The Managerial Economics and Strategy Faculty Research Group was established in 1990, and promotes the teaching and research of management from a social science perspective.
Research areas include:
- Corporate governance
- Corporate restructuring
- Network economics
- Game theoretic approaches to strategy
- Executive compensation
- Organisational structure
- Negotiation
- System dynamics
- Auctions including combinatorial auctions
The faculty group's research and teaching is dedicated to understanding the structures and strategies of firms, markets, industries and other organisational forms. Their practices, decisions, and interactions provide and respond to incentives and the faculty group's core belief is that an understanding of the causes and consequences of these incentives is central to management, and the foundation on which to improve organisational practice and corporate performance.
The Faculty group is eclectic as to methodology. A wide variety of theoretical and empirical approaches flourish, but all embody the rigour appropriate to scientific investigation.
Whilst some functional areas of management (eg accounting, finance, human resource management, decision science) are covered elsewhere in the Department and the School, the faculty group is responsible for the core curriculum in management, i.e. strategy and organisational design.