Objective
Research objectives and content
The relation between the Micro- and the Macrolevel is one of the main issues in economic research. On the one side it concerns the important problem of aggregation and the need of possible Microfoundations for macroeconomic models (cf. Kirman (1992)). On the other side it focuses also directly on the macroscopic effects of any kind of interaction between individual agents on the microlevel. This second approach goes back to the work of Thomas Schelling (1978). See also the recent work of Peyton Young (1997). Its main idea is to see any kind of general structures of a group, a population, or an economy (the macrolevel) as the result of some interaction between individual members of the group or agents within the population (the microlevel). The general aim of this project is to continue theoretical research within that direction. In particular, the main object is to give and to analyse formal models that focus on the idea just described. With this respect, promising theoretical tools are, for example, given by the theory of Interacting Particle Systems and the theory of Random Fields. Both theories consider a general class of stochastic processes with multi-dimensional index sets that allow for a rigorous analysis of the interaction between spatially arranged particles (agents). Similarly, also models of Evolutionary Game Theory have looked at the dynamics of large populations of agents or players that repeatedly interact with each other in playing anon-cooperative game. In combination with new models of bounded rational behaviour of agents (cf. e.g. Rubinstein (1997), these models represent another inspiring starting point for addressing the question of this project.
Training content (objective, benefit and expected impact)
In the CentER Graduate Programme of Economics courses will be followed. Furthermore the network for General and Quantitative Economics will contribute to the educational part of the programme.
Links with industry / industrial relevance(22)
The Microeconomics research group at CentER has many ties with industry, as described in the Host Institute Description. The object of research is certainly of interest for both industry and policy addressing the question of this project. //WP_WP_CD 0301
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences economics and business economics microeconomics
- natural sciences mathematics applied mathematics game theory
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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.
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.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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.
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.
Coordinator
5037 AB TILBURG
Netherlands
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.