Michael Tröge, Professor of Finance, ESCP Europe
Contact: 79, av. de la République, 75011 Paris
Tel: +33 149232601, troege(..)escp.eu
Background: Mathematics, Game Theory, Industrial Organization
Current Research Interests: Banking, Antitrust, Trade
Main Publications:
“On the Limits of Free Trade in a Cournot World: When are Restrictions on Trade beneficial?" (with R. Amir and J. Y. Jin), (2022) Canadian Journal of Economics /Revue canadienne d'économique 55.4 (2022): 2036-2057.
"Cheap Talk and Strategic Rounding in Libor Submissions”, (with A. Hernando-Veciana), (2019), Review of Financial Studies, 33(6), 2585-2621.
“The Insider’s Curse” (with A. Hernando-Veciana), (2011), Games and Economic Behavior, 71, (2) : 339-350.
“Robust results on the sharing of firm-specific information: Incentives and welfare effects” (with R. Amir and J. Jin), (2010), Journal of Mathematical Economics, 46 (5): 855-866
Refereed Publications:
“Religious debt aversion and competition: evidence from Pakistan." (2026) (with H.M. Nguyen, and H. T. Nguyen, Journal of Economics and Finance, 50 (1) (2026): 4
"Ethics or economics: what drives strategic default?” (2026) (with H.M. Nguyen and C. Statnik), Applied Economics: 1-19.
“Gains From Trade in an Asymmetric Cournot World With Trade Costs” (2025) (with R. Amir and J.Y Jin), Review of International Economics, 33(3), 631-640.
"Making depositors greedy and careless: Government safety nets and the degradation of depositor discipline." (2024) (with G. Phung), Economics of Transition and Institutional Change.
“Relationship-specific investments for up-and downstream firms and credit constraints.” (2024) (with T. David, T., , Nguyen, H. M., and Nguyen, H. T), Journal of Corporate Finance, 84, 102534.
“How do Large Firms Manage their Banking Pools?” (2023) (with David, T), Finance, (44), 103-153.
“Political embeddedness and the adoption of environmental management practices: The mediating effects of institutional pressures” (with H. T. Nguyen, T. D. Vu, and H. Nguyen, H.) (2022) Corporate Social Responsibility and Environmental Management Vol.29 (4) , 965-983.
“Difficult to digest: Takeovers of distressed banks in Vietnam”, (with G. Phung) (2021) Economics of Transition and Institutional Change, Vol. 30 (3), 489-516.
“Advertising patterns in a dynamic oligopolistic growing market with decay” (with R. Amir and D. Machowska) (2021) Journal of Economic Dynamics and Control, Vol. 131, 104-229.
“Debt aversion, education and credit self-rationing in SMEs", (with H. T. Nguyen, H.M. Nguyen and A. T.H. Nguyen) (2020), Small Business Economics, 1-19.
"Cheap Talk and Strategic Rounding in Libor Submissions”, (with A. Hernando-Veciana), (2019), Review of Financial Studies, 33(6), 2585-2621.
“Containing Systemic Risk by Taxing Banks Properly”, (with M. Roe), (2018), Yale Journal on Regulation Vol. 35, 181-231.
“Free Trade versus Autarky under Asymmetric Cournot Oligopoly”. (with R. Amir R, and J. Jin), (2017), Review of International Economics 25(1): 1467-9396.
“Prices and Deadweight Loss in Multi-Product Monopoly” (with R. Amir, J. Jin and G. Pech) (2016), Journal of Public Economic Theory, 18, (3): 21–16.
“From Basel to bailouts: forty years of international attempts to bolster bank safety” (with C. Kobrak), (2015), Financial History Review, Volume, 22 (02):133-156
“On the Effects of Banks’ Equity Ownership on Credit Markets”, (with R. Amir), (2011), Annals of Finance, 7,(1) : 31-52,
“On Additive Spillovers and Returns to Scale in R&D”, (with R. Amir and J. Jin), (2008) International Journal of Industrial Organization, 26( 3): 695-703
“Applying the Market Economy Investor Principle to State Owned Companies - Lessons Learned from the German Landesbanken Cases”, (with H. Friederiszick), (2006), EC Competition Policy Newsletter, No. 1 : 105-109
“Do Bank-Firm Relationships reduce Bank Debt? Evidence from Japan” (with T. Miarka), (2005), European Journal of Finance, 11:75-92
“On Taxation Pass-Through for a Monopoly Firm” (with R. Amir and I. Maret), (2005), Annales d’Economie et de Statistique, 75/76 : 155-172
“Learning by doing , Spillovers and Shakeouts” (with J.Jin and J.Perote-Pena ), (2004), Journal of Evolutionary Economics, 14: 85-98
“Timing of public information and cost reduction“, (with J. Jin), (2002), Journal of Economics, 75 (3): 227-237.