
Overview
The research group in Microeconomic Theory works to advance fundamental knowledge of incentive structures and the economy.
Researchers
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
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
Elliott, M., Golub, B., Leduc, M. V. Corporate Culture and Organizational Fragility, CWPE2314

Elliott, M., Galeotti, A., Koh, A., Li, W. Matching and Information Design in Marketplaces, CWPE2313

Boa, I., Elliott, M., Foster, D. A Capability Approach to Merger Review, CWPE2312

Anderlini, L., Felli, L., Piccone, M. The Emergence of Enforcement, CWPE2250

Choi, S., Goyal, S., Moisan, F., To, Y. Y. T. Learning in Canonical Networks, CWPE2235

Ritz, R. Carbon pricing and industrial competitiveness: Border adjustment or free allocation?, CWPE2234

Evans, R., Park, I-U. Third-Party Sale of Information, CWPE2233

Evans, R. A., Reiche, S. K. When is a Contrarian Adviser Optimal?, CWPE2222

Ding, S., Dziubinski, M., Goyal, S. Clubs and Networks, CWPE2175

Calzolari, G., Felli, L., Koenen, J., Spagnolo, G. and Stahl, K. O. Relational Contracts and Trust in a High-Tech Industry, CWPE2154

Ritz, R. Global Carbon Price Asymmetry, CWPE2145

Auld, C. and Toxvaerd, F.M.O. The Great COVID-19 Vaccine Rollout: Behavioral and Policy Responses, CWPE2136

Toxvaerd, F.M.O. Contacts, Altruism and Competing Externalities, CWPE2135

Carmona, G. and Sabourian, H. Approachability with Discounting, CWPE2124

Elliott, M., Galeotti., A., Koh., A, and Li, W. Market Segmentation Through Information, CWPE2105

Juang, W-T. and Sabourian, H. Rules and Mutation - A Theory of How Efficiency and Rawlsian Egalitarianism/Symmetry May Emerge, CWPE2101

Perino, G., Ritz, R., van Benthem, A. Overlapping Climate Policies, CWPE20111

Gallo, E. and Langtry, A. Social networks, confirmation bias and shock elections, CWPE2099

Ritz, R. Climate targets, executive compensation, and corporate strategy, CWPE2098

Makris, M. and Toxvaerd, F.M.O. Great Expectations: Social Distancing in Anticipation of Pharmaceutical Innovations, CWPE2097

Mehling, M., and Ritz, R. Going beyond default intensities in an EU carbon border adjustment mechanism, CWPE2087

Toxvaerd, F.M.O. and Rowthorn, R. On the Management of Population Immunity, CWPE2080

Ambrus, A. and Elliott, M. Investments in Social Ties, Risk Sharing and Inequality, CWPE2071

Elliott, M. and Talamàs, E. Bargaining Foundations for Price Taking in Matching Markets, CWPE2070

Chen, J., Elliott, M. and Koh, A. Capability Accumulation and Conglomeratization in the Information Age, CWPE2069

Elliott, M., Georg, C-P. and Hazell, J. Systemic Risk-Shifting in Financial Networks, CWPE2068

Choi, S., Goyal, G. and Moisan, F. Large Scale Experiments on Networks: A New Platform with Applications, CWPE2063

De Mel, S., Munshi, K., Reiche, S. and Sabourian, H. Herding in Quality Assessment: An Application to Organ Transplantation, CWPE2052

Evans, S., Mehling, M., Ritz, R. and Sammon, P. Border Carbon Adjustments and Industrial Competitiveness in a European Green Deal, CWPE2036

Ductor, L., Goyal, S., van der Leij, M. and Paez, G. N. On the Influence of Top Journals, CWPE2029

Elliott, M., Golub, B. and Leduc, M. V. Supply Network Formation and Fragility, CWPE2028

Rowthorn, R. and Toxvaerd, F.M.O. The Optimal Control of Infectious Diseases via Prevention and Treatment, CWPE2027

Toxvaerd, F.M.O. Equilibrium Social Distancing, CWPE2021

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

Ritz, R. Does competition increase pass-through?, CWPE1974

Holmberg, P., Ritz, R. Capacity mechanisms and the technology mix in competitive electricity markets, CWPE1960

Cardoso, F. M., Gracia-Lázaro, C., Moisan, F., Goyal, S., Sánchez, A. and Moreno, Y. Trading in Complex Networks, CWPE1953

Choi, S., Goyal, S. and Moisan, F. Connectors and Influencers, CWPE1935

Perino, G., Ritz, R., Van Benthem, A. Understanding overlapping policies: Internal carbon leakage and the punctured waterbed, CWPE1920

Teirilä, J., Ritz, R. Strategic behaviour in a capacity market? The new Irish electricity market design, CWPE1863

Grey, F., Ritz, R. Pass-through, profits and the political economy of regulation, CWPE1859

Ductor, L, Goyal, S. and Prummer, A. Gender & Collaboration, CWPE1820

Elliott, M. and Golub, B. A Network Approach to Public Goods, CWPE1813

Goyal, S. Heterogeneity and Networks, CWPE1812

Galeotti, A., Golub, B. and Goyal, S. Targeting Interventions in Networks, CWPE1744

Agranov, M. and Elliott, M. Commitment and (In)Efficiency: A Bargaining Experiment, CWPE1743

Elliott, M. and Nava, F. Decentralized Bargaining in Matching Markets: Efficient Stationary Equilibria and the Core, CWPE1742

Dasgupta, A. and Dasgupta, P. Socially Embedded Preferences, Environmental Externalities, and Reproductive Rights, CWPE1724

Goyal, S., Hernández, P., Martínez-Cánovasz, G., Moisan, F., Muñoz-Herrera, M. and Sánchez, A. Integration and Diversity, CWPE1721

Dziubinski, M., Goyal, S. and Minarsch, D. E. N. The Strategy of Conquest, CWPE1704

Ritz, Robert A. Oligopolistic competition and welfare, CWPE1680

Dasgupta, P. Birth and Death, CWPE1660

Dasgupta, P. and Goyal, S. Narrow Identities, CWPE1653

Goyal, S. Networks and Markets, CWPE1652

Behar, A. and Ritz, R. OPEC vs US shale oil: Analyzing the shift to a market-share strategy, CWPE1623

Safronov, M. A Coasian Approach to Efficient Mechanism Design, CWPE1619

Galeotti, A., Ghiglinoy , C. and Goyal, S. Financial Linkages, Portfolio Choice and Systemic Risk, CWPE1612

Ritz, R. Strategic investment, multimarket interaction and competitive advantage: An application to the natural gas industry, CWPE1603

Goyal, S., Rosenkranz, S., Weitze, U. and Buskens, V. Information Acquisition and Exchange in Social Networks, CWPE1566

Dziubinski, M., Goyal, S. and Vigier, A. Conflict and Networks, CWPE1565

Choi, S., Gallo, E. and Kariv, S. Networks in the laboratory, CWPE1551

Gagnon, J. and Goyal, S. Social Structure, Markets and Inequality, CWPE1549

Goyal, S. Networks in Economics: A Perspective on the Literature, CWPE1548

Cerdeiro, D., Dziubinski, M. and Goyal, S. Contagion Risk and Network Design, CWPE1547

Gallo, E. and Yan, C. Efficiency and equilibrium in network games: An experiment, CWPE1546

Ritz, R. The Simple Economics of Asymmetric Cost Pass-Through, CWPE1515

Ritz, R. A. Strategic investment and international spillovers in natural gas markets, CWPE1510

Dessi, R., Gallo, E. and Goyal, S. Network Cognition, CWPE1462

Goyal, S. and Vigier, A. Interaction, Protection and Epidemics, CWPE1458

Cho, S., Galeotti, A. and Goyal, S. Trading in Networks: Theory and Experiments, CWPE1457

Goyal, S. and Vigier, A. Attack, Defense and Contagion in Networks, CWPE1451

Dziubinski, M. and Goyal, S. How to Defend a Network?, CWPE1450

Gallo, E. Communication networks in markets, CWPE1431

Ritz, R. A. and Walther, A. How do banks respond to increased funding uncertainty?, CWPE1414

Hahn, R. and Ritz, R. Optimal Altruism in Public Good Provision, CWPE1403

Dasgupta, P. The Nature of Economic Development and the Economic Development of Nature, CWPE1349

Hahn, R. and Ritz, R. Does the social Cost of Carbon Matter?: An Assessment of U.S. Policy, CWPE1346

Ritz, R. Price Discrimination and Limits to Arbitrage in Global LNG Markets, CWPE1340

Ritz, R. A. On welfare losses due to imperfect competition, CWPE1334

Erdil, A. Strategy-Proof Stochastic Assignment, CWPE1333

Evans, R. A. and Reiche, S. K. Mechanism Design and Non-Cooperative Renegotiation, CWPE1331

Hepburn, C. J., Quah, J.-H. and Ritz, R. A. Emissions Trading with Profit-Neutral Permit Allocations, CWPE1235

Ritz, R. A. How do banks respond to increased funding uncertainty?, CWPE1213

Chapter in Book
Goyal, S. Heterogeneity and networks, (2018), forthcoming in Handbook of Computational Econmics. - ElsevierErdil, 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, IndiaGoyal, 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
