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 of Institut Universitaire de France; Professor of Economics Toulouse School Of Economics

Researchers

Daron Acemoglu

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

Özlem Bedre Defolie

Fellow Centre for Economic Policy Research; Associate Professor of Economics 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

Julia Cagé

Associate Professor in the Department of Economics Sciences Po Paris University

Emilio Calvano

Associate Professor of Economics, University of Bologna and Associate Faculty Toulouse School Of Economics; Full Professor University of Rome "Tor Vergata"

Giacomo Calzolari

Professor of economics Professor of Economics, EUI Florence Fondazione Bologna University Business School

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

Sofronis Clerides

Professor of Economics and Dean of the Faculty of Economics and Management University Of Cyprus

Pascal Courty

Research Fellow Centre for Economic Policy Research; Professor of Economics University of Victoria

Jan De loecker

Professor Ku Leuven; Assistant Professor of Economics and Public Affairs Princeton University

Aureo de Paula

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

Vincenzo Denicolo

Research Fellow Centre for Economic Policy Research; Professor of Economics University Of Bologna; Professor of Economics University Of Leicester

Mathias Dewatripont

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

Ulrich Doraszelski

Professor The Wharton School, University of Pennsylvania; Wharton School of Management University Of Pennsylvania

Pierre Dubois

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

Tomaso Duso

Head of the department Firms and Markets Deutsches Institut für Wirtschaftsforschung (DIW Berlin); Professor for economics

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 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

Alessandro Gavazza

Research Fellow Centre for Economic Policy Research; Professor of Economics London School Of Economics And Political Science

Kathryn Graddy

Dean, Brandeis International Business School and the Fred and Rita Richman Distinguished Professor of Economics Brandeis University; Research Fellow Centre for Economic Policy Research

Rachel Griffith

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

Jordi Gual

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

Paul Heidhues

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

Kate Ho

Associate Professor of Economics Columbia University

Roman Inderst

Professor of Finance and Economics Goethe University Frankfurt

Marc Ivaldi

Professor of Economics Toulouse School Of Economics; Professor of Economics, Toulouse School of Economics and Ecole des Hautes Etudes en Sciences Sociales University of Toulouse

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; Associate Professor of Microeconomics

Paul Klemperer

Research Fellow Centre for Economic Policy Research; Edgeworth Professor of Economics University Of Oxford

Michael Koenig

Research Associate Research Fellow Tinbergen Institute; Senior Research Associate, Department of Economics University Of Zurich; Associate Professor

Michael König

Senior Research Associate, Department of Economics University Of Zurich

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

Laurent Lamy

Research Fellow CIRED International Conference and Exhibition on Electricity Distribution

Gerard Llobet

Tenured Associate Professor Cemfi; Tenured Associate Professor of Economics Centro de Estudios Monetarios y Financieros

Rocco Macchiavello

Associate Professor of Management London School Of Economics And Political Science

Ralf Martin

Associate Professor of Economics, Imperial College Business School Imperial College London Business School

Leslie Martin

PhD candidate, Agricultural and Resource Economics (ARE) University Of California, Berkeley

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 Research Professor ICREA-Universitat Pompeu Fabra and Barcelona School of Economics

Damien Neven

Professor of International Economics Geneva Graduate Institute (IHEID)

Andrew Newman

Professor of Economics Boston University; Research Fellow Centre for Economic Policy Research

Volker Nocke

Vice Chancellor's Fellow Professor of Economics University Of Mannheim

Martin Peitz

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

Martin Pesendorfer

Professor of Economics, London School of Economics London School Of Economics And Political Science

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

Mar Reguant

Research Fellow Barcelona School Of Economics; Vice President, Climate Centre for Economic Policy Research; Professor Northwestern University

Markus Reisinger

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

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

Research Fellow Centre for Economic Policy Research; Research Fellow Centre for Economic Policy Research; Professor of Economics London School Of Economics And Political Science

Armin Schmutzler

Research Fellow Centre for Economic Policy Research; Professor of Economics University Of Zurich

Monika Schnitzer

Full Professor of Economics Bibliothek Wirtscharftswiseneschaften - University of Munich

Nicolas Schutz

Professor of Economics Research Fellow Centre for Economic Policy Research; Research Fellow Centre for Economic Policy Research; Professor of Economics University Of Mannheim

Stephan Seiler

Associate Professor of Marketing Imperial College Business School

Sandro Shelegia

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

Georges Siotis

Research Fellow Centre for Economic Policy Research; Associate Professor, Department of Economics Universidad Carlos Iii De Madrid

Giancarlo Spagnolo

Fellow Professor of Economics, SITE Stockholm School Of Economics; Professor of Economics University of Rome "Tor Vergata"

Yossi Spiegel

Full Professor at the faculty of Management Tel Aviv University

Ran Spiegler

Professor of Economics Professor of Economics Tel Aviv University

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"

John Van Reenen

Director of the Programme on Innovation and Productivity and Ronald Coase School Professor London School Of Economics And Political Science; Digital Fellow Massachusetts Institute of Technology (MIT)

Reinhilde Veugelers

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

Xavier Vives

Professor of Economics and Finance Academic Director of the Public-Private Sector Research Center IESE Business School, Barcelona

Lucy White

Associate Professor of Finance, Questrom School of Business Boston University

Matthijs Wildenbeest

Professor of Economics Indiana University; Professor of Economics University of Arizona

Luigi Zingales

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

Research affiliates

José Azar

Research Associate, IESE Business School; Assistant professor of Economics University of Navarra

Ying Fan

Faculty Research Fellow National Bureau Of Economic Research (nber); Associate Professor University of Michigan, Ann Arbor

Basile Grassi

Assistant Professor Bocconi University; Affiliate Bocconi University, IGIER

Sven Heim

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

Martin O'Connell

Research Fellow Institute For Fiscal Studies; Assistant Professor University of Wisconsin – Madison

Huan Tang

Assistant Professor of Finance London School Of Economics And Political Science

Emanuele Tarantino

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

Martin Watzinger

Research Affiliate Centre for Economic Policy Research; Professor of Economics University Of Münster

Biliana Yontcheva

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