North Holland, 1999 (pp. 229- 246).
  • Piero Gottardi - Atsushi Kajii: "The Structure of Sunspot Equilibria: the Role of Multiplicity", Review of Economic Studies 66(3) (July 1999), 713-732.
  • Piero Gottardi - Thorsten Hens: "Disaggregation of Excess Demand and Comparative Statics with Incomplete Markets and Nominal Assets", Economic Theory 13(2) (March 1999), 287-308.
  • Jerome Detemple - Piero Gottardi: "Aggregation, Efficiency and Mutual Fund Separation in Incomplete Markets", Economic Theory 11(2) (March 1998), 443-457.
  • Piero Gottardi - Thorsten Hens: "The Survival Assumption and the Existence of Competitive Equilibria with Incomplete Markets", Journal of Economic Theory 71(2) (Nov. 1996) 313-323.
  • Piero Gottardi: "Stationary Monetary Equilibria in Overlapping Generations Models with Incomplete Markets", Journal of Economic Theory 71(1) (Oct. 1996) 75-89.
  • Jerome Detemple - Piero Gottardi - Heraklis Polemarchakis: "The Relevance of Financial Policy", The European Economic Review 39 (June 1995), 1133-1154.
  • Piero Gottardi: "An Analysis of the Conditions for the Validity of Modigliani-Miller Theorem with Incomplete Markets", Economic Theory 5 (March 1995), 191-207.
  • Piero Gottardi: "Does Sunspot Monetary Policy Matter ?", Economics Letters 47 (March 1995), 297-303.
  • Piero Gottardi: "On the Non Neutrality of Money with Incomplete Markets, Journal of Economic Theory 62 (Feb. 1994), pp. 209-220.
  • Piero Gottardi - Pablo Neumeyer: "La Politica Monetaria en Economias en Mercados Incompletos", Cuadernos de Economia 50 (June 1992), pp. 7-37.

 

Working Papers:

  • Piero Gottardi – Felix Kubler: “Dynamic Competitive Economies with Complete Markets and Collateral Constraints”, Feb. 2012.
  • Piero Gottardi - Atsushi Kajii – Tomoyuki Nakajima: "Optimal Taxation and Debt Policy in Infinite Horizon Economies with Incomplete Markets", May 2011.
  • Piero Gottardi – Atsushi Kajii – Tomoyuki Nakajima: “Constrained Inefficiency and Optimal Taxation with Uninsurable Risks”, revised June 2011.
  • Alberto Bisin - Piero Gottardi – Guido Ruta: "Equilibrium Corporate Finance: Makowski meets Prescott and Townsend” revised Oct. 2011.
  • Piero Gottardi – Jean-Marc Tallon – Paolo Ghirardato: “Flexible Contracts”, revised Feb. 2012
  • Antonio Cabrales – Piero Gottardi:  “Markets for Information: Of Inefficient Firewalls and Efficient Monopolies”, revised Aug. 2011.
  • Ronel Elul – Piero Gottardi: "Personal Bankruptcy: Is it Enough to Forgive or must we also Forget?", revised September 2011.
  • Piero Gottardi – Rohit Rahi: “Value of Information in Competitive Economies with Incomplete Markets”,  revised Oct. 2011.
  • Piero Gottardi – Rohit Rahi: “Risk Sharing and Retrading in Incomplete Markets”, Jan. 2012.
  • Alberto Bisin - Piero Gottardi: "Decentralizing Efficient Allocations in Economies with Adverse Selection: the General Case", revised Sept. 2009.
  • Piero Gottardi and Rohit Rahi: "Efficiency Properties of Rational Expectations Equilibria with Asymmetric Information",  revised 2003.
  • Alberto Bisin - Piero Gottardi: "When are Asymmetric Information Economies Walrasian?",  Feb. 2001.
  • Alberto Bisin - Piero Gottardi: "Competitive Equilibria of Economies with Moral Hazard. A Note on Helpman-Laffont", Feb. 1998.
  • Piero Gottardi - Marie-Odile Yanelle: "Financial Innovation and Competition among Intermediaries", May 1998.

 

Work in Progress: 

  • Piero Gottardi – Nicola Pavoni: "Ramsey Asset Taxation Under Asymmetric Information "
  • Sergio Currarini – Piero Gottardi – Massimo Morelli:  “Competitive Trade Networks”
  • Douglas Gale – Piero Gottardi: “Firms’ Investment and Financing in Dynamic Economies”
  • Piero Gottardi - Claudio Mezzetti: “Information and Bargaining”
  • Antonio Cabrales – Piero Gottardi – Fernando Vega Redondo: “Contagion and Risk Sharing”
  • Piero Gottardi – Felix Kubler: “Dynamic General Equilibrium with Complete Markets and Collateral”
  • Piero Gottardi – Roberto Serrano: “Information Transmission and Competitive Equilibria with Asymmetric Information”

 

back.gif (4823 bytes)BACK