Structural Microeconomics

Program Director(s)

Overview

It is therefore not possible in many economic problems to separate causes and effects by varying the causes one at a time, studying the separate effect of each cause — a method so fruitful in the natural sciences. On the other hand, economists do possess more elaborate and better established theories of economic behavior than the theories of motion of material bodies known to Kepler…. While much in these theories is incomplete and in need of reformulation and elaboration … such theory as we have is an indispensable element in understanding in a quantitative way the formation of economic variables…. An observed regularity not traced to underlying behavior patterns, institutional rules, and laws of production … is of no help whatever in assessing the probable effects of stated economic policies or institutional changes.
               T. Koopmans, 1947, CFP 25a

Since its earliest days, the Cowles Commission and Cowles Foundation have emphasized the importance of empirical research with a firm foundation in economic theory. Much of this work has been aimed at uncovering policy invariant (i.e., “structural”) economic relationships for both positive and normative purposes.

The Cowles Foundation Program in Structural Microeconomics continues in this tradition, supporting cutting edge research in a variety of fields of microeconomics that takes seriously both the statistics and the economics required for informative empirical work. The Structural Microeconomics program sponsors visiting positions, post-docs, conferences, and graduate training.

Visitors

(for contact info, see Visiting Faculty page)

2017-2018

2016-2017

2015-2016

2014-2015
2013-2014
2012-2013
2011-2012
2010-2011
2009-2010
2008-2009
2007-2008
2006-2007
2005-2006
2004-2005