Overview

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

Researchers

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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

• Named Strategic Choice in Repeated Games (JHUV) - Block, J. and Schneider, F-G. Project Summary and Output
• Free-Riding and Group Cooperation (JHOP) - Elliott, M. Project Summary and Output
• Experts Opinions and Persuasion in Times of Uncertainty (JHUP) - Elliott, M., Ortoleva, P. and Agranov, M. Project Summary and Output
• The Economic Implications of the Structure of Trade and Production Networks (JHWD) - 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
• Monetary Networks (JHUR) - Gallo, E. Project Summary and Output
• Experiments on Financial Networks (JHLB) - Goyal, S. Project Summary and Output
• Experiments on 'Networked Markets' (JHLR) - Goyal, S. Project Summary and Output
• Efficiency and Inequality in a Network Economy (JHOS) - Goyal, S. Project Summary and Output
• Social Learning and Fake News (JHUM) - Goyal, S. Project Summary and Output
• Games on Networks: An Experimental Study (JHVK) - Goyal, S., Choi, S. and Moisan, F. Project Summary and Output
• Economics of Networks (JHVZ) - Goyal, S.
• Collaborative Behaviour to Reduce Inequalities: An Experimental Study (JHVV) - Lleó Bono, A. Project Summary and Output

More Sponsored Projects >>

Published Papers

Ductor, L., Goyal, S. and Prummer, A. Gender and Collaboration, Review of Economics and Statistics, forthcoming (2023)
Evans, R. A. and Reiche, S. K. When Is a Contrarian Adviser Optimal?, American Economic Journal: Microeconomics (2023)
Choi, S., Goyal, S., Moisan, F. and To, Y. Y. T. Learning in Networks: An Experiment on Large Networks with Real-World Features, Management Science (2023)
Mehling, M. A. and Ritz, R. From Theory to Practice: Determining Emissions in Traded Goods Under a Border Carbon Adjustment, Oxford Review of Economic Policy (2023)
Ritz, R. Does Competition Increase Pass-Through?, RAND Journal of Economics, forthcoming (2023)
Chen, J., Elliott, M. and Koh, A. Capability Accumulation and Conglomeratization in the Information Age, Journal of Economic Theory, accepted (2023)
Dasgupta, P. and Levin, S. Economic Factors Underlying Biodiversity Loss, Philosophical Transactions of the Royal Society B (2023)
Choi, S., Goyal, S. and Moisan, F. Brokerage Rents and Intermediation Networks, Proceedings of the National Academy of Sciences of the United States of America (2023)
Bowman, E., Coghill, D., Murawski, C. and Bossaerts, P. Not so smart? “Smart” drugs increase the level but decrease the quality of cognitive effort, Science Advances (2023)
Gallo, E. and Yan, C. Efficiency and Equilibrium in Network Games: An Experiment, Review of Economics and Statistics, accepted (2022)
Elliott, M., Golub, B. and Leduc, M. V. Supply Network Formation and Fragility, American Economic Review (2022)
Gallo, E., Riyanto, Y. E., Roy, N. and Teh, T-H Cooperation and Punishment Mechanisms in Uncertain and Dynamic Social Networks , Games and Economic Behavior, forthcoming (2022)
Conforti, C., Berndt, J., Pilehvar, M. T., Giannitsarou, C., Toxvaerd, F. and Collier, N. Incorporating Stock Market Signals for Twitter Stance Detection, Proceedings of the 60th Annual Meeting of the Association for Computational Linguistics (Volume 1: Long Papers) (2022)
Dangerfield, C., Fenichel, E. P., Finnoff, D., Hanley, N., Heape, S. H., Shogren, J. F. and Toxvaerd, F. Challenges of Integrating Economics into Epidemiological Analysis of and Policy Responses to Emerging Infectious Diseases, Epidemics, forthcoming (2022)
Toxvaerd, F.M.O. and Rowthorn, R. On the Management of Population Immunity, Journal of Economic Theory (2022)
Matthies, K. and Toxvaerd, F.M.O. Rather Doomed than Uncertain: Risk Attitudes and Transmissive Behavior Under Asymptomatic Infection, Economic Theory, accepted (2022)
Barak, D., Gallo, E., Rong, K., Tang, K. and Du, W. Experience of the COVID-19 pandemic in Wuhan leads to a lasting increase in social distancing, Scientific Reports (2022)
Ritz, R. Linking Executive Compensation to Climate Performance, California Management Review (2022)
Ritz, R. Global Carbon Price Asymmetry, Journal of Environmental Economics and Management (2022)
Dasgupta, P. The Dasgupta Review: Supplementary Notes on Investment in Conservation and Restoration, Family Planning, and Reproductive Health, National Institute Economic Review (2021)
Agranov, M. and Elliott, M. Commitment and (in) Efficiency: A Bargaining Experiment, Journal of the European Economic Association (2021)
Giannitsarou, C., Kissler, S. and Toxvaerd, F.M.O. Waning Immunity and the Second Wave: Some Projections for SARS-CoV-2, American Economic Review: Insights (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)
Evans, S., Mehling, M. A., Ritz, R. and Sammon, P. Border Carbon Adjustments and Industrial Competitiveness in a European Green Deal, Climate Policy (2021)
Conforti, C., Berndt, J., Pilehvar, M. T., Giannitsarou, C., Toxvaerd, F. and Collier, N. Will-They-Won’t-They: A Very Large Dataset for Stance Detection on Twitter, Proceedings of the 58th Annual Meeting of the Association for Computational Linguistics (2020)
Conforti, C., Berndt, J., Pilehvar, M. T., Giannitsarou, C., Toxvaerd, F. and Collier, N. STANDER: An Expert-Annotated Dataset for News Stance Detection and Evidence Retrieval, Findings of the Association for Computational Linguistics: EMNLP 2020 (2020)
Conforti, C., Berndt, J., Pilehvar, M. T., Giannitsarou, C., Toxvaerd, F. and Collier, N. Synthetic Examples Improve Cross-Target Generalization: A Study on Stance Detection on a Twitter corpus, Proceedings of the Eleventh Workshop on Computational Approaches to Subjectivity, Sentiment and Social Media Analysis (2020)
Conforti, C., Berndt, J., Pilehvar, M. T., Giannitsarou, C., Toxvaerd, F. and Collier, N. Adversarial Training for News Stance Detection: Leveraging Signals from a Multi-Genre Corpus, Proceedings of the EACL Hackashop on News Media Content Analysis and Automated Report Generation (2020)
Dasgupta, P. and Goyal, S. Narrow Identities, Journal of Institutional and Theoretical Economics (2019)
Aidt, T.S., Chadha, J.S. and Sabourian, H. Breaking the Brexit impasse: Achieving a fair, legitimate and democratic outcome, National Institute Economic Review (2019)
Elliott, M., Goyal, S. and Teytelboym, A. Networks and Economic Policy, Oxford Review of Economic Policy (2019)
Felli, L. and Harris, C. Firm-Specific Training, Journal of Economic Theory (2018)
Dessi, R., Gallo, E. and Goyal, S. Network Cognition, Journal of Economic Behavior and Organization (2016)
Evans, R. A. and Reiche, S. K. Contract design and non-cooperative renegotiation, Journal of Economic Theory (2015)
Evans, R. A. and Reiche, S. K. Bilateral trading and renegotiation, Revise-and-resubmit at Journal of Economic Theory (2013)
Harris, C., Anand, S. and Linton, O. On Ultrapoverty, Arguments for a Better World: Essays in Honor of Amartya Sen (2008)
Evans, R. A. and Reiche, S. K. Imperfect commitment and the revelation principle: the multi-agent case with transferable utility, Economics Letters (2008)

Cambridge Working Papers in Economics

Mylius, F. Why Personal Ties (Still) Matter: Referrals and Congestion, CWPE2356 (2023)
Elliott, M., Golub, B., Leduc, M. V. Corporate Culture and Organizational Fragility, CWPE2314 (2023)
Elliott, M., Galeotti, A., Koh, A., Li, W. Matching and Information Design in Marketplaces, CWPE2313 (2023)
Boa, I., Elliott, M., Foster, D. A Capability Approach to Merger Review, CWPE2312 (2023)
Anderlini, L., Felli, L., Piccone, M. The Emergence of Enforcement, CWPE2250 (2022)
Choi, S., Goyal, S., Moisan, F., To, Y. Y. T. Learning in Canonical Networks, CWPE2235 (2022)
Ritz, R. Carbon pricing and industrial competitiveness: Border adjustment or free allocation?, CWPE2234 (2022)
Evans, R., Park, I-U. Third-Party Sale of Information, CWPE2233 (2022)
Evans, R. A., Reiche, S. K. When is a Contrarian Adviser Optimal?, CWPE2222 (2022)
Ding, S., Dziubinski, M., Goyal, S. Clubs and Networks, CWPE2175 (2021)
Calzolari, G., Felli, L., Koenen, J., Spagnolo, G. and Stahl, K. O. Relational Contracts and Trust in a High-Tech Industry, CWPE2154 (2021)
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., Koh., A, and Li, W. 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)
Gallo, E. and Langtry, A. Social networks, confirmation bias and shock elections, CWPE2099 (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)
Toxvaerd, F.M.O. and Rowthorn, R. On the Management of Population Immunity, CWPE2080 (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)
Choi, S., Goyal, G. and Moisan, F. Large Scale Experiments on Networks: A New Platform with Applications, CWPE2063 (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)
Rowthorn, R. and Toxvaerd, F.M.O. The Optimal Control of Infectious Diseases via Prevention and Treatment, CWPE2027 (2020)
Toxvaerd, F.M.O. Equilibrium Social Distancing, CWPE2021 (2020)
Choi, S., Goyal, S. and Moisan, F. Brokerage Rents and Intermediation Networks, CWPE2005 (2020)
Neuhoff, K., Ritz, R. Carbon cost pass-through in industrial sectors, CWPE1988 (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)
Cardoso, F. M., Gracia-Lázaro, C., Moisan, F., Goyal, S., Sánchez, A. and Moreno, Y. Trading in Complex Networks, CWPE1953 (2019)
Choi, S., Goyal, S. and Moisan, F. Connectors and Influencers, CWPE1935 (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)
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)
Dziubinski, M., Goyal, S. and Minarsch, D. E. N. The Strategy of Conquest, CWPE1704 (2017)
Ritz, Robert A. Oligopolistic competition and welfare, CWPE1680 (2016)
Dasgupta, P. Birth and Death, CWPE1660 (2016)
Dasgupta, P. and Goyal, S. Narrow Identities, CWPE1653 (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)
Dessi, R., Gallo, E. and Goyal, S. Network Cognition, CWPE1462 (2014)
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)
Evans, R. A. and Reiche, S. K. Mechanism Design and Non-Cooperative Renegotiation, CWPE1331 (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

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