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Faculty of Economics


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Overview



The research group in Microeconomic Theory works to advance fundamental knowledge of incentive structures and the economy.


Researchers


Dr Leonie Baumann
INET Research Associate

Research Interests
Microeconomic Theory, Social and Economic Networks, and Game Theory

Dr Juan Block
Janeway Fellow in Economics

Research Interests
Game Theory, Microeconomics, Experimental Economics


Professor Sir Partha Dasgupta
Emeritus Professor, Frank Ramsey Professor Emeritus of Economics

Research Interests
Economics of Poverty and Nutrition. Environmental Economics. Economic Measurement. Economics of Knowledge.

Dr Matthew Elliott
University Reader

Research Interests
Networked Markets; Network Games; Bargaining; Cascades on Networks; Search; Matching


Dr Aytek Erdil
University Lecturer

Research Interests
Economic Theory, Market Design

Professor Robert Evans
Professor and Chair of Graduate Studies Committee

Research Interests
Game theory, bargaining theory, industrial organisation and contract theory.


Dr Edoardo Gallo
University Lecturer

Research Interests
Experimental economics, networks

Dr Rupert Gatti
College Lecturer (Trinity College)

Research Interests
Search theory, game theory, and the economic analysis of online markets


Professor Sanjeev Goyal
Professor of Economics

Research Interests
Economic Theory, Networks.

Professor Christopher Harris
Professor of Economics

Research Interests
Dynamic Games, Dynamic Contracts


Dr Claudia Herresthal
Research Associate

Research Interests
Information Economics, Game Theory, Education

Professor Roman Kozhan
Senior Teaching Associate

Research Interests
Asset Pricing and Market Microstructure


Dr Frederic Moisan
Research Associate

Research Interests
Game theory, behavioral economics, experimental economics, interactive epistemology, rationality, social preferences, cooperation, social networks, collective intentionality, social identity, moral psychology, logic

Dr Sönje Reiche
University Lecturer

Research Interests
Microeconomic Theory. Game Theory. Contract Theory. Industrial Organisation.


Dr Robert Ritz
Senior Teaching Associate

Research Interests
Industrial organization, energy & environmental economics, applied microeconomics

Professor Hamid Sabourian
Chair of the Faculty, Professor of Economics and Game Theory

Research Interests
Economic theory and game theory


Dr Flavio Toxvaerd
University Lecturer

Research Interests
Microeconomic Theory. Game Theory. Finance. Industrial Organisation. Economic Epidemiology.

 

Jakob Berndt

Title: Indoctrination and Belief Manipulation in Social Networks

Research Interests
Microeconomic Theory, Information Economics, Networks

Jin Deng Keith Chan

Title: Inequality and Inefficiency in Markets

Research Interests
Bargaining in Markets, Bounded Rationality, Nature of Money


Adrian Chung

Title: I want, therefore I think: A directional-goal approach to wishful thinking

Research Interests
Behavioural Economics, Cognitive Biases and Belief Formation

Stephanie De Mel

Title: Private or Public? Efficiency and Equity Implications of Tertiary Education Choice


Sihua Ding

Title: Essays on Network Formation

Research Interests
Microeconomic Theory, Economics of Networks, Industrial Organization

Darija Halatova

Title: Essays in Experimental Economics


Tristan Hennig

Title: Asset prices and trading under imperfect information processing

Research Interests
Game Theory, Asset Pricing, Behavioural Finance

Alan Walsh

Title: Network Formation: Theory and Applications


Research Grants

  • Collaborative Research: The Economic Benefits of Investing into Social Relationships (3 year NSF Award) - Elliott, M.
  • Embedded Markets and the Economy (ERC Starting grant) - Elliott, M.
  • A Platform For Interactive Online Experiments (ISAAC NEWTON TRUST) - Gallo, E.
  • The Internet And Price Competition In Retail Markets Within The Eu (ESRC) - Gatti, J.
  • Price Comparison Sites And Competition (ESRC) - Gatti, J.
  • Influencing The Influencers: A Theory Of Strategic Diffusion (ESRC) - Goyal, S.
  • Research Seminars: Seminars On Networks (ESRC) - Goyal, S.
  • Complexity-Net: Resilience And Interaction Of Networks In Ecology And Economics (Resinee) (EPSRC) - Goyal, S.
  • Ibsen- Bridging The Gap From Individual Behaviour To The Socio-Technical Man (ECH2020 FUTURE & EMERGING TECHNOLOGIES (FET)) - Goyal, S.
  • Herding In Financial Markets (ESRC) - Sabourian, H.
  • Mid-Career Fellowship: The Economics Of Infectious Disease (BRITISH ACADEMY) - Toxvaerd, F.

Keynes Fund Sponsored Projects

  • Free-Riding and Group Cooperation (JHOP) - Elliott, M.
  • Social Networks Structure and Economic Outcomes (JHLF) - Gallo, E. Project Summary and Output
  • UbiquityLab: A platform for large-scale online experiments with real-time interactions among participants * (JHLK) - Gallo, E. Project Summary and Output
  • Experiments on Financial Networks (JHLB) - Goyal, S. Research Output
  • Experiments on 'Networked Markets' (JHLR) - Goyal, S.
  • Efficiency and Inequality in a Network Economy (JHOS) - Goyal, S.
More Sponsored Projects >>

Published Papers

Block, J. I., Fudenberg, D. and Levine, D. K. Learning dynamics with social comparisons and limited memory, Theoretical Economics (2019)
Goyal, S., Heidari, H. and Kearns, M. Competitive contagion in networks, Games and Economic Behavior (2019)
Toxvaerd, F. M. O. Rational Disinhibition and Externalities in Prevention, International Economic Review, forthcoming (2019)
Dasgupta, A. and Dasgupta, P. Population Overshoot, The Oxford Handbook of Practical Ethics, forthcoming (2019)
Elliott, M. and Nava, F. Decentralized Bargaining in Matching Markets: Efficient Stationary Equilibria and the Core, Theoretical Econoimcs, forthcoming (2018)
Elliott, M. and Golub, B. A network approach to public goods, accepted, Journal of Political Economy (2018)
Erdil, A. and Ergin, H. Two-sided matching with indifferences, Journal of Economic Theory (2017)
Goyal, S., Rosenkranz, S., Weitzel, U. and Buskens, V. Information Acquisition and Exchange in Social Networks, The Economic Journal (2017)
Dasgupta, A. and Dasgupta, P. Socially Embedded Preferences, Environmental Externalities, and Reproductive Rights, Population and Development Review (2017)
Behar, A. and Ritz, R. OPEC vs US shale: Analyzing the shift to a market-share strategy, Energy economics (2017)
Toxvaerd, F.M.O. Dynamic limit pricing, The RAND Journal of Economics (2017)
Block, J. I. and Levine, D. K. A folk theorem with codes of conduct and communication, Economic Theory Bulletin (2017)
Gagnon, J. and Goyal, S. Networks, markets and inequality, American Economic Review (2017)
Choi, S., Galeotti, A and Goyal, S. Trading in Networks: Theory and Experiments, Journal of the European Economic Association (2017)
Dziubinski, M. and Goyal, S. How do you defend a network?, Theoretical Economics (2017)
Cerdeiro, D.A., Dziubinski, M. and Goyal, S. Individual security, contagion, and network design, Journal of Economic Theory (2017)


Cambridge Working Papers in Economics

Walsh, A. M. Games on Multi-Layer Networks, CWPE1954 (2019)
Baumann, L. Demand Cycles and Heterogeneous Conformity Preferences, CWPE1922 (2019)
Perino, G., Ritz, R., Van Benthem, A. Understanding overlapping policies: Internal carbon leakage and the punctured waterbed, CWPE1920 (2019)
Teirilä, J., Ritz, R. Strategic behaviour in a capacity market? The new Irish electricity market design, CWPE1863 (2018)
Grey, F., Ritz, R. Pass-through, profits and the political economy of regulation, CWPE1859 (2018)
Ductor, L, Goyal, S. and Prummer, A. Gender & Collaboration, CWPE1820 (2018)
Elliott, M. and Golub, B. A Network Approach to Public Goods, CWPE1813 (2018)
Goyal, S. Heterogeneity and Networks, CWPE1812 (2018)
Herresthal, C. Performance-Based Rankings and School Quality, CWPE1754 (2017)
Galeotti, A., Golub, B. and Goyal, S. Targeting Interventions in Networks, CWPE1744 (2017)
Agranov, M. and Elliott, M. Commitment and (In)Efficiency: A Bargaining Experiment, CWPE1743 (2017)
Elliott, M. and Nava, F. Decentralized Bargaining in Matching Markets: Efficient Stationary Equilibria and the Core, CWPE1742 (2017)
Dasgupta, A. and Dasgupta, P. Socially Embedded Preferences, Environmental Externalities, and Reproductive Rights, CWPE1724 (2017)
Goyal, S., Hernández, P., Martínez-Cánovasz, G., Moisan, F., Muñoz-Herrera, M. and Sánchez, A. Integration and Diversity, CWPE1721 (2017)
Herresthal, C. Hidden Testing and Selective Disclosure of Evidence, CWPE1712 (2017)
Ritz, Robert A. Oligopolistic competition and welfare, CWPE1680 (2016)
Dasgupta, P. Birth and Death, CWPE1660 (2016)
Goyal, S. Networks and Markets, CWPE1652 (2016)
Behar, A. and Ritz, R. OPEC vs US shale oil: Analyzing the shift to a market-share strategy, CWPE1623 (2016)
Galeotti, A., Ghiglinoy , C. and Goyal, S. Financial Linkages, Portfolio Choice and Systemic Risk, CWPE1612 (2016)
Ritz, R. Strategic investment, multimarket interaction and competitive advantage: An application to the natural gas industry, CWPE1603 (2016)
Goyal, S., Rosenkranz, S., Weitze, U. and Buskens, V. Information Acquisition and Exchange in Social Networks, CWPE1566 (2015)
Dziubinski, M., Goyal, S. and Vigier, A. Conflict and Networks, CWPE1565 (2015)
Choi, S., Gallo, E. and Kariv, S. Networks in the laboratory, CWPE1551 (2015)
Gagnon, J. and Goyal, S. Social Structure, Markets and Inequality, CWPE1549 (2015)
Goyal, S. Networks in Economics: A Perspective on the Literature, CWPE1548 (2015)
Cerdeiro, D., Dziubinski, M. and Goyal, S. Contagion Risk and Network Design, CWPE1547 (2015)
Gallo, E. and Yan, C. Effciency and equilibrium in network games: An experiment, CWPE1546 (2015)
Ritz, R. The Simple Economics of Asymmetric Cost Pass-Through, CWPE1515 (2015)
Ritz, R. A. Strategic investment and international spillovers in natural gas markets, CWPE1510 (2015)
Goyal, S. and Vigier, A. Interaction, Protection and Epidemics, CWPE1458 (2014)
Cho, S., Galeotti, A. and Goyal, S. Trading in Networks: Theory and Experiments, CWPE1457 (2014)
Goyal, S. and Vigier, A. Attack, Defense and Contagion in Networks, CWPE1451 (2014)
Dziubinski, M. and Goyal, S. How to Defend a Network?, CWPE1450 (2014)
Gallo, E. Communication networks in markets, CWPE1431 (2014)
Ritz, R. A. and Walther, A. How do banks respond to increased funding uncertainty?, CWPE1414 (2014)
Hahn, R. and Ritz, R. Optimal Altruism in Public Good Provision, CWPE1403 (2014)
Dasgupta, P. The Nature of Economic Development and the Economic Development of Nature, CWPE1349 (2013)
Hahn, R. and Ritz, R. Does the social Cost of Carbon Matter?: An Assessment of U.S. Policy, CWPE1346 (2013)
Ritz, R. Price Discrimination and Limits to Arbitrage in Global LNG Markets, CWPE1340 (2013)
Ritz, R. A. On welfare losses due to imperfect competition, CWPE1334 (2013)
Erdil, A. Strategy-Proof Stochastic Assignment, CWPE1333 (2013)
Hepburn, C. J., Quah, J.-H. and Ritz, R. A. Emissions Trading with Profit-Neutral Permit Allocations, CWPE1235 (2012)
Ritz, R. A. How do banks respond to increased funding uncertainty?, CWPE1213 (2012)


Chapter in Book

Goyal, S. Heterogeneity and networks, (2018), forthcoming in Handbook of Computational Econmics. - Elsevier
Goyal, S. Networks in economics: a perspective on the literature, (2016), forthcoming in The Oxford handbook of the economics of networks. Edited by Yann Bramoulle, Andrea Galeotti, Brian Rogers - Oxford University Press
Choi, S. Gallo, E. and Kariv, S. Networks in the laboratory, (2016), forthcoming in The Oxford handbook of the economics of networks. Edited by Yann Bramoulle, Andrea Galeotti, Brian Rogers - Oxford University Press
Goyal, S. Networks in economics: a perspective on the literature, (2014), forthcoming in The Oxford handbook on networks. Edited by Y. Bramoulle, A. Galeotti, B. Rogers - Oxford University Press
Goyal, S. Conflict and networks: a survey, (2014), forthcoming in The Oxford handbook on networks. Edited by Y. Bramoulle, A. Galeotti, B. Rogers - Oxford University Press
Erdil, A. and Ergin, H. Improving efficiency in school choice, (2013), forthcoming in The handbook of market design . Edited by Nir Vulkan, Alvin Roth, Zvika Neeman - Oxford University Press
Goyal, S. and Kearns, M. Competitive contagion in networks , (2012), forthcoming in STOC '12 Proceedings of the 44th symposium on Theory of Computing . - ACM
Chatterjee, K. and Sabourian, H. Game theory and strategic complexity, (2012), forthcoming in Computational complexity: theory, techniques, and applications. Edited by Robert Meyers - Springer
Anand, S. , Harris, C. , Linton, O. On ultrapoverty , (2008), forthcoming in Arguments for a Better World: Essays in Honor of Amartya Sen. Edited by Kaushik Basu, Ravi Kanbur - Oxford University Press


Conference Publication

Ahmed, M., Chan, K. J. D. and Mcfarlane, D. A Game Theoretic Approach to assessing Additive Manufacturing as a Strategic Choice, (2018) 2018 International Conference on Production and Operations Management Society (POMS), Rio de Janeiro - Brazil
Elliott, M., Golub, B. and Leduc, M. V. Networked markets and relational contracts, (2017) Thirteenth International Conference on Web and Internet Economics, WINE 2017, Bangalore, India
Goyal, S., Jabbari, S., Kearns, M., Khanna, S. and Morgenstern, S. Strategic network formation with attack and immunization, (2016) Web and Internet Economics, Montreal, Canada
Cerdeiro, D., Dziubinski, M. and Goyal, S. Individual security and network design, (2014) Fifteenth ACM Conference on Economics and Computation, Stanford University, Palo Alto
Bachrach, Y., Draief, M. and Goyal, S. Contagion and observability in security domains, (2013) Fifty-first Allerton Conference on communication, Control, and Computing, Allerton, Monticello, Illinois
Elliott, M. and Golub, B. A network approach to public goods, (2013) Fourteenth ACM Conference on electronic commerce, Philadelphia, Pennsylvania
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Related Tags:

Networks

Mechanism Design

Contract Theory

Bargaining

Search and Matching

Dynamic Games

Market Design

Experimental Economics

Dynamic Contracts

Asset Pricing

Industrial Organisation

Microeconomic Theory Research Group




Recent Publications


Gagnon, J. and Goyal, S. Networks, markets and inequality American Economic Review [2017]

Elliott, M. and Golub, B. A network approach to public goods accepted, Journal of Political Economy [2018]



Selected CWPE


19
22

Demand Cycles and Heterogeneous Conformity Preferences, Baumann, L.

18
13

A Network Approach to Public Goods, Elliott, M. and Golub, B.

19
54

Games on Multi-Layer Networks, Walsh, A. M.