studies how legal institutions shape markets and organizations. A key focus is on understanding how legal systems and law enforcement can explain differences in how firms are organized, financed, and grow across countries and legal jurisdictions. The research is mainly theoretical and applies contract theory and principal-agent theory to understand the impact of legal institutions and law enforcement on economic outcomes.

focuses on two types of questions. The first concerns individual attitudes towards risk and uncertainty;

• how these can be measured
• what explains their size
• how do they can explain choices in market and non-market situations.

The second concerns the design of various forms of risk sharing arrangements, both formal and informal, with applications in social insurance, health insurance, non-life insurance.

Research in Public Economics and Policy covers several core research areas, such as:

• Health economics
• Taxation
• Economic evaluation
• Industry regulation

Research in health economics focuses on competition between health care providers in attributes like quality and waiting times; the public–private mix in the supply of health care; the challenges posed by long-term care in an aging society; and the modelling of waiting lists.

Research in taxation focuses on both corporate and individual tax schemes, as well as environmental taxation.

Research on economic evaluation encompasses cost-benefit analysis of publicly funded projects such as transport, infrastructure, etc.

A fourth area of research addresses questions related to the regulation of public utilities, including electricity, telecom, and oil, and specific industries such as health care, pharmaceuticals, and the media market.