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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(2016-04-20) - Journal articleRecent studies in the marketing literature developed a new method for eliciting willingness to pay (WTP) with an open-ended elicitation format: the Range-WTP method. In contrast to the traditional approach of eliciting WTP ...
(University of St Andrews, 2017-09-13) - Working or discussion paperWe develop a nonparametric procedure, called the lattice method, for testing the consistency of contingent consumption data with a broad class of models of choice under risk and under uncertainty. Our method allows for ...
(2017-09) - Journal articleSeveral agents with privately known social values compete for a prize. The prize is allocated based on the claims of the agents, and the winner is subject to a limited penalty if he makes a false claim. If the number of ...
(2016-09) - Journal articleWe analyze the price behavior of the main precious metals – gold, silver, platinum and palladium – before, during and in the aftermath of the 2007–08 financial crisis. Using the mildly explosive/multiple bubble technology ...
(2017-06-26) - Journal article