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).
For more information please visit the School of Economics & Finance home page.
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Recent Submissions
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What's in a wedge? Misallocation and taxation in the oil industry
(University of St Andrews, 2018-10-01) - Working or discussion paperResource misallocation explains a large part of cross-country productivity differences. Measuring differences in marginal revenue products of labor and capital across countries and firms allows for a quantification of the ... -
On the microeconomic foundations of linear demand for differentiated products
(2017-05) - Journal articleThis paper provides a thorough exploration of the microeconomic foundations for the multi-variate linear demand function for differentiated products, which is widely used in industrial organization. The setting is the ... -
Altruism and global environmental taxes
(2018-09-20) - Journal articleA global externality like the GHG emissions leading to climate change are both due to free-riding at the individual level as well as the government level. A government aiming to maximise domestic social welfare may make ... -
The ‘inventor balance’ and the functional specialization in global inventive activities
(2018-01) - Journal articleInventors and organizational assets are inputs of inventive activities which are often provided at a global scale, where countries might specialize in the provision of one or the other type of inputs. We introduce a new ... -
Free trade versus autarky under asymmetric Cournot oligopoly
(2017-02) - Journal articleThe paper compares free trade with autarky in an asymmetric multi-country world under Cournot competition with constant returns to scale and linear demand. We derive respective conditions under which free trade will hurt ...
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