Assistant Professor of Finance
IE Business School

Maria de Molina 12, 4º Izda
28006 Madrid

mail icon dario.cestau@ie.edu

icon phone +34 91 568 98 65

Useful Links: vita

Education

Carnegie Mellon University – Ph.D. – 2014.

Carnegie Mellon University – M.S. – 2010.

Universidad de Montevideo – M.S. – 2010.

Universidad de Montevideo – B.A. – 2006.

Research Interests:

Public Economics – Public Finance – Municipal Bonds – Political Economy

Published Papers:

“Municipal Bond Markets”,  Annual Review of Financial Economics (forthcoming).

“The Political Affiliation Effect on State Credit Risk”,  Public Choice (2018).

“Admitting Students to Selective Education Programs: Merit, Profiling, and Affirmative Action” with Dennis Epple, and Holger Sieg, Journal of Political Economy (2017).

“Tax-Subsidized Underpricing: The Market for Build America Bonds” with Richard C. Green and Norman Schürhoff, Journal of Monetary Economics (2013).

“Why Governments Choose Different Debt Maturity Structures?”, Journal FCEE (2011).

Working Papers:

The Cost Burden of Negotiated Sales Restrictions: A Natural Experiment Using Heterogeneous State Laws, with Richard C. Green,  Hollified, B., and Norman Schürhoff.

“Closing the Gap: Profiling, Affirmative Action, and Non-cognitive Skills”, with Dennis Epple and Holger Sieg.

“Relationship Building and Price Discovery: Differences Between Auctions and Negotiated Sales in the Muni Market”, with Hollified, B., and Schürhoff, N..

Teaching:

IE Business School (2014-Present):

  • Master In Management: Financial Markets, and Advanced Corporate Finance

Carnegie Mellon University (2013)

  • Undergraduate program: Intermediate Microeconomics (73150)

Honors and Awards:

Doctoral Studies Scholarship, Carnegie Mellon University, Tepper School of Business, 2008-2011.

Excellence Fellowship – Universidad de Montevideo, 2002-2005.