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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 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.


Professor Matthew Elliott
Professor of Economics

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

Professor Aytek Erdil
Professor of Economics
Chair of Undergraduate Studies Committee

Research Interests
Economic Theory, Market Design


Professor Robert Evans
Professor of Economic Theory and Chair of Graduate Studies Committee

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

Professor Leonardo Felli
Chair of the Faculty
Professor of Economics

Research Interests
Economic Theory


Dr Edoardo Gallo
University Associate Professor

Research Interests
Experimental economics, networks, behavioural economics

Dr Xin Gao
Cambridge-INET Postdoctoral Research Fellow

Research Interests
Microeconomic Theory, particularly Information Economics and Mechanism Design


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 Robert Ritz
Senior Teaching Associate

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


Professor Hamid Sabourian
Professor of Economics and Game Theory

Research Interests
Economic theory and game theory

Dr Mikhail Safronov
University Assistant Professor

Research Interests
Microeconomic Theory


Dr Flavio Toxvaerd
University Associate Professor

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 and Markets, Income Inequality, Game Theory


Adrian Chung

Research Interests
Applied Economic Theory, Political Economy, and Industrial Organization

Darija Halatova

Title: Essays in Experimental Economics


Tristan Hennig

Title: Essays on Information in Financial Markets

Research Interests
Financial Economics, Game Theory (Information Economics), Market Microstructure

Darren Hoover

Research Interests
The Dynamics of Network Formation over Physical Spaces


Felix Mylius

Research Interests
Search; Matching; Networked Markets

Yi Wei

Title: Dynamic Competition, Collusion and Intertemporal Capacity Constraint


 
 

Research Grants

  • Collaborative Research: The Economic Benefits of Investing into Social Relationships (3 year NSF Award) - Elliott, M.
  • Embedded Markets and the Economy (EMBED) (ERC Starting grant) - Elliott, M.
  • A Platform For Interactive Online Experiments (ISAAC NEWTON TRUST) - Gallo, E.
  • Monetary Networks (IFREE) - 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.
  • Bridging The Gap From Individual Behaviour To The Socio-Technical Man (IBSEN) (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

More Sponsored Projects >>

Published Papers

Dasgupta, P. The Dasgupta Review: Supplementary Notes on Investment in Conservation and Restoration, Family Planning, and Reproductive Health, National Institute Economic Review (2021)
Dziubinski, M., Goyal, S. and Minarsch, D. E. N. The Strategy of Conquest, Journal of Economic Theory (2021)
Ambrus, A. and Elliott, M. Investments in Social Ties, Risk Sharing, and Inequality , Review of Economic Studies (2021)
Elliott, M., Georg, C-P. and Hazell, J. Systemic Risk Shifting in Financial Networks, Journal of Economic Theory (2021)
Dasgupta, P., Dasgupta, A. and Barrett, S. Population, Ecological Footprint, and the Sustainable Development Goals, Environment and Resource Economics, forthcoming (2021)
Ductor, L., Goyal, S. and Prummer, A. Gender and Collaboration, Review of Economics and Statistics, forthcoming (2021)
Galeotti, A., Golub, B. and Goyal, S. Targeting Interventions in Networks, Econometrica (2020)
Agranov, M. and Elliott, M. Commitment and (in) Efficiency: A Bargaining Experiment, Journal of the European Economic Association (2020)
Gallo, E. Communication Networks in Markets, European Economic Review (2020)
Goyal, S., Hernández, P., Martínez-Cánovasz, G., Moisan, F., Muñoz-Herrera, M. and Sánchez, A. Integration and Diversity, Experimental Economics (2020)
Beshears, J., Choi, J. J., Harris, C., Laibson, D., Madri, B. C. and Sakong, J. Which Early Withdrawal Penalty Attracts the Most Deposits to a Commitment Savings Account?, Journal of Public Economics (2020)
Elliott, M. and Golub, B. A Network Approach to Public Goods, Journal of Political Economy (2019)
Elliott, M. and Nava, F. Decentralized Bargaining in Matching Markets: Efficient Stationary Equilibria and the Core, Theoretical Econoimcs (2019)
Dasgupta, A. and Dasgupta, P. Population Overshoot, The Oxford Handbook of Practical Ethics, forthcoming (2019)
Toxvaerd, F.M.O. Rational Disinhibition and Externalities in Prevention, International Economic Review (2019)
Goyal, S., Heidari, H. and Kearns, M. Competitive Contagion in Networks, Games and Economic Behavior (2019)
Block, J. I., Fudenberg, D. and Levine, D. K. Learning dynamics with social comparisons and limited memory, Theoretical Economics (2019)
Gallo, E., Riyanto, Y. E., Teh, T. and Roy, N. Strong Links Promote the Emergence of Cooperative Elites, Scientific Reports (Nature) (2019)
Goyal, S. Society and Economy: Frameworks and Principles: A Book Review, Journal of Economic Literature (2019)
Dasgupta, P., Ramsey and Intergenerational Welfare Economics, Stanford Encyclopedia of Philosophy (2019)
Erdil, A. and Kumano, T. Efficiency and stability under substitutable priorities with ties, Journal of Economic Theory (2019)
Elliott, M., and Galeotti, A. The Role of Networks in Antitrust Investigations, Oxford Review of Economic Policy (2019)


Cambridge Working Papers in Economics

Calzolari, G., Felli, L., Koenen, J., Spagnolo, G. and Stahl, K. O. Relational Contracts and Trust in a High-Tech Industry, CWPE2154 (1970)
Ritz, R. Global Carbon Price Asymmetry, CWPE2145 (2021)
Auld, C. and Toxvaerd, F.M.O. The Great COVID-19 Vaccine Rollout: Behavioral and Policy Responses, CWPE2136 (2021)
Toxvaerd, F.M.O. Contacts, Altruism and Competing Externalities, CWPE2135 (2021)
Carmona, G. and Sabourian, H. Approachability with Discounting, CWPE2124 (2021)
Elliott, M., Galeotti., A. and Koh., A. Market Segmentation Through Information, CWPE2105 (2021)
Juang, W-T. and Sabourian, H. Rules and Mutation - A Theory of How Efficiency and Rawlsian Egalitarianism/Symmetry May Emerge, CWPE2101 (2021)
Perino, G., Ritz, R., van Benthem, A. Overlapping Climate Policies, CWPE20111 (2020)
Ritz, R. Climate targets, executive compensation, and corporate strategy, CWPE2098 (2020)
Makris, M. and Toxvaerd, F.M.O. Great Expectations: Social Distancing in Anticipation of Pharmaceutical Innovations, CWPE2097 (2020)
Mehling, M., and Ritz, R. Going beyond default intensities in an EU carbon border adjustment mechanism, CWPE2087 (2020)
Ambrus, A. and Elliott, M. Investments in Social Ties, Risk Sharing and Inequality, CWPE2071 (2020)
Elliott, M. and Talamàs, E. Bargaining Foundations for Price Taking in Matching Markets, CWPE2070 (2020)
Chen, J., Elliott, M. and Koh, A. Capability Accumulation and Conglomeratization in the Information Age, CWPE2069 (2020)
Elliott, M., Georg, C-P. and Hazell, J. Systemic Risk-Shifting in Financial Networks, CWPE2068 (2020)
De Mel, S., Munshi, K., Reiche, S. and Sabourian, H. Herding in Quality Assessment: An Application to Organ Transplantation, CWPE2052 (2020)
Evans, S., Mehling, M., Ritz, R. and Sammon, P. Border Carbon Adjustments and Industrial Competitiveness in a European Green Deal, CWPE2036 (2020)
Ductor, L., Goyal, S., van der Leij, M. and Paez, G. N. On the Influence of Top Journals, CWPE2029 (2020)
Elliott, M., Golub, B. and Leduc, M. V. Supply Network Formation and Fragility, CWPE2028 (2020)
Toxvaerd, F.M.O. Equilibrium Social Distancing, CWPE2021 (2020)
Neuhoff, K., Ritz, R. Carbon cost pass-through in industrial sectors, CWPE1988 (2019)
Ball, I. and Gao, X. Checking Cheap Talk, CWPE1982 (2019)
Ritz, R. Does competition increase pass-through?, CWPE1974 (2019)
Holmberg, P., Ritz, R. Capacity mechanisms and the technology mix in competitive electricity markets, CWPE1960 (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)
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)
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)
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)
Safronov, M. A Coasian Approach to Efficient Mechanism Design, CWPE1619 (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. Efficiency 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
Erdil, A. and Klemperer, P. A New Payment Rule for Core-Selecting Package Auctions, (2017), forthcoming in Part II - The Combinatorial Clock Auction Designs. Edited by Martin Bichler, Jacob Goeree - Cambridge University Press
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 Scholarship Online
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




Anne-Katrin Roessler
(University of Toronto)
"tbc"
Saturday 23rd October 2021 2:46am
(Microeconomics)
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Saturday 23rd October 2021 2:46am
(Microeconomics)



Faculty Events


26 Oct

The Great Vaccine Rollout: Covid-19, Cooperation & Global Public Goods
Online Event



Recent Publications


Ductor, L., Goyal, S. and Prummer, A. Gender and Collaboration Review of Economics and Statistics, forthcoming [2021]

Agranov, M. and Elliott, M. Commitment and (in) Efficiency: A Bargaining Experiment Journal of the European Economic Association [2020]

Dziubinski, M., Goyal, S. and Minarsch, D. E. N. The Strategy of Conquest Journal of Economic Theory [2021]



Selected CWPE


21
36

The Great COVID-19 Vaccine Rollout: Behavioral and Policy Responses, Auld, C. and Toxvaerd, F.M.O.

20
68

Systemic Risk-Shifting in Financial Networks, Elliott, M., Georg, C-P. and Hazell, J.

20
52

Herding in Quality Assessment: An Application to Organ Transplantation, De Mel, S., Munshi, K., Reiche, S. and Sabourian, H.