Santiago Truffa

Ph.D Business Economics

Biography

I am an assistant professor at ESE Business School, where I also serve as Academic Director of the Real Estate Modeling Lab (https://remlab.cl). I earned my Ph.D. in Business Administration from the Haas Business School, UC Berkeley. Prior to joining ESE, I spent two years in the faculty of the Finance Department at Tulane University.

My research agenda is centered around understanding how information, regulation, and social interactions shape decision-making in complex economic environments. I work across three interrelated domains: household finance, networks, and urban economics, with a consistent focus on how space—both physical and social—structures economic behavior.

Publications

1.“Do political Parties Matter for Municipal Finances? Evidence from Property Reassessments and Estate Taxes” with Felipe Aldunate  and Cristobal Diaz, PLOS ONE 2025

2.“On the Geography of Inequality: Labor Sorting and Place-Based Policies in General Equilibrium” with Alexis Montecinos Spatial Economic Analysis 2023

3.“Agglomeration, knowledge spillovers, and corporate investment ” with William Grieser, Ioannis Spyridopoulos and Gonzalo Maturana, Journal of Corporate Finance 2022

4. “The importance of Large Shocks to Return Predictability” with Juan Diaz, Hamilton Galindo, Alexis Montecinos and Diogo Duarte, Pacific-Basin Finance Journal 2021

Working Papers

1.“Removing the Fine Print: Standardized Products, Disclosure, and Consumer Outcomes” with Sheisha Kulkarni and Gonzalo Iberti R&R  Journal of Financial Economics

2.“Director Networks and Misconduct” with Matias Braun  and Ercos Valdivieso R&R Global Finance Journal 

3.“Spillovers in the Owens Valley: Water Rights and Fairness with Spatial Externalities” with Jose Antonio Espin-Sanchez and Nicholas Ryan

4.“Estimating the Information Component in Switching Costs: A Structural Approach” with Sheisha Kulkarni  and Gonzalo Iberti

5.“Labor Market Effects of Deleting Delinquencies” with Jordan Nickerson  and Gonzalo Maturana

6.“Search and Negotiation with Biased Beliefs in Consumer Credit Markets”. ” with Sean Higgins, Sheisha Kulkarni and Erik Berwart

7. “Scalable Property Valuation Models via Graph-based Deep Learning” with Enrique Riveros, Carla Vairetti, Sebastian Maldonado and Christian Wegmann

8. “The Ripple Effect: ESG Decisions in Director Networks” with Matias Braun, Vicente Corral and Claudio Raddatz

9. “The effect of property taxes on house prices: Evidence from border discontinuities in Chile” with Matias Canepa, Javier O, Carla Vairetti, Sebastian Maldonado and Christian Wegmann

 

Selected Work in Progress

1.“Public Bank Lending During a Financial Crisis” with Felipe Aldunate and  Gonzalo Iberti

2. “The economic consequences of social unrest” with Gonzalo Maturana, Rohan Ganduri and Christian Wegmann

3. “Labor matching in cities” with Yoonha Kim