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Durham Research in Economic Analysis and Mechanisms (Dream)

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The focus of this centre is on microeconomic theory and its applications with a special emphasis on the design of institutions. Three areas are especially prominent for our centre: (1) the analysis and design of bargaining protocols, (2) the theory of mechanism design and its applications, and (3) the theory of auctions and its empirical analysis. Other areas that also draw strong attention by the centre are the nature and origin of market power and its distortions on the economy, economic analysis under bounded rationality, the design of contests and its empirical analysis as well as the design of betting systems and its behavioural implications.

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