Education

• Ph.D. in Economics, June 1989, Stanford University.  Thesis advisor: Paul Milgrom.  Thesis title: "Essays in Industrial Organization and Regulation."
• Masters in Economics, June 1985, Universidade Nova de Lisboa.
• B.A. ("Licenciatura") in Economics, June 1983, Universidade Católica Portuguesa.
• Honors: Banco Português do Atlântico Prize (best student in undergraduate class), 1983.  A. Melo Foundation Prize (best student in Masters program), 1985.  Fulbright scholarship, 1985-89, 1993.  European Association for Research in Industrial Economics (EARIE) prize (best young scholar paper), 1989.  Research Professor, Stern School of Business, 2002-.

Current positions

• Professor of Economics (2000-); Research Professor (2001-); Professor of Management and Organizations (by courtesy, 2002-), Stern School of Business, New York University.

Previous appointments

• Visiting Professor, Department of Economics and Cowles Foundation, Yale University (2006-2007).
• Chair, Department of Economics, Stern School of Business, New York University (2003-2006).
• Visiting Associate Professor, Haas School of Business, University of California, Berkeley (1999-2000).
• Associate Professor (1996-1998), Professor (1998-2000), London Business School.
• Teaching Assistant (1984-85), Assistant Professor (1989-92), Associate Professor (1992-96), Faculdade de Economia, Universidade Nova de Lisboa.
• Teaching and Research Assistant, Stanford University, 1988-89.
• Summer intern, General Motors Research Laboratories (Operating Sciences Department), 1988.
• Teaching Assistant, Universidade Católica Portuguesa, 1980-85.

Publications: journal articles

• "Go for Broke or Play it Safe? Dynamic Competition with Choice of Variance" (with Axel Anderson), forthcoming in Rand Journal of Economics.
• "An Equilibrium Approach to International Merger Policy," International Journal of Industrial Organization 23 (2005), 739-751.
• "Bertrand Supertraps" (with J. Miguel Villas-Boas), Management Science 51 (2005), 599-613.
• "Simultaneous Entry and Welfare, European Economic Review 48 (2004), 943-957.
• "On the Evolution of the Firm Size Distribution: Facts and Theory" (with José Mata), American Economic Review 93 (2003), 1075-1090.
• "International Merger Policy Coordination," Japan and the World Economy 15 (2003), 21-30.
• "Horizontal Mergers With Free Entry: Why Cost Efficiencies May be a Weak Defense and Asset Sales a Poor Remedy," International Journal of Industrial Organization 21 (2003), 607-623.
• "R&D Competition When Firms Choose Variance," Journal of Economics and Management Strategy 12 (2003), 139-150.
• "Increasing Dominance With No Efficiency Effect," Journal of Economic Theory 102 (2002), 471-479.
• "Stretching Firm and Brand Reputation," RAND Journal of Economics 31 (2000), 658-673.
• "R&D Cooperation and Product Market Competition," International Journal of Industrial Organization 18 (2000), 1033-1047.
• "Competing For Foreign Direct Investment" (with Pedro Barros), Review of International Economics 8 (2000), 360-371.
• "Meaningful Cheap Talk Must Improve Equilibrium Payoffs" (with Lanny Arvan and Vasco Santos), Mathematical Social Sciences 37 (1999), 97-106.
• "Monopoly Pricing with Network Externalities" (with David Salant and Glenn Woroch), International Journal of Industrial Organization 17 (1999), 199-214.
• "Exchange Rates and Market Shares" (with António S. Mello), Economics Letters 55 (1997), 61-67.  Erratum, 57 (1997), 127-128.
• "The Learning Curve, Predation, Antitrust, and Welfare (with Michael Riordan), Journal of Industrial Economics 45 (1997), 155-169.
• "Conjectural Variations as a Reduced Form," Economics Letters 49 (1995), 397-402.
• "Must Sell" (with József Sákovics), Journal of Economics and Management Strategy 4 (1995), 55-68.
• "Sunk Costs, Firm Size and Firm Growth," Journal of Industrial Economics 18 (1995), 161-172.  Translated into Chinese and published in Economic Development Research (East China University of Science and Technology), No. 4, 1996.
• "Bias in Market R and D Portfolios," International Journal of Industrial Organization 12 (1994), 533-547.
• "The Learning Curve, Market Dominance, and Predatory Pricing" (with Michael H. Riordan), Econometrica 62 (1994), 1115-1140.
• "Merger Policy in Open Economies" (with Pedro P. Barros), European Economic Review 38 (1994), 1041-1055.
• "Experience Advantages and Entry Dynamics," Journal of Economic Theory 59 (1993), 403-416.
• "Optimal Matching Auctions," Economics Letters 37 (1991), 7-9.
• "Switching Costs and Bidding Parity in Government Procurement of Mainframe Computers" (with Shane Greenstein), Journal of Law, Economics and Organization 6 (1990), 453-469.
• "On the Adoption of Innovations with `Network' Externalities," Mathematical Social Sciences 19 (1990), 299-308.
• "Optimal Pricing of the Portuguese Telephone Service," Applied Economics 22 (1990), 211-220.
• "Incentives for Cost Reduction Under Price Cap Regulation" (with Michael H. Riordan), Journal of Regulatory Economics 1 (1989), 93-102.  Reprinted in M. Einhorn (Ed.), Price Caps and Incentive Regulation in the Telecommunications Industry, Norwell, Mass.: Kluwer Academic Publishers, 1991, 155-165.
• "Asymmetric Equilibria in Symmetric Games with Many Players," Economics Letters 27 (1988), 205-208.

Publications: books and book chapters

• "Standards Battles and Public Policy" (with Tobias Kretschmer), in S. Greenstein and V. Stango (Eds), Standards and Public Policy, Cambridge, UK: CUP, 2007, 329-344.
• "Equilibrium, Epidemic and Catastrophe: Diffusion of Innovations With Network Effects," in C. Antonelli, B. Hall, D. Foray and E. Steinmueller (Eds), New Frontiers in the Economics of Innovation and New Technology: Essays in Honor of Paul David, London, UK: Edward Elgar, 2006, 427-437.
• Introduction to Industrial Organization, Cambridge, Mass.: MIT Press, 2000.  Translated into Italian (2002), Chinese (2002), Russian (2003), Greek (2004).
• Economia Industrial (an undergraduate textbook on Industrial Organization), Lisbon: McGraw-Hill, 1994 (Portuguese edition).  Madrid: McGraw-Hill, 1997 (Spanish edition).
• "An Empirical Analysis of Bank Branching: Portugal 1989-1991" (with W. Robert Majure), in D. Neven and L.-H. Roller (Eds), The Empirical Analysis of Industrial Organization (Report of a conference organized by the WZB, Berlin), London: CEPR, 1994.
• "Network Consumption Externalities: The Case of Portuguese Telex Service (with António Leite), in C. Antonelli (Ed.), The Economics of Information Networks, Amsterdam: North-Holland, 1992, 129-139.
• "Foreign Entry and Domestic Welfare" (with Pedro P. Barros), in J. F. Amaral, D. Lucena, A. S. Mello (Eds.), The Portuguese Economy Towards 1992, Boston: Kluwer Academic Publishers, 1992, 101-116.

Publications: other

• "Barriers to Entry," forthcoming in Steven N. Durlauf and Lawrence E. Blume (Eds), The New Palgrave Dictionary of Economics, 2nd edition, Basingstoke and New York: Palgrave Macmillan.
• "Market Power and Efficiency in Card Payment Systems: A Comment on Rochet and Tirole" Review of Network Economics 5 (2006), 15-25.
• "Collusion Theory: Where to Go Next?," Journal of Industry, Competition and Trade 5 (2005), 199-206.
• Review of R. Hardin's "Trust and Trustworthiness," in Journal of Economic Literature 41 (2003), 953-954.
• "The California Electricity Crisis,Japan and the World Economy14 (2002), 335-339.
• Comments on Clemons, Hitt, Gu, Thatcher, and Weber, Journal of Financial Services Research 22 (2002), 91-93.
• Comments on D. Sull and C. Markides, "easyJet's $500 Million Gamble," European Management Journal 17 (1999), 20-38.

Work under review

• "Technology Adoption With Multiple Alternative Designs and the Option to Wait" (with Cristian Dezso)
• "Dominant Firms, Imitation, and R&D Incentives" (with Ben Polak)
• "The Dynamics of Seller Reputation: Theory and Evidence from eBay" (with Ali Hortacsu).
• "Are Sunk Costs a Barrier to Entry?" (with Thomas Ross).
• Small Firms in Portugal: A Selective Survey of Stylized Facts, Economic Analysis, and Policy Implications"

Invited presentations

• In the U.S. and Canada: Bell Communications Research Labs, Boston University (3+), California Institute of Technology, Columbia University (2), Dartmouth (Tuck School of Business), Duke-UNC (2), General Motors Research Labs, Georgetown University, GTE Labs, Harvard, MIT, New York University (3+), Northwestern University (2), PennState, Purdue University, Queens University, Rutgers University, Stanford University (3+), SUNY Stony Brook, University of Arizona, University of British Columbia (3+), University of California-Berkeley (3+), University of California-Los Angeles (2), University of California-San Diego, University of California-Santa Cruz, University of Chicago, University of Colorado-Boulder, University of Illinois-Urbana, University of Maryland, University of Michigan, University of Pennsylvania (2), University of Rochester (2), University of Southern California, University of Toronto (2), University of Virginia, University of Wisconsin-Madison, Yale University.
• In the U.K.: Cambridge University, London Business School (3+), London School of Economics (3+), Oxford University, Queen Mary and Westfield College, University College London, University of Essex, University of Nottingham, University of Southampton, Warwick University, York University.
• In Europe: University of Athens, Bocconi University, CORE (2), ECARES (ULB), European Commission, European University Institute (Florence), Fundacion Empresa Publica (Madrid), IESE Business School, Insead (2), ISEG (Lisbon) (2), Tilburg University, Trinity College Dublin, University of Alicante (2), University Autonoma de Barcelona, University of Bergen, University of Bern, University Catolica Portuguesa (3+), University Complutense de Madrid, University of Copenhagen (2), University of Lausanne, University of Leuven (KUL), University of Lisbon (CMAF), University of Minho, University of Navarra, University Nova de Lisboa (3+), University of Oslo, University Pompeu Fabra, University of Porto, University of Vigo, University of Zurich, WZB (Berlin).
• Elsewhere: Atami (Japan), Gertulio Vargas (Rio de Janeiro), Hebrew University Jerusalem, Hong-Kong Technical University, PUC (Rio de Janeiro), Tel-Aviv University, University of Kobe, Universidad de la Republica (Uruguay), Universidad de los Andes (Santiago, Chile).
• Other invited presentations: Econometrics Society European Winter Meetings (Alicante, 2000). Finnish Doctoral Program Annual Meeting (Helsinki, June 1990). Toulouse IO Workshop, 1991. Network of Industrial Economics (Lancaster University, 1997). UBC Summer IO Conference (Vancouver, July 2001). Competitive Strategy Conference (Montreal, June 2002). Keynote Speaker, Portuguese Industrial Organization Society (Lisbon, January 2003). Conference on Networks and Standards (Moskow, June 2003). Conference on Standards and Public Policy (Chicago, May 2004). Keynote speaker, Southern European Association for Economic Theory (Barcelona, November 2004). Keynote Speaker, European Association for Research in Industrial Economics (Porto, September 2005).

Teaching Experience

• Undergraduate economics: microeconomics, industrial organization, competitive analysis.
• Graduate economics: industrial organization and game theory.
• MBA: microeconomics and game theory.

Editorial duties

• Co-Editor, Journal of Economics and Management Strategy, 2004-.
• General Editor, Journal of Industrial Economics, 1999-2003.
• Associate Editor: B.E. Journal of Economic Analysis and Policy (2005-), Portuguese Economic Journal (2002-), Review of Network Economics (2000-), International Journal of Industrial Organization (1995-1998), Investigaciones Economicas (1994-1998), Economia (1989-).
• Referee: American Economic Review, Econometrica, Economic Journal, European Economic Review, International Economic Review, International Journal of Industrial Organization, Journal of Economic Dynamics and Control, Journal of Economic Theory, Journal of Economics and Management Strategy, Journal of the European Economic Association, Journal of Industrial Economics, Journal of Political Economy, Journal of Public Economics, Management Science, Marketing Science, Quarterly Journal of Economics, Rand Journal of Economics, Review of Economic Studies, and other journals.

Other profession activities

• Research Fellow, Centre for Economic Policy Research, London.
• Research Affiliate, Center for Experimental Social Science, New York University.
• Research Associate, The Center for Japan-U.S. Business and Economic Studies, New York University.
• Visiting Scholar, Santa Fe Institute (1989), Boston University (1989, 1993, 1994), Stanford University (1993), Institut d'Anàlisi Econòmica (1993).
• Doctoral theses committees (main advisor): Pedro P. Barros, 1993; Margarida Lopes, 1999; Tobias Kretschmer, 2001; Flavio Toxvaerd, 2002; Cristian Dezso, 2006.
• Doctoral theses committees (member): Alessandro Gavazza, 2005, Giovanni Serio (2006), Martin Paredes (exp 2006).
• Doctoral theses external examiner: Paul Povel (LSE, 1998); Helder Vasconcelos (European University Institute, 2002), Jeanine Thal (Toulouse, 2006).
• Master's theses committees (main advisor): Pedro Pereira, 1991; Margarida Lopes, 1993; Isabel Ucha da Silva, 1994; Nuno Martins, 1996.
• Member of the Executive Committee: Southern European Association for Economic Theory (ASSET), 1992-1996. European Association for Research in Industrial Economics (EARIE), 1994-1999.
• Member of the Advisory Committee: Research Unit on Complexity in Economics (UECE/ISEG, Lisbon, Portugal).
• Conference organizer or co-organizer: European Summer Symposium in Economic Theory, Switzerland, various years.  ASSET Annual Meeting, Lisbon, November 1994.  Portuguese Economics Research Society 1st Meeting, Lisbon, April 1996.
• Member of the Program Committee: Econometric Society European Meeting (1999, 2006, 2007). European Association for Research in Industrial Economics (1994, 1997,2001, 2002, 2003, 2007).  European Economic Association (1995, 1996, 2002).  European Research Workshop in International Trade (1992).  International Telecommunications Society (World Conference), 1996. 
• Affiliate, Law and Economics Consulting Group (2001-), Applied Economic Solutions (2001-)
• Chief Economic Adviser, Autoridade da Concorrencia (Portugal) (2005-).
• Consultant: Federal Reserve Bank of New York, Bank of Portugal, Pfizer Pharmaceuticals, OECD, European Commission, Portugal's Minister of Finance, Portuguese Competition Authority.

Personal data

• Born on June 8, 1961 in Lisbon, Portugal.  Portuguese citizen.  U.S. permanent resident.  Hobbies include painting and saxophone playing. More information at luiscabral.com

Updated January 2007

[Luís Cabral's homepage]