Universidad Carlos III de Madrid

The Economics Department of the Universidad Carlos III de Madrid, accredited as María de Maeztu Unit of Excellence in 2015, is one of the most prestigious economic research centres in Spain. The quality of its scientific production places it in privileged positions in international rankings such as that of the European Economic Association, which places it in position 52 in the world, 9 in Europe and 2 in Spain, or the QS 2018 ranking, which places it in the top 50 in the world. This recognition is the result of the adoption of common professional practices in the best universities in the world: the recruitment of its teaching staff in the international market; the promotion of its teaching staff by applying rigorous standards based on scientific production and teaching work; and the development of incentives for research and quality teaching. The result of these practices is an active, dynamic and diverse faculty, trained in the best universities in the world. It currently has two grants from the European Research Council, one of which corresponds to Natalia Fabra, coordinator of this node.

For this project, the UC3M group is made up of three researchers: Natalia Fabra (who acts as coordinator of the node), Alan Crawford and Georges Siotis. Imelda Wang also participates as an associate researcher.


Alan Crawford

is Professor in the Department of Economics at the Universidad Carlos III de Madrid, and is affiliated with the Center for Microdata Methods and Practices (CeMMAP). He holds a PhD in economics from University College London. His current research focuses on combining modern numerical methods with economic theory to estimate realistic and flexible dynamic models capable of reflecting consumer and business behaviour. By combining numerical techniques at the frontier of research, programming dynamics, statistical computing and econometrics, this research develops new methods and empirical tools that will be useful for academics and public policy decision makers.

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Natalia Fabra (coord.)

is Professor of Foundations of Economic Analysis at the Universidad Carlos III de Madrid. She is also a researcher at the Centre for Economic Policy Research and an associate researcher at the Toulouse School of Economics. She has received two awards as Best Young Economist in Spain (one from the Fundación Banco Sabadell and the other from the Comunidad de Madrid). She is currently associate editor of the Economic Journal and Journal of Industrial Economics. Natalia Fabra’s research focuses on the field of industrial organization, mainly on issues related to regulation and competition policy, with an emphasis on energy economics and the environment. Her research work has been published in journals with a high impact rate in the field of research, such as the American Economic Review, the Rand Journal of Economics, the Economic Journal, The Journal of Industrial Economics or the International Journal of Industrial Organization, among others. Natalia Fabra has received funds from the European Research Council (ERC Consolidator) to consolidate a leading research group in the area of energy and environmental economics during the period 2018-2023. 

Member of the Economic Advisory Group on Competition Policy (EAGCP), DG COMP, European Commission.

In 2020, she has been appointed member of the Advisory Council for Economic Affairs, Spanish Ministry of Economic Affairs and Digital Transformation.

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Georges Siotis

 is Associate Professor of Economics at Universidad Carlos III de Madrid and CEPR Research Fellow.  G. Siotis holds a PhD from the Université Libre de Bruxelles (ECARES), a Masters in Advanced European Studies (Economics) from the College of Europe (Bruges), and a Bachelors of Sciences in Economics and Economic History from the London School of Economics. At Universidad Carlos III de Madrid, he teaches Industrial Organization and its applications to Competition Policy at the undergraduate level, and Empirical Industrial Organization at graduate level. His research focuses on the analysis of competitive processes using quantitative techniques. His work has been published in leading peer reviewed academic journals and is widely cited.  In 1997-1998, he was a Fellow at the Bank of Spain’s Research Department.  During the period 2008-2011, he was a member of the Chief Economist Team (CET) of the Directorate General for Competition of the EU Commission. He worked on merger control, antitrust (abuse of dominance and collusion), and state aid cases.  He was also involved in the development of horizontal policies.

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Researchers Associated


is a postdoctoral researcher at the Economics Department at Universidad Carlos III de Madrid. Her research explores the intersection of energy, health and environmental economics, looking at how variable pricing can reduce the costs of renewable energy in electricity markets and how the energy transition can impact health and human behavior. She obtained her PhD in Economics in 2018 at the University of Hawaii at Manoa. Her main research interests are in the areas of Energy and Environmental Economics and Health Economics.

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