Abertis Chair of Regulation, Competition and Public Policy

Chair: Xavier Vives

The Abertis Chair of Regulation, Competition and Public Policy, created in 2006, is dedicated to researching, generating ideas and increasing knowledge in the fields of regulation, competition and public policy. The research findings contribute to the inspiration and education of employers and managers.

The Chair fosters the exchange of ideas between businesses and academic institutions. To this end, it organizes a wide range of activities, such as international symposia and congresses, regular meetings of experts from all over the world, keynote lectures, sessions for IESE’s Alumni Learning Program and courses in collaboration with the Public-Private Sector Research Center.

Research areas.

  • Business mergers, regulation and competition in Europe
  • Regulatory mechanisms in network industries
  • Regulation of the banking sector and financial markets
  • Market structure and innovation

Chair.

Xavier Vives is a professor of Economics and Financial Management, and academic director of IESE’s Public-Private Sector Research Center. He holds a PhD in Economics from the University of California, Berkeley. Vives is a research fellow of CESifo (Munich) and of the Centre for Economic Policy Research in London, among other institutions. He has advised the World Bank, the Inter-American Development Bank, the European Commission and the Federal Reserve Bank of New York on competition, regulation and corporate governance.

Sponsor.

Abertis

Publications

Journal Articles (refereed)

VIVES, X., YE, Z. (2024). Information technology and lender competition. Journal of Financial Economics. (Forthcoming) MONDRIA, J., VIVES, X., YANG, L. (2022). Costly interpretation of asset prices. Management Science, 68 (1), 52-74. doi:10.1287/mnsc.2020.3871. MANZANO, C., VIVES, X. (2021). Market power and welfare in asymmetric divisible good auctions. Theoretical Economics, 16 (3), 1095-1137. doi:10.3982/TE3675. VIVES, X., AZAR, J. (2021). General equilibrium oligopoly and ownership structure. Econometrica, 89 (3), 999-1048. doi:10.3982/ECTA17906. BAYONA, A., BRANDTS, J., VIVES, X. (2020). Information Frictions and Market Power. A Laboratory Study. Games and Economic Behavior, 122, 354-369. doi:10.1016/j.geb.2020.04.014. VIVES, X. (2020). Common Ownership, Market Power, and Innovation. International Journal of Industrial Organization, 70. doi:10.1016/j.ijindorg.2019.102528. VIVES, X. (2019). Digital Disruption in Banking. Annual Review of Financial Economics, 11, 243 - 272. doi:10.1146/annurev-financial-100719-120854.

Working Papers

VIVES, X. (2024). La competencia en los mercados digitales. CESPA, G., VIVES, X. (2017). High Frequency Trading and Fragility (WP-1161-E). Barcelona: IESE.

Proceedings

FERRANDO, A., MCADAM, P., PETROULAKIS, F., VIVES, X. (2023). Monetary policy, market power, and SMEs. (pp. 105–109). AEA Papers and Proceedings. VIVES, X., BANAL-ESTAÑOL, A., SELDESLACHTS, J. (2020). Diversification, common ownership, and strategic incentives. (pp. 561 - 564). AEA Papers and Proceedings.

Articles in other publications

VIVES, X., RIVERO, D. (2023). Open Banking. Promise and trade-offs. European Economy. Banks, Regulation, and the Real Sector, pp. 45-56. VIVES, X. (2020). La banca frente a la disrupción digital. Papeles de Economía Española (162), pp. 2 - 13.

Studies

COHEN, J., GABÁS, C., ACEITUNO, S., RIBERA, J., RIBERA, J. (2022). Proyecto Thinking Big. Análisis de las necesidades más urgentes y sus posibles soluciones en el manejo del paciente con artritis reumatoide. IESE. SALVADOR, J., RICART, J. E., TRILLAS, F., RODRÍGUEZ PLANAS, M. (2019). Planta de tratamiento de aguas residuales y emisor submarino La Chira (Perú). IESE. SALVADOR, J., RICART, J. E., TRILLAS, F., RODRÍGUEZ PLANAS, M. (2018). Acueducto El Realito (México). Case de estudio PPP for cities. IESE. RODRÍGUEZ PLANAS, M., RICART, J. E., FAGEDA, X. (2018). Telecabinas Kuélap (Perú). Case de estudio PPP for cities. IESE. SALVADOR, J., RICART, J. E., FAGEDA, X., RODRÍGUEZ PLANAS, M. (2018). VLT Carioca - Tranvía de Río (Brasil). Caso de estudio PPP for cities. IESE.

Journal Articles (refereed)

VIVES, X., YE, Z. (2024). Information technology and lender competition. Journal of Financial Economics. (Forthcoming) VIVES, X., VRAVOSINOS, O. (2024). Strategic complementarity in games. Journal of Mathematical Economics, 113, Article 103005. doi:10.1016/j.jmateco.2024.103005. VIVES, X., VRAVOSINOS, O. (2024). Free entry in a Cournot market with overlapping ownership. American Economic Journal-Microeconomics. (Forthcoming) CESPA, G., VIVES, X. (2022). Exchange competition, entry, and welfare. The Review of Financial Studies, 35 (5), 2570-2624. doi:10.1093/rfs/hhab101. MONDRIA, J., VIVES, X., YANG, L. (2022). Costly interpretation of asset prices. Management Science, 68 (1), 52-74. doi:10.1287/mnsc.2020.3871. MANZANO, C., VIVES, X. (2021). Market power and welfare in asymmetric divisible good auctions. Theoretical Economics, 16 (3), 1095-1137. doi:10.3982/TE3675. VIVES, X., AZAR, J. (2021). General equilibrium oligopoly and ownership structure. Econometrica, 89 (3), 999-1048. doi:10.3982/ECTA17906. BAYONA, A., BRANDTS, J., VIVES, X. (2020). Information Frictions and Market Power. A Laboratory Study. Games and Economic Behavior, 122, 354-369. doi:10.1016/j.geb.2020.04.014. VIVES, X. (2020). Common Ownership, Market Power, and Innovation. International Journal of Industrial Organization, 70. doi:10.1016/j.ijindorg.2019.102528. VIVES, X. (2019). Digital Disruption in Banking. Annual Review of Financial Economics, 11, 243 - 272. doi:10.1146/annurev-financial-100719-120854.

Working Papers

VIVES, X. (2024). La competencia en los mercados digitales. BANAL-ESTAÑOL, A., SELDESLACHTS, J., VIVES, X. (2022). Ownership diversification and product market pricing incentives. VIVES, X., FERRANDO, A., MCADAM, P., PETROULAKIS, F. (2021). Product market structure and monetary policy. Evidence from the Euro Area. AZAR, J., VIVES, X. (2018). Oligopoly, Macroeconomic Performance, and Competition Policy (WP-1220-E). CESPA, G., VIVES, X. (2017). High Frequency Trading and Fragility (WP-1161-E). Barcelona: IESE.

Proceedings

FERRANDO, A., MCADAM, P., PETROULAKIS, F., VIVES, X. (2023). Monetary policy, market power, and SMEs. (pp. 105–109). AEA Papers and Proceedings. VIVES, X., BANAL-ESTAÑOL, A., SELDESLACHTS, J. (2020). Diversification, common ownership, and strategic incentives. (pp. 561 - 564). AEA Papers and Proceedings. AZAR, J., VIVES, X. (2019). Common Ownership and the Secular Stagnation Hypothesis. AEA Papers and Proceedings, Vol. 109 (pp. 322 - 326). American Economic Association. VIVES, X. (2010). Competition and Stability in Banking. A New World for Competition Policy? In Sylvester C. W. Eijffinger (Ed.), The CEPR/ESI 13th Annual Conference on "Financial Supervision in an Uncertain World"; 25-26 September 2009; Venice International University, Italy. VIVES, X., TORRENS, L. (2009). La geografia econòmica de la Unió Europea i el potencial de l'Euroregió Pirineus-Mediterrània. Aportacions a la Recerca i al Debat en Economia a Catalunya. Jornada Acadèmica i Commemorativa de la Societat Catalana d'Economia; Barcelona, dimarts 5 de juny de 2007 (pp. 85 - 109).

Articles in other publications

VIVES, X., RIVERO, D. (2023). Open Banking. Promise and trade-offs. European Economy. Banks, Regulation, and the Real Sector, pp. 45-56. VIVES, X. (2022). Cuatro pasos para hacer frente a la crisis energética. IESEconomics. IESE INSIGHT, (2022). Winter is coming in Europe. IESEconomics. IESE INSIGHT, (2022). Se acerca el invierno en Europa. IESEconomics. IESE INSIGHT, (2020). The Big Picture. What's the future of banking? IESE Business School Insight (155).

Books

VIVES, X. (2016). Competition and Stability in Banking: The Role of Regulation and Competition Policy. Oxford: Princeton University Press. VIVES, X. (2012). Information and Learning in Markets. The Impact of Market Microstructure. China: Social Sciences Academic Press. VIVES, X. (2008). Information and Learning in Markets. The Impact of Market Microstructure. Oxford: Princeton University Press. VIVES, X. (1999). Oligopoly Pricing. Old Ideas and New Tools. Cambridge, MA: MIT Press. GUAL, J., VIVES, X. (1992). Ensayos sobre el sector bancario español. Madrid: Fedea.

Edited books

VIVES, X. (2009). Competition Policy in the EU. Fifty Years on from the Treaty of Rome. Cape Town: Oxford University Press. DE LA FUENTE, Á., VIVES, X. (2003). Políticas públicas y equilibrio territorial en el estado autonómico. Bilbao: Fundación BBVA.

Book Chapters

VIVES, X. (2018). Strategic Complementarities in Oligopoly. In L. Corchon and M. Marini (Ed.), Handbook of Game Theory and Industrial Organization (pp. 9 - 39). Cheltenham: Edward Elgar Publishing. VIVES, X. (2017). Regulatory Reform: Where to from Here?. In D. Evanoff, G. Kaufman, A. Leonello, S. Manganelli (Eds.), Achieving Financial Stability: Challenges to Prudential Regulation (pp. 361 - 366). New Jersey: World Scientific Publishing. MAUDOS, J., VIVES, X. (2016). Banking in Spain. In Thorsten Beck and Barbara Casu (Ed.), The Palgrave Handbook of European Banking (pp. 567 - 601). Basingstoke [England]: Palgrave Macmillan. VIVES, X. (2011). La industria financiera y la crisis. el papel de la innovación. En Francisco González, ... [et al.] (Eds.), Innovación: perspectivas para el siglo XXI (pp. 323 - 331). Bilbao: Fundación BBVA. VIVES, X., FEDERICO, G. (2011). Los Retos de la Política Energética en Europa. En Juan Luis López Cardenete; José Luis Curbelo; Eloy Álvarez Pelegry (Coord.) (Ed.), Los retos del sector energético (pp. 44 - 60). Madrid: Marcial Pons.

Studies

ACHARYA, V. V., CARLETTI, E., RESTOY, F., VIVES, X. (2024). Banking turmoil and regulatory reform. CORSETTI, G., EICHENGREEN, B., VIVES, X., ZETTELMEYER, J. (2023). The International economic and financial order after the pandemic and war. VIVES, X., DUFFIE, D., FOUCAULT, T., VELDKAMP, L. (2022). Technology and finance. VIVES, X., BOLTON, P., HONG, H., KACPERCZYK, M. (2021). Resilience of the financial system to natural disasters. CARLETTI, E., CLAESSENS, S., FATÁS, A., VIVES, X. (2020). The Bank Business Model in the Post-Covid-19 World.