Our primary faculty research groups are focused in our five core areas: applied microeconomics, econometrics, economic theory, finance, and macroeconomics. Our joint faculty includes experts from the Carey Business School and the School of Advanced International Studies.
Economic Theory Group
Coverage includes: behavioral economics, decision theory, game theory, industrial organization, information economics, market design, mathematical economics, political economy and revealed preference analysis.
- Faculty: Ying Chen, Brendan Daley, Marcelo Ariel Fernandez, Edi Karni, M. Ali Khan.
- Jointly Appointed Faculty: Itay Fainmesser (Carey Business School), and Shubhranshu Singh (Carey Business School)
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The Distribution of Wealth and the Marginal Propensity to Consume
In a model calibrated to match micro- and macroeconomic evidence on household income dynamics, we show that a modest degree of heterogeneity in household preferences or beliefs is sufficient to […]
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Hybrid Decision Model and the Ranking of Experiments
Departing from the reduction of compound lotteries axiom on multi-stage lotteries, this paper proposes a new hybrid model to analyze decision trees. Applied to multi-stage decision trees induced by experiments, […]
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Comparative Incompleteness: Measurement, Behavioral Manifestations and Elicitation
This paper introduces measures of overall incompleteness of preference relations under risk and uncertainty, as well as measures of incompleteness of beliefs and tastes. These measures are used to define […]
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Due Diligence
We propose a model of due diligence and analyze its effect on prices, payoffs, and deal completion. In our model, if the seller accepts an offer, the winning bidder (or […]
