I combine rigorous academic methods with practical expertise to study how policy design and incentives shape corporate decisions across jurisdictions. 

Email: ampa.mercader@gmail.com

Working Papers

Climate Regulatory Risk, Asset Stranding and Foreign Investors

with Pedro Gete

This paper studies how Boston’s Building Emissions Reduction and Disclosure Ordinance (BERDO) shapes prices, liquidity, and investor composition in commercial real estate markets, using property-level compliance data combined with CoStar transactions.

The Arm’s Length Standard at a Crossroads:  Theory, Practice, and Reform

This paper provides the first formalization of how the Arm’s Length Standard (ALS) understates system-wide income by omitting internalization rents, and examines how minimum-tax regimes interact with ALS-based pricing. The analysis combines a transaction-cost theoretical framework with semi-structured interviews from senior practitioners.

Teaching Experience

Georgetown University, Washington, DC

Spring 2025, Spring 2026

Courses:

• MBA: Tax Planning

• Undergraduate (Business): Business Entities and Taxation
  
  

IE University, Madrid, Spain

Fall 2025

Master in Finance (MIF): Economics

Universidad ORT, Montevideo, Uruguay

Summer 2023, Summer 2024, Summer 2025

Masters in Accounting and Tax: Economics & Taxation Topics

Professional Experience 

My professional experience can be found here: LinkedIn.