Industrial Organization

Research in the Industrial Organization (IO) programme covers: 

  • IO Theory: game theory, incentive theory, dynamic models, political economy

  • Network Industries: competition and regulation

  • Dynamics of Industry: evolution, entry and exit

  • Market Design and Auctions

  • Corporate Governance

  • Information Externalities, Coordination Problems, Investment and R&D

  • Vertical Relations and Foreclosure

  • Political Economy of Regulation and Competition Policy, and Institutional Design

  • Empirical Analysis of Industries with Market Power

  • Competition Policy, Mergers and Acquisitions

  • The Interface between IO and Finance: market structure and financial structure

The Industrial Organization Programme is directed by:


The Programme organizes three annual symposia:


The Applied IO conference series aims to contribute to an analytical understanding of the issues raised by competition, innovation and investment, develop empirical protocols and tests of economic models, promote the exchange and the dissemination of results at the forefront of research, and finally, evaluate current competition and regulation policies. It covers the state of the art in applied and empirical industrial organization. 

Recent meetings include:

The European Summer Symposium in Economic Theory (ESSET) is one of the key annual events for economic theorists. It has been held at the Studienzentrum Gerzensee, Switzerland, each July since 1992. The meeting is organised by the Studienzentrum Gerzensee (a foundation of the Swiss National Bank) with CEPR. It runs for two weeks, in the form of a large-scale workshop with sub-workshops. ESSET is a very prominent event in the economic theory community. Each of the two weeks is centred on a one-day workshop that focuses on a particular topic, which changes every year. At least two leading theorists are invited to organise a total of two workshops (focus sessions) that represent the background themes for that year's conference. The topics are chosen by the organisers so as to focus the presentations and discussion at the conference on topics that represent the frontier of current research in economic theory. The remaining days are characterised by a seminar presentation in the morning and one in the afternoon. This structure of the conference fosters joint work, collaboration and discussion among conference participants during the week, exploiting the outstanding facilities of the Centre. In selecting the academics invited to the conference and the papers presented, the organisers give priority to high quality papers submitted by young European economists.

Recent meetings include:

Since 2017, the Joint IMO/ENT Workshop brings together researchers from the annual workshop on "Incentives, Management and Organization" and the annual "Economics of Entrepreneurship" workshop. The joint workshop includes joint plenary sessions as well as separate parallel sessions and keynote speeches in both areas. The next joint workshop will take place at STICERD, LSE on 19-20 September 2019.

The Incentives, Management and Organisation workshop series brings together researchers interested in studying the internal economics of firms and other organisations. It covers areas such as organisational economics, personnel economics, management and productivity, incentives and contracts, bounded rationality, and behavioral economics. 

The Economics of Entrepreneurship Workshop brings together researchers interested in studying entrepreneurship. We welcome submissions related to incentives promoting entrepreneurship, relevant program evaluations, entrepreneurship and institutions, financing entrepreneurship (venture capital/business angels), experimentation and entrepreneurship, job creation and entrepreneurship, entrepreneurship in the theory of the firm, and entrepreneurship from an industrial organisation perspective. 

Scientific Committee for Incentives, Management and Organisation:

Oriana Bandiera, London School of Economics and CEPR 
Morten Bennedsen, INSEAD and CEPR
Guido Friebel, Goethe University, Frankfurt and CEPR 
Maria Guadalupe, INSEAD and CEPR 
Marco Ottaviani, Bocconi University and CEPR 
Andrea Prat, Columbia University, London School of Economics and CEPR

Scientific Committee for Entrepreneurship Economics:

Luigi Guiso, Einadi Institute for Economics and Finance and CEPR
Thomas Hellmann, University of Oxford, Saïd Business School
William Kerr, Harvard Business School
Lars Persson, Research Institute of Industrial Economics and CEPR
Mirjam van Praag, Vrije Universiteit Amsterdam and CEPR 
Fabiano Schivardi, Università Luiss Guido Carli and CEPR
Yossi Spiegel, Recanati Graduate School of Business Administration - Tel Aviv University and CEPR

Recent meetings include:




The IO Programme also supports other stand-alone events, often run by fellows and affiliates in the Programme.

Recent meetings include:

More information on the Industrial Organization Programme: