Antonio Penta

Antonio Penta

Universitat Pompeu Fabra

Social & Behavioural Sciences

Antonio Penta is an economic theorist who joined ICREA in October 2018. He is also Professor of Economics at UPF and Affiliated Professor at the Barcelona School of Economics. Prior to that, he was Assistant Professor (2010-2016) and then tenured Associate Professor (2016-2018) at the University of Wisconsin-Madison. He graduated in Economics from Bocconi Univ (2004), and then he obtained a M.A. (2008) and a PhD (2010) in economics from the University of Pennsylvania. He is currently member of the Editorial Board of the American Economic Review and of the Review of Economic Studies, Associate Editor of the Journal of Economic Theory, Theoretical Economics and of Decisions in Economics and Finance, Associate Faculty at the Toulouse School of Economics, and a member of the TSE Digital Center. In 2017, he was awarded an ERC-Starting Grant from the European Research Council. personal homepage:

Research interests

My research spans a range of areas within game theory, mechanism design, behavioral economics and auction theory. In game theory and mechanism design, most of my research has focused on questions of robustness with respect to various forms of model misspecification. Within behavioral economics, my work has been both theoretical and experimental. So far the main focus has been on understanding and modeling individuals’ reasoning processes, and particularly the interaction between their cognitve abilities and incentives, in strategic settings as well as in individual decision problems. More recently, I started a new agenda on risk preferences. I have also worked on more applied IO topics, concerning the market for online advertisement and online ad auctions, from both a theoretical and empirical perspective.

Selected publications

- Ollar M & Penta A 2022, 'Efficient Full Implementation via Transfers: Uniqueness and Sensitivity in Symmetric Environments', AEA Papers And Proceedings, 112, 438 - 443.

- Alaoui L & Penta A 2022, 'Cost-Benefit Analysis in Reasoning', Journal of Political Economy, Vol1 30, no. 4, pp. 881–925.

- Penta A & Zuazo-Garín P 2022, ‘Rationalizability, Observability and Common Knowledge’, Review of Economic Studies, 89 (2), 948–975.

Selected research activities

Invited Research Seminars:

  • Venice (Ca’ Foscari, econ. dept.)
  • Singapore Management University
  • Univ. of Liverpool (dept. seminar)
  • Columbia
  • Cornell
  • Alicante
  • Oxford (dept. seminar)
  • ACM (Dutch competition authority)
  • Kyoto Univ. - Osaka Univ. - National Taiwan Univ.- Hong-Kong Baptist Univ. - Academia Sinica (online joint theory seminar)



  • Conferences and Workshops:
    • 2022 BSE Summer Forum, Preferences and Bounded Rationality; invited presenter

    • ESA-2022: Economic Science Association Conference, Bologna (Italy); presenter

    • 2022 Congress of the European Economic Association, Milan (Italy); Lead Committee Coordinator of the Economic Theory area.

    • 2022 BSE Summer Forum, Preferences and Bounded Rationality; co.organizer and committee member


  • Game Theory and Mechanism Design, undergraduate, UPF 
  • Advanced Microeconomics II, Ph.D., BSE
  • Tlpics in Economic Theory III, Ph.D., BSE
  • Digital Economics, Master, BSE
  • Industrial Organization, Master, BSE
  • Competition in Digital Markets, Executive, BSE