Luciano I. de Castro

Assistant Professor – Managerial Economics & Decision Sciences

Tel.: 1(847) 491-3603

Fax: 1(847) 467-1220

Kellogg School of Management, Northwestern University

decastro.luciano@gmail.com

See my Webpage at Kellogg

Research Interests

(Click on the areas to see related publications and current working papers)

Publications

“Corrigendum to "Existence of Equilibrium in Single and Double Private Value Auctions" Econometrica, vol. 74, 6, November 2006, 1723-4.
“Pure Strategy Equilibria of Single and Double-Auctions with Interdependent Values”, Games and Economic Behavior, vol. 65, 1, 25-48, January 2009. (Co-author: A. Araujo.)
“Non-monotonicities and the all-pay auction tie-breaking rule”, Economic Theory vol. 35, 4, June 2008, 407-440. (Co-authors: A. Araujo and H. Moreira.)
“Characterization of Bidding Behavior in Multi-Unit Auctions,” Journal of Mathematical Economics, 45, 559-575. (Co-author A. Riascos.)
“How to translate results from auctions to procurement,” Economic Letters, vol. 106 (2), p. 115-118, 2010. (Co-author: M. Angeles de Frutos.)
“Testing Affiliation in Private-Values Models of First-Price Auctions Using Grid Distributions,” Annals of Applied Statistics, 4 (4), 2073-2098, 2010. (Co-author: Harry Paarsch.)
"Subjective Probability," forthcoming, Wiley Encyclopedia of Operations Research and Management Science. (Co-author: Nabil Al-Najjar.)
"Equilibrium Existence and Approximation of Regular Discontinuous Games," Economic Theory, 48, 67-85, 2011.
"Equilibria Existence and Characterization in Auctions: Achievements and Open Questions," Journal of Economic Surveys, forthcoming. (Co-author: Dan Karney.)
Tougher Educational Exam Leading to Worse Selection, Economics: The Open-Access, Open-Assessment E-Journal, v. 5, 2011-17, 2011 (Co-author: Eduardo Andrade.)
Ambiguity aversion and Absence of Trade, Economic Theory, 48, 243-273, 2011 (Co-author: A. Chateauneuf.)
Core and Equilibria under ambiguity, Economic Theory, 48, 519-548, 2011. (Co-authors: Marialaura Pesce and N. Yannelis.)

Other Publications

“Product Definition for Future Electricity Supply Auctions: The 2006 Illinois Experience,” The Electricity Journal, vol. 21, 7, 50-62, Aug.-Sept. 2008. (Co-authors: Matias Negrete-Pincetic and George Gross.)
“Response to Cavichi and Lemon: Our Analysis was Thorough.” The Electricity Journal, vol. 22, 1, 5-12, Jan.-Feb. 2009. (Co-authors: Matias Negrete-Pincetic and George Gross.)
Book: “An Introduction to Decision Theory” (with H. Faro, in Portuguese), IMPA, 2005.
Combate à Corrupção em Licitações Públicas (in Portuguese). Compras Públicas, 1, 3, Setembro 2008, 53-70.

Working Papers

Auctions and Economic Theory:

Affiliation, Equilibrium Existence and the Revenue Ranking of Auctions
Correlation of Types in Bayesian Games (formely: A New Approach to Correlation of Types in Bayesian Games)
General Monotone Comparative Statics (coming soon)

Decision Theory:
A Subjective Foundation for Objective Probabilities, with Nabil Al-Najjar.
Parametric Representation of Preferences, with Nabil Al-Najjar.
Uncertainty, Efficiency and Incentive Compatibility, with Nicholas Yannelis.

Electricity, Energy Markets:

The Economics of the Smart Grid, with Joisa Dutra.
Prediction Markets To Forecast Electricity Demand, with Peter Cramton.

Economic theory:

Uncertainty, Efficiency and Incentive Compatibility, with Nicholas Yannelis.
A new perspective to rational expectations: maximin rational expectations equilibrium, with Marialaura Pesce and N. Yannelis.