Andrea Prat

Complete Curriculum Vitae: PDF File

Current Position: Professor of Economics.

Major fields: Organizational economics, political economy, game theory.

Other:

• Co-director, Programme for the Study of Economic Organisation and Public Policy in STICERD
• Director, Industrial Organization Program, CEPR
• Coordinator for the LSE Economics Department, European Doctoral Programme (EDP)
• Chairman, Review of Economic Studies
• Associate Editor, Theoretical Economics
• Council Member, European Economic Association
• Council Member, Royal Economic Society
• Fellow, British Academy
• Principal Investigator, Executive Time Use Project

Contact Details

• Tel: 020-7955-6992
• Fax: 020-7955-6951
• Email: a.prat (with extension @lse.ac.uk)
• Room number: R.538
• Secretarial Support: Gisela Lafico, Tel: 020-7955-6674
• Postal Address: STICERD, LSE, Houghton Street, London WC2A 2AE, UK
• Office Hours: Tuesday 14:30 - 15:30

Teaching

• EC441 Advanced Microeconomics (Lent)
• EC453 Political Economy (Lent)

Working Papers

• "Communication and Influence" (with Antoni Calvó-Armengol and Joan de Martí), previously circulated as "Endogenous Communication in Complex Organizations."
• "The Political Economy of Mass Media"(a survey with David Strömberg)
• "Organizational Economics with Cognitive Costs"(a survey with Luis Garicano)
• "Measuring the Impact Factor of Agents within an Organization Using Communication Patterns"(with Ignacio Palacios-Huerta)
• "Screening with an Approximate Type Space"(with Kristóf Madarász)
• "What Do CEOs Do?" (with Oriana Bandiera, Luigi Guiso, and Raffaella Sadun)
• "Matching Firms, Managers, and Incentives" (with Oriana Bandiera, Luigi Guiso, and Raffaella Sadun)
• "Spatial Asset Pricing: A First Step" (with Francois Ortalo-Magne).
• "On the Political Economy of Urban Growth: Homeownership against Affordability" (with Francois Ortalo-Magne)
• "Commercial Television and Voter Information" (with David Strömberg)
• "Pension Fund Governance and the Choice between Defined Benefit and Defined Contribution Plans" (with Timothy Besley)
• "Sequential Common Agency" (with Aldo Rustichini)

Publications on International Journals

• "Institutional Trade Persistence and Long-Term Equity Returns" (with Amil Dasgupta and Michela Verardo), previously circulated as "The Price of Conformism," Journal of Finance, 6692):635-53, April 2011.
• "The Price Impact of Institutional Herding" (with Amil Dasgupta and Michela Verardo), Review of Financial Studies, 24(3): 892-925, March 2011.
• "Is Private Campaign Finance a Good Thing? Estimates of the Potential Informational Benefits" (with Riccardo Puglisi and James Snyder), Quarterly Journal of Political Science, 5(3): 892-925, March 2011.
• "Active and Passive Waste in Government Spending: Evidence from a Policy Experiment" (with Oriana Bandiera and Tommaso Valletti), American Economic Review, 99(4): 1278–1308, September 2009.
• "Information aggregation in financial markets with career concerns," (with Amil Dasgupta), Journal of Economic Theory, 143(1): 83-113, November 2008.
• "Language and the Theory of the Firm" (with Jacques Cremer and Luis Garicano), Quarterly Journal of Economics 122(1): 373-407, February 2007.
• "Handcuffs for the Grabbing Hand? The Role of the Media in Political Accountability" (with Timothy Besley), American Economic Review, 96(3): 720-736, June 2006.
• "Financial Equilibrium with Career Concerns" (with Amil Dasgupta), Theoretical Economics, forthcoming, Volume 1, Issue 1, March 2006.
• "The Wrong Kind of Transparency", American Economic Review, 95(3): 862-877, June 2005. For a previous version with additional material, click here.
• "Games Played through Agents" (with Aldo Rustichini), Econometrica 71(4), 2003.
• "Risk Taking and Optimal Contracts for Money Managers" (with Frederic Palomino), RAND Journal of Economics 34(1): 113-137, 2003.
• "Campaign Advertising and Voter Welfare" Review of Economic Studies 69(4): 997-1017, 2002.
• "Campaign Spending with Office-Seeking Politicians, Rational Voters, and Multiple Lobbies" Journal of Economic Theory 103(1): 162-189, 2002.
• "Should a Team Be Homogeneous?" European Economic Review (46)7: 1187-1207, 2002.
• "Inefficient Equilibria in Lobbying (with Georg Kirchsteiger)," Journal of Public Economics (82)3: 349-375, 2001.
• "The Value of Public Information in Monopoly" (with Marco Ottaviani), Econometrica 69(6): 1673-1683, 2001.
• "Spectrum Auctions versus Beauty Contests: Costs and Benefits " (with Tommaso Valletti), Rivista di Politica Economica 91(3): 59-110, 2001.
• "An Economic Analysis of Campaign Finance," World Economics 1(2):13--28, 2000.
• "Efficiency Properties of a Constant-Ratio Mechanism for the Distribution of Tradable Emission Permits," in Environmental Markets, Eds. G. Chichilnisky and G. Heal, Columbia University Press, 2000.
• "Hierarchies of Processors with Endogenous Capacity," Journal of Economic Theory, 77(1), p. 214-222, 1997.
• "Shared Knowledge vs. Diversified Knowledge in Teams," Journal of the Japanese and International Economies, 10, 181-195, 1996.

Other Publications

• "How Do CEOs Spend their Time?" Vox, 28 May 2011.
• The Ruling Class: Management and Politics in Modern Italy (editor, with Tito Boeri and Antonio Merlo), Oxford University Press, 2010.
• La classe dirigente: intreccio tra business e politica (editor, with Tito Boeri and Antonio Merlo), Oxford University Press, 2010.
• "Perché nella ricerca non facciamo gli inglesi?" (with Oriana Bandiera), La Voce, 21 Luglio 2010.
• "Che cosa determina la qualità della ricerca in un sistema universitario pubblico? Analisi di dati internazionali e discussione dell'esperienza britannica", Presentation to the Italian Parlament, 18 March 2010.
• " A Political Economy View of Financial Regulation," Vox, 9 March 2009.
• "Italian Managers: Fidelity or Performance?," Report prepared for The Ruling Class, X European Conference, Fondazione Rodolfo Debenedetti, 2008.
• "Rational Voters and Political Advertising," in the Oxford Handbook of Political Economy (eds. Barry R. Weingast and Donald A. Wittman), 2006.
• " Tutti uguali davanti alla borsa", Radio 3 Scienza, 15 December 2005 (informal discussion of The Price of Conformism on an Italian radio program -- starts at minute 15).
• "The More Closely we are Watched, the Better we Behave?", in Transparency: The Key to Better Governance? (eds. Christopher Hood and David Heald), Oxford University Press, 2006.
• "Miti e realtà della scuola italiana", La Voce, 27 June 2005.
• "Una lezione dal Perù", La Voce, 16 May 2005.
• "Credible Pensions" (with Timothy Besley), Fiscal Studies, vol. 26(1): 119–135, 2005.
• "Torino-Lione: 13 miliardi spesi bene?", La Voce, 14 May 2004.
• "La cittadinanza dei bambini" (with Graziella Bertocchi), La Voce, 16 October 2003.
• "La governance dei fondi pensione privati," Rivista di Politica Economica Marzo-Aprile 2003, p. 197--226.
• "Mass Media and Political Accountability" (with Timothy Besley and Robin Burgess), in The Right to Tell: The Role of Mass Media in Economic Development (ed. Roumeen Islam), The World Bank, 2002.
• "Lo `spettro' delle frequenze radio" (with Tommaso Valletti), Mercato, Concorrenza, Regole, II, 3, 2000
• "Efficiency Properties of a Constant-Ratio Mechanism for the Distribution of Tradable Emission Permits," in Environmental Markets, Eds. G. Chichilnisky and G. Heal, Columbia University Press, 2000
• "Fretta e incertezza sono state cattive consigliere" (with Tommaso Valletti), Il Sole 24 Ore, 26 October 2000
• "UMTS: un business che merita l'asta" (with Tommaso Valletti), Il Sole 24 Ore, 18 april 2000
• "Risk Incentives in the Money Management Industry" (with Frederic Palomino), Risico and Rendement, 1999

Last updated: 12 October 2011.