Serrano, Roberto

Roberto Serrano

Harrison S. Kravis University Professor of Economics

Overview

Born in Madrid (Spain) on October 26, 1964. Spanish citizen and US
permanent resident. Licenciado (B.A.) in Economics at the Universidad
Complutense de Madrid in 1987. Ph.D. in Economics from Harvard
University in 1992. Member of the Faculty at Brown University since 1992, where he is a full professor since 1997. he has held visiting positions at the Institute for Advanced Study (Princeton), Center for Rationality at the Hebrew University (Jerusalem), Universitat Pompeu Fabra (Barcelona) and Universidad Carlos III and CEMFI (Madrid). He is a Fellow of the Econometric Society and has been a Member of the Council of the Game Theory Society. He has been a Co-Editor of Economics Letters and an Associate Editor of other journals, including Games and Economic Behavior, International Journal of Game Theory, Economic Theory, Research in Economics and Mathematical Social Sciences. His research has been funded by the National Science Foundation, the US-Israel Binational Science Foundation, the Alfred P. Sloan Foundation and Deutsche Bank. He was the recipient of the Fundacion Banco Herrero Prize, awarded to Spanish economists under 40. His updated CV is here: http://www.econ.brown.edu/faculty/serrano/pdfs/cv.pdf

Brown Affiliations

Economics

Research Areas

economic theory | game theory

Research

Research Overview

Roberto Serrano has worked on different areas of economic theory and game theory,
including implementation, bargaining, the Nash program for cooperative games, axiomatic analysis of cooperative games and economies, general equilibrium, economies with asymmetric information, and welfare economics and social choice theory.

Research Statement

See Publications.

Funded Research

Research grant, Universidad Carlos III de Madrid (during sabbatical semester from Brown University), fall 2005

National Science Foundation grant, 2002-2004

Deutsche Bank Fellowship, Institute for Advanced Study, Princeton, 2002-2003

U.S.-Israel Binational Science Foundation research grant, 1999-2001

Alfred P. Sloan Foundation Research Fellowship, awarded to outstanding scholars with at most six years since their Ph.D., 1999-2001

Richard B. Salomon Research Award, Brown University, 1998-2000

DGICYT's Research Grant (Spain's equivalent of the National Science Foundation), 1997-1999

Fulbright Fellowship (in conjunction with Spain's Ministry of Education and Science) for graduate studies in the United States, 1990-1992

Fundacion Ramon Areces Fellowship (Spain) for graduate studies abroad, 1988-1990

Merit Undergraduate Fellowship, Department of Economic Analysis, Universidad Complutense de Madrid, 1985-1987

Scholarly Work

A. M. Feldman and R. Serrano, Welfare Economics and Social Choice Theory (2nd edition), Springer, New York, (2006).

R. Serrano and R. Vohra, "Information Transmission in Coalitional Voting Games," (2005), Working Paper 2005-01, Department of Economics, Brown University.

G. de Clippel and R. Serrano, "Marginal Contributions and Externalities in the Value," (2005), Working Paper 2005-11, Department of Economics, Brown University.

R. Serrano, "Alfred Marshall," entry in World Book Encyclopedia, World Book Publishing Company, Chicago, Illinois, (2005 edition).

R. Serrano and R. Vohra, "A Characterization of Virtual Bayesian Implementation," Games and Economic Behavior 50, (2005), 312-331.

R. Serrano, "Fifty Years of the Nash Program, 1953-2003," Investigaciones Econ´omicas 29, (2005), 219-258.

P. Gottardi and R. Serrano, "Market Power and Information Revelation in Dynamic Trading," Journal of the European Economic Association 3, (2005), 1279-1317.

A. Kar, I. Ray and R. Serrano, "Multiple Equilibria as a Difficulty in Understanding Correlated Distributions," (2005), Working Paper 2005-10, Department of Economics, Brown University.

M. Kandori, R. Serrano and O. Volij, "Decentralized Trade, Random Utility and the Evolution of Social Welfare," (2004), Working Paper 2004-06, Department of Economics, Brown University.

R. Serrano and R. Vohra, "Mixed-Strategy Equilibrium Implementation," (2004), Mimeo, Department of Economics, Brown University.

A. Ben-Shoham, R. Serrano and O. Volij, "The Evolution of Exchange," Journal of Economic Theory 114, (2004), 310-328.

T. Kunimoto and R. Serrano, "Bargaining and Competition Revisited," Journal of Economic Theory 115, (2004), 78-88.

R. Serrano, "The Theory of Implementation of Social Choice Rules," SIAM Review 46, (2004), 377-414.

R. Serrano, "The Measurement of Intellectual Influence: the Views of a Sceptic," Economics Bulletin 1, No. 3, (2004), 1-6.

Y. In and R. Serrano, "Agenda Restrictions in Multi-Issue Bargaining," Journal of Economic Behavior and Organization 53, (2004), 385-399.

R. Serrano, "Adam Smith," entry in World Book Encyclopedia, World Book Publishing Company, Chicago, Illinois, (2004 edition).

R. Serrano, "On Watson's Non-Forcing Contracts and Renegotiation," (2004), Working Paper 2004-03, Department of Economics, Brown University.

R. Serrano and O. Volij, "Mistakes in Cooperation: the Stochastic Stability of Edgeworth's Recontracting," (2003), Working Paper 2003-23, Department of Economics, Brown University.

R. Serrano, "John Forbes Nash Jr.," entry in World Book Encyclopedia, World Book Publishing Company, Chicago, Illinois, (2003 edition).

Y. In and R. Serrano, "Agenda Restrictions in Multi-Issue Bargaining (II): Unrestricted Agendas," Economics Letters 79, (2003), 325-331.

R. Serrano, Axiomatic Consensus Theory in Group Choice and Biomathematics by W. H.E. Day and F.R. McMorris, (2003), SIAM, Philadelphia, Pennsylvania, SIAM Review 47, (2005), 392-393.

R. Serrano and R. Vohra, "Bargaining and Bargaining Sets," Games and Economic Behavior 39, (2002), 292-308.

R. Serrano and R. Vohra, "Implementing the Mas-Colell Bargaining Set," Investigaciones Econ´omicas 26, (2002), 285-298.

R. Serrano, "Decentralized Information and theWalrasian Outcome: a Pairwise Meetings Market with Private Values," Journal of Mathematical Economics 38, (2002), 65-89.

S. Baliga and R. Serrano, "Multilateral Negotiations with Private Side-Deals: a Multiplicity Example," Economics Bulletin 3, No. 1, (2001), 1-7.

M. R. Blouin and R. Serrano, "A Decentralized Market with Common Values Uncertainty: Non-Steady States," Review of Economic Studies 68, (2001), 323-346.

R. Serrano, R. Vohra and O. Volij, "On the Failure of Core Convergence in Economies with Asymmetric Information," Econometrica 69, (2001), 1685-1696.

R. Serrano and R. Vohra, "Some Limitations of Virtual Bayesian Implementation," Econometrica 69, (2001), 785-792.

J. Dreier and R. Serrano, "Rationality and Paradox in Decision Making," Brown University Faculty Bulletin, (Fall 2001), 30-33.

R. Serrano and K.-I. Shimomura, "A Comparison of the Average Prekernel and the Prekernel," (2001), Working Paper 2001-30, Department of Economics, Brown University.

N. Dagan, R. Serrano and O. Volij, "Bargaining, Coalitions and Competition," Economic Theory 15, (2000), 279-296.

R. Serrano and O. Volij, "Walrasian Allocations without Price-Taking Behavior," Journal of Economic Theory 95, (2000), 79-106.

N. Dagan, R. Serrano and O. Volij, "Feasible Implementation of Taxation Methods," Review of Economic Design 4, (1999), 57-72.

R. Serrano and I. Zapater, "The Three-Legged Race: Cooperating to Compete," Games and Economic Behavior 22, (1998), 343-363.

R. Serrano and O. Volij, "Axiomatizations of Neoclassical Concepts for Economies," Journal of Mathematical Economics 30, (1998), 87-108.

N. Dagan, R. Serrano and O. Volij, "Comment on McLennan and Sonnenschein 'Sequential Bargaining as a Noncooperative Foundation for Walrasian Equilibrium'," Econometrica 66, (1998), 1231-1233.

R. Serrano and K.-I. Shimomura, "Beyond Nash Bargaining Theory: the Nash Set," Journal of Economic Theory 83, (1998), 286-307.

N. Dagan and R. Serrano, "Invariance and Randomness in the Nash Program for Coalitional Games," Economics Letters 58, (1998), 43-49.

R. Serrano, "A Comment on the Nash Program and the Theory of Implementation," Economics Letters 55, (1997), 203-208.

R. Serrano and R. Vohra, "Non-Cooperative Implementation of the Core," Social Choice and Welfare 14, (1997), 513-525.

R. Serrano, "Reinterpreting the Kernel," Journal of Economic Theory 77, (1997), 58-80.

N. Dagan, R. Serrano and O. Volij, "A Non-Cooperative View of Consistent Bankruptcy Rules," Games and Economic Behavior 18, (1997), 55-72.

V. Krishna and R. Serrano, "Multilateral Bargaining," Review of Economic Studies 63, (1996), 61-80.

R. Serrano and O. Yosha, "Welfare Analysis of a Market with Pairwise Meetings and Asymmetric Information," Economic Theory 8, (1996), 167-175.

V. Krishna and R. Serrano, "Perfect Equilibria of a Model of n-Person Non-Cooperative Bargaining," International Journal of Game Theory 24, (1995), 259-272.

R. Serrano and O. Yosha, "Decentralized Markets with Pairwise Meetings: Recent Developments," Journal of International and Comparative Economics 4, (1995), 223-241.

R. Serrano, "A Market to Implement the Core," Journal of Economic Theory 67, (1995), 285-294.

S. Baliga and R. Serrano, "Multilateral Bargaining with Imperfect Information," Journal of Economic Theory 67, (1995), 578-589.

R. Serrano, "Strategic Bargaining, Surplus Sharing Problems and the Nucleolus," Journal of Mathematical Economics 24, (1995), 319-329.

R. Serrano and O. Yosha, "Information Revelation in a Market with Pairwise Meetings: the One-Sided Information Case," Economic Theory 3, (1993), 481-499.

R. Serrano, "Non-Cooperative Implementation of the Nucleolus: the 3-Player Case," International Journal of Game Theory 22, (1993), 345-357.

R. Serrano, "Economic Indicators," "National Income" and "Stock Exchange," entries in World Book Encyclopedia, World Book Publishing, Chicago, Illinois, 2007 edition, forthcoming.

I. Palacios-Huerta and R. Serrano, "Rejecting Small Gambles under Expected Utility," Economics Letters, forthcoming.

R. Serrano, "Nash Program," in The New Palgrave Dictionary of Economics, (2nd edition), S. Durlauf and L. Blume (eds.), McMillan, London, forthcoming.

R. Serrano, "Bargaining," in The New Palgrave Dictionary of Economics, (2nd edition), S. Durlauf and L. Blume (eds.), McMillan, London, forthcoming.

Background

Education and Training

Year	Degree	Institution
1992	PhD	Harvard University
1990	MA	Harvard University
1987	BA	Universidad Complutense de Madrid

Honors and Awards

Member of the Council of the Game Theory Society, 2005 - present

Main organizer, International Conference on Game Theory, Stony Brook, 2009.

Invited annual lecture, CEMFI Alumni Association, Madrid, 2008.

Vilfredo Pareto Lecture, Association of Southern European Economic Theorists Meeting, Padua, 2007.

Plenary lecture, Spain-Italy-Netherlands Game Theory Meeting, Madrid, 2007.

Plenary lecture, International Conference on Game Theory, Stony Brook, 2006.

Fundacion Banco Herrero Research Fellowship (during sabbatical semester from Brown University), Fall 2005

Research grant, Universidad Carlos III de Madrid (during sabbatical semester from Brown University), Fall 2005

Graduation keynote speaker, Facultad de Ciencias Economicas, Universidad Complutense de Madrid (homenaje a Carlos Serrano), 2005

Fundacion Banco Herrero Prize, awarded to Spanish economists under 40 years of age, 2004 (Newspaper articles 1, 2, 3)

Co-chair of the Program Committee, North American Summer Meeting of the Econometric Society, Brown University, 2004

Invited speaker, 2nd World Congress of the Game Theory Society, Marseille, 2004

National Science Foundation grant, 2002-2004

VI Investigaciones Economicas Lecture, XXVIII Spanish Symposium on Economic Analysis, Universidad Pablo de Olavide, Sevilla, 2003

Deutsche Bank Fellowship, Institute for Advanced Study, Princeton, 2002-2003

"Rationality on Fridays" lecture, Center for Rationality and Interactive Decision Theory, Hebrew University, Jerusalem, 2002

Plenary lecture, International Conference on Game Theory, Stony Brook, 2001

U.S.-Israel Binational Science Foundation research grant, 1999-2001

Alfred P. Sloan Foundation Research Fellowship, awarded to outstanding scholars with at most six years since their Ph.D., 1999-2001

William G. McLoughlin Award for Teaching Excellence in the Social Sciences, Brown University, 1999

Charter Member of the Game Theory Society, 1999

Guest lecturer, 10th Summer School in Economic Theory, Hebrew University of Jerusalem, 1999: "Four Lectures on the Nucleolus and the Kernel"

Richard B. Salomon Research Award, Brown University, 1998-2000

DGICYT's Research Grant (Spain's equivalent of the National Science Foundation), 1997-1999

Honorary Master of Arts ad eundem, Brown University, 1996

Spain's Ministry of Education and Science Sabbatical Grant (during sabbatical year from Brown University), 1995-1996

Ph.D. Prize of Spain's National Organization for the Blind (awarded Cum Laude), 1993

Harvard Graduate School of Arts and Sciences Merit Fellowship, awarded to the graduate student with the most outstanding research profile, 1991-1992

Fulbright Fellowship (in conjunction with Spain's Ministry of Education and Science) for graduate studies in the United States, 1990-1992

Fundacion Ramon Areces Fellowship (Spain) for graduate studies abroad, 1988-1990

B.A. Prize of Spain's National Organization for the Blind, Best Student in Sciences, 1988

Merit Undergraduate Fellowship, Department of Economic Analysis, Universidad Complutense de Madrid, 1985-1987

Researchers@Brown