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Anne Villamil
Professor
Henry B. Tippie Research Fellow
Contact
319-335-3944
Office
W354 Pappajohn Business Building (PBB)
Academic history 
PhD in Economics, University of Minnesota, Minneapolis, MN, 1988
BA in Economics, University of Rochester, Rochester, NY, 1980
Awards 
Economic Theory Fellow, SAET, 2011
Selected publications 

Employment-based Health Insurance and Misallocation: Implications for the Macroeconomy. Anne P. Villamil, David Chivers, Zhigang Fang, Review of Economic Dynamics (forthcoming)

Entrepreneurs, Risk Aversion and Firm Dynamics. Anne P. Villamil, Neus Herranz, Stefan Krasa, Journal of Political Economy, 2015, vol 123, 1133-1176

The Effects of Credit Subsidies on Development. Anne P. Villamil, Antonio Antunes, Tiago Cavalcanti, Economic Theory, 2015, vol 58, 1-30

Costly Intermediation & Consumption Smoothing. Antonio Antunes, Tiago Cavalcanti, Anne P. Villamil, Economic Inquiry, 2013, vol 51, 459-472

The Effect of Financial Enforcement on Entrepreneurship in a Growth Miracle. Donghun Joo, Anne P. Villamil, The Manchester School, 2011, vol 79, 567-593

Small Firms in the SSBF. Anne P. Villamil, Stefan Krasa, Neus Herranz, Annals of Finance, 2009, vol 5, 341-359

Entrepreueurship, Finance and Employment. Mariacristina De Nardi, Anne P. Villamil, Annals of Finance, 2009, vol 5, 289-293

Bankruptcy and Firm Finance. Stefan Krasa, Tridib Sharma, Anne P. Villamil, Economic Theory, 2008, vol 36, 239-266

The Effect of Financial Repression and Enforcement on Entrepreneurship and Economic Development. Antonio Antunes, Tiago Cavalcanti, Anne P. Villamil, Journal of Monetary Economics, 2008, vol 55, 278-297

Computing General Equilibrium Models with Occupational Choice and Financial Frictions. Antonio Antunes, Tiago Cavalcanti, Anne P. Villamil, Journal of Mathematical Economics, 2008, vol 44, 553-568

Edward C. Prescott's Contributes to Economics: Guest Editors' Introduction (Special Issue in Honor of Edward C. Prescott's Nobel Prize in Economics). Stephen Parente, Anne P. Villamil, Economic Theory, 2007, vol 32, 1-5

Do Lack of Transparency and Enforcement Undermine International Risk-sharing?. Elizabeth Asiedu, Yi Jin , Anne P. Villamil, Annals of Finance, 2006, vol 2, 123-140

Debt Contracts and Cooperative Improvements. Stefan Krasa, Tridib Sharma, Anne P. Villamil, Journal of Mathematical Economics, 2005, vol 41, 857-874

Optimal Contracts When Enforcement is a Decision Variable: A Reply. Stefan Krasa, Anne P. Villamil, Econometrica, 2003, vol 71, 390-393

Optimal Inflation Tax and Structural Reform. Tiago Cavalcanti, Anne P. Villamil, Macroeconomic Dynamics, 2003, vol 7, 333-0362

Imperfect Enforcement, Foreign Investment, and Foreign Aid. Elizabeth Asiedu, Anne P. Villamil, Macroeconomic Dynamics, 2002, vol 6, 476-495

Intertemporal Pricing in Laboratory Posted Offer Markets with Differential Information. Aldo Rustichini, Anne P. Villamil, Economic Theory, 2000, vol 16, 613-637

Discount Factors and Thresholds: Foreign Investment When Enforcement is Imperfect. Elizabeth Asiedu, Anne P. Villamil, Macroeconomic Dynamics, 2000, vol 4, 1-21

Optimal Contracts when Enforcement is a Decision Variable. Stefan Krasa, Anne P. Villamil, Econometrica, 2000, vol 68, 119-134

Government Borrowing Using Bonds with Randomly Determined Return: Welfare Improving Randomization in the Context of Deficit Finance. Bruce D. Smith, Anne P. Villamil, Journal of Monetary Economics, 1998, vol 41, 351-370

Intertemporal Pricing in Markets with Differential Information. Aldo Rustichini, Anne P. Villamil, Economic Theory, 1996, vol 8, 211-227

Optimal Multilateral Contracts. S. Krasa, Anne P. Villamil, Economic Theory, 1994, vol 4, 167-187

A Theory of Optimal Bank Size. S Krasa, Anne P. Villamil, Oxford Economic Papers, 1992, vol 44, 38-63

Monitoring the Monitor: An Incentive Structure for a Financial Intermediary. S. Krasa, Anne P. Villamil, Journal of Economic Theory, 1992, vol 75, 197-221

Demand Deposit Contracts, Suspension of Convertibility, and Optimal Financial Intermediation. Anne P. Villamil, Economic Theory, 1991, vol 3, 277-289

Price Discriminating Monetary Policy: A Non-uniform Pricing Approach. Anne P. Villamil, Journal of Public Economics, 1988, vol 35, 385-392

Market Power in Oral Double Auctions. C. A. Holt, L. W. Langan, Anne P. Villamil, Economic Inquiry, 1986, vol 24, 107-123

Working papers 

How a Regressive Subsidy to Employer Health Insurance Enhances Entrepreneurship and Improves
Welfare. Zhigang Feng

Intermediation and Default. Anne P. Villamil, Antonio Antunes, Tiago Cavalcanti, Caterina Mendicino

Microfinance in the U.S.. Anne P. Villamil, Fan Liu

Growth with Dual Labor Markets in an Open Economy. Xiaobing Wang, Yuxiang Zou

Other work 

The Modigliani-Miller Theorem (The New Palgrave Dictionary of Economics, Steven Durlauf and Lawrence Bloom, eds.). Anne P. Villamil, Macmillan Press, London, UK, 2008

Risky Banking and Credit Rationing. Pedro Elosegui, Anne P. Villamil, Studies in Economics (E. Drandakis, ed.), 2007

Supra-Competitive Prices and Market Power in Posted-Offer Experiments. Anne P. Villamil, C. A. Holt, D. Davis, Market Power (Mark Isaac, ed.), Westview Press, 2002

Intertemporal Pricing in Laboratory Posted Offer Markets with Differential Information. Aldo Rustichini, Anne P. Villamil, Economic Theory, 2000, vol 43, 132-156

Price Discrimination and Monetary Assets. Anne P. Villamil, The New Palgrave Dictionary of Money and Finance (J. Eatwell, M. Milgate, P. Newman, eds.), Macmillan Press, 1992

Current and prior positions 
Professor of Economics, Henry B. Tippie College of Business, The University of Iowa, January 2014 - Present
Stanley Jevons Professor of Economics, University of Manchester, UK, September 2009 - July 2014
Professor of Finance, University of Illinois, 2009 - 2013
European Union Center, University of Illinois, 2008 - 2013
Faculty Fellow, University of Illinois, 2003 - 2013
Professor of Economics, University of Illinois, 2000 - 2013
Visiting Scholar, Spring Semester, University of Paris, 2011
Peter Moores Fellow, Said School of Business, Trinity Term, University of Oxford, 2009
Hallsworth Visiting Professor, University of Manchester, UK, June 2008
Hallsworth Visiting Professor, University of Manchester, UK, June 2007
Visiting Scholar, Washington University, St. Louis, MO, May 2007
Visiting Scholar, International Monetary Fund, Washington, DC, March 2007
Visiting Scholar, International Monetary Fund, Washington, DC, December 2006
Institute for Advanced Studies, Vienna, Austria, June 2006
Hallsworth Visiting Professor, University of Manchester, UK, May 2006
Visiting Scholar, National University of Singapore, March 2006
Visiting Scholar, National University of Singapore, June 2005
Institute for Advanced Studies, Vienna, Austria, April 2004
Puzzuoli Summer School, University of Naples, Fredericko II, June 2003
Pozzuoli Summer School, University of Naples, Fredericko II, June 2001
Associate Professor of Economics, University of Illinois, 1993 - 2000
Assistant Professor of Economics, University of Illinois, 1988 - 1993
Assistant Professor of Economics, Tulane University, 1987 - 1988
International Economist, US Trade Representative's Office, Executive Office of the President, 1980 - 1981
Review and editorial work 

Associate Editor, Economic Theory Bulletin, January 2013 - Current

Editor, Annals of Finance, 2009 - Current

Co-editor, Annals of Finance, 2006 - Current

Associate Editor, Quarterly Review of Economics and Finance, 2000 - Current

Associate Editor, Economic Theory, 1999 - Current

Associate Editor, European Economic Review, 2003 - 2011

Associate Editor, Annals of Finance, 2004 - 2006

Associate Editor, Lecture Notes in Economics and Mathematical Systems, 2000 - 2003

Presentations 

How a Regressive Subsidy to Employment-based Health Insurance Enhances Entrepreneurship and Improves Welfare. SAET Conference Rio de Janeiro, Rio de Janeiro, July 2016

Discussant. Payments System Research Conference, Banff Canada, June 2016

SWET, Paris, France, June 2016

Firm Dynamics. AMCS Program, Iowa City, April 2016

Employment-based Health Insurance and Misallocation: Implications for the Macroeconomy. SAET Conference, Cambridge, UK, July 2015

SWET, Paris, France, June 2015

Microfinance in the U.S.. Midwest Macro Meeting, St. Louis, MO, May 2015

Ph.D. Conference, Manchester, UK, May 2015

Entrepreneurs, Legal Institutions and Firm Dynamics. University of Iowa Alumni Conference, Iowa City, April 2015

Entrepreneurs, Legal Institutions and Firm Dynamics. Riksbank, Stockholm, Sweden, December 2014

Entrepreneurs, Legal Institutions and Firm Dynamics. Midwest Theory Conference, Lawrence, KS, October 2014

Committees and professional service 
Midwest Economic Association, 2016 - Current
Dean's Advisory Council, 2015 - Current
Committee on the Status of Women in the Economics Profession, 2015 - Current
Diversity Committee, 2014 - Current
MBA Core Curriculum Committee, 2014 - Current
Faculty Recruiting, 2014 - Current
Association for the Advancement of African Women Economists, 2013 - Current
International Scientific Program Committee, Society for the Advancement of Economic Theory, 2011 - Current
Erasmus Mundus QEM - Models and Methods of Quantitative Economics, Executive Committee, 2009 - Current