About the CIREO

The research centre was established in 2003 as a formal institutional setting to promote the existing research strength in ECONOMIC THEORY.

The area encompasses major research programs related to issues of increasing returns and economic organization. It is accredited by Committee of Associate Deans (Research) as category one, in recognition of the international prominence of its workers and research agenda.

The Centre promotes research on the implications of increasing returns for economic analysis, economic organization, and policy. Of particular interest to the Centre are the network effects of the division of labour and the extent to which such network effects are responsible for generalised increasing returns. In efforts to endogenise division of labour in general equilibrium settings, the work of the centre largely relies on the techniques of modern inframarginal analysis and non-classical mathematical programming.

In co-operation with the Society of Inframarginal Economics, the Centre engages mainly in the following activities:

• fostering research in the areas of economic organisation and increasing returns;
• publication of the refereed journal Division of Labour and Transaction Costs - A Journal of the Society of Inframarginal Economics;
• publication of research in competitive refereed journals, monographs, textbooks, and collections of papers;
• convening workshops and international conferences;
• graduate thesis supervision and teaching programs; and
• providing congenial environment for relevant research by visiting scholars.