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Markets and their limits

Objective

This project aims at investigating new frontiers in the regulation of individuals, firms and the state. It will build on traditional tools, game theory, information economics and mechanism design, further these tools and apply them to a wide range of important economic issues. It will be organized around five topics:
- Morality and markets. The goal is to organize the disparate evidence from economics and psychology on how moral behavior is generated, to provide a coherent framework on how to think about moral issues to study their implications for organizations and to run experiments on the matter.
- Intellectual property and public policy with the writing of a monograph and an empirical analysis of the standards-patent pool interface.
- Industrial organization, and more specifically two-sided markets and merger policy. The research will apply two-sided market economics to shed light on the “must-join platform” argument and on potential regulations of the intermediation activity.
- Debt crises including various and yet little studied aspects of banking and sovereign debt crises.
- Investigate the political economy of regulation, and much more generally political science.
Finally, the project will emphasize methodological aspects. It will extend the concept of Markov Perfect Equilibrium to games of imperfect information. On the mechanism design front, it will pursue a new line of research on “positive selection”.
This methodological project will branch into a more applied project. It will consider an organization or a country run by a ruler/dominant group that is hostile toward a minority on religious, ethnic, linguistic, cultural, wealth or sexual-orientation grounds. It will investigate the dynamics of compositional change in such environments.
Also, the project will complete and extend research on cognitive games, defined as games in which a normal- or extensive-form game is preceded by players’ selecting their or their rivals’ information structures.

Fields of science (EuroSciVoc)

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Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

ERC-ADG - Advanced Grant

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) ERC-2014-ADG

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Host institution

FONDATION JEAN JACQUES LAFFONT,TOULOUSE SCIENCES ECONOMIQUES
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 784 000,00
Address
5E ETAGE, 1 ESP DE L'UNIVERSITE
31080 Toulouse
France

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Region
Occitanie Midi-Pyrénées Haute-Garonne
Activity type
Research Organisations
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 2 096 500,00

Beneficiaries (2)

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