Microeconomic Theory

Overview

The research conducted by members of this group spans several areas of economic theory. One stream focuses on voting rules and how they affect the aggregation of information in elections. Another area of expertise involves behavioural and experimental economics with an emphasis on bounded rationality and its implications in a range of economic problems such as saving for retirement, the contribution to public goods, the regulation of media outlets or investing into risky assets.

Several members share an interest in various aspects of game theory (e.g., game theoretic approaches to understand how institutions shape individuals and strategies in political parties, game-theoretical agency models applied to voting behaviour, auctions). Finally, various projects focus on decision making under risk and ambiguity (e.g. dynamic choice under ambiguity, formation and updating of subjective beliefs, strategic interaction under ambiguity and their application to public policy).

Members of the group have published in leading economic journals American Economic Review, Econometrica, Journal of Political Economy, Review of Economic Studies, Economic Journal, Journal of European Economic Association, Theoretical Economics, Journal of Economic Theory, Games and Economic Behaviour, Journal of Public Economics. Members of the group are also editors at Econometrica, Review of Economic Studies, Games and Economic Behaviour, among others.  They have also organized conferences and workshops on topics related to dynamic games, uncertainty, network theory, bargaining.

The group would particularly welcome applications from well-qualified candidates interested in pursuing PhD study in any of areas of microeconomics.

Visit our Faculty and Publications for further details.

Team

Publications

2020

• Altug S., Collard F., Çakmakli C., Mukerji S., Özsöylev H. Ambiguous Business Cycles: A Quantitative Assessment, Review of Economic Dynamics (2020)
• Cubitt R., Mukerji S., Van de Kuilen G. Discriminating between models of ambiguity attitude: A Qualitative Test , Journal of European Economic Association (2020)
• Dardanoni V., Manzini P., Mariotti M., Tyson C. Inferring cognitive heterogeneity from aggregate choices, Econometrica (2020)
• Daskalova V., Vriend NJ. Categorization and Coordination, European Economic Review (2020)
• Hanany E., Klibanoff P., Mukerji S. Incomplete Information Games with Ambiguity Averse Players, American Economic Journal: Microeconomics (2020)
• Lindenlaub I., Prummer A. Network structure and performance, Economic Journal (2020)
• Lipnowski E., Ramos J. Repeated Delegation, Journal of Economic Theory (2020)
• Prummer A. Micro-targeting and polarization, Journal of Public Economics (2020)

2019

• Fehr D., Heinemann F., Llorente-Saguer A. The Power of Sunspots: An Experimental Analysis, Journal of Monetary Economics (2019)
• Galanis G., Yoshihara N., Veneziani R. The dynamics of inequalities and unequal exchange of labor in intertemporal linear economies, Journal of Economic Dynamics and Control (2019)

2018

• Bouton L., Llorente-Saguer A., Malherbe F. Get Rid of Unanimity: The Superiority of Majority Rules with Veto Power, Journal of Political Economy (2018)
• Collard F., Mukerji S., Sheppard K., JM Tallon. Ambiguity and the Historical Equity Premium, Quantitative Economics (2018)
• Eguia J., Llorente-Saguer A., Morton R., Nicolo A. Equilibrium Selection in Sequential Games with Imperfect Information, Games and Economic Behaviour (2018)
• Manzini P., Mariotti M. Competing for Attention: Is the Showiest also the Best?, Economic Journal (2018)
• Manzini P., Mariotti M. Dual Random Utility Maximisation, Journal of Economic Theory (2018)
• Manzini P., Mariotti M., Ulku L. Stochastic Complementarity, The Economic Journal (2018)
• Marriotti M., Veneziani R. Opportunities as chances: Maximising the probability that everybody succeeds, Economic Journal (2018)
• Panebianco F., Prummer A., Siedlarek JP Convergence of Cultural Traits with Time-Varying Self-Confidence in the Panebianco (2014) Model - A Corrigendum, Journal of Economic Theory (2018)
• Tyson C. Rationalizability of menu preferences, Economic Theory (2018)

2017

• Bouton L., Castanheira M., Llorente-Saguer A. Multicandidate Elections: Aggregate Uncertainty in the Laboratory, Games and Economic Behavior (2017)
• Bouton L., Llorente-Saguer A., Marlherbe F. Unanimous rules in the laboratory, Games and Economic Behavior (2017)
• Charpe M., Flaschel P., Galanis G., Proaño CR., Veneziani R. Macroeconomic and Stock Market Interactions with Endogenous Aggregate Sentiment Dynamics, Journal of Economic Dynamics and Control (2017)
• Condorelli D., Galeotti A., Renou L. Bilateral Trading in Networks, Review of Economic Studies (2017)
• Jewitt I., Mukerji S. Ordering ambiguous acts, Journal of Economic Theory (2017)
• Llorenete-Saguer A., Zultan R. Collusion and information revelation in auctions, European Economic Review (2017)
• Mezzetti C., Renou L. Repeated Nash Implementation, Theoretical Economics (2017)
• Prummer A., Siedlarek JP. Community Leaders & the Preservation of Cultural Traits, Journal of Economic Theory (2017)

2016

• Bouton, L., Castanheira, M., Llorente-Saguer A. Divided Majority and Information Aggregation: Theory and Experiment, Journal of Public Economics (2016)
• Levin D., Peck J. Ivanov A. Separating Bayesian Updating from Non-Probabilistic Reasoning: An Experimental Investigation, American Economic Journal: Microeconomics (2016)
• Lombardi M., Miyagishima K., Veneziani R. Liberal Egalitarianism and the Harm Principle, Economic Journal (2016)

2015

• Atakan A., Ekmekci M. Reputation in the Long-run with Imperfect Monitoring, Journal of Economic Theory (2015)
• Renou L., Tomala T. Approximate Implementation in Markovian Environments, Journal of Economic Theory (2015)

2014

• Atakan A., Ekmekci M. Bargaining and Reputation in Search Markets, Review of Economic Studies (2014)
• Atakan A., Ekmekci M. Auctions, Actions, and the Failure of Information Aggregation, American Economic Review (2014)
• Bose S., Renou L. Mechanism Design with Ambiguous Communication Devices, Econometrica (2014)
• Drouvelis M., Saporiti A., Vriend NJ. Political Motivations And Electoral Competition: Equilibrium Analysis And Experimental Evidence, Games and Economic Behavior (2014)
• Klibanoff P., Mukerji S., Seo K. Perceived Ambiguity and Relevant Measures, Econometrica (2014)
• Manzini P., Mariotti M. Stochastic Choice and Consideration Sets, Econometrica (2014)
• Renou L., Schlag KH. Ordients: Optimization and Comparative Statics Without Utility Functions, Journal of Economic Theory (2014)
• Tomala T., Renault J., Renou L. Secure Message Transmission on Directed Networks, Games and Economic Behavior (2014)

2013

• Atakan A., Ekmekci M. A Two-sided Reputation Result with Long-run Players, Journal of Economic Theory (2013)
• Manzini P., Mariotti M., Tyson C. Two-Stage Threshold Representations, Theoretical Economics (2013)
• Mariotti M., Veneziani R. On The Impossibility Of Complete Non-Interference In Paretian Social Judgements, Journal of Economic Theory (2013)

2012

• Casella A., Llorente-Saguer A., Palfrey TR. Competitive Equilibrium In Markets For Votes, Journal of the Political Economy (2012)
• Klibanoff P., Marinacci M., Mukerji S. On the Smooth Ambiguity Model: A Reply, Econometrica (2012)
• Mariotti M., Mandler M., Manzini P. One Million Answers to twenty Questions: Choosing by checklists, Journal of Economic Theory (2012)
• Mariotti M., Manzini P. Categorize Then Choose: Boundedly Rational Choice and Welfare, Journal of European Economic Association (2012)
• Mariotti M., Manzini P. Choice by Lexicographic Semiorders, Theoretical Economics (2012)
• Mezzetti C., Renou L. Mixed Nash Implementation, Journal of Economic Theory (2012)
• Renou L., Tomala T. Mechanism design and communication networks, Theoretical Economics (2012)

2011

• Ivanov A Attitudes To Ambiguity In One-Shot Normal-Form Games: An Experimental Study, Games and Economic Behavior (2011)
• Klibanoff P., Marinacci M., Mukerji S. Definitions of Ambiguous Events and the Smooth Ambiguity Model, Economic Theory (2011)
• Renou L., Schlag KH. Minimax regret implementation, Games and Economic Behavior (2011)

2010

• Hortala-Vallve R., Llorente-Saguer A. A Simple Mechanism for Resolving Conflict, Games and Economic Behavior (2010)
• Ivanov A., Levin D., Niederle M. Can Relaxation Of Beliefs Rationalize The Winner'S Curse?: An Experimental Study, Econometrica (2010)
• Tyson C. Dominance solvability of dynamic bargaining games, Economic Theory (2010)

Events

Seminars

View past seminars