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Luciano I. de Castro

Henry B. Tippie Research Fellow and Professor

Current Positions

  • Professor, Economics
  • Henry B. Tippie Research Fellow, Economics

Education

  • PhD in Mathematical Economics, Institute of Applied Pure Mathematics
  • MS in Mathematical Economics, Institute of Applied Pure Mathematics
  • MBA, Foundation of Getulio Vargas
  • BA in Electronics Engineering, Institute of Aeronautical Technology

Research Interests

  • Dynamic Economics

Selected Awards & Honors

  • ISEN Booster Award - Northwestern University, 2014
  • Henry B. Tippie Research Fellow - Tippie College of Business, 2014
  • First Prize, Economic Theory Best Paper Award - Brazilian Econometric Society, 2012
  • Haralambos Simeonides Prize - National Association of Economic Schools, 2004

Selected Publications

  • De Castro, L. & Yannelis, N. (2018). Uncertainty, Efficiency and Incentive Compatibility: Ambiguity Solves the Problem Between Efficiency and Incentive Compatibility. Journal of Economic Theory. 177 pp. 678-707. DOI: 10.1016/j.jet.2018.02.008.
  • de Castro, L. I., Liu, Z., & Yannelis, N. C. (2017). Implementation under ambiguity. Games and Economic Behavior. 101 pp. 20-33.
  • Amir, R. & De Castro, L. (2017). Nash equilibrium in games with quasi-monotonic best-responses. Journal of Economic Theory. 172 pp. 220-246.
  • Amir, R., De Castro, L., & Koutsougeras, L. (2014). Free entry versus socially optimal entry. Journal of Economic Theory. 154 pp. 112–125.
  • Al-Najjar, N. I. & De Castro, L. I. (2014). Parametric representation of preferences. Journal of Economic Theory.
  • Galvao, A. & Nunes, D. (2025). Dynamic economics with quantile preferences. Theoretical Economics. 20 (2025) pp. 353–425.
  • De Castro, L., Galvao, A., Westenberger, R., & Cundy, L. (2023). A dynamic quantile model for distinguishing intertemporal substitution from risk aversion. European Economic Review. 159 (104587) pp. 1-23.
  • De Castro, L., Montes-Rojas, G., Olmo, J., & Galvao, A. (2023). Joint elicitation of elasticity of intertemporal substitution, risk and time preferences. International Journal of Finance and Economics. 2023 pp. 1-22.
  • De Castro, L., Borges, G. G., & Simone, L. G. (2023). O Futuro da Formação de Preços de Energia no Brasil. Revista de Economia Contemporânea (Journal of Contemporary Economics). 27 pp. 1-54. DOI: http://dx.doi.org/10.1590/198055272710.
  • De Castro, L., Galvao, A., & Muchon Neto, A. (2023). Numerical Solution of Dynamic Quantile Models. Journal of Economic Dynamics and Control. 148 (104617) pp. 1-22.

Selected Presentations

  • "A Quantile Model of Firm Investment," Guest/Invited Speaker at George Mason University, Arlington, Virginia, October 2024.
  • "A Quantile Model of Firm Investment," Guest/Invited Speaker at University of Brasilia, Brasilia, Brazil, July 2024.
  • "Por que o Brasil precisa de uma nova constituição e como obtê-la," Panelist at Fecomercio, São Paulo, Brazil, May 2024.
  • "A Quantile Model of Firm Investment," Guest/Invited Speaker at Fundação Getulio Vargas-Rio de Janeiro, Sao Paulo, Brazil, March 2024.
  • "Asset Pricing with Downside Risk Aversion," Guest/Invited Speaker at Universidad Carlos III de Madrid, Madrid, Spain, February 2024.
  • "Discussion," Discussant at American Economic Association, San Antonio, Texas, January 2024.
  • "Asset Pricing with Downside Risk Aversion," Accepted Speaker at Association for Public Economic Theory, Santiago, Chile, January 2024.
  • "Term LImits, Reelection and Recall," Accepted Speaker at Society for the Advancement of Economic Theory, Santiago, Chile, January 2024.
  • "Asset Pricing with Downside Risk Aversion," Guest/Invited Speaker at University of Texas-Austin, Austin, Texas, January 2024.
  • "Asset Pricing with Downside Risk Aversion," Guest/Invited Speaker at Iowa State University, Ames, Iowa, October 2023.

Selected Grants & Contracts

  • De Castro Filho, L. (Investigator), Principal Investigator(s): de Castro, Luciano. Defining the value of Universal Basic Income. Tippie College of Business. Funded. January 2023 - January 2024.
  • De Castro Filho, L. (Principal Investigator). Research Grant - Institutional Capacitation Program. Ministry of Science and Technology. Funded. June 2004 - September 2005.

Employment History

  • Economic Advisor to the President, Petrobras, 2019

Editorial & Review Activities

  • Associate Editor, Economic Theory, January 2011.
  • Associate Editor, Economic Theory Bulletin, January 2015.