Economic Theory

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Members of the group work with economic theory, both applied and pure. Our interests cover a wide range of fields including:

  • Bounded rationality
  • Contests
  • Economic dynamics
  • Economic growth
  • Environmental economics
  • General equilibrium
  • Imperfect competition
  • International trade
  • Networks
  • Public economics

What we have in common beyond our interest in economics is that we develop formal theory to shed light on our research areas.

The group organises seminars and workshops. Meetings focus on ideas for new research and working towards grant applications.

Research group leader

Mich Tvede

Academic staff

Subhasish Modak ChowdhuryAidas Masiliunas

Jolian McHardy

Antonio Navas

Juan Paez-Farrell

Matthew Rablen

Eleni Stathopoulou

Representative publications

Naraidoo R & Juan Paez-Farrell (2023) Commodity price shocks, labour market dynamics and monetary policy in small open economies. Journal of Economic Dynamics and Control.

Kasper M & Matthew Rablen (2023) Tax Compliance After an Audit: Higher or Lower? Journal of Economic Behavior & Organization.

Li J, Gamannossi Degl'Innocenti D & Matthew Rablen (2023) Marketed Tax Avoidance: An Economic Analysis. Scandinavian Journal of Economics.

Cuadros A, Antonio Navas & Paniagua J (2022) Moving ideas across borders: Foreign inventors, patents and FDI. World Economy.

Aidas Masiliunas (2023) Learning in Rent-Seeking Contests with Payoff Risk and Foregone Payoff Information. Games and Economic Behavior.

Del Ponte A, Aidas Masiliunas & Lim N (2023) Information about historical emissions drives the division of climate change mitigation costsNature Communications.

Brañas-Garza P, Subhasish M. Chowdhury, Espín AM & Nieboer J (2023) Born this Way’? Prenatal exposure to testosterone may determine behavior in competition and conflict. Journal of Economic Psychology.

Subhasish M. Chowdhury, Esteve‐González, P., & Mukherjee, A. (2023). Heterogeneity, leveling the playing field, and affirmative action in contests. Southern Economic Journal.

Varvarigos D & Eleni Stathopoulou (2022) On the relation between corruption and market competition. Economic Inquiry.

Subhasish M. Chowdhury, Mukherjee A & Turocy TL (2022) And the first runner-up is..: comparing winner selection procedures in multi-winner Tullock contests. Review of Economic Design.

Ilori, A, Juan Paez-Farrell and Christoph Thoenissen (2022). Fiscal policy shocks and international spillovers. European Economic Review.

Adetutu M, Odusanya K, Eleni Stathopoulou & Weyman-Jones T (2022) Environmental regulation, taxes, and activism. Oxford Economic Papers.

Hervé Crès and Mich Tvede (2022) Corporate self-regulation of imperfect competition. Economic Theory. 

Antonio Navas and Nocco A. (2021) Trade Liberalisation, Selection and technology adoption with vertical linkages. Review of International Economics.

Aidas Masiliunas, & Nax, H. H. (2020). Framing and repeated competition. Games and Economic Behavior.

Lim, F. K. S., Carrasco, L. R., Jolian McHardy and Edwards, D. P. (2019). Land rents drive oil palm expansion dynamics in Indonesia. Environmental Research Letters.

Adriani, F., Matthew Rablen, & Sonderegger, S. (2018). Teaching by example and induced beliefs in a model of cultural transmission. Journal of Economic Behavior & Organization.

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