Microeconomics
About us
The Microeconomics Research Cluster focuses on the behaviour of individuals and on institutions allocating scarce resources. Microeconomists at the Adam Smith Business School studies market failures arising from asymmetric information, default and miscoordination of expectations, as well as non traditional markets like electronic commerce, or markets without money, such as reputation systems on the internet and the assignment of students to schools. They examine the normative foundations of decision making under uncertainty and behavioural biases together with related empirical paradoxes. They apply this methodology to the empirical analysis of oligopolistic markets, of behavioural poverty traps, disease prevalence, crime, copyright, and more.