Dr. Nicola Pavanini, Associate Professor

Department of Finance, Tilburg University


  • Publications

”Collateral and Asymmetric Information in Lending Markets” (2022),

with Vasso Ioannidou and Yushi Peng, Journal of Financial Economics, 144(1)


”Welfare and Redistribution in Residential Electricity Markets with Solar Power” (2022),

with Fabian Feger and Doina Radulescu, Review of Economic Studies

Media Coverage: Ökonomenstimme column (in German)


”Asymmetric Information and Imperfect Competition in Lending Markets” (2018),

with Gregory Crawford and Fabiano Schivardi, American Economic Review, 108(7)

Media Coverage: VoxEu Column


”Do Leaders Affect Ethical Conduct?” (2017),

with Giovanna d’Adda, Donja Darai, and Roberto Weber, Journal of the European Economic Association, 15(6)


  • Working Papers

”The Shadow Value of Unconventional Monetary Policy” (2022),

with Ugo Albertazzi, Lorenzo Burlon, and Tomas Jankauskas, revise and resubmit at Review of Economic Studies


“The Impact of Alternative Forms of Bank Consolidation on Credit Supply and Financial Stability” (2022),

with Sergio Mayordomo and Emanuele Tarantino, revise and resubmit at Review of Financial Studies


"The Value of "New" and "Old" Intermediation in Online Debt Crowdfunding" (2022),

with Fabio Braggion, Alberto Manconi, and Haikun Zhu, CEPR Working Paper DP14740

Media Coverage: CUHK Machine Lawyering blog column


”The Welfare Effects of Law Enforcement in the Illegal Moneylending Market (2022),

with Kaiwen Leong, Huailu Li, and Christoph Walsh, CEPR Working Paper DP16779


  • Work in Progress

“Market Structure, Vertical Integration and Farmers' Welfare in the Costa Rica Coffee Industry”,

with Fabrizio Leone, Rocco Macchiavello, and Josepa Miquel-Florensa


”The Value of Information in Relationship Lending”,

with Giacomo Rodano, Enrico Sette, and Fabiano Schivardi


"Leverage Regulation and Social Mobility",

with Jens Kvaerner and Yushi Peng


"The Welfare Effects of Airbnb on the Mortgage Market",

with Ertunç Aydogdu, Fabio Braggion, and Mauro Mastrogiacomo