Markets and regulations set the rules for how firms interact with consumers in virtually all sectors of the economy. Are markets performing as expected? How could their design be improved? What happens to markets in the presence of disruptive technologies, or business models, or regulations?

To address these issues, our researchers have gained detailed knowledge of key industries that they can analyze in detail. Theoretical models can help us understand how market rules and regulations are impacting important metrics of market performance, such as prices, competition, or quality. These theoretical models can also bring insights on ways in which such markets could be improved. Empirical tools can be developed to test these theoretical predictions and quantitatively explore the impact of alternative rules.

Key areas covered are:-

  • IO Theory: game theory, incentive theory, dynamic models, political economy
  • Competition, merger policy, anti-trust
  • The Economics of Regulation
  • Market Design and Auctions
  • Network Industries: competition and regulation
  • Dynamics of Industry: evolution, entry and exit
  • Information Externalities, Coordination Problems, Investment and R&D
  • The Interface between IO and Finance: market structure and financial structure

Programme Directors

Pierre Dubois

Senior Member Institut Universitaire de France; Professor of Economics, Toulouse School of Economics Toulouse School Of Economics

Research Fellows

Daron Acemoglu

Institute Professor in the Department of Economics Massachusetts Institute of Technology (MIT)

José Azar

Visiting Professor, IESE Business School; Assistant professor of Economics University of Navarra

Heski Bar-Isaac

Distinguished Professor of Economics and Finance University Of Toronto

Panle Barwick

​The Todd E. and Elizabeth H. Warnock Distinguished Chair Professor University of Wisconsin – Madison

Özlem Bedre Defolie

Professor (Joint Chair) in the Department of Economics and the Robert Schuman Centre for Advanced Studies European University Institute; Affiliated Associate Professor University Of Bergen

Dirk Bergemann

Douglass and Marion Campbell Professor of Economics Yale University

Alessandro Bonatti

John Norris Maguire (1960) Professor of Applied Economics Massachusetts Institute of Technology (MIT)

Jan Boone

Professor of Industrial Economics Tilburg University

Luis Cabral

Paganelli-Bull Professor of Economics and International Business New York University

Julia Cage

Professor in the Department of Economics Sciences Po Paris

Emilio Calvano

Associate Faculty Toulouse School Of Economics; Professor of Economics University of Rome "Tor Vergata"

Jeffrey Campbell

Consultant Federal Reserve Bank Of Chicago; Professor of Macroeconometrics Tilburg University; Francis D. Rasmus and Jerome A. Castellini Professor of Economics University Of Notre Dame

Estelle Cantillon

FNRS Research Director and Professor of Economics ECARES, Université Libre De Bruxelles

Philippe Choné

Professor of Economics Center for Research in Economics and Statistics

Gregory Crawford

Professor of Economics University Of Zurich

Fellow, Industrial Organization / RPN Vice Chair of Steering Comittee, Competition Policy / RPN Member, Media Plurality

Aureo de Paula

Faculty Member Sao Paulo School of Economics; Professor University College London

Mathias Dewatripont

Co-Director of I3h Institute and ECARES (Solvay Brussels School); Professor of Economics and Researcher Université Libre De Bruxelles

Ulrich Doraszelski

Joseph J. Aresty Professor and Professor of Business Economics and Public Policy University Of Pennsylvania

Pierre Dubois

Senior Member Institut Universitaire de France; Professor of Economics, Toulouse School of Economics Toulouse School Of Economics

Tomaso Duso

Head of the department Firms and Markets Deutsches Institut Für Wirtschaftsforschung (DIW Berlin); Professor of Empirical Industrial Economics Technical University Of Berlin

Florian Ederer

Allen and Kelli Questrom Professor in Markets, Public Policy and Law Boston University; Research Member European Corporate Governance Institute

Alon Eizenberg

Associate Professor of Economics Hebrew University Of Jerusalem

Rosa Ferrer

Affiliated Professor Barcelona School Of Economics; Associate Professor, Department of Economics and Business Pompeu Fabra University

Richard Friberg

Jacob Wallenberg Professor of Economics Stockholm School Of Economics

William Fuchs

Distinguished Researcher Universidad Carlos Iii De Madrid; Professor and Spurgeon Bell Centennial Fellow University Of Texas At Austin

Neil Gandal

The Henry Kaufman Chair Professor in International Capital Markets and Full Professor at the Berglas School of Economics Tel Aviv University

Juanita González-Uribe

Associate Professor in Finance Assistant Professor London School Of Economics And Political Science

Gautam Gowrisankaran

Professor of Economics (with tenure) in the Department of Economics Columbia University

Kathryn Graddy

Dean, Brandeis International Business School and the Fred and Rita Richman Distinguished Professor of Economics Brandeis University

Rachel Griffith

Research Director Institute for Fiscal Studies (IFS); Professor, Department of Economics University Of Manchester

Paul Grout

Professor of Political Economy University Of Bristol

Jordi Gual

Chairman Caixa Bank; Professor of Economics IESE Business School, Barcelona

Dietmar Harhoff

Director at the Research Center for Entrepreneurship and Innovation and Honorary Professor Ludwig-Maximilians University of Munich (LMU); Managing Director Max Planck Institute For Innovation And Competition

Paul Heidhues

Professor of Behavioral and Competition Economics Heinrich-Heine-University Düsseldorf

Emeric Henry

Professor of Economics Sciences Po Paris

Fellow, Industrial Organization / Fellow, Organizational Economics / RPN Member, Media Plurality

Kate Ho

John L. Weinberg Professor of Economics and Business Policy Princeton University

Henrik Horn

Senior Research Fellow Research Institute of Industrial Economics (IFN)

Roman Inderst

Professor of Finance and Economics Goethe University Frankfurt

Marc Ivaldi

Research Director School for Advanced Studies in the Social Sciences (EHESS); Professor of Economics and Research Faculty Toulouse School Of Economics

Emir Kamenica

Professor of Economics at the Booth School of Business University Of Chicago

Heiko Karle

Associate Professor of Microeconomics Frankfurt School Of Finance & Management

Michael Koenig

Research Fellow Tinbergen Institute; Associate Professor in the Department of Spatial Economics Vrije Universiteit Amsterdam

Fellow, Industrial Organization / RPN Member, Preventing Conflict: Policies for Peace

Margaret Kyle

Professor of Economics and Chair in Markets for Technology and Intellectual Property Mines ParisTech

Saul Lach

Full Professor at the Department of Economics Hebrew University Of Jerusalem

Francine Lafontaine

William Davidson Professor of Business Economics and Public Policy University of Michigan, Ann Arbor

Laurent Lamy

Research Fellow Cired; Ingénieur des Ponts et Chaussées, Research Fellow École des Ponts ParisTech

Gerard Llobet

Tenured Associate Professor Center for Monetary and Financial Studies (CEMFI)

Rocco Macchiavello

Professor of Managerial Economics & Strategy London School Of Economics And Political Science

David Martimort

Research Director at Ecole des Hautes Etudes en Sciences Sociales Paris School of Economics (PSE)

Leslie Martin

Associate Professor in the Department of Economics University Of Melbourne

Ralf Martin

Professor of Economics Imperial College London; Economist in the Climate Change and Sustainability Research Programme International Finance Corporation

Eugenio Miravete

Rex G. Baker Jr., Professor of Political Economy University Of Texas At Austin

Ameet Morjaria

Associate Professor of Managerial Economics & Decision Sciences Kellogg School Of Management, Northwestern University

Massimo Motta

Research Professor Barcelona School Of Economics; Research Professor at ICREA Pompeu Fabra University

Damien Neven

Professor of International Economics Geneva Graduate Institute (IHEID)

David Newbery

Emeritus Professor and Director of The Energy Policy Research Group University Of Cambridge

Nina Pavcnik

Professor of Economics and Niehaus Family Professor of International Studies Tuck School Of Business At Dartmouth College

Martin Peitz

Director Mannheim Centre For Competition And Innovation (MaCCI); Professor of Economics University Of Mannheim

Fellow, Industrial Organization / Fellow, Organizational Economics / RPN Member, Competition Policy

Jerome Pouyet

Associate professor Essec Business School; CNRS researcher, THEMA

Andrea Pozzi

Associate professor Einaudi Institute for Economics and Finance (EIEF)

Andrea Prat

Richard Paul Richman Professor of Business and Professor of Economics Columbia University

Fellow, Industrial Organization / Fellow, Organizational Economics / Fellow, Political Economy / RPN Member, Media Plurality

Mar Reguant

Research Fellow Barcelona School Of Economics; Professor Northwestern University

Markus Reisinger

Professor for Industrial Organization and Microeconomics Frankfurt School Of Finance & Management

Patrick Rey

Professor of Economics Toulouse School Of Economics

Jean Charles Rochet

Research Director at Institut D’Économie Industrielle Toulouse 1 Capitole University; Professor of Economics Toulouse School Of Economics

Thomas Rønde

Professor of Innovation and Entrepreneurship Copenhagen Business School

Mark Schankerman

Professor of Economics London School Of Economics And Political Science

Pasquale Schiraldi

Lecturer in the Department of Economics London School Of Economics And Political Science

Fabiano Schivardi

Research fellow Einaudi Institute for Economics and Finance (EIEF); Professor of Economics Luiss Guido Carli Free International University for Social Studies

Martin Schmalz

Head of the Finance, Accounting, Management Science, and Economics Area at the Saïd Business School and Professor University Of Oxford

Monika Schnitzer

Full Professor in the Department of Economics Ludwig-Maximilians University of Munich (LMU)

Katja Seim

Sharon Oster Professor of Economics and Management Yale University

Sandro Shelegia

Affiliated Professor Barcelona School Of Economics; Associate Professor at the Department of Economics and Business Pompeu Fabra University

Georges Siotis

Associate Professor, Department of Economics Universidad Carlos Iii De Madrid

Yossi Spiegel

Full Professor at the faculty of Management Tel Aviv University

Ran Spiegler

Professor of Economics Tel Aviv University; Professor of Economics University College London

Frode Steen

Professor in Economics and Holder of Norgesgruppen’s Chair in Competition Economics on Food Markets Norwegian School Of Economics (nhh)

Andrew Sweeting

Professor and the Chair of the Department of Economics University Of Maryland

Steve Tadelis

Professor of Economics, Business and Public Policy University Of California, Berkeley

Catherine Thomas

Associate Professor of Managerial Economics London School Of Economics And Political Science

Otto Toivanen

Professor Aalto University School of Business; Academic Director Helsinki Graduate School Of Economics

Manuel Trajtenberg

Research Associate National Bureau Of Economic Research (NBER); Professor Emeritus of Economics Tel Aviv University

Tommaso Valletti

Professor of Economics Imperial College London Business School; Professor of Economics University of Rome "Tor Vergata"

Reinhilde Veugelers

Senior Fellow Bruegel; Professor of Managerial Economics, Strategy and Innovation Ku Leuven; Senior Fellow Peterson Institute for International Economics (PIIE)

Xavier Vives

Professor of Economics and Finance, Abertis Chair of Regulation, Competition and Public Policy and Academic Director of the Public-Private Sector Research Center IESE Business School, Barcelona

Fellow, Industrial Organization / Fellow, Organizational Economics / RPN Member, European Financial Architecture / Fellow, Asset Pricing / Fellow, Banking and Corporate Finance

Lucy White

Associate Professor of Finance, Questrom School of Business Boston University

Luigi Zingales

Robert C. McCormack Professor of Entrepreneurship and Finance and George G. Rinder Faculty Fellow University Of Chicago

Fellow, Industrial Organization / Fellow, Organizational Economics / RPN Member, Media Plurality / Fellow, Banking and Corporate Finance / Fellow, Asset Pricing

Research Affiliates

Matthew Backus

Assistant Professor at the Haas School of Business and Department of Economics University Of California, Berkeley

Julien Combe

Assistant Professor (tenure track) Center for Research in Economics and Statistics

Daniel Ershov

Assistant Professor at the UCL School of Management University College London; Associate Researcher University of Toulouse

Ying Fan

Associate Professor (with Tenure) in the Department of Economics University of Michigan, Ann Arbor

Daniel Fershtman

Assistant Professor Emory University; Assistant Professor in The Eitan Berglas School of Economics Tel-Aviv University

Sebastian Fleitas

Associate Professor in the Department of Economics Pontifical Catholic University of Chile

Basile Grassi

Assistant Professor Bocconi University; Affiliate Bocconi University, IGIER

Sven Heim

Associate Professor Leibniz Centre for European Economic Research (ZEW); Associate Professor Mines ParisTech

Laura Lasio

Scientific officer - Digital Economy Unit European Commission Joint Research Centre

Igor Letina

Vice President of the Swiss Competition Commission, Associate Professor University Of Bern

Glenn Magerman

Associate Professor of Economics ECARES, Université Libre De Bruxelles

Simon Martin

Post-Doctoral Researcher Düsseldorf Institute for Competition Economics (DICE), Heinrich-Heine-University Düsseldorf

Eeva Mauring

Associate Professor in the Department of Economics University Of Bergen; Research Affiliate University Of Vienna

Martin O'Connell

Research Fellow Institute for Fiscal Studies (IFS); Assistant Professor University of Wisconsin – Madison

Helena Perrone

Assistant Professor at the Department of Economics University Of Mannheim

Huan Tang

Research Associate, Financial Markets Group London School Of Economics And Political Science; Assistant Professor of Finance The Wharton School of the University of Pennsylvania

Tuba Tunçel

Assistant Professor of Economics Florida State University

Biliana Yontcheva

Assistant Professor of Industrial Economics and Competition Policy Düsseldorf Institute for Competition Economics (DICE), Heinrich-Heine-University Düsseldorf

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12 December