Objective The complex set of relationships among economic agents has profound effects on individuals’ behaviour and economic outcomes. This premise, which finds strong empirical support, is at the basis of the recent development of the economic theory of networks. Research on networks in the last 15 years has set up a common tool to model and study complex relationships within the economic paradigm. This project will advance the state of the art by 1) furthering the development of network theory in economics, and 2) developing new applied models of networks in economics.The project is organised into three, inter-related sub-projects. In sub-project 1, networks will be used to represent different markets architectures. The objectives are to explain how trading mechanisms and the architecture of the network jointly shape the properties of the market equilibrium, and to provide normative insights on how to organize and regulate markets where trading networks are in place. In sub-project 2, networks will be used to model organizations. The objectives are to improve our understanding of the optimal design of an organization, and to provide a rationale for the current empirical organizational trends from hierarchical to more decentralised organizations. In sub-project 3, networks will be used to model communication. The objectives are to improve our understanding of information aggregation in multi-player environments, and to apply these insights to understand the effect of strategic communication on political games. Fields of science social scienceseconomics and businesseconomics Programme(s) FP7-IDEAS-ERC - Specific programme: "Ideas" implementing the Seventh Framework Programme of the European Community for research, technological development and demonstration activities (2007 to 2013) Topic(s) ERC-SG-SH1 - ERC Starting Grant - Individuals, institutions and markets Call for proposal ERC-2011-StG_20101124 See other projects for this call Funding Scheme ERC-SG - ERC Starting Grant Coordinator EUROPEAN UNIVERSITY INSTITUTE Address Via dei roccettini 9 50014 Fiesole Italy See on map Region Centro (IT) Toscana Firenze Activity type Higher or Secondary Education Establishments Principal investigator Andrea Galeotti (Prof.) Administrative Contact Serena Scarselli (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window EU contribution € 138 454,77 Beneficiaries (2) Sort alphabetically Sort by EU Contribution Expand all Collapse all EUROPEAN UNIVERSITY INSTITUTE Italy EU contribution € 138 454,77 Address Via dei roccettini 9 50014 Fiesole See on map Region Centro (IT) Toscana Firenze Activity type Higher or Secondary Education Establishments Principal investigator Andrea Galeotti (Prof.) Administrative Contact Serena Scarselli (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window UNIVERSITY OF ESSEX Participation ended United Kingdom EU contribution € 805 805,03 Address Wivenhoe park CO4 3SQ Colchester See on map Region East of England Essex Essex Haven Gateway Activity type Higher or Secondary Education Establishments Administrative Contact Shereen Anderson (Mrs.) Links Contact the organisation Opens in new window Website Opens in new window
