Research

Publications

1. Does the Presence of a Public Firm Facilitate Merger Approvals?, with Kiriti Kanjilal and Ana Espinola-Arredondo, Economics Letters. 2022, vol. 219. Working paper version here.
2. Environmental Policy Helping Antitrust Decisions: Socially excessive and insufficient merger approvals, with Pak-Sing Choi and Ana Espinola-Arredondo. Resource and Energy Economics, 2022, vol. 67, 101267. Working paper version here.
3. Pollution Abatement with Disruptive R&D Investment, with Ana Espinola-Arredondo and John Strandholm. Resource and Energy Economics. 2021, 66, 101258, Working paper version here.
4. Regulators and Environmental Groups: Better Together or Apart?, with Ana Espinola-Arredondo and Eleni Stathopoulou. Environment and Development Economics. 2021, vol. 27(1), pp. 40-66. Working paper version here.
5. Common Pool Resources with Endogenous Equity Shares, with Kiriti Kanjilal. Strategic Behavior and the Environment, 2021, vol. 9, pp. 103-143. Working paper version here.
6. Can Mandatory Certification Promote Greenwashing? A Signaling Approach, with Ana Espinola-Arredondo and Dolores Garrido. Journal of Public Economic Theory, 2020, vol. 22(6), pp. 1801-1851. Working paper version here.
7. Campaign Limits and Policy Convergence with Asymmetric Agents, with Eric Dunaway. Public Choice, 2020, vol. 184, pp. 429-461. Working paper version here, and appendix.
8. Endogenous Equity Shares in Cournot Competition: Welfare Analysis and Policy, with Kiriti Kanjilal. The B.E. Journal of Economic Analysis and Policy, 2020, 20(1). Working paper version here.
9. Organic Mergers and Acquisitions: When Are They Welfare Improving?, with Ana Espinola-Arredondo and AeRin Jung. Journal of Industry, Competition, and Trade, 2020, vol. 20, pp. 59-91. Working paper version here.
   
10. The Anticipatory Effects of Taxation in the Commons: When Do Taxes Work and When Do They Fail? with Ana Espinola-Arredondo and Isaac Duah. Ecological Economics, 2019, vol. 166, 106433. Working paper version here and appendix.
    
11. Transboundary Natural Resources, Externalities, and Firm Preferences for Regulation, with Sherzod Akhundjanov.  Environmental and Resource Economics, 2019, vol. 73(1), pp 333–352. Working paper version here and appendix.
12. International Coordination of Environmental Policies: Is it Always Worth the Effort?, with Ana Espinola-Arredondo and Jude Bayham. Environment and Development Economics, 2019, 24(3), pp. 294-316. Working paper version here.
    
13. Strategic Emission Fees: Using Green Technology to Deter Entry, with Ana Espinola-Arredondo and Boying Liu.  Journal of Industry, Competition, and Trade, 2019, 19, pp. 313-349. Working paper version here.
    
14. Conservation Procurement Auctions with Bidirectional Externalities, with Ana Espinola-Arredondo and Pak-Sing Choi. Journal of Environmental Economics and Management, 2018, 92, pp. 559-579. Working paper version here.
    
15. Explaining Hypothetical Bias Variations using Income Elasticity of Demand, with Tongzhe Li. Journal of Behavioral and Institutional Economics, 2018, 35(3), pp. 207-224. Working paper version here.
16. Regulation, Free-Riding Incentives, and Investment in R&D with Spillovers, with Ana Espinola-Arredondo and John Strandholm. Resource and Energy Economics, 2018, 53, pp. 133-146. Working paper version here.
    
17. Can Banning Spatial Price Discrimination Improve Social Welfare?, with Ziying Yang. Journal of Industry, Competition, and Trade, 2018, 18(2), pp. 223–243. Working paper version here.
18. Information Transmission During the Trial: The Role of Punitive Damages and Legal Costs, with Ana Espinola-Arredondo and Pitchayaporn Tantihkarnchana,  Journal of Public Economic Theory, 2018, 20(2), pp. 136-155. Working paper version here.
19. Non-profit Product Differentiation, with Robert Rosenman. Economics Bulletin, 2017, 37(3), pp. 1415-1420. Working paper version here.
20. Firm Preferences for Environmental Policy: Industry Uniform or Firm Specific?, with Sherzod Akhundjanov. Strategic Behavior and the Environment, 2016, 6(1-2), pp. 135-180. Working paper version here.
    
21. Can Polluting Firms Favor Regulation?, with Sherzod Akhundjanov. The B.E. Journal of Economic Analysis and Policy, 2016, 16(4), pp.1-23  Working paper version here, and appendix.
22. Profit-Enhancing Environmental Policy: Uninformed Regulation in an Entry-Deterrence Model, with Ana Espinola-Arredondo. Journal of Regulatory Economics, 2016, 50(2), pp. 146-163. Working paper version here.
    
23. An Excessive Development of Green Products?, with Ana Espinola-Arredondo. Economics of Governance, 2016, 17(2), pp. 101-129. Working paper version here.
    
24. Can Poorly Informed Regulators Hinder Competition?, with Ana Espinola-Arredondo. Environmental and Resource Economics, 2015, 61(3), pp. 433-461. Working paper version here.
    
25. Why do Firms Oppose Entry-Deterring Policies? Environmental Regulation and Entry Deterrence, with Ana Espinola-Arredondo. Environment and Development Economics, 2015, 20(2), pp. 141-160. Working paper version here.
    
26. Cooperation and Signaling with Uncertain Social Preferences, with John Duffy. Theory and Decision, 2015, 78(1), pp. 45-75. Working paper version here.
    
27. The Signaling Role of Subsidies, with Ana Espinola-Arredondo. The B.E. Journal of Economic Analysis and Policy, 2015, 15(1), pp. 157-178. Working paper version here.
    
28. The Entry-Deterring Effects of Inflexible Regulation, with Ana Espinola-Arredondo and Jude Bayham. Canadian Journal of Economics, 2014, 47(1), pp. 298-324. Working paper version here.
    
29. Asymmetric Information may Protect the Commons: The Welfare Benefits of Uninformed Regulators, with Ana Espinola-Arredondo. Economics Letters, 2013, 121(3), pp. 463-67. Working paper version here.
    
30. Capacity Constrained Firms and Expansion Subsidies: Should Governments Avoid Generous Subsidies?, with Gulia Zaynutdinova. Journal of Industry, Competition and Trade, 2013, 13(4), pp. 563-97. Working paper version here.
    
31. Don’t Forget to Protect Abundant Resources, with Ana Espinola-Arredondo. Strategic Behavior and the Environment, 2013, 3(4), pp. 251-278. Working paper version here.
    
32. When does Environmental Regulation Facilitate Entry-Deterring Practices?, with Ana Espinola-Arredondo.  Journal of Environmental Economics and Management, 2013, 65(1), pp. 133-152. Working paper version here.
33. Uncovering Entry Deterrence in the Presence of Learning-by-Doing, with Ana Espinola-Arredondo. Journal of Industry, Competition and Trade, 2013, 13(3), pp. 319-338. Working paper version here.
    
34. When do Firms Support Environmental Agreements?, with Ana Espinola-Arredondo. Journal of Regulatory Economics, 2012, 41(3), pp. 380-401. Working paper version here.
    
35. Patience or Fairness? Analyzing Social preferences in Repeated Games, with John Duffy. Games, 2012, 3, pp. 56-77. Working paper version here.
    
36. When Should a Firm Expand its Business? The Signaling Implications of Business Expansion, with Esther Gal-Or and  Ana Espinola-Arredondo. International Journal of Industrial Organization, 2011, 29, pp. 729-745. Working paper version here.
    
37. Can Incomplete Information lead to Under-Exploitation in the Commons? with  Ana Espinola-Arredondo. Journal of Environmental Economics and Management, 2011, 62, pp. 402-413. Working paper version here.
    
38. Risk Aversion in Auctions with Asymmetrically Informed Bidders: a “Desensitizer” from Uncertainty, with Sandra Orozco-Aleman. Economics Letters, 2011, 112, pp. 38-41. Working paper version here.
39. Competition for Status Acquisition in Public Good Games, Oxford Economic Papers, 2011, pp. 1-19. Working paper version here and online appendix.
40. Free-Riding in International Environmental Agreements: A Signaling Approach to Non-Enforceable Treaties, with Ana Espinola-Arredondo, Journal of Theoretical Politics, 2011, 23(1), pp. 111-134. Working paper version here.
    

Other (peer-reviewed) Publications

1. Firm Preferences for Environmental Regulation, with Sherzod Akhundjanov, Review of Environment, Energy and Economics. November 2014.
2. A Systematic Presentation of Equilibrium Bidding Strategies to Undergraduate Students, Journal of Economics and Economic Education Research. 2014, 15(2), pp. 109-120. (Link to working paper version.)
3. The Entry-Deterring Effects of Environmental Policy, with Ana Espinola-Arredondo, Review of Environment, Energy and Economics, January 2013.
4. A Systematic Procedure for Finding Perfect Bayesian Equilibria in Incomplete Information Games. The B.E. Journal of Industrial Organization Education, vol. 6(1), Article 8, 2012. (Link to working paper version.)
5. The Intuitive and Divinity Criterion: Interpretation and Step-by-Step Examples, with Ana Espinola-Arredondo. The B.E. Journal of Industrial Organization Education,   vol. 5(1), Article 7, 2010. (Link to working paper version.)
6. Last-Chance Sales: What Makes them Credible?, with Heriberto Gonzalez. Ensayos Revista de Economia, vol. 28(1), 2009.

Books

1. Common Pool Resources: Strategic Behavior, Inefficiencies, and Incomplete Information, with Ana Espinola-Arredondo. Cambridge University Press, October 2021.
2. Solutions Manual to accompany “Common Pool Resources: Strategic Behavior, Inefficiencies, and Incomplete Information,” with  Ana Espinola-Arredondo. Cambridge University Press, October 2021.
3. Auction Theory: Introductory Exercises with Answer Keys, with Pak-Sing Choi. Springer-Nature, May 2021.
4. Industrial Organization: Practice Exercises with Answer Keys, with Pak-Sing Choi and Eric Dunaway. Springer-Nature, January 2021.
5. Intermediate Microeconomic Theory: Tools and Step-by-Step Examples, with Ana Espinola-Arredondo, The MIT Press, October 2020.
6. Practice Exercises for “Intermediate Microeconomic Theory”, with Eric Dunaway, John Strandholm, and Ana Espinola-Arredondo, The MIT Press, October 2020.
7. Solutions Manual to accompany “Intermediate Microeconomic Theory: Tools and Step-by-Step Examples”, with Eric Dunaway, John Strandholm, and Ana Espinola-Arredondo, The MIT Press, October 2020.
8. Advanced Microeconomic Theory: An Intuitive Approach with Examples, Felix Munoz-Garcia, The MIT Press, August 2017.
9. Practice Exercises for “Advanced Microeconomic Theory”, Felix Munoz-Garcia, The MIT Press, August 2017.
10. Solutions Manual to accompany “Advanced Microeconomic Theory: An Intuitive Approach with Examples” (only available to instructors), Felix Munoz-Garcia, The MIT Press, August 2017.
11. Strategy and Game Theory – Practice Exercises with Answers, with Daniel Toro-Gonzalez, Springer-Nature. First edition, August 2016; Second edition, June 2019. Reprint, December 2020
12. Game Theory Applications to Environmental Economics, with Ana Espinola-Arredondo (editors), World Scientific Publishers, October 2016.

Book Chapters

• “The Role of Information in the Tragedy of the Commons,” with Ana Espinola-Arredondo, in Analyzing Global Environmental Issues: Theoretical and Experimental Applications and their Policy Implications, February 2013. Ariel Dinar and Amnon Rapoport, eds., Routledge Publishing.
• “Environmental Negotiations under Uncertainty,” with Ana Espinola-Arredondo, in Analyzing Global Environmental Issues: Theoretical and Experimental Applications and their Policy Implications, February 2013. Ariel Dinar and Amnon Rapoport, eds., Routledge Publishing.

Working Papers

• Optimal Patent Lengths in Polluting Industries, with Pak-Sing Choi, Eugenio Diaz-Farina, and Ana Espinola-Arredondo.
• Signaling under Bilateral Uncertainty: Do Green Consumers Lead to More Greenwashing?, with Ana Espinola-Arredondo and Dolores Garrido.
• Picking Green Teams: How Environmental Groups Choose Collaboration when Firms are Asymmetric, with Ana Espinola-Arredondo and John Strandholm.
• Can Abolishing Environmental Regulation Lead to a Welfare and Profit Loss?,  with Ana Espinola-Arredondo.
• Nonlinear Pricing with Costly Information Acquisition, with Brett Devine.

Former PhD students

• Jude Bayham, PhD in 2013, Assistant Professor at Colorado State University.
• Yongwon Cho, PhD in 2013, Korea Institute for Industrial Economics and Trade, Seoul, South Korea.
• Tongzhe Li, PhD in 2015, Assistant Professor at the University of Guelph, Canada.
• Sherzod Akhundjanov, PhD in 2016, Assistant Professor at Utah State University.
• Ziying Yang, PhD in 2017, Assistant Professor at Southwestern University of Finance and Economics, China.
• John Strandholm, PhD in 2017, Assistant Professor at University of South Carolina-Upstate.
• Eric Dunaway, PhD in 2018, Assistant Professor at Wabash College, Indiana.
• Kiriti Kanjilal, PhD in 2018, Assistant Professor at IIIT, Delhi, India.
• Brett Devine, PhD in 2018, Assistant Professor at Hamline University, Minnesota.
• Pak-Sing Choi, PhD in 2018, Assistant Professor at National Central University, Taiwan.
• Xinlong Tan, PhD in 2018, Chief Data Officer, Bayes Data Intelligence Technology Service Inc., China.
• Austin Miller, PhD in 2018, Assistant Professor at Hamline University, Minnesota.
• Jukwan Lee, PhD in 2019, Korea Institute for International Economic Policy, Seoul, South Korea.
• Kiana Yektansani, PhD in May 2020, Lecturer at University of Illinois at Chicago.
• Dolores Garrido, PhD in May 2020, Visiting Assistant Professor at Union College, New York.
• Yenjae Chang, PhD in April 2021, Associate Research Fellow, Korea Energy Economics Institute, South Korea.
• Chelsea Pardini, PhD in April 2021, Postdoc, New York University.
• Joseph Navelski, PhD in April 2023 (expected), Senior Quantitative Analyst at TD Bank.