Xavier Vives facts for kids

Xavier Vives is a famous economist from Spain. He is known as a leading expert in a field called industrial organization. This area of economics looks at how businesses compete and how industries are structured. He is also a key figure in microeconomics, which studies how individuals and businesses make decisions.

Currently, Professor Vives teaches about rules, competition, and public policies at IESE Business School in Barcelona. He also helps lead the Public-Private Sector Research Center there.

About Xavier Vives

Xavier Vives was born in Barcelona. He first earned his bachelor's degree from the Autonomous University of Barcelona. Later, he received his Ph.D. from UC Berkeley in the United States. His main teacher there was Gérard Debreu, another very important economist.

After finishing his studies, Professor Vives worked as a professor at the University of Pennsylvania. In 1987, he returned to Spain. For ten years in the 1990s, he led the Institute for Economic Analysis (CSIC).

He also taught at other famous universities. These include INSEAD in Paris, Pompeu Fabra University in Barcelona, Harvard University, and New York University.

Professor Vives has held many important roles in the world of economics. He directed the Industrial Organization Program for the Center for Economic Policy Research (CEPR). He was also the chief editor for several major economic journals. These include the European Economic Review and the Journal of the European Economic Association.

He often shares his ideas on important economic topics. He has written for newspapers like The Financial Times and The Wall Street Journal. From 2011 to 2014, he was a special advisor to a high-ranking official in the European Commission. This role involved advising on competition rules for businesses in Europe.

What He Studies

Professor Vives's research focuses on microeconomics. He studies how businesses compete and how information affects markets. He also looks at game theory, which is about how people or businesses make decisions when their choices affect each other.

One of his early studies looked at how companies set prices and how they compete. He also researched how companies share information with each other. This work has helped economists understand how industries work and how countries trade. It also helps shape rules about fair competition.

He also pioneered a new way to study economic situations. This method helps understand when different parts of the economy work together. This idea has been used in many areas, including how big economies work and how financial markets behave.

Professor Vives has also studied how information spreads in markets. He looked at how traders learn from each other. This helps explain why asset prices change and why people sometimes follow the crowd in financial markets.

More recently, he has studied banks and financial stability. His research helps understand how competition and rules affect banks. This work is important for preventing financial crises and making sure banks are stable. He also looks at how it affects innovation and the economy when a few big investors own parts of many different companies.

His Books

Professor Vives has written several important books about his research:

• Oligopoly Pricing: Old Ideas and New Tools (1999). This book is about how a few companies in a market set their prices.
• Information and Learning in Markets: the Impact of Market Microstructure (2008). This book explores how information affects markets and how people learn from market signals.
• Competition and Stability in Banking: the Role of Regulation and Competition Policy (2016). This book discusses how competition and rules affect the stability of banks.

Awards and Recognitions

Xavier Vives has received many awards and honors for his work. He is a Fellow of several important economic groups. These include the Econometric Society, the European Academy of Sciences and Arts, and the European Economic Association. Being a Fellow means he is recognized as a top expert in his field.

He has also won several research prizes in Spain. These include the Premio Nacional de Investigación Pascual Madoz in 2020 and the Premio Rey Jaime I de Economía in 2013.

He has received special grants to support his research, like the European Research Council Advanced Grant. In 2015, he received a Wim Duisenberg Fellowship from the European Central Bank. He also served as President of the European Association for Research in Industrial Economics (EARIE).

See also

In Spanish: Xavier Vives para niños