Antonio Cabrales

Curriculum Vitae

[Contact Information] [Personal Information] [Education] [Academic Employment] [Teaching Experience] [Publications] [Working papers] [Research Grants] [Graduate advising] [Editorial work] [Academic Service] [Honors]

Contact Information

Personal Information

Education

Academic Employment

September 2020-
Professor, Dept. of Economics, Universidad Carlos III de Madrid.
September 2013-August 2020
Professor, Dept. of Economics, University College London.
September 2006-August 2016
Professor, Dept. of Economics, Universidad Carlos III de Madrid.
February 2005-August 2006
Professor, Dept. of Economics, Universitat Pompeu Fabra, Barcelona.
September 1998-February 2005
Associate Professor, Dept. of Economics, Universitat Pompeu Fabra, Barcelona.
September 1993-August 1998
Assistant Professor, Dept. of Economics, Universitat Pompeu Fabra, Barcelona.
September 1995-August 1996
Visiting Scholar, Dept. of Economics, University College, London.
September 1992-August 1993
Teaching Assistant, Dept. of Economics, University of California, San Diego.
September 1987-August 1988
Teaching Assistant, Dept. of Economics, Universidad Complutense de Madrid.

Teaching Experience

Graduate:
1994-1995, 1996-1997, Game Theory and Contracts;
2000-2002, 2004-2006, Advanced Game Theory;
2003-2006, Microeconomics II (Game theory and General Equilibrium);
2004-2006, Competition Policy;
2006-2007, Advanced Microeconomics I
Undergraduate:
2014-, Principles of Economics (with the Core Econ text);
2009-2013, Principios de Economía (Principles of Economics);
2006-2008, Microeconomía II;
2015-2017, Industrial Economics.
2001-2002, Negotiation;
1993-1995, 1999-2002, Game Theory;
1997-2002, 2013-14 An introduction to the economics of information;
1996-1997, Economic Theory II (intermediate microeconomics);
1993-1994, 1996-1997, Introduction to Economics I (introductory microeconomics);
1987-1988, Intermediate microeconomics and macroeconomics, (at Universidad Complutense de Madrid)

Published papers

  1. Antonio Cabrales, Antonio Espin, Praveen Kujal, and Stephen Rassenti (2022), Trustors’ disregard for trustees deciding quickly or slowly in three experiments with time constraints.
    Nature Scientific Reports, forthcoming.
  2. Valerio Capraro, Andrea Vanzo, and Antonio Cabrales (2022), Playing with words: Do people exploit loaded language to affect others' decisions for their own benefit?
    Judgement and Decision Making, 17: 50-69.
  3. Antonio Cabrales, Penélope Hernández, and Angel Sánchez (2020), Robots, labor markets and universal basic income.
    Humanities & Social Sciences Communications, 7: 185. Supplementary material.
  4. Antonio Cabrales, Francesco Feri, Piero Gottardi, and Miguel Angel Meléndez (2020),Can there be a market for cheap-talk information? Some experimental evidence.
    Games and Economic Behavior, 121: 368-381.
  5. Ghazala Azmat, Manuel Bagues, Antonio Cabrales and Nagore Iriberri (2019), What you know... Can't hurt you? A natural field experiment on relative performance feedback in higher education.
    Management Science, 65: 3714-3736.
  6. Antonio Cabrales, Maia Güell, Rocío Madera and Analía Viola (2019), Income contingent university loans:policy design and an application to Spain.
    Economic Policy, 34: 479-521.
  7. Facundo Albornoz-Crespo, Antonio Cabrales and Esther Hauk (2019), Occupational choice with endogenous spillovers.
    Economic Journal, 129: 1953-1970.
  8. Facundo Albornoz-Crespo, Paula Calvo, Antonio Cabrales and Esther Hauk (2018), Immigrant Children's School Performance and Immigration Costs: Evidence from Spain.
    Economics Letters, 170C: 27-30.
  9. Facundo Albornoz-Crespo, Samuel Berlinski and Antonio Cabrales (2018), Motivation, resources and the organization of the school system.
    Journal of the European Economic Association, 16:199-231.
  10. Facundo Albornoz-Crespo, Antonio Cabrales and Esther Hauk (2018), Immigration and the School System.
    Economic Theory, 65:855-890.
  11. Antonio Cabrales, Piero Gottardi and Fernando Vega (2017), Risk Sharing and Contagion in Networks.
    Review of Financial Studies, 30:3086-3127.
  12. Antonio Cabrales, Olivier Gossner and Roberto Serrano (2017), A Normalized Value for Information Purchases.
    Journal of Economic Theory, 170:266-288.
  13. Antonio Cabrales, Juan J. Dolado, and Ricardo Mora (2017), Dual Labour Markets and (Lack of) On-the-Job Training: Evidence for Spain Using PIAAC Data.
    SERIEs, Journal of the Spanish Economic Association, 8:345-371.
  14. Facundo Albornoz-Crespo, Antonio Cabrales, Esther Hauk and Pablo Warnes (2017), Intergenerational field transitions in economics.
    Economics Letters, 154:1-5.
  15. Brindusa Anghel, Antonio Cabrales and Jesus Carro (2016), Evaluating a bilingual education program in Spain: the impact beyond foreign language learning.
    Economic Inquiry, 54:1202-23.
  16. Antonio Cabrales and Haydée Lugo (2016), An impure public good model with lotteries in large groups.
    International Tax and Public Finance, 23:218-33.
  17. Brindusa Anghel, Antonio Cabrales Jorge Sainz and Ismael Sanz (2015), Publicizing the results of standardized external tests: Does it have an effect on school outcomes?.
    IZA Journal of European Labor Studies, 4:7.
  18. Antonio Cabrales and Piero Gottardi (2014), Markets for Information: Of Inefficient Firewalls and Efficient Monopolies. Online Appendix.
    Games and Economic Behavior, 83:24-44.
  19. Brindusa Anghel and Antonio Cabrales (2014), The Determinants of Success in Primary Education in Spain.
    Journal of Public Programs and Policy Evaluation , 2:22-53.
  20. Facundo Albornoz-Crespo and Antonio Cabrales (2013), Decentralization, Political Competition and Corruption..
    Journal of Development Economics, 105:103-111.
  21. Lasse Loepfe, Antonio Cabrales, and Angel Sánchez (2013), Towards a Proper Assignment of Systemic Risk: The Combined Roles of Network Topology and Shock Characteristics.
    PLoS ONE, 8: Article number: e77526 doi:10.1371/journal.pone.0077526.
  22. Antonio Cabrales and Sergi Jiménez-Martín (2013), The Determinants of Pricing in Pharmaceuticals: Are U.S. prices really so high?.
    Health Economics, 22:1377-1397.
  23. Antonio Cabrales and José Ramón Uriarte (2013), Doubts and Equilibria..
    Journal of Evolutionary Economics, 23:783-810.
  24. Antonio Cabrales, Olivier Gossner and Roberto Serrano (2013), Entropy and the value of information for investors..
    American Economic Review, 103:360-377.
  25. Gregory B. Pollock, Antonio Cabrales, Steven W. Rissing and Kenneth G. Binmore (2012), Suicidal Punishment in the Ant Acromyrmex versicolor.
    Evolutionary Ecology Research, 14:951-971.
  26. Antonio Cabrales, Rosemarie Nagel and José Vicente Rodríguez-Mora (2012), It is Hobbes, not Rousseau An Experiment on Social Insurance.
    Experimental Economics, 15:278-308.
  27. Jelena Grujiç, Burcu Eke, Antonio Cabrales, José A. Cuesta and Angel Sánchez (2012), Three is a crowd in iterated prisoner's dilemmas: experimental evidence on reciprocal behavior.
    Nature Scientific Reports, 2: Article number: 638 doi:10.1038/srep00638
  28. Antonio Cabrales and Roberto Serrano (2012), Stochastically Stable Implementation.
    SERIEs, Journal of the Spanish Economic Association, 3:59-72.
  29. Antonio Cabrales and Roberto Serrano (2011), Implementation in Adaptive Better-Response Dynamics: Towards a General Theory of Bounded Rationality in Mechanisms.
    Games and Economic Behavior, 73:360-374. Corrigendum..
  30. Antonio Cabrales, Gary Charness and Marie Claire Villeval (2011), Competition, Hidden Information and Efficiency: An Experiment.
    Experimental Economics, 14:133-159.
  31. Antonio Cabrales, Antoni Calvó-Armengol and Yves Zenou (2011), Social Interactions and Spillovers: Incentives, Segregation and Topology.
    Games and Economic Behavior, 72:339-360.
  32. Antonio Cabrales and Esther Hauk (2011), Democracy and the curse of natural resources.
    Economic Journal, 121:58-88.
  33. Antonio Cabrales and Gary Charness (2011), Optimal Contracts wih Team Production and Hidden Information: An Experiment.
    Journal of Economic Behavior and Organization, 77:163-176.
  34. Antonio Cabrales, Raffaele Miniaci, Marco Piovesan and Giovanni Ponti (2010), Social Preferences and Strategic Uncertainty: an Experiment on Markets and Contracts.
    American Economic Review, 100:2261-2278.
  35. Antonio Cabrales (2010), The causes and economic consequences of envy.
    SERIEs, Journal of the Spanish Economic Association, 1:371-386.
  36. Álex Arenas, Antonio Cabrales, Leon Danon, Albert Díaz-Guilera, Roger Guimerà, Fernando Vega-Redondo (2010), Optimal Information Transmission in Organizations: Search and Congestion.
    Review of Economic Design, 14:75-93.
  37. Gregory B. Pollock and Antonio Cabrales (2008), Suicidal Altruism under Random Assortment.
    Evolutionary Ecology Review, 10:1077-1086.
  38. Antonio Cabrales and Antoni Calvó-Armengol (2008), Interdependent Preferences and Segregating Equilibria.
    Journal of Economic Theory, 139:99-113.
  39. Antonio Cabrales, Antoni Calvó-Armengol and Nicola Pavoni (2008), Social Preferences, Skill Segregation and Wage Dynamics.
    Review of Economic Studies, 75:65-98.
  40. Antonio Cabrales, Rosemarie Nagel and Roc Armenter (2007), Equilibrium Selection Through Incomplete Information in Coordination Games: An Experimental Study.
    Experimental Economics, 10:221-234.
  41. Antonio Cabrales and Antoni Calvó-Armengol (2007), Corporate Downsizing to Rebuild Team Spirit: How Costly Voting Can Foster Cooperation.
    Journal of the European Economic Association, 5:1016-1042.
  42. Jordi Brandts, Antonio Cabrales and Gary Charness (2007), Forward Induction and the Excess Capacity Puzzle: An Experimental Investigation .
    Economic Theory, 33:183-209.
  43. Gregory B. Pollock, Antonio Cabrales and Steven W. Rissing (2004), On Suicidal punishment among "Acromyrmex Versicolor" Cofoundresses: the Disadvantage in Personal Advantage.
    Evolutionary Ecology Research, 6:891-917.
  44. Antonio Cabrales, Gary Charness and Luis Corchón (2003), An Experiment on Nash Implementation.
    Journal of Economic Behavior and Organization, 51 :161-193.
  45. Antonio Cabrales, Antoni Calvó-Armengol and Matthew O. Jackson (2003), La Crema: A Case Study of Mutual Fire Insurance.
    Journal of Political Economy, 111:425-458.
  46. Roger Guimerà, Albert Díaz-Guilera, Fernando Vega-Redondo, Antonio Cabrales and Àlex Arenas (2002), Optimal network topologies for local search with congestion.
    Physical Review Letters, 89(24):248701.
  47. Antonio Cabrales and Massimo Motta (2001), Country Asymmetries, Endogenous Product Choice and the Speed of Trade Liberalization.
    European Economic Review, 45:87-107.
  48. Antonio Cabrales and Giovanni Ponti (2000), Implementation, Elimination of Weakly Dominated Strategies and Evolutionary Dynamics.
    Review of Economic Dynamics, 3:247-282.
  49. Antonio Cabrales (2000), Stochastic Replicator Dynamics.
    International Economic Review, 41:451-481.
  50. Antonio Cabrales, Walter García-Fontes and Massimo Motta (2000), Risk Dominance Selects the Leader: An Experimental Analysis.
    International Journal of Industrial Organization, 18:137-162.
  51. Antonio Cabrales (1999), Adaptive Dynamics and the Implementation Problem with Complete Information.
    Journal of Economic Theory, 86:159-184.
  52. Massimo Motta, Jacques François Thisse and Antonio Cabrales (1997), On the Persistence of Leadership and Leapfrogging in International Trade.
    International Economic Review, 38:809-824.
  53. Antonio Cabrales and Hugo Hopenhayn (1997), Nash Bargaining with Downward Rigid Wages.
    Economics Letters, 57:213-218.
  54. Antonio Cabrales and Hugo Hopenhayn (1997), Labor Market Flexibility and Aggregate Employment Volatility.
    Carnegie-Rochester Conference Series on Public Policy, 46:189-228.
  55. Antonio Cabrales and Takeo Hoshi (1996), Heterogeneous Beliefs, Wealth Accumulation and Asset Price Dynamics.
    Journal of Economic Dynamics and Control, 20:1073-1100.
  56. Antonio Cabrales and Joel Sobel (1992), On the Limit Points of Discrete Selection Dynamics .
    Journal of Economic Theory, 57:407-420.

Working papers

  1. Cevat Giray Aksoy, Antonio Cabrales, Mathias Dolls,Ruben Durante, and Lisa Windsteiger (2021) , Calamities, Common Interests, Shared Identity: What Shapes Altruism and Reciprocity?
  2. Cristina Bellés-Obrero, Antonio Cabrales, Sergi Jiménez-Martín and Judit Vall-Castelló (2021), Women’s Education, Fertility and Children’s Health during a Gender Equalization Process: Evidence from a Child Labor Reform in Spain.
  3. Antonio Cabrales, Francesco Feri, Piero Gottardi, and Miguel Angel Meléndez (2021),Communication and social preferences: an experimental analysis.
  4. Siddhartha Bandyopadhyayy and Antonio Cabrales (2020), Pricing group membership.
  5. Antonio Cabrales, Irma Clots-Figueras, Roberto Hernán-González and Praveen Kujal (2020), Institutions, opportunism and prosocial behavior: Some experimental evidence.
  6. Antonio Cabrales, Ryan Kendall, and Angel Sánchez (2020), Gender differences in the effectiveness of prosocial policies: an application to road safety.
  7. Pablo Brañas-Garza, Antonio Cabrales, Guillermo Mateu, Angel Sánchez and Angela Sutan (2018), Does pre-play social interaction improve negotiation outcomes?
  8. Samuel Bentolila, Antonio Cabrales and Marcel Jansen (2018), The Impact of Dual Vocational Education on the Labor Market Insertion of Youth: Evidence from Madrid.
  9. Antonio Cabrales, Michalis Drouvelis, Zeynep Gurguc and Indrajit Ray (2017), Transparency is overrated: communicating in a coordination game with private information.
  10. Cristina Bellés-Obrero, Antonio Cabrales, Sergi Jiménez-Martín and Judit Vall-Castelló (2017), Mothers' care: reversing early childhood health shocks through parental investments."
  11. Antonio Cabrales, Antonio Espin, Praveen Kujal, and Stephen Rassenti (2017), Humans' (incorrect) distrust of reflective decisions.
  12. Gregory B. Pollock, Antonio Cabrales and Steven W. Rissing (2011), On suicidal punishment among Acromyrmex versicolor cofoundresses: Comparative stability of suicide and self preservation.
  13. Brindusa Anghel and Antonio Cabrales (2010), Los Determinantes del Éxito en Educación Primaria en España.
  14. Antonio Cabrales, Antoni Calvó-Armengol and Leonard Wantchekon (2007), Pathway from Communist Revolution to Liberal Democracy.
  15. Antonio Cabrales (2003), Pharmaceutical Generics, Vertical Product Differentiation and Public Policy. Working paper UPF 662.
  16. Antonio Cabrales and Walter García-Fontes (2000), Estimating Learning Models with Experimental Data. Working paper UPF 501.
  17. Antonio Cabrales and Hugo Hopenhayn (1998), Job Dynamics, Correlated Shocks and Wage Profiles. Working paper UPF 260.

Research Grants

Graduate advising

Refereeing and Editorial work

Academic Service

Honors