Economics & Finance Research
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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(2016-05) - Journal articleA 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.
(University of St Andrews, 2017-05-06) - Working or discussion paperI construct a political agency model that provides a new explanation for sub-optimal policy making decisions by incumbents. I show that electoral incentives can induce politicians to address less relevant issues, disregarding ...
(University of St Andrews, 2017-05-13) - Working or discussion paperUnder open list proportional representation, voters vote both for a party and for some candidates within its list (preferential vote). Seats are assigned to parties in proportion to their votes and, within parties, to the ...
(2017) - Working or discussion paperThe paper examines the determinants of the child and juvenile sex ratios in India in a multivariate framework, using district level data from the 1981, 1991, and 2001 Indian population censuses. The results strongly suggest ...
(University of St Andrews, 2017-05-30) - Working or discussion paperThis paper studies how the local environment in receiving counties affected the economic, social, and political integration of the eight million expellees who arrived in West Germany after World War II. We first document ...