Felix Munoz-Garcia

Biography

• Google Scholar
• Vita (pdf)
• Personal Web Page

Education

• Ph.D. in Economics, University of Pittsburgh, 2008.
• M.Sc. in Economics (with Honors), University of Barcelona, Spain, 2002.
• B.A. in Economics, University of Barcelona, Spain, 2000.

Fields of Interest

• Microeconomic Theory, Game Theory and Industrial Organization.
• Public and Environmental Economics.

Selected Publications

• Optimal Patent Lengths in Polluting Industries. Choi, P., Espinola-Arredondo, A., Munoz-Garcia F., and E. Diaz-Farina. Energy Economics. 2025, 152, 108968.
• Climate events and adaptation: Effects on environmental policy and abatement. Espinola-Arredondo, A., Munoz-Garcia, F. and F. Tomori.  Resource and Energy Economics. 2025, 83, 101537.
• Greener or Cheaper: Economies of Scope in Green R&D. John Strandholm, and Ana Espinola-Arredondo. Journal of Environmental Economics and Management. 2025, 130, 103107.
• Strategic Merger Approvals Under Incomplete Information, with Kiriti Kanjilal and Ana Espinola-Arredondo. Review of Industrial Organization. 2024. https://doi.org/10.1007/s11151-024-09961-1
• Environmental Regulation under Sequential Competition, with Pak-Sing Choi and Ana Espinola-Arredondo. Journal of Economic Behavior and Organization. 2024, 221, pp. 52-72.
• When Should the Regulator Be Left Alone in the Commons? How Fishing Cooperatives Can Help Ameliorate Inefficiencies, with Juan Rosas-Munoz and Ana Espinola-Arredondo. Resource and Energy Economics. 2024, 77, 101434
• Measuring regulatory errors from environmental policy uncertainty, with Ana Espinola-Arredondo and Dolores Garrido. Journal of Regulatory Economics. 2023, 64, pp. 48–65.
• Asymmetric regulators in polluting mixed oligopolies: Agency problems and second-mover advantage, with John C. Strandholm and Ana Espinola-Arredondo. Journal of Public Economic Theory. 2023, pp. 1–27.
• Being Green First: Simultaneous vs. Sequential Abatement Decisions, with John C. Strandholm and Ana Espinola-Arredondo. Economics Letters, 2023, 227, 111123.
• Can More Perishable Products Be Welfare Improving?, with Pak-Sing Choi. Economics Bulletin, 2023, 43(2).
• Green Alliances: Are They Beneficial when Regulated Firms are Asymmetric?, with John C. Strandholm and Ana Espinola-Arredondo. Journal of Industry, Competition, and Trade, 2022, 22, pp. 145-178.
• Does the Presence of a Public Firm Facilitate Merger Approvals? with Kiriti Kanjilal and Ana Espinola-Arredondo. Economics Letters. 2022, 219, 110841.
• Environmental policy helping antitrust decisions: socially excessive and insufficient merger approvals, with Pak-Sing Choi and Ana Espinola-Arredondo. Resource and Energy Economics, 2022, 67, 101267.
• Pollution Abatement with Disruptive R&D Investment, with John C. Strandholm. and Ana Espinola-Arredondo. Resource and Energy Economics, 2021, 66, 101258.
• Regulators and Environmental Groups: Better Together or Apart? with Ana Espinola-Arredondo and Eleni Stathopoulou. Environment and Development Economics, 2021, 27(1), pp. 40-66.
• Can Mandatory Certification Promote Greenwashing? A Signaling Approach, with Dolores Garrido and Ana Espinola-Arredondo. Journal of Public Economic Theory, 2020, 22(6). pp. 1801-1851.
• Campaign Limits and Policy Convergence with Asymmetric Agents, with Eric Dunaway. Public Choice, 2020, 184, pp. 429–461.
• Endogenous Equity Shares in Cournot Competition: Welfare Analysis and Policy, with Kiriti Kanjilal. The B.E. Journal of Economic Analysis and Policy, 2020, 20(1), 20180085.
• Anticipatory Effects of Taxation in the Commons: When Do Taxes Work, and When Do They Fail? with Ana Espinola-Arredondo and Isaac Duah. Ecological Economics, 2019, 166, 106433
• Transboundary Natural Resources, Externalities, and Firm Preferences for Regulation, with Sherzod Akhundjanov. Environmental and Resource Economics, 2019, 73(1), pp. 333–352.(Online appendix.)
• International Coordination of Environmental Policies: Is it Always Worth the Effort? with Jude Bayham and Ana Espinola-Arredondo. Environment and Development Economics, 2019, 24(3), pp. 294-316.
• Conservation Procurement Auctions with Bidirectional Externalities, with Ana Espinola-Arredondo and Pak-Sing Choi. Journal of Environmental Economics and Management, 2018, 92, pp. 559-579.
  
• Regulation, Free-Riding Incentives, and R&D investment with Spillover with John C. Strandholm and Ana Espinola-Arredondo. Resource and Energy Economics, 2018, 53, pp. 133-146.
  
• Information Transmission During the Trial: The Role of Punitive Damages and Legal Costs, with Ana Espinola-Arredondo and P. Tantihkarnchana. Journal of Public Economic Theory,2018, 20(2), pp. 136-155.
  
• Non-profit Product Differentiation, with Robert Rosenman. Economics Bulletin, 2017, 37(3), pp. 1415-1420.
• Firm Preferences for Environmental Policy: Industry Uniform or Firm Specific? with Sherzod Akhundjanov. Strategic Behavior and the Environment, 2016, 6(1-2), pp. 135-180.
• Can Polluting Firms Favor Regulation? with Sherzod Akhundjanov. The B.E. Journal of Economic Analysis and Policy, 2016, 16(4), pp. 1-23.
• Profit-Enhancing Environmental Policy: Uninformed Regulation in an Entry-Deterrence Model, with Ana Espinola-Arredondo. Journal of Regulatory Economics, 2016, 50(2), pp. 146-163.
  
• Can Poorly Informed Regulators Hinder Competition? with Ana Espinola-Arredondo. Environmental and Resource Economics, 2015, 61(3), pp. 433-61.
• Why do Firms Oppose Entry-Deterring Regulation? Environmental Regulation and Entry Deterrence, with Ana Espinola-Arredondo. Environment and Development Economics, 2015, 20(2), pp.141-160.
• Cooperation and Signaling with Uncertain Social Preferences, with John Duffy. Theory and Decision, 2015, 78(1), pp. 45-75. 
• The Signaling Role of Subsidies, with Ana Espinola-Arredondo. The B.E. Journal of Economic Analysis and Policy, 2015, 15(1), pp. 157-178.
• The Entry-Deterring Effects of Inflexible Regulation, with Ana Espinola-Arredondo and Jude Bayham. Canadian Journal of Economics, 2014, 47(1), pp. 298-324.
• Asymmetric Information May Protect the Commons: The Welfare Benefits of Uninformed Regulators, with Ana Espinola-Arredondo. Economics Letters, 2013, 121(3), pp. 463-67.
• When does Environmental Regulation Facilitate Entry-Deterring Practices? with Ana Espinola-Arredondo.  Journal of Environmental Economics and Management, 2013, 65(1), pp. 133-152.
• When do Firms Support Environmental Agreements? with Ana Espinola-Arredondo. Journal of Regulatory Economics, 2012, 41(3), pp. 380-401.
• When Should a Firm Expand its Business? The Signaling Implications of Business Expansion, with Esther Gal-Or and Ana Espinola-Arredondo. International Journal of Industrial Organization, 2011, 29, pp. 729-745.
• Can Incomplete Information lead to Under-Exploitation in the Commons? with Ana Espinola-Arredondo. Journal of Environmental Economics and Management, 2011, 62, pp. 402-403. (Online Appendix).
• Risk Aversion in Auctions with Asymmetrically Informed Bidders: a “Desensitizer” from Uncertainty with Sandra Orozco-Aleman. Economics Letters, 2011, 112, pp. 38-41.
• Free-Riding in International Environmental Agreements: A Signaling Approach to Non-Enforceable Treaties, with Ana Espinola-Arredondo, Journal of Theoretical Politics, 2011, 23(1), pp. 111-134.
• Competition for Status Acquisition in Public Good Games Oxford Economic Papers, March 2011, pp. 1-19. (Online Appendix).

For more on research, visit my Personal website.

Books

• Game Theory: An Introduction with Step-by-Step Examples, with Ana Espinola-Arredondo. Palgrave Macmillan, December 2023.
• Common Pool Resources: Strategic Behavior, Inefficiencies, and Incomplete Information, with Ana Espinola-Arredondo. Cambridge University Press, October 2021.
• Auction Theory: Introductory Exercises with Answer Keys, with Pak-Sing Choi. Springer-Nature, May 2021.
• Industrial Organization: Practice Exercises with Answer Keys, with Pak-Sing Choi and Eric Dunaway. Springer-Nature, January 2021. (Second Edition, forthcoming Fall 2023)
• Intermediate Economic Theory: Tools and Step-by-Step Examples, with Ana Espinola-Arredondo. The MIT Press, November 2020.
• Practice Exercises for Intermediate Economic Theory, with Eric Dunaway, John C. Strandholm, and Ana Espinola-Arredondo. The MIT Press, November 2020.
• Advanced Microeconomic Theory: An Intuitive Approach with Examples, Felix Munoz-Garcia, The MIT Press, August 2017.
• Practice Exercises for Advanced Microeconomic Theory, Felix Munoz-Garcia, The MIT Press, August 2017.
• Strategy and Game Theory – Practice Exercises with Answers,with Daniel Toro, Springer-Verlag, August 2016. (Second Edition, June 2019)
• Game Theory Applications to Environmental Economics, Ana Espinola-Arredondo and Felix Munoz-Garcia (editors), World Scientific Publishers. October 2016.

Teaching

• Microeconomic Theory I (Ph.D.) – EconS 501
• Microeconomic Theory II (Ph.D.) – EconS 503
• Strategy and Game Theory – EconS 424
• Industrial Organization (Ph.D.) – EconS 594
• Intermediate Microeconomic Theory – EconS 301

For further information, please visit my Personal website.

Awards

• Research Fellowship. Junta de Andalucia, Spain. 2009.
• Research Award from the paper “Last-Chance Sales: What Makes them Credible?” with Heriberto Gonzalez. Ensayos Revista de Economía and Universidad Autónoma de Nuevo León, México, 2009.
• Research Fellowship. University of Pittsburgh. Department of Economics. 2006-2008.
• Excellence in Teaching Award. University of Pittsburgh/Theta-Phi-Alpha Sorority. Intermediate Microeconomics. 2006.
• Reuben E. Schlesinger Best 2nd year paper Award. University of Pittsburgh. Department of Economics, 2006.