Microeconomics & Mathematical Economics
Staff and Students in the Microeconomics/Mathematical Economics (MME) Research Area Group (RAG) support and implement the Economics Department’s research and teaching strategy through high quality publications in top international journals and research-lead teaching in economic theory and applied microeconomic theory.
Our research interests include choice under risk/uncertainty and applications of ambiguity preferences, behavioural and experimental economics, industrial organization, public economics, political economy, risk and insurance economics, game theory and applications, mathematical finance (in particular, evolutionary finance), random dynamical systems in economics and finance, and stochastic models of economic equilibrium. Some research is at the boundary between economics and other disciplines, including mathematics, management science, poverty measurement and modern political economy.
Over the years we have contributed with publications in major economic journals including: American Economic Review, Economic Journal, Economics Letters, Economic Theory, European Economic Review, Decisions in Economics and Finance, Games and Economic Behavior, Journal of Economic Behavior and Organization, Journal of Economic Dynamics and Control, Journal of Economic Theory, Journal of Mathematical Economics, Journal of Political Economy, Journal of Public Economics, Journal of Public Economic Theory, Journal of Risk and Insurance, Journal of Risk and Uncertainty, Labour Economics, Management Science, Public Choice, Social Choice and Welfare, Theoretical Economics.
Editorial Duties: Economic Theory (Editor: Nicholas Yannelis; Associate Editor: Igor Evstigneev), Management Science (Co-editor: Henry Chiu), Journal of Risk and Uncertainty (Advising Editor: Horst Zank), Theory and Decision (Coordinating Editor: Horst Zank).
Nicholas Yannelis and Igor Evstigneev are on the Advisory Board of the Society for the Advancement of Economic Theory bulletin.
Regular presentations of our work and that of colleagues from other institutions take place in our Weekly Seminar Series.
Research Area Leaders 2011/12
- Horst Zank and Nicholas Yannelis (Research and Strategy)
- Leonidas Koutsougeras and Carlo Reggiani (Teaching and Operations)
MME-Members and their Research Interests
Professors
- Igor Evstigneev (Mathematical Economics and Finance, Behavioural and Evolutionary Finance, Economic Theory, Random Dynamical Systems, Stochastic Optimization and Games),
- Roger Hartley (Economic Theory, Game Theory, Aggregative Games, Individual Decision-making under Risk),
- Paul Madden (Public and Welfare Economics, Economics of Crime and Corruption, Imperfect Competition, Oligopsony/Oligopoly Models, Industrial Organisation, Economics of Professional Sport),
- Nicholas Yannelis (General Equilibrium Analysis, Economic Theory, Asymmetric Information and Ambiguity Preferences),
- Horst Zank (Foundations for Risk and Time Preferences, Ambiguity Modelling, Behavioural Economics, Experimental Economics, Game Theory, Welfare and Poverty Measurement).
Senior Lecturers/Readers
- Henry Chiu (Foundations of Risk Preferences and Applications, Economic Growth & Economics of Crime),
- Leonidas Koutsougeras (Economic Theory, General Equilibrium, Financial Economics, Asymmetric Information, Imperfect Competition)
- Terry Peach (History of Economic Thought, History of Chinese Economic Thought)
- David Young (Industrial Economics).
Lecturers
- Stefania Borla (Industrial Organization, Microeconomic Theory, Applied General Equilibrium Analysis)
- Indranil Dutta (Development Economics, Poverty Measurement, Welfare and Deprivation, Corruption and Conflict, Political Economy)
- Michal Krol (Microeconomics, Game Theory, (Behavioural) Industrial Organization, Experimentalv Economics)
- Mario Pezzino (Applied Microeconomic Theory, Industrial Organization)
- Carlo Reggiani (Industrial Organization, Competition Policy, Microeconomics)
- Alejandro Saporiti (Microeconomic Theory, Political Economy, Social Choice)
- Craig Webb (Preference Foundations, Ambiguity Preferences and Applications, Time Preferences, Game Theory).
Current PhD-Students
- Angelos Angelopoulos (General Equilibrium Theory)
- Jinrui Pan (Risk and Time Preferences)
- Laurence Roope (Poverty Measurement)
- Katarzyna Werner (Non-expected Utility and Insurance Markets)
- Mikhail Zhitlukhin (Asset Pricing in the Presence of Transaction Costs and Trading Constraints)
Past PhD-students
- Michal Krol (Spatial Competition/Ambiguity; 2011): Now Lecturer at the University of Manchester.
- Robert Routledge (Oligopoly Theory and Imperfect Competition Regarding the Formation of Price-setting Contracts; 2011): Now Lecturer at the University of Liverpool.
- Michael King (A Rationale for Tying Merchants' Membership of Platforms Saving Independent Markets; 2011): Now working as Consultant.
- Nobantu Mbeki (Kaleckian theory of the firm and radical uncertainty; 2009).
- Craig Webb (Essays on Choice Under Risk and Uncertainty; 2009): Now Lecturer at the University of Manchester.
- Mario Pezzino (Horizontal and Vertical Product Differentiation; Market Equilibrium, Welfare and Quality; 2008): Now working as Lecturer at the University of Manchester.
- Simon Rudkin (The impact of supermarkets on prices, consumer behaviour and welfare: theoretical and empirical issues; 2008) Now Lecturer at Xi'an Jiaotong Liverpool University, China.
- Xin Liu (Essays on Cross-border Tax Competition and Cournot Intermediation; 2007) Now Lecturer at Chongqing University, China.
- Nicholas Ziros (Cournot - Edgeworth Equivalence, the Welfare Theorems and Related Issues in Imperfectly Competitive Economies; 2007): Now Lecturer at the University of Cyprus.
- Peter Brooks (Choice Behaviour under Risk; 2006): Now working for Barclays Wealth, Singapore.
- Zhengli Gu (Economic Models of Predation and Crime: Inequality and Prevention; 2006) Now working for the China Continent Property and Casualty Insurance Co, China.