{"id":163,"date":"2023-08-17T09:55:46","date_gmt":"2023-08-17T16:55:46","guid":{"rendered":"https:\/\/live-usc-dornsife.pantheonsite.io\/iepr\/?page_id=163"},"modified":"2024-08-19T14:48:30","modified_gmt":"2024-08-19T21:48:30","slug":"research","status":"publish","type":"page","link":"https:\/\/dornsife.usc.edu\/iepr\/research\/","title":{"rendered":"Research"},"content":{"rendered":"\n\n  \n    \n\n\n\n\n\n\n<div\n  class=\"cc--component-container cc--rich-text \"\n\n  \n  \n  \n  \n  \n  \n  >\n  <div class=\"c--component c--rich-text\"\n    \n      >\n\n    \n      \n<div class=\"f--field f--wysiwyg\">\n\n    \n  <h2 style=\"text-align: center;\">In the recent years, IEPR has sponsored activities around high impact themes including the topics found below.<\/h2>\n\n\n\n<\/div>\n\n\n  <\/div><\/div>\n\n\n\n        \n          \n          \n          \n          \n          \n  \n  \n    \n\n\n\n\n\n\n<div\n  class=\"cc--component-container cc--editorial-cards \"\n\n  \n  \n  \n  \n  \n  \n  >\n  <div class=\"c--component c--editorial-cards\"\n    \n      >\n\n    \n  \n      <div class=\"cards-container\">\n      \n        <div class=\"card\">\n\n          \n                                      \n                \n<div class=\"f--field f--image\">\n\n    \n    \n    \n    \n    \n    \n              \n      <img\n                            data-src=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/milad-fakurian-58Z17lnVS4U-unsplash-768x432.jpg\"\n          data-srcset=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/milad-fakurian-58Z17lnVS4U-unsplash-768x432.jpg 768w\"          data-sizes=\"(min-width:1024px) 23vw, (min-width:768px) 39vw, 83vw\"          class=\"lazyload\"\n        \n                  alt=\"Illustration of a brain\"\n        \n        \n                                      \/>\n\n    \n    \n  \n  \n\n<\/div>\n          \n          <div class=\"text-container\">\n            \n                            <h3>\n                  \n                    Behavioral Economics\n\n                                  <\/h3>\n            \n                              \n<div class=\"f--field f--description\">\n\n    \n  <p>Standard economic theory relies on the rational paradigm and often fails to provide an acurrate description of how people make choices. Experimental tests help measuring departures between observed behavior and models. This enlightens the design of new models capable of explaining and predicting how economic agents make decisions and how this affects economic outcomes.<\/p>\n\n\n\n<\/div>\n                      <\/div>\n\n\n        <\/div>\n      \n        <div class=\"card\">\n\n          \n                                      \n                \n<div class=\"f--field f--image\">\n\n    \n    \n    \n    \n    \n    \n              \n      <img\n                            data-src=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/dave-photoz-FdTmaUlEr4A-unsplash-768x432.jpg\"\n          data-srcset=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/dave-photoz-FdTmaUlEr4A-unsplash-768x432.jpg 768w\"          data-sizes=\"(min-width:1024px) 23vw, (min-width:768px) 39vw, 83vw\"          class=\"lazyload\"\n        \n                  alt=\"Close up of people playing a game\"\n        \n        \n                                      \/>\n\n    \n    \n  \n  \n\n<\/div>\n          \n          <div class=\"text-container\">\n            \n                            <h3>\n                  \n                    Mechanism Design and Market Design\n\n                                  <\/h3>\n            \n                              \n<div class=\"f--field f--description\">\n\n    \n  <p>Mechanism design builds on game theory to study\u00a0solution concepts\u00a0for private information games. As an application, auction theory studies the design of auction mechanisms by modeling how people make decisions in auction markets.<\/p>\n\n\n\n<\/div>\n                      <\/div>\n\n\n        <\/div>\n      \n        <div class=\"card\">\n\n          \n                                      \n                \n<div class=\"f--field f--image\">\n\n    \n    \n    \n    \n    \n    \n              \n      <img\n                            data-src=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/sigmund-TJxotQTUr8o-unsplash-768x432.jpg\"\n          data-srcset=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/sigmund-TJxotQTUr8o-unsplash-768x432.jpg 768w\"          data-sizes=\"(min-width:1024px) 23vw, (min-width:768px) 39vw, 83vw\"          class=\"lazyload\"\n        \n                  alt=\"Closeup of a child's hands do a craft project with construction paper\"\n        \n        \n                                      \/>\n\n    \n    \n  \n  \n\n<\/div>\n          \n          <div class=\"text-container\">\n            \n                            <h3>\n                  \n                    Developmental Decision-making\n\n                                  <\/h3>\n            \n                              \n<div class=\"f--field f--description\">\n\n    \n  <div class=\"article cf\">\n<div class=\"article-has-img\">\n<div class=\"html-content\">\n<p>Economists have traditionally neglected to study decision-making in children and teenagers. Recent research suggests that adult behavior and adult life outcomes are the consequence of what we learn (and do not learn) during childhood and adolescence. Understanding the developmental trajectories of decision-making and strategic thinking is key to inform education and policy around children and teens.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"article cf\">\n<div class=\"article-img block\"><\/div>\n<\/div>\n\n\n\n<\/div>\n                      <\/div>\n\n\n        <\/div>\n      \n        <div class=\"card\">\n\n          \n                                      \n                \n<div class=\"f--field f--image\">\n\n    \n    \n    \n    \n    \n    \n              \n      <img\n                            data-src=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/m-ZzOa5G8hSPI-unsplash-768x432.jpg\"\n          data-srcset=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/m-ZzOa5G8hSPI-unsplash-768x432.jpg 768w\"          data-sizes=\"(min-width:1024px) 23vw, (min-width:768px) 39vw, 83vw\"          class=\"lazyload\"\n        \n                  alt=\"Close up of a computer screen featuring a line graph\"\n        \n        \n                                      \/>\n\n    \n    \n  \n  \n\n<\/div>\n          \n          <div class=\"text-container\">\n            \n                            <h3>\n                  \n                    Macroeconomics\n\n                                  <\/h3>\n            \n                              \n<div class=\"f--field f--description\">\n\n    \n  <div class=\"article cf\">\n<div class=\"article-has-img\">\n<div class=\"html-content\">\n<p>Macroeconomics is\u00a0concerned with large-scale economic factors and it studies the behavior, structure\u00a0and behavior of an economy as a whole. It addresses the effects of policy tools (such as interest rates, taxes and subsidies) to regulate an economy\u2019s growth at the regional, national, and global levels.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"article cf\">\n<div class=\"article-img block\"><\/div>\n<\/div>\n\n\n\n<\/div>\n                      <\/div>\n\n\n        <\/div>\n      \n        <div class=\"card\">\n\n          \n                                      \n                \n<div class=\"f--field f--image\">\n\n    \n    \n    \n    \n    \n    \n              \n      <img\n                            data-src=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/irfan-hakim-0SWT-S4wp9I-unsplash-768x432.jpg\"\n          data-srcset=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/irfan-hakim-0SWT-S4wp9I-unsplash-768x432.jpg 768w\"          data-sizes=\"(min-width:1024px) 23vw, (min-width:768px) 39vw, 83vw\"          class=\"lazyload\"\n        \n                  alt=\"Close up of a person's hands counting out money.\"\n        \n        \n                                      \/>\n\n    \n    \n  \n  \n\n<\/div>\n          \n          <div class=\"text-container\">\n            \n                            <h3>\n                  \n                    Development and Policy\n\n                                  <\/h3>\n            \n                              \n<div class=\"f--field f--description\">\n\n    \n  <div class=\"article cf\">\n<div class=\"article-has-img\">\n<div class=\"html-content\">\n<p>Development Economics\u00a0deals with\u00a0economic\u00a0aspects of the\u00a0development\u00a0process in countries characterized by low income, low education levels and poor health. The objectives of the field are to understand the mechanisms that drive the development process and their failures, and to design policies to assist developing countries.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"article cf\">\n<div class=\"article-img block\"><\/div>\n<\/div>\n\n\n\n<\/div>\n                      <\/div>\n\n\n        <\/div>\n      \n        <div class=\"card\">\n\n          \n                                      \n                \n<div class=\"f--field f--image\">\n\n    \n    \n    \n    \n    \n    \n              \n      <img\n                            data-src=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/brusk-dede-tjd5CfdDPRA-unsplash-768x432.jpg\"\n          data-srcset=\"https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2023\/08\/brusk-dede-tjd5CfdDPRA-unsplash-768x432.jpg 768w\"          data-sizes=\"(min-width:1024px) 23vw, (min-width:768px) 39vw, 83vw\"          class=\"lazyload\"\n        \n                  alt=\"Empty chairs at a desk\"\n        \n        \n                                      \/>\n\n    \n    \n  \n  \n\n<\/div>\n          \n          <div class=\"text-container\">\n            \n                            <h3>\n                  \n                    Industrial Organization\n\n                                  <\/h3>\n            \n                              \n<div class=\"f--field f--description\">\n\n    \n  <div class=\"article-list\">\n<div class=\"article cf\">\n<div class=\"article-has-img\">\n<div class=\"html-content\">\n<p>Industrial Organization focuses on how firms interact in markets. The field builds on the theory of the firm and game theory to study the structure of firms and markets. An important aspect of the field is also to offer policy oriented predictions.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<\/div>\n                      <\/div>\n\n\n        <\/div>\n          <\/div>\n  \n\n  <\/div><\/div>\n\n\n  \n  \n    \n\n\n\n\n\n\n<div\n  class=\"cc--component-container cc--contact-details \"\n\n  \n  \n  \n  \n  \n  \n  >\n  <div class=\"c--component c--contact-details\"\n    \n      >\n\n    \n  <div class=\"inner-wrapper\">\n\n          <div class=\"header-container\">\n\n                      \n<div class=\"f--field f--section-title\">\n\n    \n  <h2>\n          Contact\n      <\/h2>\n\n\n<\/div>\n        \n                      \n<div class=\"f--field f--link\">\n\n    \n    \n  \n<a \n  class=\"link\"\n  href= https:\/\/dornsife.usc.edu\/iepr\/wp-content\/uploads\/sites\/335\/2024\/08\/map-to-institute-of-ecomic-policy-research-compressed.jpg\n  target=\"_blank\"  aria-label=\"Read more about See Map\"  \n>\n    See Map \n  <svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" x=\"0px\" y=\"0px\" viewBox=\"0 0 35 35\" enable-background=\"new 0 0 35 35\" width=\"25\" height=\"25\" xml:space=\"preserve\"><polygon fill-rule=\"evenodd\" clip-rule=\"evenodd\" fill=\"#000\" points=\"19.3,27.5 29.3,17.5,19.3,7.5 16.3,10.4 21.4,15.4 6.7,15.4 6.7,19.6 21.4,19.6 16.3,24.6 \"\/><\/svg>\n<\/a>\n\n\n<\/div>\n        \n      <\/div>\n    \n    \n      <div class=\"contacts-container\">\n\n        \n                      <div class=\"contact-card\">\n\n                              <h3>Professor Juan Carrillo<\/h3>\n              \n                                  \n<div class=\"f--field f--description\">\n\n    \n  <p><strong>Director<\/strong><\/p>\n<p>Department of Economics &#8211; KAP 116 G<br \/>\nUniversity of Southern California<br \/>\n3620 S. Vermont Ave.<br \/>\nLos Angeles, CA 90089-0253<\/p>\n\n\n\n<\/div>\n              \n              \n                              <div class=\"f--email\">\n                  <a href=\"mailto:iepr@usc.edu\">iepr@usc.edu<\/a>\n                <\/div>\n              \n            <\/div>\n                    \n      <\/div>\n\n        \n     \n    \n  <\/div>\n\n\n  <\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":17,"featured_media":245,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-163","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Research - Institute for Economic Policy Research<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dornsife.usc.edu\/iepr\/research\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Research - 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