Economics & Finance

 

Our research strengths are in dynamic macroeconomics, choice theory, bounded rationality, game theory, expectations and learning, competition and innovation and climate change. We support two research centres - the Centre for Dynamic Macroeconomic Analysis (CDMA) and the Centre for Research in Industry, Enterprise, Finance and the Firm (CRIEFF), and we are also actively involved in the Scottish Institute for Research in Economics (SIRE).

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Recent Submissions

  • Electoral systems, taxation and immigration policies : which system builds a wall first? 

    Morelli, Massimo; Negri, Margherita (University of St Andrews, 2017-08-07) - Working or discussion paper
    When exposed to similar migration flows, countries with different institutional systems may respond with different levels of openness. We study in particular the different responses determined by different electoral systems. ...

  • Inequalities in accessing LPG and electricity consumption in India : the role of caste, tribe, and religion 

    Saxena, Vibhor; Bhattacharya, P.C. (University of St Andrews, 2017-06-25) - Working or discussion paper
    Using the National Sample Survey Organisation data from the 68th round (2011–12) of 88,939 households, this paper investigates the inequalities in access to Liquid Petroleum Gas (LPG) and electricity usage by the households ...

  • Penalizing cartels : the case for basing penalties on the price overcharge 

    Katsoulacos, Yannis; Motchenkova, Evgenia; Ulph, David Tregear (2015-09) - Journal article
    In this paper we set out the welfare economics based case for imposing cartel penalties on the cartel overcharge rather than on the more conventional bases of revenue or profits (illegal gains). To do this we undertake a ...

  • Higher tax for top earners 

    FitzRoy, Felix R; Jin, Jim Yongtao (2017-07-10) - Journal article
    The literature can justify both increasing and decreasing marginal taxes (IMT & DMT) on top incomes under different welfare objectives and income distributions. Even when DMT are theoretically optimal, they are often ...

  • Optimal robust bilateral trade : risk neutrality 

    Čopič, Jernej; Ponsati Obiols, Clara (2016-05) - Journal article
    A risk neutral seller and buyer with private information bargain over an indivisible item. We prove that optimal robust bilateral trade mechanisms are payoff equivalent to non-wasteful randomized posted prices.

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