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The University of Southampton
EconomicsPart of Economic, Social and Political Science

Microeconomics

The objective of microeconomic theory is to analyse how individual decision-makers, both consumers and producers, behave in a variety of economic environments. Examples of such environments are bidding in an auction, collectively deciding whether to build a public project, or designing a contract that will induce a worker to exert maximum effort. The common goal in all of these issues is to identify the incentives of the various participating agents and the trade-offs that they face.

Understanding behaviour and microeconomic trade-offs are also crucial for the design of microeconomic policies such as income taxation, healthcare provision and competition policies. It is often the case that a better understanding is obtained by looking at dynamic models, where agents interact repeatedly and learn how to behave optimally over time.

In order to understand how individual decision-makers behave, microeconomists build models, use data and conduct experiments.

Our research expertise ranges from game theory and decision theory to industrial organisation, public economics, corporate finance and behavioural economics.

Members' interests are as follows:

Members of the group

Hector Caldo-Pardo

Spyros Galanis

Antonella Ianni

Christos Ioannou

Maksymilian Kwiek

Zacharias Maniadis

Jian Tong

Mirco Tonin

Michael Vlassopoulos

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