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Ricardo Serrano-Padial, PhD

Associate Professor



I am an applied theorist with a focus on Information Economics. Using a combination of theory, empirical and experimental methods, my research has centered on several areas: 1) informational asymmetries and enforcement in credit and asset markets, 2) the role of beliefs and information in shaping asset prices and individual risk preferences; and 3) coordination problems in heterogeneous economies. My work provides insights into such phenomena as credit crunches; economic fragility and regime change; the effect of technological progress in credit markets; asset pricing anomalies; and information-driven choice under risk. I joined the School of Economics at Drexel University in the fall of 2015 after being an assistant professor in economics at UW-Madison from 2007 to 2015.

Areas of Expertise

  • Financial Economics
  • Game Theory
  • Behavioral Economics
  • Economics/Managerial Economics

Selected Works


Drozd, Lukasz, and Serrano-Padial, Ricardo, Financial Contracting with Enforcement Externalities. Journal of Economic Theory 178 (Nov 2018):153-189.

Drozd, Lukasz, and Serrano-Padial, Ricardo, Modeling the Revolving Revolution: The Debt Collection Channel. American Economic Review 107 (Mar 2017):897-930.

Gandhi, Amit, and Serrano-Padial, Ricardo, Does Belief Heterogeneity Explain Asset Prices: The Case of the Longshot Bias. Review of Economic Studies 82 (Dec 2014):156-186.

Serrano-Padial, Ricardo, Naive Traders and Mispricing in Prediction Markets. Journal of Economic Theory 147 (May 2012):1182-1212.

Serrano-Padial, Ricardo, No Trade Theorems. The New Palgrave Dictionary of Economics (Mar 2010).

Amuedo-Dorantes, Catalina, and Serrano-Padial, Ricardo, Labor Market Flexibility and Poverty Dynamics: Evidence from Spain. Labour Economics 17 (Jan 2010):632-642.

Amuedo-Dorantes, Catalina, and Serrano-Padial, Ricardo, Wage Growth Implications of Fixed-Term Employment: An Analysis by Contract Duration and Job Mobility. Labour Economics 14 (Oct 2006):829-847.

Amuedo-Dorantes, Catalina, and Serrano-Padial, Ricardo, Fixed-term Employment and Its Poverty Implications: Evidence from Spain. Focus 23 (Spring 2005):42-45.


PhD Economics - University of California, San Diego USA 2007
MS Economics - San Diego State University USA 2002