Microeconomics starts from the premise that phenomena should be understood as a result of individual choices. These choices are determined by the incentives that individuals face, and by the psychological make up of these individuals. Furthermore, competition, coordination and learning are vital in aggregating individual choices, and thereby shaping them into the collective behaviour observed in markets and even whole economies. This theme brings together researchers working on individual and group decision making, bargaining, risk sharing, contracts, behavioural approaches to savings decisions, evolutionary economics, experimental economics and competition among firms. The application of these works has been to diverse areas such as financial markets and banking, epidemiology, trust and social norms, decision making in human organ transplantation. It is hoped that a better understanding of individual choices will allow policy makers to eliminate some of the more obvious design flaws in their policies, and that a better understanding of how these choices interact to determine collective outcomes will help to identify policies that result in more stable collective outcomes (possibly at the expense of sacrificing some features that appear desirable at the individual level).
Coordinators:
Prof. Hamid Sabourian
Professor of Economics and Game TheoryResearch Interests
Economic theory and game theory
Prof. Christopher Harris
Professor of EconomicsResearch Interests
Dynamic Games, Dynamic Contracts
Postdoctoral
Researchers:
Dr Xin Gao
Janeway Institute Postdoctoral Research FellowResearch Interests
Microeconomic Theory, particularly Information Economics and Mechanism Design
Published Papers
See all the Published Papers for the Information Theme
Janeway Institute Working Papers
Cambridge-INET Working Papers
See all the Working Papers for the Information Theme
Visitors
Zaifu Yang
University of York
Research
Economic Theory, Game Theory, Auction/Mechanism Design, Consumer Theory, Financial Economics, Economic Growth, Tax Reform.
Visiting between:
(03 Jun 2019 - 04 Jun 2019)
Host: Hamid Sabourian
Prof Clara Ponsati
University of St Andrews
Research
Game Theory and Public Economics, with interest in negotiations, bargaining, and voting
Visiting between:
(01 Jan 2019 - 14 Jun 2019)
Host: Hamid Sabourian
Prof Larry Blume
Cornel Iniversity
Research
Evolutionary processes in markets and games, Economic theory, Game theory
Visiting between:
(04 May 2018 - 04 May 2018)
Host: Hamid Sabourian
Prof Kalyan Chatterjee
Penn State
Research
Game Theory, Microeconomic Theory, Industrial Organization
Visiting between:
(01 May 2018 - 09 May 2018)
Host: Hamid Sabourian
See all the Visitors for the Information Theme
Past Events
2nd Symposium on Competition Policy
The 2nd Symposium on Competition Policy was held as a virtual event on 15th May 2020. The Symposium provided a unique opportunity to bring together both researchers and senior practitioners from the public and private sectors to exchange ideas on issues of competition policy and inspire new work on the subject.
Event Date - Friday 15th May 2020
Symposium on Competition Policy
Cambridge-INET & the Bennett Institute for Public Policy are holding an event "Symposium on Competition Policy" on 17th May 2019, from 9.00am - 5.00pm, in Clare College, Cambridge.
Event Date - Friday 17th May 2019
Economic Theory Workshop
Cambridge-INET is hosting an Economic Theory Workshop on the 1st - 3rd May 2018, starting at 12.00pm (on the 1st) and finishing at 5.00pm (on the 3rd), in the Keynes Hall, King's College, Cambridge.
Event Date - Tuesday 1st May 2018 - Thursday 3rd May 2018
Keynes Fund & Cambridge-INET Research Days
The Keynes Fund & Cambridge-INET Research days will be held on the 14th and 15th June 2016, in Meade Room, Faculty of Economics.
Event Date - Friday 1st July 2016
See all the Past Events for the Information Theme
News
Herd Immunity – Crucial Yet Irrelevant
Dr. Flavio Toxvaerd has published a new Bennett Institute for Public Policy blog "Herd Immunity – Crucial Yet Irrelevant" and working paper "On the Management of Population Immunity" (joint with Prof. Robert Rowthorn). Both the paper and blog look at the use of costly treatments or vaccinations on infectious diseases and the idea that once immune, individuals indirectly protect the remaining susceptibles, who benefit from a measure of herd immunity.
Published on - Tuesday 18th August 2020
What to do if COVID-19 is Here to Stay
Dr. Chryssi Giannitsarou and Flavio Toxvaerd have published an article for VOXeu titled "What To Do If COVID-19 Is Here To Stay". This column considers the possibility that immunity is only temporary, which in practice, means that partial lockdowns and social distancing measures may be the norm for years to come.
Published on - Monday 20th July 2020
Symposium on Competition Policy
Dr. Flavio Toxvaerd organised a Symposium on Competition Policy at Clare College Cambridge, on the 17th of May 2019. The Bennett Institute have added videos of the days presentations to their website.
Published on - Thursday 18th July 2019
5 Years Cambridge-INET
Cambridge-INET is hosting a series of high profile events to mark the 5th anniversary of the Cambridge Institute for New Economic Thinking.
Published on - Tuesday 1st May 2018