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Ignacio Esponda

Ignacio Esponda

Joined Stern 2006

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 7-76
New York, NY 10012

E-mail iesponda@stern.nyu.edu
Personal website

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Ignacio Esponda joined New York University Stern School of Business as an Assistant Professor of Economics in 2006. He teaches Firms and Markets, a core course for the M.B.A. program at Stern.

Professor Esponda's primary areas of research include game theory and industrial organization. Part of his work focuses on understanding strategic interactions of market participants that suffer from specific biases in behavior, such as the failure to take into account the winner's curse effect in the presence of adverse selection. Lately, he has been studying entry, participation, and bidding decisions of firms in procurement markets.

Professor Esponda received his B.A. and M.A. in Economics from Universidad de San Andres, Argentina, and his Ph.D. in Economics from Stanford University.

Research Interests

  • Microeconomic Theory
  • Game Theory
  • Industrial Organization

Academic Background

Ph.D., Economics, 2006
Stanford University

M.A., Economics, 1999
Universidad de San Andres

B.A., Economics, 1998
Universidad de San Andres

Awards & Appointments

Academia Nacional de Ciencias Económicas (Argentina) Best published paper, Argentian economist under 40 years old 2009
American Economic Review Excellence in Refereeing Award 2009

Selected Publications

Ignacio Esponda (2008)
Behavioral Equilibrium in Economies with Adverse Selection
American Economic Review, 98(4): 1269-91, September 2008.

Ignacio Esponda (2008)
Information Feedback in First Price Auctions
RAND Journal of Economics, 39: 491-508, Summer 2008.

Areas of Expertise


  • Auctions
  • Game Theory
  • Industrial Organization
  • Microeconomics
  • Political Economy