Skip Content

Professor Andrea Prat FBA

Microeconomics: political economy & organisational economics
Andrea Prat profile picture

About this Fellow

Andrea Prat is the Richard Paul Richman Professor of Business at Columbia Business School and Professor of Economics at the Department of Economics, Columbia University. He received his PhD in Economics from Stanford University.

Professor Prat's work focuses on organisational economics and political economy. His current research in organisational economics explores – through theoretical modeling, field experiments, and data analysis – issues such as incentive provision, corporate leadership, employee motivation, and organisational language. Professor Prat is a principal investigator of the Executive Time Use Project. His current research in political economy attempts to define and measure the influence of the media industry on the democratic process.

He is the author of numerous articles in leading journals in economics and finance including the American Economic Review, Econometrica, the Journal of Finance, the Quarterly Journal of Economics, the Review of Economic Studies, and the Review of Financial Studies. He served as Chairman and Managing Editor of the Review of Economic Studies. He is an Associate Editor of Theoretical Economics and a director of the Industrial Organisation programme of the Center for Economic Policy Research in London. Professor Prat was elected a Fellow of the Econometric Society in 2013.



Current post

  • Richard Paul Richman Professor of Business, Economics Division, Columbia Business School
  • Professor of Economics, Department of Economics, Columbia University

Past Appointments

  • Professor of Economics, Department of Economics, London School of Economics, 2004 - 2013
  • Reader, Department of Economics, London School of Economics, 2002 - 2004
  • Lecturer, Department of Economics, London School of Economics, 2000 - 2002
  • Assistant Professor, Tilburg University, 1997 - 2000


Media Power

Andrea Prat, 2018 University of Chicago Press Journals

Journal of Political Economy

Language and the Theory of the Firm

Andrea Prat, Jacques Cremer and Luis Garicano, 2007

Quarterly Journal of Economics

Other Economics and Economic History Fellows

Professor Peter Phillips

Econometrics, trends and transitions in economic activity, asset price bubble detection methods, modelling volatility in financial data, and automated model building for policy analysis and forecasting

Professor Bruce Campbell

The economic history of late-medieval Britain and Ireland, with particular reference to human-environment interactions during the 14th century and trends in agricultural output and productivity from the 13th to 19th centuries

Professor Rachel Griffith

Applied economic analysis of the impact of government policy on economic performance; competition, innovation and productivity; firm pricing behaviour; consumer shopping patterns and nutrition

Professor John Campbell

Financial economics; bond and stock prices, portfolio choice for long-term investors, and the financial decisions of households