Print Overview
Luciano I. de Castro is an Assistant Professor of Managerial Economics and Decision Sciences. He joined the faculty at the Kellogg School of Management in 2010. He holds a PhD in Mathematical Economics from IMPA. His research interests include auction theory, decision theory and economic theory and energy markets. Professor de Castro is currently working on statistical dependence in auctions and models of decision theory with exchangeability.

Areas of Expertise
Economic Theory
Economics of Uncertainty
Equilibrium
Game Theory
Information Economics
Mechanism Design
Microeconomics
Print Vita
Education
1995, Electronic Engineer, ITA (Aeronautics Technological Institute)
PhD, 2004, Mathematical Economics, IMPA
Master in Sciences, 2001, Mathematical Economics, IMPA
MBA, 1999, Getulio Vargas Foundation

Academic Positions
Assistant Professor, Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 2010-present
Visiting Assistant Professor, Managerial Economics and Decision Sciences, Kellogg School of Management, Northwestern University, 2008-2010
Assistant Professor, Univ. of Illinois at Urbana-Champaign, 2007-2008
Visiting Professor, Univ. Carlos III de Madrid, 2005-2007
Post-doc researcher, IMPA, 2004-2005

Grants and Awards
Haralambos Simeonidis Prize, National Association of Economic Schools
Institutional Capacitation Program Research Grant, Ministry of Science and Technology
Booster Award, Initiative for Sustainability and Energy at Northwestern (ISEN), 2013, one year
First Place, Economic Theory Best Paper, Brazilian Econometric Society, 2012, one year

Editorial Positions
Associate Editor, Economic Theory, 2010-Present

 
Print Research
Research Interests
Game theory; Economic theory; Decision theory

Articles
Al-Najjar, Nabil and Luciano de Castro. 2014. Parametric Representation of Preferences. Journal of Economic Theory. 150: 642-67-86.
de Castro, Luciano and Dan Karney. 2012. Equilibria Existence and Characterization in Auctions: Achievements and Open Questions. Journal of Economic Surveys. 26(5): 911-932.
de Castro, Luciano and Eduardo Andrade. 2011. Tougher Educational Exam Leading to Worse Selection. Economics: The Open-Access, Open-Assessment E-Journal. 5: 2011-2017.
de Castro, Luciano and A. Chateauneuf. 2011. Ambiguity Aversion and TraDe. Economic Theory. 48: 243-273.
de Castro, Luciano. 2011. Equilibrium Existence and Approximation of Regular Discontinuous Games. Economic Theory. 48: 67-85.
de Castro, Luciano, Marialaura Pesce and Nicholas Yannelis. 2011. Core and Equilibria unDer Ambiguity. Economic Theory. 48: 519-548.
de Castro, Luciano and de Frutos M. Angeles. 2010. How to translate results from auctions to procurement. Economic Letters. 106(2): 115-118.
de Castro, Luciano and Harry Paarsch. 2010. Testing Affiliation in Private-Values Models of First-Price Auctions Using Grid Distributions. The Annals of Applied Statistics. 4(4): 2073-2098.
de Castro, Luciano, Matias Negrete-Pincetic and George Gross. 2009. Response to Cavichi and Lemon: Our Analysis was Thorough. The Electricity Journal. 22(1): 5-12.
de Castro, Luciano and Aloisio Araujo. 2009. Pure Strategy Equilibria of Single and Double-Auctions with Interdependent Values. Games and Economic Behavior. 65(1): 25-48.
de Castro, Luciano and A. Riascos. 2009. Characterization of Bidding Behavior in Multi-Unit Auctions. Journal of Mathematical Economics.(45): 559-575.
de Castro, Luciano, Aloisio Araujo and H. Moreira. 2008. Non-monotonicities and the all-pay auction tie-breaking rule. Economic Theory. 35(4): 407-440.
de Castro, Luciano, Matias Negrete-Pincetic and George Gross. 2008. Product Definition for Future Electricity Supply Auctions: The 2006 Illinois Experience. The Electricity Journal. 21(7): 50-62.
de Castro, Luciano. 2006. Corrigendum to "Existence of Equilibrium in Single and Double Private Value Auctions". Econometrica,. 74(6): 1723-4.
Working Papers
de Castro, Luciano and Harry Paarsch. Forthcoming. How to translate results from auctions to procurement. Annals of Applied Statistics.
de Castro, Luciano. 2013. Monotonic Selections and Comparative Statics.
de Castro, Luciano and Rakesh Vohra. 2013. A Unifying Goal for Energy Policy: Improving Economic Efficiency.
de Castro, Luciano and Rakesh Vohra. 2013. On the Design of Electricity Markets.
de Castro, Luciano, Pedro N. Ferreira and Rakesh Vohra. 2013. The Re-Regulation Debate: Average vs. Marginal Pricing.
Al-Najjar, Nabil and Luciano de Castro. 2013. Ergodic Theory without Probability.
de Castro, Luciano, Marialaura Pesce and Nicholas Yannelis. 2012. A New Perspective to Rational Expectations: Maximin Rational Expectations.
de Castro, Luciano. 2012. A New Approach to Correlation of Types in Bayesian Games.
de Castro, Luciano and Nicholas Yannelis. 2012. Uncertainty, Efficiency and Incentive Compatibility.
de Castro, Luciano. 2012. Affiliation, Equilibrium Existence and Revenue Ranking of Auctions.
Al-Najjar, Nabil and Luciano de Castro. 2012. A Subjective Foundation of Objective Probabilities.
Book Chapters
de Castro, Luciano and Nabil Al-Najjar. 2011. "Subjective Probability." In Encyclopedia of Operations Research and Management Science, edited by James Cochran et al., Hoboken, NJ: John Wiley & Sons.
Conference Proceedings
de Castro, Luciano and Peter Cramton. 2012. "Prediction Markets for Electricity Demand." In Proceedings of IEEE 50th Annual Allerton Conference on Communication, Control, and Computing, 1097-1104.
de Castro, Luciano and Joisa Dutra. 2011. "The Economics of the Smart Grid." In Proceedings of IEEE 49th Annual Allerton Conference on Communication, Control, and Computing, 1294-1301.

 
Print Teaching
Teaching Interests
Competitive Strategy; Microeconomics