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Bruno BIAIS

Professeur

Finance

 Profile picture

Biographie

Bruno Biais a obtenu à HEC son doctorat, qui a reçu le prix de thèse de la Bourse de Paris. Il a reçu la médaille de bronze du CNRS. Il a enseigné à TSE, CMU, LSE et Oxfiord et est professeur à HEC. Ses recherches, sur la finance d'entreprise, les marchés financiers, la théorie des contrats et l'économie expérimentale a été publiée dans Econometrica, Journal of Political Economy, American Economic Review, Review of Economic Studies, Journal of Finance, Review of Financial Studies et Journal of Financial Economics. Il a été éditeur du Journal of Finance et de la Review of Economic Studies. Il est Fellow de  la Société d'Econométrie et du Finance Theory Group. Il a été conseiller scientifique de la BCE, du NYSE, de l'AMF et de la Banque d'Angleterre. 

Articles scientifiques

The Blockchain Folk Theorem

Review of Financial Studies, mai 2019, vol. 32, n° 5, pp 1662–1715, (in coll. with C. BISIÈRE, M. BOUVARD, C. CASAMATTA)

The microstructure of the bond market in the 20th century

Review of Economic Dynamics, juillet 2019, vol. 33, pp 250-271, (in coll. with R. GREEN)

Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins

Journal of Finance (The), aout 2016, vol. 71, n° 4, pp 1669-1698, (in coll. with F. HEIDER, M. HOEREVA)

Dynamics of Innovation and Risk

Review of Financial Studies, mai 2015, vol. 28, n° 5, pp 1353-1380, (in coll. with JC. ROCHET, P. WOOLLEY)

Equilibrium fast trading

Journal of Financial Economics, mai 2015, vol. 116, n° 2, pp 292-313, (in coll. with T. FOUCAULT, S. MOINAS)

Equilibrium Discovery and Preopening Mechanisms in an Experimental Market

Management Science, mars 2014, vol. 60, n° 3, pp 753-769, (in coll. with C. BISIERE, S. POUGET)

Equilibrium Pricing and Trading Volume under Preference Uncertainty

Review of Economic Studies, octobre 2014, vol. 81, n° 4, pp 1401-1437, (in coll. with J. HOMBERT, P. O. WEILL)

Competing mechanisms in a common value environment: A corrigendum

Econometrica, janvier 2013, vol. 81, n° 1, pp 393-406, (in coll. with D. MARTIMORT, J-C. ROCHET)

Clearing, Counterparty Risk, and Aggregate Risk

International Monetary Fund (IMF) Economic Review, juillet 2012, vol. 60, n° 2, pp 193-222, (in coll. with F. HEIDER, M. HOEROVA)

Equilibrium Asset Pricing and Portfolio Choice Under Asymmetric Information

Review of Financial Studies, avril 2010, vol. 23, n° 4, pp 1503-1543, (in coll. with P. BOSSAERTS, C. SPATT)

Chapitres d'ouvrages

Dynamic financial contracting

Advances In Economics And Econometrics Tenth World Congress, D. Acemoglu, M. Arellano, & E. Dekel, Cambridge University Press, Volume 1. Economic Theory, 125-171

Risk sharing, adverse selection and market structure

Financial Mathematics, Bruno Biais, Thomas Björk, Jakša Cvitanic, Nicole El Karoui, Elyés Jouini, Jean Charles Rochet, Wolfgang J. Runggaldier, Springer Berlin Heidelberg, 1656, 1-51

Actes de conférence

Blockchains, Coordination, and Forks

2019 AEA Annual Meeting , 2019 , Atlanta , 109 (C. BISIÈRE, M. BOUVARD, C. CASAMATTA)

Cahiers de recherche

The blockchain folk theorem

TSE Working Papers , 2017

Who supplies liquidity, how and when?

TSE Working Papers , 2017

Articles scientifiques

The Blockchain Folk Theorem

Review of Financial Studies, mai 2019, vol. 32, n° 5, pp 1662–1715, (in coll. with C. BISIÈRE, M. BOUVARD, C. CASAMATTA)

The microstructure of the bond market in the 20th century

Review of Economic Dynamics, juillet 2019, vol. 33, pp 250-271, (in coll. with R. GREEN)

Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins

Journal of Finance (The), aout 2016, vol. 71, n° 4, pp 1669-1698, (in coll. with F. HEIDER, M. HOEREVA)

Dynamics of Innovation and Risk

Review of Financial Studies, mai 2015, vol. 28, n° 5, pp 1353-1380, (in coll. with JC. ROCHET, P. WOOLLEY)

Chapitres d'ouvrages

Dynamic financial contracting

Advances In Economics And Econometrics Tenth World Congress, D. Acemoglu, M. Arellano, & E. Dekel, Cambridge University Press, Volume 1. Economic Theory, 125-171

Risk sharing, adverse selection and market structure

Financial Mathematics, Bruno Biais, Thomas Björk, Jakša Cvitanic, Nicole El Karoui, Elyés Jouini, Jean Charles Rochet, Wolfgang J. Runggaldier, Springer Berlin Heidelberg, 1656, 1-51

Actes de conférence

Blockchains, Coordination, and Forks

2019 AEA Annual Meeting , 2019 , Atlanta , 109 (C. BISIÈRE, M. BOUVARD, C. CASAMATTA)

Cahiers de recherche

Formation

  • Ph.D., Finance, HEC Paris - France

Nominations académiques

Responsabilités académiques à HEC

  • 2018- Professeur, Finance HEC Paris
  • 2018- Membre du GREGHEC, le laboratoire de recherche CNRS-HEC Paris HEC Paris
  • 2017-2018 Distinguished Visiting Professor, Finance HEC Paris
  • 1989-1993 Professeur Assistant HEC Paris

Responsabilités académiques externes

  • 2005-2017 Directeur de Recherche CNRS Université de Toulouse
  • 1993-2004 Professeur Université de Toulouse

Prix ​​& honneurs

  • 2012 Trading and Post-Trading
  • 2012 Elected Fellow of the Econometric Society. Appointed Economic Theory Fellow, by the Society for the Advancement of Economic Theory
  • 2002 Outstanding Referee Award, Review of Financial Studies
  • 1999 Junior Fellow of the Institut Universitaire de France
  • 1998 New York Stock Exchange Award for the Best paper on Equity Trading
  • 1994 CNRS Bronze Medal
  • 1990 Paris Bourse Award for Best PHD Dissertation