Applied Microeconomics
Applied Microeconomics
The Applied Microeconomics research group unites researchers working on a broad array of topics within such areas as labour economics, economics of education, health economics, family economics, urban economics, environmental economics, and the economics of science and innovation. The group operates in close collaboration with the CAGE Research Centre.
The group participates in the CAGE seminar on Applied Economics, which runs weekly on Tuesdays at 2:15pm. Students and faculty members of the group present their ongoing work in two brown bag seminars, held weekly on Tuesdays and Wednesdays at 1pm. Students, in collaboration with faculty members, also organise a bi-weekly reading group in applied econometrics on Thursdays at 1pm. The group organises numerous events throughout the year, including the Research Away Day and several thematic workshops.
Our activities
Work in Progress seminars
Tuesdays and Wednesdays 1-2pm
Students and faculty members of the group present their work in progress in two brown bag seminars. See below for a detailed scheduled of speakers.
Applied Econometrics reading group
Thursdays (bi-weekly) 1-2pm
Organised by students in collaboration with faculty members. See the Events calendar below for further details
People
Academics
Academics associated with the Applied Microeconomics Group are:
Research Students
Events
MTWP Lunchtime Workshop - Kaustav Das (Exeter)
Title: Competition, Learning and Duplicative Search in a Patent Race
Co-Author: Nicolas Klein (University of Montreal)
Abstract: We analyse a model of two firms locked in a winner-takes-all competition. Firms have to choose in continuous time between a traditional and an innovative method of pursuing the decisive breakthrough. They share a common belief about the likelihood of the innovative method being good. We show that there is a unique Markov perfect equilibrium, which is efficient if and only if firms are symmetric in their ability of leveraging a good innovative method. Otherwise, equilibrium will entail inefficient duplication of efforts in the innovative method. This inefficiency is mitigated if early completion of the project is promoted.
Organiser: Ayush Pant