Federico Etro is Professor of Economics at Ca' Foscari University of Venice. He is an expert of the economics of art history, international economics and industrial organization, with publications on journals such as The American Economic Review, International Economic Review, European Economic Review, The Economic Journal, RAND Journal of Economics, Journal of Economic History and many others. He holds a Laurea cum laude from the Catholic University of Milan and a Master in Economics from the University of California, Los Angeles, and he has taught at the University of Edinburgh, the University of Milan Bicocca and Luiss in Rome. He is currently the Editor in Chief of the Elsevier journal Research in Economics.
His theoretical research is focused on understanding what shapes the structure of markets: how many firms can be active in an industry? what should be their market shares and markups? how consumer preferences affect them? how much incumbents invest in R&D? which are the best financial or contractual strategies? how do shocks and policies affect markets, trade, business cycle and growth? The research on the theory of endogenous market structures (EMS) provides a general framework to answer these questions through the joint analysis of imperfect or monopolistic competition and endogenous entry. Applications of A General Theory of EMS (2014) have been used to analyze EMS and International Trade (2015, Scandinavian Journal of Economics), EMS and Contract Theory (2011, European Economic Review), EMS and the Business Cycle (2010, Economic Journal), EMS and Strategic Trade Policy (2011, International Economic Review), EMS and the Optimal Financial Structure (2010, Canadian Journal of Economics), the New-Keynesian Phillips Curve with Bertrand Competition and Endogenous Entry (2015, Journal of Economic Dynamics & Control) or the Real Business Cycles with Cournot Competition and Endogenous Entry (2010, Journal of Macroeconomics). A general characterization of the equilibrium behavior of leaders in industries with endogenous entry was developed in Aggressive Leaders (2006, RAND Journal of Economics) and Stackelberg Competition with Endogenous Entry (2008, Economic Journal). Empirical evidence can be found in EMS and Innovation by Leaders: an Empirical Test (2014, Economica).
More recent research has been about the economics of art history in Renaissance (The Economics of Renaissance) and Baroque Italy (The Market for Paintings in Italy during the XVII Century, 2012, Journal of Economic History; The Market for Paintings in the Venetian Republic from Renaissance to Rococo, 2013, Journal of Cultural Economics; The Labor Market in the Art Sector of Baroque Rome, 2014, Economic Inquiry, winner of the 2014 Tarantelli Prize) and elsewhere (The Market for Paintings in Paris between Rococo and Romanticism, 2015, Kyklos; Art Collections and Taste in the Spanish Siglo de Oro and Entry of Painters in the Amsterdam Market of the Golden Age). Etro wrote two books for Springer, Competition, Innovation, and Antitrust (2007) and Endogenous Market Structures and the Macroeconomy (2009) and co-edited for Oxford University Press a volume on Competition Law and the Enforcement of Art. 102 (2011). For additional material click here.