top of page
bg01.jpg
photoid.jpg

Michael Benzaquen

Econophysics | Complex Systems | Collective behavior | Agent-based modeling Interfacial fluid dynamics | Socio-ecological systems | Quantitative Finance

List of Publications

99.

Do venture capitalists beat random allocation?

M.S. Knicker, J.-P. Bouchaud and M. Benzaquen, arXiv:2605.03980

98.

From random walks to thermal rides: Universal anomalous transport in soaring flights

J. Vilpellet, A. Darmon and M. Benzaquen, arXiv:2601.01293

97.

A global systems perspective on food demand, deforestation and agricultural sustainability

E. Moretti, M. Loreau and M. Benzaquen, arXiv:2510.14720 and SSRN

96.

Harmonious color pairings: Insights from human preference and natural hue statistics

O. Forni, A. Darmon and M. Benzaquen, iScience (in press)

95.

Wealth inequality and planetary boundaries in a stylized agent-based model

T. Valade, M. Benzaquen, M. Cristelli, S. Gualdi and P. Lenders, arXiv:2606.14331

94.

Multivariate quadratic Hawkes processes - Part II: Non-parametric empirical calibration

C. Aubrun, M. Benzaquen, JP. Bouchaud, arXiv:2509.21244

93.

Hydrodynamics of cooperation and self-interest in a two-population occupation model

J. Garnier-Brun, R. Zakine and M. Benzaquen, Phys. Rev. Lett. 135 (2025) 107402

92.

Farm size matters: A spatially explicit ecological-economic framework for biodiversity and pest management

E. Moretti, M. Loreau and M. Benzaquen, J. Environ. Manage. 396 (2025) 128111

91.

Mitigating farmland biodiversity loss: A bio-economic model of land consolidation and pesticide use

E. Moretti and M. Benzaquen, R. Soc. Open Sci. 12(12) (2025) 251000

90.

Group-Level Imitation May Stabilize Cooperation

P. Bousseyroux, G. Zérah and M. Benzaquen, J. Stat. Mech. (2025) 123407

89.

How does liquidity shape the yield curve?

V. Le Coz, I. Mastromatteo and M. Benzaquen, Quantitative Finance 25(8) (2025) 1215–1232

88.

The structure of occupational mobility in France

M.S. Knicker, K. Naumann-Woleske and M. Benzaquen, J. Stat. Mech. (2025) 053403

87.

A tasty introduction to packing problems

R. Zakine and M. Benzaquen, Physics Today September 2025 (2025)

86.

On the relative packing densities of pistachios and pistachio shells

R. Zakine and M. Benzaquen, Wilmott Magazine 138 (2025) 1–84

85.

The diffusive nature of housing prices

A.-C. Becharat, M. Benzaquen and JP. Bouchaud, Phys. Rev. Lett. 135 (2025) 107401

84.

A minimal model of money creation under regulatory constraints

V. Le Coz, M. Benzaquen, D. Challet, J. Econ. Behav. Organ. 237 (2025) 107142

83.

Stylized facts in money markets: an empirical analysis of the eurozone data

V. Le Coz, N. Allaire, M. Benzaquen, D. Challet, European Central Bank Working Paper Series No 3113 (2025) ISBN 978-92-899-7431-8

82.

Wrapping and unwrapping multifractal fields

S. Lakhal, L. Ponson, M. Benzaquen and J.-P. Bouchaud, Phys. Rev. Research 7 (2025) 012003

81.

Riding Wavelets: A Method to Discover New Classes of Price Jumps

C. Aubrun, R. Morel, M. Benzaquen and J.-P. Bouchaud, PNAS 122(6) (2025) e2409156121

80.

Socioeconomic agents as active matter in nonequilibrium Sakoda-Schelling models

R. Zakine, J. Garnier-Brun, A.-C. Becharat and M. Benzaquen, Phys. Rev. E 109(4) (2024) 044310

79.

When is cross impact relevant?

V. Le Coz, I. Mastromatteo, D. Challet and M. Benzaquen, Quantitative Finance 24(2) (2024) 265

78.

Unlearnable games and “satisficing” decisions: A simple model for a complex world

J. Garnier-Brun, M. Benzaquen, J.-P. Bouchaud, Phys. Rev. X 14(2) (2024) 021039

77.

Exploration of the parameter space in macroeconomic agent-based models

K. Naumann-Woleske, M.S. Knicker, M. Benzaquen and J.-P. Bouchaud, Routledge International Handbook of Complexity Economics (2024) 190–207

76.

Multiscale relevance of natural images

S. Lakhal, A. Darmon, I. Mastromatteo, M. Marsili and M. Benzaquen, Scientific Reports 13 (2023) 14879

75.

Bounded rationality and animal spirits: A fluctuation-response approach to Slutsky matrices

J. Garnier-Brun, J.-P. Bouchaud and M. Benzaquen, J. Phys. Complexity 4 (2023) 015004

74.

A new spin on color quantization

S. Lakhal, A. Darmon and M. Benzaquen, J. Stat. Mech. (2023) 033401 [Highlights collection]

73.

Microfounding GARCH models and beyond: A Kyle-inspired model with adaptive agents

M. Vodret, I. Mastromatteo, B. Toth and M. Benzaquen, J. of Economic Interaction & Coordination 18 (2023) 599

72.

Paragliders' launch trajectory is universal

Q. Da Cruz Lopes, S. Ramananarivo, C. Cohen and M. Benzaquen, Am. J. Phys. 91(5) (2023) 340 [Featured Article] [Journal Cover]

71.

Valveless pumping at low Reynolds numbers

G. Amselem, C. Clanet and M. Benzaquen, Phys. Rev. App. 19(2) (2023)

70.

Multivariate quadratic Hawkes processes - Part I: Theoretical analysis

C. Aubrun, M. Benzaquen and J.-P. Bouchaud, Quantitative Finance 23 (2023) 741

69.

Economic crises in a model with capital scarcity and self-reflexive confidence

F. Morelli, K. Naumann, M. Benzaquen, M. Tarzia and J.-P. Bouchaud, arXiv:2109.09386 and SSRN

68.

Cross impact in derivative markets

M. Tomas, I. Mastromatteo and M. Benzaquen, Wilmott Magazine 123 (2023) 16–28

67.

Do fundamentals shape the price response? A critical assessment of linear impact models

M. Vodret, I. Mastromatteo, B. Toth and M. Benzaquen, Quantitative Finance 22(12) (2022) 2139–2150 [Feature article]

66.

Exogenous and endogenous price jumps belong to different dynamical classes

R. Marcaccioli, J.-P. Bouchaud and M. Benzaquen, J. Stat. Mech. (2022) 023403

65.

On Hawkes processes with infinite mean intensity

C. Aubrun, M. Benzaquen and J.-P. Bouchaud, Phys. Rev. E Vol. 105(3) (2022)

64.

Out-of-equilibrium dynamics and excess volatility in firm networks

T. Dessertaine, J. Moran, M. Benzaquen, J.-P. Bouchaud, J. Econ. Dyn. Control 138 (2022) 104362

63.

How to build a cross-impact model from first principles

M. Tomas, I. Mastromatteo and M. Benzaquen, Quantitative Finance 22(6) (2022) 1017–1036

62.

Capital demand driven business cycles: mechanism and effects

K. Naumann-Woleske, M. Benzaquen, M. Gusev, D. Kroujiline, Review of Behavioral Economics 9(4) (2022) 333–377

61.

Cultural diversity and wisdom of crowds are mutually beneficial and evolutionarily stable

B. de Courson, L. Fitouchi, J.-P. Bouchaud and M. Benzaquen, Scientific Reports 11(1) (2021) 1–15

60.

Crisis propagation in a heterogeneous self-reflexive DSGE model

F. Morelli, M. Benzaquen, J.-P. Bouchaud, M. Tarzia, PLoS One 16(12) (2021) 0261423

59.

A Stationary Kyle Setup: Microfounding propagator models

M. Vodret, I. Mastromatteo, B. Toth and M. Benzaquen, J. Stat. Mech. (2021) 033410

58.

From ants to fishing vessels: A simple model for herding and exploitation of finite resources

J. Moran, A. Fosset, A. Kirman and M. Benzaquen, J. Econ. Dyn. Control 129 (2021) 104169

57.

Non-parametric estimation of Q-Hawkes processes for order book events

A. Fosset, J.-P. Bouchaud and M. Benzaquen, European Journal of Finance 28(7) (2021) 663–678

56.

A new spin on optimal portfolios and ecological equilibria

J. Garnier-Brun, M. Benzaquen, S. Ciliberti and J.-P. Bouchaud, J. Stat. Mech. (2021) 093408 [Highlights collection]

55.

Alignment and scattering of colliding active droplets

K. Lippera, M. Benzaquen, S. Michelin, Soft Matter 17 (2021) 365–375

54.

Conditional correlations and principal regression analysis for futures

A. Karami, R. Benichou, M. Benzaquen, J.-P. Bouchaud, Wilmott Magazine 111 (2021) 63–73

53.

By force of habit: Self-trapping in a dynamical utility landscape

J. Moran, A. Fosset, D. Luzzati, J.-P. Bouchaud and M. Benzaquen, Chaos 30 (2020) 053123

52.

Endogenous liquidity crises

A. Fosset, J.-P. Bouchaud and M. Benzaquen, J. Stat. Mech. (2020) 063401

51.

Beauty and structural complexity

S. Lakhal, A. Darmon, J.-P. Bouchaud and M. Benzaquen, Phys. Rev. Research 2 (2020) 022058 [Rapid Communications] [Editors’ Suggestion]

50.

Schrödinger’s ants: A continuous description of Kirman’s recruitment model

J. Moran, A. Fosset, M. Benzaquen and J.-P. Bouchaud, J. Phys. Complex. 1 (2020) 035002

49.

Unsteady wave drag on a disturbance moving along an arbitrary trajectory

L. Gierczak, A. Fadle, M. Arutkin, E. Raphaël and M. Benzaquen, arXiv:2005.00857

48.

Hysteretic wave drag in shallow water

G.P. Benham, R. Bendimerad, M. Benzaquen, C. Clanet, Phys. Rev. Fluids 5 (2020) 064803

47.

Confidence collapse in a multi-household, self-reflexive DSGE model

F. Morelli, M. Benzaquen, M. Tarzia, J.-P. Bouchaud, PNAS 117(17) (2020), 9244–9249

46.

Zooming in on equity factor crowding

V. Volpati, M. Benzaquen, Z. Eisler, I. Mastromatteo, B. Toth, J.-P. Bouchaud, Risk November 2020 (2020)

45.

Are trading invariants really invariant? Trading costs matter

F. Bucci, F. Lillo, J.-P. Bouchaud and M. Benzaquen, Quantitative Finance 20(7) (2020) 1059

44.

Bouncing, chasing or pausing: asymmetric collisions of active droplets

K. Lippera, M. Benzaquen and S. Michelin, Phys. Rev. Fluids 5 (2020) 032201

43.

Collisions and rebounds of chemically-active droplets

K. Lippera, M. Morozov, M. Benzaquen and S. Michelin, J. Fluid Mech. 886 (2020)

42.

Effect of current on wind-wave generation

C. Nove-Josserand, S. Perrard, A. Lozano-Duran, M. Benzaquen, M. Rabaud and F. Moisy, Phys. Rev. Fluids 5 (2020) 124801

41.

The Multivariate Kyle model: More is different

L. C. García del Molino, I. Mastromatteo, M. Benzaquen and J.-P. Bouchaud, SIAM J. Financial Math. 11(2) (2020)

40.

How does latent liquidity get revealed in the limit order book?

L. Dall'Amico*, A. Fosset*, J.-P. Bouchaud and M. Benzaquen, J. Stat. Mech. (2019) 013404

39.

No net motion for oscillating near-spheres at low Re numbers

K. Lippera, O. Dauchot, S. Michelin and M. Benzaquen, J. Fluid Mech. 866 (2019) R1 - [JFM Rapids]

38.

Physics of rowing oars

R. Labbé, J.P. Boucher, C. Clanet and M. Benzaquen, New J. Phys. 21 (2019) 093050

37.

Impact is not just volatility

F. Bucci, I. Mastromatteo, M. Benzaquen and J.-P. Bouchaud, Quantitative Finance 19 11 (2019) 1763

36.

Wave drag on asymmetric bodies

G.P. Benham, J.P. Boucher, R. Labbé, M. Benzaquen, C. Clanet, J. Fluid Mech. 878 (2019) 147

35.

Crossover from Linear to Square-Root Market Impact

F. Bucci, M. Benzaquen, F. Lillo, and J.-P. Bouchaud, PRL 122 (2019) 108302

34.

Turbulent windprint on a liquid surface

S. Perrard, A. Lozano-Duran, M. Rabaud, M. Benzaquen and F. Moisy, J. Fluid Mech. 873 (2019) 1020

33.

Slow decay of impact in equity markets: insights from the ANcerno database

F. Bucci, M. Benzaquen, F. Lillo, and J.-P. Bouchaud, Market Microstructure and Liquidity 4 (2018) 1950006

32.

Thin or bulky: optimal aspect ratios for ship hulls

J.-P. Boucher, R. Labbé, C. Clanet and M. Benzaquen, Phys. Rev. Fluids 3 (2018) 074802

31.

Market impact with multi-timescale liquidity

M. Benzaquen and J.-P. Bouchaud, Quantitative Finance 18 11 (2018) 1781

30.

A fractional reaction-diffusion description of supply and demand

M. Benzaquen and J.-P. Bouchaud, Eur. Phys. J. B. 91 23 (2018) - [special issue: 50 years of Continuous Time Random Walk]

29.

Unsteady wave pattern generation by water striders

T. Steinmann, M. Arutkin, P. Cochard, E. Raphaël, J. Casas and M. Benzaquen, J. Fluid Mech. 848 370 (2018)

28.

Dynamics of anchored oscillating nanomenisci

C. Mortagne, K. Lippera, P. Tordjeman, M. Benzaquen and T. Ondarçuhu, Phys. Rev. Fluids 2 (2017) 102201(R)

27.

Adsorption-induced slip inhibition for polymer melts on ideal substrates

M. Ilton, T. Salez, P. D. Fowler, M. Rivetti, M. Aly, M. Benzaquen, J. D. McGraw, E. Raphaël, K. Dalnoki-Veress and O. Bäumchen, Nature comm. 9 (2018) 1172

26.

Trading lightly: Cross-impact and optimal portfolio execution

I. Mastromatteo, M. Benzaquen, Z. Eisler and J.-P. Bouchaud, Risk July 2017 (2017)

25.

Dissecting cross-impact on stock markets: An empirical analysis

M. Benzaquen, I. Mastromatteo, Z. Eisler and J.-P. Bouchaud, J. Stat. Mech. (2017) 023406

24.

Unravelling the trading invariance hypothesis

M. Benzaquen, J. Donier and J.-P. Bouchaud, Market Microstructure and Liquidity 2(3&4) (2016) 1650009

23.

Elastic interactions between topological defects in chiral nematic shells

A. Darmon, O. Dauchot, T. Lopez-Leon and M. Benzaquen, Phys. Rev. E 94 (2016) 062701

22.

Topological defects in cholesteric liquid crystal shells

A. Darmon, M. Benzaquen, S. Čopar, O. Dauchot and T. Lopez-Leon, Soft Matter 12 (2016) 9280 - [Journal Cover]

21.

Waltzing route towards double-helix formation in cholesteric shells

A. Darmon, M. Benzaquen, D. Seč, S. Čopar, O. Dauchot and T. Lopez-Leon, PNAS 113 (2016) 9469

20.

Capillary levelling of free-standing liquid nanofilms

M. Ilton, M. M. P. Couchman, C. Gerbelot, M. Benzaquen, P. D. Fowler, H. A. Stone, E. Raphaël, K. Dalnoki-Veress and T. Salez, PRL 117 (2016) 167801

19.

AFM study of hydrodynamics in boundary layers around micro- and nano-cylinders

J. Dupré de Baubigny, C. Devailly, M. Benzaquen, J. Laurent, A. Steinberger, J.-P. Aimé and T. Ondarçuhu, Phys. Rev. Fluids 1 (2016) 044104

18.

Wake and wave resistance on viscous thin films

R. Ledesma-Alonso, M. Benzaquen, T. Salez and E. Raphaël, J. Fluid Mech. 792 (2016) 829

17.

Slip-mediated dewetting of polymer microdroplets

J. D. McGraw, T. S. Chan, S. Maurer, T. Salez, M. Benzaquen, E. Raphaël, M. Brinkmann and K. Jacobs, PNAS 113 (2016) 1168

16.

Universal contact-line dynamics at the nanoscale

M. Rivetti, T. Salez, M. Benzaquen, E. Raphaël and O. Baumchen, Soft Matter 11 (2015) 9247 - [Journal Cover]

15.

Symmetry plays a key role in the erasing of patterned surface features

M. Benzaquen, M. Ilton, M. V. Massa, T. Salez, P. Fowler, E. Raphaël and K. Dalnoki-Veress, Appl. Phys. Lett. 107 (2015) 053103

14.

Shape and effective spring constant of liquid interfaces probed at the nanometer scale: Finite size effect

J. Dupré de Baubigny, M. Benzaquen, L. Fabié, M. Delmas, J.-P. Aimé, M. Legros and T. Ondarçuhu, Langmuir 31 (2015) 9790

13.

Influence of slip on the Plateau-Rayleigh instability on a fibre

S. Haefner, M. Benzaquen, O. Bäumchen, T. Salez, R. Peters, J. D. McGraw, K. Jacobs, E. Raphaël and K. Dalnoki-Veress, Nature Comm. 6 (2015) 7409

12.

Two-phase flow in a chemically active porous medium

A. Darmon, M. Benzaquen, T. Salez and O. Dauchot, J. Chem. Phys. 141 (2014) 244704

11.

Wake pattern and wave resistance for anisotropic moving disturbances

M. Benzaquen, A. Darmon and E. Raphaël, Physics of Fluids 26 (2014) 092106

10.

Approach to universal self-similar attractor for the levelling of thin liquid films

M. Benzaquen, P. Fowler, L. Jubin, T. Salez, K. Dalnoki-Veress and E. Raphaël, Soft Matter 10 (2014) 8608 - [Journal Cover]

9.

Viscoelastic effects and anomalous transient levelling exponents in thin films

M. Benzaquen, T. Salez and E. Raphaël, Europhys. Lett. 106 (2014) 36003

8.

A direct quantitative measure of surface mobility in a glassy polymer

Y. Chai, T. Salez, J. D. McGraw, M. Benzaquen, K. Dalnoki-Veress, E. Raphaël and J. A. Forrest, Science 343 (2014) 994

7.

Capillary levelling of a cylindrical hole in a viscous film

M. Backholm, M. Benzaquen, T. Salez, E. Raphaël and K. Dalnoki-Veress, Soft Matter 10 (2014) 2550

6.

Kelvin wake pattern at large Froude numbers

A. Darmon, M. Benzaquen and E. Raphaël, J. Fluid Mech. 738 (2014) R3 - [JFM Rapids]

5.

From adhesion to wetting of a soft particle

T. Salez, M. Benzaquen and E. Raphaël, Soft Matter 9 (2013) 10699 - [Journal Cover]

4.

Relaxation and intermediate asymptotics of a rectangular trench in a viscous film

O. Bäumchen, M. Benzaquen, T. Salez, J. D. McGraw, M. Backholm, P. Fowler, E. Raphaël and K. Dalnoki-Veress, Phys. Rev. E 88 (2013) 035001

3.

Intermediate asymptotics of the capillary-driven thin-film equation

M. Benzaquen, T. Salez and E. Raphaël, Eur. Phys. J. E 36 (2013) 82

2.

Capillary-gravity waves on depth-dependent currents: Consequences for the wave resistance

M. Benzaquen and E. Raphaël, Europhys. Lett. 97 (2012) 14007

1.

Wave resistance for capillary-gravity waves: Finite-size effects

M. Benzaquen, F. Chevy and E. Raphaël, Europhys. Lett. 96 (2011) 34003
all_logos_CS_colored.png

©2018 by Econophysics Lab

bottom of page