Microeconomic Theory Research Group

Microeconomics Research Group

How do rational people behave? How do various markets function? What are their welfare properties? How to regulate a market when it fails? Should health markets be liberalized? How to allocate radio spectrum rights to operators? Do voting mechanisms matter? How to optimize internet search engines or trading mechanisms? Should public building projects be initiated and, if so, how should they be financed? How to match human organ donors with patients in a need of a transplant?

Microeconomics begins on individual decision making and, from this foundation, builds a theory of economic mechanisms. Game theoretic techniques are used to capture rational and strategic aspects of behavior.

The theory is partly basic research, building solid and tractable foundations for economics. But modern microeconomic theory is also much more. It is, in particular, vital in solving practical real world problems. For example, theoretical tools are needed to evaluate how different - often hypothetical - economic institutions work. This knowledge is crucial in designing our economic environment. Often the questions pertain to the design of regulatory frameworks or trading mechanisms.

Klaus Kultti, professor

Matti Liski, professor

Top Miettinen, professor

Pauli Murto, professor

Hannu Vartiainen, professor, Chair of the group

Juuso Välimäki, professor

Marja-Liisa Halko, university lecturer

Mats Godenhielm, post-doc

Daniel Hauser, post doc

Saara Hämäläinen, post doc


Andrey Zhukov, PhD student

Jorge Soria Ruiz-Ogarrio, PhD student

Julia Salmi, PhD student

Jussi Lintunen, PhD student

Michele Crescenzi, PhD student

Mikko Salonen, PhD student

Nino Lindström, PhD student

Petteri Palonen, PhD student

Shreya Basu, PhD student

Teemu Pekkarinen, PhD student

Topi Hokkanen, PhD student

Yi Zheng, PhD student

Anustup Kundu, PhD student

Lauro Carnicelli, PhD student

Aleksi Paavola, PhD student