We use cutting-edge methods and ideas in economics, econometrics, dynamic optimization, and game theory to rigorously analyze and address important issues facing individuals, households, firms, society, governments, countries, and the world. These frontier methods include dynamic structural econometric models, structural econometric models of dynamic games, dynamic programming, and optimal control theory.
In our research, we combine economic theory (including dynamic optimization and game theory) with statistical models to develop and estimate frontier structural econometric models of decision-making behavior. We use our structural econometric models to analyze how different institutions and policies affect this behavior and its outcome, and to design institutions and policies so that the decision-making behavior and outcome that are realized increase net benefits to society.
Our research is computationally intensive, analytically rigorous, and intellectually sophisticated. We work on projects that are technically sound, innovative, challenging, and that are of interest to academics, business practitioners, and policy-makers alike. We tackle a variety of issues, including those related to the environment, energy, natural resources, agriculture, development, and policy. We strive to understand and make a positive impact on the world.
We have developed dynamic structural econometric models to analyze and address important issues facing individuals, households, firms, society, governments, countries, and the world. These include the following: