Assotiate Professor (Titular Universidad), Microeconomics.
Ph. D. in Economics, Universidad Complutense Madrid, 1997.
B.S. in Economics, Universidad Complutense Madrid, 1991.
"Science, my lad, is made up of mistakes, but they are mistakes which it is useful to make, because they lead little by little to the truth."

Jules Verne, A Journey to the Center of the Earth.



Papers in JCR indexed journals: [1]

[1] JCR indexed in the year of submission or later.

[2] In the year of first submission is Scopus and Scholar Google indexed, among others.

Currently under review:

  • Nibbling and Sniping in eBay Auctions (with M. Sartarelli).
  • Predicting firm-level bankruptcy in the Spanish economy using Extreme Gradient Boosting (with M. Smith).

Other Publications:

  • Maximizing and satisfycing in a choice model based on time allocation, International Journal of Complex Systems in Science, Vol 4(1), pp. 1-6 (2014) (with J.M. Rey and R.G. Sanchís).
  • Pareto-improving cheating in an economic policy game. Chapter in: Stability and Control: Theory Methods and Applications, Vol 22. (ISBN 0-415-30997-2), Florida, USA, 2004, 363-379 (with Ch. Deissenberg).
  • (In spanish) Subastas del Tesoro ¿Cómo debe vender el Tesoro la deuda pública? Chapter in: Estudios en homenaje a Luis Angel Rojo : políticas, mercados e instituciones económicas. Vol 1 ( ISBN 84-7491-764-6), España, 343-366 (with C. Mazón).
  • Opportunity cost of CO2 emission reductions: developing vs. developed economies, Working paper Instituto Complutense Estudios Internacionales, WP12/09, ISBN: 978-84-692-4272-8.

Follow me on ResearchGate

Research interests:

  • Treasury Bill Auctions.
  • Multi-unit auctions and agency problems in environmental economics.
  • Risk and Bayesian learning in dynamic optimization problems.
  • Applications of Machine Learning to economics.

Funded Research Projects:

  • Grant 2014-ECO2014-56676-C2-2-P. Funded by Ministerio de Economía y Competitividad (Spain). Researcher.
  • Análisis de mercados: Subastas de Deuda Pública y mercados de derechos de CO2. Funded by Ministerio de Educación y Ciencia, from 2007 to 2010, as main researcher.
  • Internacionalización de las Economías, Subastas de Liquidez del BCE. Funded by Ministerio de Educación y Ciencia, from 2004 to 2007, as main researcher.
  • La regulación de la contaminación atmosférica y los mercados de derechos de emisión en la unión europea ampliada, implicaciones de política económica. Funded by Fundación Ramón Areces, from 2004 to 2006, as researcher.
  • Políticas Medioambientales en el ámbito de la unión europea: aspectos teóricos y evidencia empírica. Funded by Fundación Ramón Areces, from 2002 to 2003, as researcher.
  • Determinantes microeconómicos del crecimiento: estrategias empresariales y políticas públicas. Funded by Ministerio de Educación y Ciencia, from 2002 to 2003, as researcher.
  • Comercio electrónico como nueva tecnología de distribución. Impacto en el sector de venta al por menor y en el mercado de deuda pública. Funded by Universidad Complutense de Madrid, from 2001 to 2001, as researcher.
  • La inflación: determinantes macroeconómicos, transmisión de la política monetaria y estructura de mercado. Funded by Ministerio de Educación y Cultura, from 1995 to 1998, as assistant researcher.


  • Dynamic Optimization.
  • Game Theory.
  • Introductory Microeconomics.
  • Calculus.

Supervised Thesis:

  • Luis E. Nuño Sevilla (2004).
  • Leonora Millán (2005).
  • Raúl Gutierrez (2013).

Visiting positions:

  • Tinbergen Institute (Universiteit van Amsterdam), from Sep 1997 to Feb 1998.
  • Centre d-Economie et de Finances Internationales, Universitee Aix-Marseille II, from Sep 1999 to Feb 2000.
  • Department of Economics, Univeristy of Maryland, from Sep 2017 to Dec 2017.


Programming languages:

  • Numerical methods & Econometrics: currently Python and R, in the past Matlab and Pascal.
  • Documents: Latex. 


CV and contact:


Postal address:
Departmento Fundamentos del Análisis Económico II, Fac. CC. Económicas, Universidad Complutense de Madrid
Campus de Somosaguas, Prefabricado, Office N321 Pozuelo de Alarcón, Madrid, 28223