Jaime Luque joined the Wisconsin School of Business as assistant professor in the Department of Real Estate and Urban Land Economics in September 2012. Luque, whose research interests include financial and urban economics as well as public and political economy, also brings a wealth of international educational experience to the table, having taught in the Department of Economics at the Carlos III University of Madrid since 2009. Of his various research efforts, Luque’s recent work on repo markets has been useful in understanding how recursive use of securities as collateral allows agents to leverage their positions. This paper, in co-authorship with J.M. Bottazzi and M. Pascoa, also explores institutional arrangements that limit the amount of re-hypothecation in the economy. Following this work on repo, Luque and co-authors’ current research includes bubbles and Ponzi schemes in security markets, currency squeezes (also with S. Sundaresan), and repo fails. Luque also has on-going research in the field of market microstructure, in co-authorship with M. Faias, where they use for the first time the powerful tool of club theory to understand the formation process of trading platforms. Luque also has a working paper with M. Morelli and J. Tavares on fiscal unions, motivated by the harsh realities of the Euro zone institutional crisis.
Selected Published Journal Articles
Luque, J. (2013). Heterogeneous Tiebout Communities with Private Production and Anonymous Crowding. Regional Science and Urban Economics (43), 117-123.
Bottazzi, J., Luque, J., & Pascoa, M. (2012). Securities Market Theory: Possession, Repo and Re-hypothecation. Journal of Economic Theory (147), 477-500.
Presentations
Endogenous bourse structures
The Dollar Squeeze of the Financial Crisis
Spanish Symposium of Economic Analysis
Endogenous Bourse Structures
Carlos II Macro-Workshop
The 2008 dollar squeeze
The financial crisis: lessons for internation macroeconomics
Fiscal Union Consensus Design Under the Risk of Autarky
Lisbon Meeting on Institutions and Political economy
Fiscal Union Consensus Design Under the Risk of Autarky
Society of economic dynamics (SED)
Securities Market Theory: Possession, Repo and Rehypothecation
Society for the advancement in economic theory
Endogenous bourse structres
Association for Public Economic Theory (PET)
Endogenous bourse structres
European workshop in general equilibrium theory
Endogenous Bourse Structures
Association for Public Economic Theory (PET)
The Battle of the Bourses
European workshop in general equilibrium theory
Where to Live? Wages, community composition and public goods
Society for the advancement in economic theory
Will you lend me to short? The role of the box in leverage and repo fails
Association for Public Economic Theory
Where to live? Wages, community composition and public goods
European workshop in general equilibrium theory
Will you lend me to short? The role of the box in leverage and repo fails
European Workshop in General Equilibrium and its Applications
Will you lend me to short? The role of the box in leverage and repo fails
CARESS-Cowles Conference in General Equilibrium and its Applications
Will you lend me to short? The role of the box in leverage and repo fails
Winter Meeting of the Econometric Society
Migration Choice and Jurisdiction Size in a Local Public Good Economy: The Role of Exclusion
ASSET
Tastes, Enhancing Skills and the Provision of Local Public Goods: A General Equilibrium Approach
Workshop of Public Goods, Public Projects and Externalities
Tastes, Enhancing Skills and the Provision of Local Public Goods: A General Equilibrium Approach
Financial Management Association
Collateral Manipulability in the Mortgage Market
Society for the Advancement in Economic Theory
On the Formation of Jurisdictions with Heterogeneous Agents’ Characteristics
Third Summer School on Economic Analysis of Heterogeneity in Social Organizations
On the Formation of Jurisdictions with Heterogeneous Agents’ Characteristics
Workshop in Game Theory and Applications to International Economics
On the Formation of Jurisdictions with Heterogeneous Agents’ Characteristics
Editorial and Reviewing Activities
B.E. Journal of Theoretical Economics - Since January 0001
Invited Manuscript Reviewer
Economic Theory - Since January 0001
Invited Manuscript Reviewer
Economics Bulletin - Since January 0001
Invited Manuscript Reviewer
Journal of Economic Theory - Since January 0001
Invited Manuscript Reviewer
Journal of Public Economic Theory - Since January 0001
Invited Manuscript Reviewer
Journal of Urban Economics - Since January 0001
Invited Manuscript Reviewer