Professor Garicano's research focuses on the interactions between internal firm choices and changes in the economy as a whole. In particular, he has studied how changes in the organization of firms affect economy-wide aggregates such as productivity growth, wage inequality; and viceversa, how ecoomic changes such as advances in information technology or changes in regulation affect the use of incentives and internal structure of firms. He has conducted empirical research for example on B2B exchanges, automobile franchise, law firms, police departments, and world wide management structures, as well as theoretical research on efficient hierarchies, on firm organization and wage inequality, on outsourcing and inequality, and on the matching of problems with expertise in firms and in markets. More broadly, he is interested in industrial organisation, labour economics, strategy, and law and economics. His research has earned him a directorship from the Centre for Economic Policy Research and the Banco Herrero Prize for the best Spanish researcher under 40 in the fields of economic, business and social research.
Professor Garicano obtained two bachelor's degrees, one in economics in 1990 and one in law in 1991, both from Universidad de Valladolid in Spain. He earned a master's degree in European economic studies from the College of Europe in Belgium in 1992. He then moved to the United States, where he earned a master's degree in economics in 1995 and a PhD in economics in 1998, both from the University of Chicago. He joined the faculty of the University of Chicago Booth School of Business in 1998, initially as Assistant Professor, progressing to Associate Professor in 2002 and full Professor in 2006. During his time at Chicago Booth he took leave to teach at the Sloan School of Management at the Massachusetts Institute of Technology (MIT), as well as London Business School. He is currently a professor in the in the Management and Economics Departments at the London School of Economics.
2014 - 2015 Course Schedule
Cooking, reading (particularly biographies), hiking.
Economics of acquisition and transmission of knowledge; organizing professional service firms; specialization; culture, language and codes in organizations; incentives; organization and strategy.
With Pol Antras and Esteban Rossi Hansberg, "Offshoring in a Knowledge Economy," Quarterly Journal of Economics (forthcoming).
With Natxo Palacios-Huerta and Canice Prendergast, "Favoritism under Social Pressure," Review of Economics and Statistics (May 2005).
With Tano Santos, "Referrals," American Economic Review (June 2004).
With Steven Kaplan, "The Effect of Business-to-Business E-commerce on Transactions Costs," Journal of Industrial Economics (2001).
"Hierarchies and the Organization of Knowledge in Production," Journal of Political Economy (October 2000).
For a listing of research publications please visit
’s university library listing