Research Publications
1. On firms' organization, productivity, wages and technology
Earnings inequality and coordination costs: Evidence from US Law firms
Luis Garicano and Thomas Hubbard
Journal of Law, Economics and Organization, 34 (2): 196-229, May 2018.
Relational Knowledge Transfers
Luis Garicano and Luis Rayo
American Economic Review 107 (9):2695-2730, September 2017.
Firm Size Distortions and the Productivity Distribution: Evidence from France
Luis Garicano, Claire Lelarge and John van Reenen
American Economic Review 106(11): 3439-79, November 2016.
The Returns to Knowledge Hierarchies
Luis Garicano and Tom Hubbard
Journal of Law, Economics and Organization, Vol 32(4): 653-684, November 2016
Why Organizations Fail: Models and Cases (Note: this survey paper reviews the literature on Organiational Economics and applies it to understand some recent, large scale, business failure cases)
Luis Garicano and Luis Rayo
Journal of Economic Literature 54(1), 137–192, March 2016.
Optimal Contracting and the Organization of Knowledge
Willie Fuchs, Luis Garicano and Luis Rayo
Review of Economic Studies, 82 (2), 632 - 658, Spring 2015.
Knowledge-Based Hierarchies: Using Organizations to Understand the Economy (Note: this is a review of my main line of work with Esteban Rossi-Hansberg and other coauthors written for a general audience)
Luis Garicano and Esteban Rossi-Hansberg
Annual Review of Economics Vol 7, 1-30, 2015.
The Distinct Effects of Information Technology and Communication Technology on Firm Organization
Nick Bloom, Luis Garicano, Raffaella Sadun and John Van Reenen
Management Science 2014, 60(12): 2859-2885, December 2014
Sabotage in Tournaments: Making the Beautiful Game a bit Less Beautiful (WP Version)
Luis Garicano and Ignacio Palacios-Huerta
In: Ignacio Palacios-Huerta, "Beautiful Game Theory How Soccer Can Help Economics", Princeton University Press, 2014.
Luis Garicano and Esteban Rossi-Hansberg
Journal of Economic Theory 2012, 147:2, 626- 656
Hierarchies and the Division of Labor (WP version, pre extensive copy editing)
Luis Garicano and Tim Van Zandt
Handbook of Organizational Economics, Robert Gibbons and John Roberts, Editors, Princeton University Press, 2013
Learning about the nature of production from equilibrium assignment patterns (WP version)
Luis Garicano and Thomas N. Hubbard
Journal of Economic Behavior and Organization, Volume 84, Issue 1, September 2012, Pages 136–153.
Knowledge Organization and Communication
Luis Garicano and Yanhui Wu
Organization Science, September-October 2012.
Organizational Economic with Cognitive Costs (2011 WP version)
Luis Garicano and Andrea Prat
Advances in Economic Theory, Econometric Society 10th World Congress, D. Acemoglu, M. Arellano, E. Dekkel, Cambridge University Press, June 2013
Wouter Dessein, Luis Garicano and Robert Gertner
American Economic Journal-Micro, November 2010, 2(4): 77–114a
Matching Problems with Expertise in Firms and Markets
William Fuchs and Luis Garicano
Journal of the European Economic Association, March 2010
Offshoring and Wage Inequality: Using Occupational Licensing as a Shifter of Offshoring Costs
Chiara Criscuolo and Luis Garicano
American Economic Review, Papers and Proceeding, May 2010
Luis Garicano and Paul Heaton
Journal of Labor Economics, January 2010
Specialization, Firms and Markets: The division of labor within and between law firms
Luis Garicano and Thomas N. Hubbard
Journal of Law, Economics and Organization, October 2009.
Organizing Offshoring: Middle Managers and Communication Costs
Pol Antras, Luis Garicano and Esteban Rossi-Hansberg In Helpman, E., Marin D., Verdier T. (2008) (Eds),
The Organization of Firms in the Global Economy, Harvard University Press.
Language and the Theory of the Firm
Jacques Crémer, Luis Garicano and Andrea Prat
February 2007, Quarterly Journal of Economics
Luis Garicano and Thomas N. Hubbard
Journal of Law and Economics, 2007, 50(1), pp. 1 - 43.
Organization and Inequality in a Knowledge Economy
Luis Garicano and Esteban Rossi-Hansberg
Quarterly Journal of Economics, November 2006.
The Knowledge Economy at the turn of the Twentieth Century: the Emergence of Hierarchies
Luis Garicano and Esteban Rossi-Hansberg
Journal of the European Economic Association (Papers and Proceedings), vol 4, April-May 2006.
Offshoring in a Knowledge Economy
Pol Antras, Luis Garicano and Esteban Rossi-Hansberg
Quarterly Journal of Economics, February 2006.
Intelligence Failures: An Organizational Economics Perspective
Luis Garicano and Richard Posner
Journal of Economic Perspectives, 19:4, pp. 151-179, Fall 2005
Hierarchical Sorting and Learning Costs
Luis Garicano and Thomas N. Hubbard
Journal of Economic Behavior and Organization, 58:2, pp. 349-369, August 2005.
Favoritism under Social Pressure
Luis Garicano, Natxo Palacios and Canice Prendergast.
Review of Economics and Statistics, 87: 2, pp. 208-216, May 2005.
Luis Garicano and Tano Santos
American Economic Review, 94: 3, pp. 499 - 525, June 2004.
Inequality and the Organization of Knowledge
Luis Garicano and Esteban Rossi-Hansberg
American Economic Review Papers and Proceedings, 94:2, pp. 197-202, May 2004.
Firms' Boundaries and the Division of Labor: Empirical Strategies
Luis Garicano and Thomas N. Hubbard
Journal of the European Economic Association (Papers and Proceedings), vol 1: 2, April-May 2003.
Business-to-Business E-commerce: Value Creation, Value Capture and Valuation
Luis Garicano and Steven N. Kaplan
Advances in Applied Microeconomics, Vol. 11: Elsevier, 2002.
The Effect of Business-to-Business E-commerce on Transactions Costs
Luis Garicano and Steven N. Kaplan
Journal of Industrial Economics, v. XLIX, no. 4: 463-487, 2001.
Contractual Allocation of Decision Rights and Incentives: The Case of Automobile Distribution
Benito Arruñada, Luis Garicano and Luis Vázquez
Journal of Law, Economics and Organization 17: 257-284, April 2001
Hierarchies and the Organization of Knowledge in Production
Luis Garicano
Journal of Political Economy vol 108: 5, October 2000
2. On European monetary, fiscal and financial policy
Crisis Cycle: Evolution, Challenges, and Future of the Euro
John Cochrane, Luis Garicano and Klaus Masuch
Princeton University Press (Forthcoming book, 2025)
Global Economic Consequences of the War in Ukraine: Sanctions, Supply Chains and Sustainability
Garicano, L, D Rohner and B Weder di Mauro (eds) (2022),
CEPR Press, Paris & London.
Luis Garicano and Claudia Steinwender
The Review of Economics and Statistics, 98(5): 913-924, December 2016.
The Sovereign-Bank Diabolic Loop and ESBies
Markus K. Brunnermeier, Luis Garicano, Stijn Van Nieuwerberg, Philip Lane, Marco Pagano, Tano Santos, Ricardo Reis, David Thesmar and Dimitri Vayanos
American Economic Review P&P, 508-512, May 2016.
Political Credit Cycles: the Case of the Eurozone (WP version))
Jesús Fernández Villaverde, Luis Garicano and Tano Santos
Journal of Economc Perspectives, 27(3): 145-66. Summer 2013.
Towards a New Architecture for Financial Supervision: Seven Principles
Luis Garicano and Rosa Lastra
Journal of International Economic Law, vol 13:3, pp 597-621.
Did Good Cajas Extend Bad Loans? Governance, Human Capital and Loan Portfolios
Vicente Cuñat, and Luis Garicano
FEDEA Monograph, "The Crisis of the Spanish Economy, 2009.