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\t\t\t\t\t\t\t\t\t\tEmail: jpenalva@emp.uc3m.es
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\t\t\t\t\t\t\t\t\t\tAddress \/ Office: C\/ Madrid, 126 – 28903 Getafe (Madrid) Spain \/ 7.0.49\n\t\t\t\t\t\t\t\t\t<\/li>\n
\t\t\t\t\t\t\t\t\t\tPhone \/ Fax: (34) 91 624 96 54\n\t\t\t\t\t\t\t\t\t<\/li>\n
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\t\t\t\t \n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n PhD University of California, Los Angeles<\/p>\n MA University of California, Los Angeles<\/p>\n MSc Birkbeck College, University of London<\/p>\n BSc London School of Economics, University of London<\/p>\n Information economics, Market microstructure, Financial economics and insurance, Law and economics<\/p>\n Ganuza, J.: \u201cInformation disclosure in optimal auctions<\/a>\u201d, International Journal of Industrial Organization vol. 63, March 2019, 469-479<\/p>\n Penalva, J., Cartea, A., Payne, R. & Tapia, M.: \u201cUltra-Fast Activity and Intraday Market Quality<\/a>\u201d, Journal of Banking and Finance (online), December 2018<\/p>\n Penalva, J. & Cartea, A.: \u201cWhere is the Value in High Frequency Trading?<\/a>\u201d, Quarterly Journal of Finance vol. 2 (3), 2012, 1250014<\/p>\n Penalva, J. & Ganuza, J.J.: \u201cSignal Orderings based on Dispersion and the Supply of Private Information in Auctions<\/a>\u201d, Econometrica vol. 78 (3), May 2010, 1007\u20131030<\/p>\n \t\t\t\t\t\t\t\t\tBiograf\u00eda<\/p>\n Jos\u00e9 Penalva is a tenured professor of finance and accounting in the Department of Business Economics at Universidad Carlos III. He holds a PhD in Economics from the University of California, Los Angeles (UCLA) since 1997. He teaches courses in Information in Financial Markets, Microstructure, and Financial Mathematics. <\/p>\n His research interests include the economics of information with special interest in auctions and financial applications, the microstructure of financial markets, and the allocation and distribution of risk in insurance markets. His publications to date include highly prestigious national and international journals such as Econometrica, Journal of Banking and Finance, Quarterly Journal of Finance, Review of Economic Dynamics and the Journal of Risk and Insurance. His works are presented at prestigious conferences, including the European Group of Risk and Insurance Economists (EGRIE), the European Economic Association, the European Finance Association, and the European Econometric Society Meeting, among others. He has also written several book chapters, and has written, together with Alvaro Cartea and Sebastian Jaimungal, the book \u201cAlgorithmic and High-frequency Trading<\/a>\u201d (Cambridge University Press, 2015) <\/p>\n \t\t\t\t\t\t\t\t\tPublications<\/p>\n Ganuza, J.: \u201cInformation disclosure in optimal auctions\u201d, International Journal of Industrial Organization vol. 63, Marzo 2019, 469-479<\/p>\n Penalva, J., Gomez, F. & Ganuza, J.J.: \u201cProduct Liability Should Reward Firm Transparency\u201d, International Review of Law & Economics vol. 56, December 2018, 160-169<\/p>\n Penalva, J., Cartea, A., Payne, R. & Tapia, M.: \u201cUltra-Fast Activity and Intraday Market Quality\u201d, Journal of Banking and Finance (online), December 2018<\/p>\n Penalva, J. & VanBommel, J.: \u201cThe Governance of Perpetual Financial Intermediaries\u201d, Journal of Institutional and Theoretical Economics vol. 173 (3), 2017, 498-522<\/p>\n Penalva, J. & Gomez, F.: \u201cTort reform and the theory of coordinating tort and insurance\u201d, International Review of Law and Economics vol. 43, Agosto 2015, 83\u201397.<\/p>\n Penalva, J. & Cartea, A.: \u201cWhere is the Value in High Frequency Trading?\u201d, Quarterly Journal of Finance vol. 2 (3), 2012, 1250014<\/p>\n Penalva, J. & Ganuza, J.J.: \u201cSignal Orderings based on Dispersion and the Supply of Private Information in Auctions\u201d, Econometrica vol. 78 (3), May 2010, 1007\u20131030<\/p>\n Penalva, J.: \u201cA Study of the Interaction of Insurance and Financial Markets: Efficiency and Full Insurance Coverage\u201d, Journal of Risk and Insurance vol. 75 (2), Junio 2008, 313-342<\/p>\n Penalva, J.: \u201cInsurance and Tort: Coordination Systems And Imperfect Liability Rules\u201d, en Internationalization of the Law and its Economic Analysis, Eger T. et al (ed), Gabler Edition Wissenschaft, 2008<\/p>\n Penalva, J. & Ryall, M.D.: \u201cEmpirical Implications of Information Structure in Finite Extensive Form Games\u201d, The B.E. Journal of Theoretical Economics (Contributions) vol. 8 (1), 2008<\/p>\n Penalva, J.: \u201cInsuring California Earthquakes and the Role for Catastrophe Bonds\u201d, Journal of Risk Finance vol. 3 (4), 2002, 54-72<\/p>\n Penalva, J.: \u201cInsurance with Frequency Trading: A Dynamic Analysis of Efficient Insurance Markets\u201d, Review of Economic Dynamics vol. 4, 2001<\/p>\n Penalva, J. & Ellickson, B.: \u201cIntertemporal Insurance\u201d, Journal of Risk and Insurance vol. 64 (4), Diciembre 1997, 579-598<\/p>\n \t\t\t\t\t\t\t\t\t\tEmail: jpenalva@emp.uc3m.es \t\t\t\t\t\t\t\t\t\tAddress \/ Office: C\/ Madrid, 126 – 28903 Getafe (Madrid) Spain \/ 7.0.49\n\t\t\t\t\t\t\t\t\t<\/li>\n \t\t\t\t\t\t\t\t\t\tPhone \/ Fax: (34) 91 624 96 54\n\t\t\t\t\t\t\t\t\t<\/li>\n \t\t\t\t\t\t\t\t\t\tPersonal website \t\t\t\t \n\t\t\t\t\t\t@UC3M_BUSINESS\t\t\t\t\t<\/p>\n","protected":false},"author":1,"template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"categoria-profesional":[60],"area":[30],"class_list":["post-5435","members","type-members","status-publish","hentry","categoria-profesional-associate-professors","area-finance"],"_links":{"self":[{"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/members\/5435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/members"}],"about":[{"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/types\/members"}],"author":[{"embeddable":true,"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":2,"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/members\/5435\/revisions"}],"predecessor-version":[{"id":7315,"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/members\/5435\/revisions\/7315"}],"wp:attachment":[{"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/media?parent=5435"}],"wp:term":[{"taxonomy":"categoria-profesional","embeddable":true,"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/categoria-profesional?post=5435"},{"taxonomy":"area","embeddable":true,"href":"https:\/\/indem.uc3m.es\/en\/wp-json\/wp\/v2\/area?post=5435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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