Professor Luco studies how consumers and firms interact in environments characterized by frictions that prevent markets from reaching efficient outcomes. Current research includes topics such as how strategic ability affects the efficiency of electricity markets, how consumer and firm search behavior affect competition in retail-gasoline markets, how vertical integration with multiproduct firms affects market efficiency, and how price leadership behavior in retail-gasoline markets can be disrupted with policies that reduce the volatility of wholesale prices.
- Lemus, J., & Luco, F. (2020). Price Leadership and Uncertainty about Future Costs.
- Luco, F., & Marshall, G. (2020). The Competitive Impact of Vertical Integration by Multiproduct Firms. The American Economic Review. 110(7), 2041-2064.
- Hortaçsu, A., Luco, F., Puller, S. L., & Zhu, D. (2019). Does Strategic Ability Affect Efficiency? Evidence from Electricity Markets. The American Economic Review. 109(12), 4302-4342.
- Hortacsu, A., Luco, F., Puller, S. L., & Zhu, D. (2019). Does Strategic Ability Affect Efficiency? Evidence from Electricity Markets. (2019),
- Luco, F. (2019). Switching Costs and Competition in Retirement Investment. American Economic Journal Microeconomics. 11(2), 26-54.