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City University, London

UOA 34 - Economics and Econometrics

RA5a: Research environment and esteem

RA5a: Research environment and indicators of esteem



The Department of Economics at City University is part of the School of Social Sciences. Since 2001, the department has grown from 9 research-active FTEs to 14.2 (as of 31 October 2007; Klaus Zauner joined on 2 November, 2007).


Over half the current staff members have been appointed since the 2001 RAE. The department’s members have also significantly increased their publications in high-ranking journals. Basic academic research now rivals research driven by policy applications and user engagement. 


Staff members are active in publishing, seeking research grants, participating in top national and international conferences and presenting their research at other institutions. We are submitting 100% of eligible category A staff, including all early-career researchers.



Institutional support for research 


In 2004, City University signalled its commitment to and confidence in the future of social sciences by a substantial (£22m) investment in a purpose-built building which now houses the department in spacious offices, a dedicated resource and seminar room, other meeting rooms and a research student office.


The University promotes research, research culture and research capacity building through a Research Development Fund, Research Studentships and Fellowships as well as Research Prizes and other competitions. The Economics department has regularly benefited from these funds. The University also requires each School to appoint an Associate Dean responsible for international research collaboration.


The School of Social Sciences returns a share of overheads on research grants directly to the investigator’s research account, providing strong incentives for grant applications. The School provides administrative support for PhD programmes and recently hired a full time Research Administrator to advise on research grant applications.


The University research strategy is supported by a central research office and research committees at University, School and department level. IT support is provided through dedicated teams of professionals at both central and School levels. The University also provides a subscription to the Community of Science funding opportunities database and bibliographic software for all staff.



Staffing policy 


Hiring strategy


Recent hires have been used to strengthen existing research areas, develop new ones and enhance the department’s expertise in core economics. Appointees have come from prestigious institutions all over the world. 


Existing areas with new researchers are: health economics (Devlin from Otago; Jofre-Bonet from London School of Hygiene and Tropical Medicine); the economics of competition and regulation (Banal-Estañol from Western Ontario; Zauner from York). A new field is financial economics (Iori from the Mathematics department, King’s College, London; Olmo from Carlos III). Core areas are: macroeconomics (Coto-Martinez from East Anglia; Jafarey from Liverpool; Ben-Gad from Haifa); microeconomics (Jofre-Bonet, Banal-Estañol and Zauner); econometrics (Olmo; Montes-Rojas from Champaign-Urbana). A growing area is development economics (Montes-Rojas; Jafarey along with a new PhD student).


The department favours versatile researchers. In addition to their main fields, Montes-Rojas contributes to labour economics, Jofre-Bonet and Banal-Estañol to core microeconomics, Jafarey to development economics, Ben-Gad to public finance and Zauner to experimental economics. 


Staff no longer at City who have shared in the improved research environment include: Garcia-Mariñoso (who remains as honorary) now at the Spanish telecoms regulator; McGuire, now at LSE; Milas, now Professor at Keele; Burridge who held a chair in econometric theory since April 2000, recently moved to York; Price, now at the Bank of England. Cubbin has retired but remains part-time as Director of the Centre for Competition and Regulatory Policy. 


Arrangements for developing and supporting staff in their research


The School has supported the department’s research direction and recent hires. Five of the appointments made since 2001 have been at Lecturer level and junior lecturers are given a considerably reduced administrative load. Fresh PhDs also get a reduced teaching load in the first year. Since the University does not ration senior posts, lecturers with greater experience have been able to benefit from opportunities for rapid promotion (Jofre-Bonet and Banal-Estañol both were promoted to Senior Lecturer within two years of joining). There is a mentoring programme and a variety of training schemes for all new staff.   


The department provides lecturers with class and tutorial support from PhD students. Almost all staff members teach on our expanding MSc programmes, benefiting from complementarities between teaching and research. 


Other arrangements for promoting research include: a sabbatical leave one term in seven (subject to approval of a credible research plan); annual staff appraisal when research goals are agreed; flexible academic calendars which accommodate external research activity; funds for staff to present papers or play another major role at conferences. Journal submission fees  are also often paid by the department, especially for junior staff.



PhD programme 


The Department decided in 2003 to build a structured programme and achieve a critical mass of students. Two full bursaries were funded per annum in 2003, 2005, 2007 and one in 2004. A further student is funded by a City University studentship since 2006. The two students who joined in 2003 are in the final stages of completion. The department plans to apply for ESRC recognition at the next available opportunity.


PhD students are fully integrated into the department, enjoying daily interaction with staff, a visible presence at departmental events, conferences, public lectures and seminars. They have access to the same training as contract research staff as well as to training directly tailored to their needs. 


All students are allocated a supervisory panel of three. Panels meet regularly, and a record is kept of progress. The first year’s progress is evaluated by two term papers and a presentation to the department. Thereafter students work closely with supervisors.


PhD students are encouraged to take on light teaching in order to broaden their training and enhance their career prospects. Since 2007, the PhD bursaries have been increased to incorporate recompense for teaching. The teaching load is expected not to exceed 50 contact hours per year, composed mainly of multiple class sessions in one or two subjects, with all material provided by the lecturer. 


Reflecting the shift in the department’s research profile from policy-driven to basic research, its postgraduate programmes are shifting from specialised MScs towards more mainstream ones in order both to attract prospective PhD students and to provide existing ones with greater learning opportunities. The new MScs in financial economics and health economics represent steps in this direction.



Research infrastructure


The new Social Science building is an excellent base for seminars and conferences. Since moving in, the department has hosted conferences by the Society for Non-linear Dynamics and Econometrics, the UK Health Economics Study Group, the French Collège des Économistes de la Santé joint colloquium, the Association of Heterodox Economics and two workshops on competition and regulation.


All full-time academic staff have private offices with computers and printers. Research students have their own desks and computers in a shared, spacious room.


All staff and research students can use the internal network to access the University’s central software, databases and electronic journals. In addition, the department funds purchases of specialist software as needed for the research of both staff and research students.


The department hosts weekly seminars throughout the academic year as well as an internal lunch-time workshop in the third term. Recent invited speakers include Miguel Delgado (Carlos III), Alistair McGuire (LSE), Paul Levine (Surrey), John Driffil (Birkbeck), Neil Rankin (Warwick) and Sanjeev Goyal (Cambridge).


Some of our seminars have been jointly organised with the Bank of England. We also exchange seminar speakers with the Finance group at Cass Business School. Our seminars often attract an audience from the City of London.


Our internally peer reviewed Discussion Paper series is linked to RePEC.


The department’s research committee, which consists of a senior academic as Chair and 3-4 other research-active colleagues, has recently been charged with playing a key role in research strategy. Its remit includes preparing guidelines for the allocation of research funds and proposing incentives and mechanisms for encouraging and enhancing research quality.


The department regularly hosts international research visitors, including visiting PhD students, who participate in seminars and contribute to our discussion paper series. Recent visitors have been from Toulouse, Autonoma, Venice, Alicante, Paris IX, Toronto and WZ Berlin.



Matters arising from the RAE2001 Report


The report raised two main issues:


1. Split submission of health economists: In the current RAE, all the health economists are being submitted in UoA34, cross-referenced to UoA7, reflecting the greater integration of the department’s research.


2. Lack of collaboration with Cass: Collaboration is now much more systematic and includes exchange of seminar speakers and the pooling of expertise in health economics, as discussed in the relevant sections.



Research Areas


Staff research falls in the following areas:  macroeconomics, microeconomics, econometric theory and applications, financial economics, development economics, history of economic thought, health economics, industrial economics/economics of regulation and competition. Since the last RAE the last two have become the basis for research centres.


Research Centres 


City Health Economics Centre (CHEC): Devlin, Jofre-Bonet, Parkin, Garcia-Mariñoso, John Appleby (Chief Economist, King’s Fund) & John Edmunds (Director, Economic Modelling Unit, Health Protection Agency); PhD students: Sadique, Dimakou.


Established in 2002, CHEC produces highly influential and policy-relevant research in areas of health economics and the economics of health-care systems and markets.


CHEC maintains strong links with honorary staff, reflected in joint publications and funding bids, and collaboration in PhD supervision. Appleby, a highly regarded policy analyst with extensive publication, serves on Dimakou’s PhD panel. Edmunds has published widely on the economics of vaccination programmes. He supervised Marc Brisson’s PhD (now of Pfizer, Canada) and is on Sadique’s PhD panel.


CHEC research includes theoretical work (Garcia-Mariñoso’s work on pharmaceutical pricing, forthcoming in Journal of Health Economics; Devlin’s work on the theoretical foundations of Time Trade Off in Health Economics); innovative econometric analyses (Jofre-Bonet’s work on smoking behaviour; Parkin’s research on cross-sectional time-series data on quality of life); and economic evaluations (Parkin’s work on multiple sclerosis, which informed high-profile decisions about the drug beta interferon; and Jofre-Bonet’s research on eye disease). CHEC has particular expertise in health state valuation – Jofre-Bonet developed valuation techniques relating to glaucoma; Devlin and Parkin each lead research projects on EQ-5D valuation. 


The relevance of CHEC research to government policy is reflected in its external income from government sources. 


CHEC grants/external funding listed in the RA4



Text Box: Title Funder Total budget CHEC’s budget Investigation of the market forces factor (MFF) applied to NHS prices Department of Health £200k £14k Patients’ choice of hospital at the point of referral: a discrete choice experiment. Department of Health R&D (2005-6) £180k £11k An analysis of patients’ choices in the London Patient Choice Project Department of Health R&D (2002-4) £265k £15k



















CHEC’s policy-related work is expanding rapidly, as reflected in the number of grants awarded mid-late 2007 (not included in the RA4 as income received after the cut-off date).


Examples of other grants/external funding received by CHEC in 2007 (not listed in the RA4)



Total budget

CHEC’s budget 

Searching for the NHS cost-effectiveness threshold: feasibility study? 






The effect of perceived risks on the demand for vaccination: a discrete choice experiment

Health Protection Agency


Grant-in-aid of data collection; £6k


Time Trade Off valuation of EQ-5D states worse than dead

EuroQol Foundation




How patients choose and how providers respond

National Institute for Health Research 






Prior to joining City during this RAE period, bothJofre-Bonet and Devlin held grants in other organisations not recorded in the RA4. Jofre-Bonet was PI on a £94k grant from Pfizer and a Wellcome grant of £150K. She was also a member of research teams awarded three substantial grants between 2002 and 2006 by the NIH (US) and the National Institute of Drug Abuse on projects related to drug abuse and addiction.



CHEC user engagement


         HTAinSite: A commercial spin-off from Devlin and Parkin’s highly cited 2004 paper in Health Economics on NICE, HTAinSite is a user-friendly database of all NICE decisions and evidence. Developed in partnership with the Office for Health Economics and Abacus International, HTAinSite will be launched in January 2008 to subscribers in the pharmaceutical industry, government and research units.

         Supporting local NHS decision-making: CHEC works directly with two local NHS organisations, Havering PCT and Lambeth PCT, to provide analytical support. Havering is now recruiting a full-time health economist to be based two days a week in the Economics Department and pursuing a PhD. 

         Finance Director training: CHEC provides health economics training via Cass Executive Education’s NHS strategic leadership programme. Every NHS and Foundation Trust FD will go through this programme in the next two years. During 2007 FDs on this programme participated in CHEC’s research project funded by NICE R&D. 


CHEC Impact

In addition to the relevance of our research for policy, other examples of CHEC’s impact include:

         Jofre-Bonet's paper (published in Journal of Mental Health Policy and Economics with Sindelar) on the effectiveness of using substance abuse treatments as an instrument to fight crime was summarized in BusinessWeek, August 5, 2002.

         Jofre-Bonet has been invited to give a presentation on the economics of screening before the House of Commons select committee on science and technology, on 21 November 2007. 

         Devlin’s 2003 paper with Hansen, Williams and Kind produced the EQ-5D valuation tariff now routinely used by PHARMAC in NZ as the basis for its cost utility analysis of new drugs.

         Appleby, Devlin and Parkin’s BMJ editorial on NICE’s cost effectiveness threshold received wide coverage in the press and radio. Following their written evidence to the House of Commons select committee inquiry on NICE, they were called to give verbal evidence in October 2007. 



Centre for the Study of Regulation and Competition (CCRP): Banal-Estañol, Cubbin, Dassiou and Zauner; Jon Stern and Garcia Mariñoso (honorary); PhD students: Maiorano, Gboney and David Hunt.


CCRP, established in 2005, operates as a research network in regulation and competition policy, covering theoretical analyses of transactions bundling and consumer quality choices, simulation analyses of markets, and empirical analyses of regulatory policy.  

The CCRP runs a series of workshops consisting of plenary sessions, where researchers – including research students – can obtain detailed feedback from senior academics and practitioners. Members and affiliates include Dr. Francesc Trillas (Universitat Autonoma de Barcelona), Professor Anton Eberhard (University of Cape Town) as well as Professor Paul Levine (Surrey) and Professor Richard Green (Birmingham). The twice-yearly workshops have been held at City University, IESE business school (Barcelona), the University of Surrey, and the University of Birmingham, and the next will be at the University of Las Palmas, Gran Canaria (Jan 2008).

The CCRP has recently been strengthened by the appointment of Zauner, a game theorist with a particular interest in the fundamentals of consumer behaviour, product quality and differentiation and experimental economics.


CCRP user engagement

  • Cubbin has a substantial portfolio of consulting reports in utility regulation and efficiency measurement with considerable practical impact. One example is a controversial analysis of the potential for regulatory withdrawal in the telecoms market, co-authored with David Currie (formerly Dean of Cass Business School and inaugural chairman of Ofcom). 
  • An econometric analysis of postal cost functions by Cubbin and others was the first to provide a clear separate identification of economies of scale and of density in postal services, providing the basis for the Postcomm’s price determination for Royal Mail over the period 2006-10. (The detailed report was published on the Postcomm website and a summary article printed in a postal economics conference volume edited by Crew and Kleindorfer.)
  • Cubbin and Stern have analysed the effect of regulatory institutions on developing countries’ investment in electricity generation and efficiency measurement of firms under price regulation (World Bank Economic Review).
  • Stern co-authored a Handbook for Evaluating Infrastructure Regulatory Systems for the World Bank.
  • Gboney, a PhD student, secured co-operation of almost all African countries and established a database which enables African electric utility regulators to benchmark themselves and their client utilities.  


CCRP impact

  • Banal-Estañol's expertise in energy market mergers has been used to evaluate merger strategy at Gaz de France.
  • Cubbin and Currie’s policy recommendations are now embedded in the functional separation of BT – after a major review by Ofcom – and are now being considered for European telecoms policy. 


  • The working paper version of Cubbin and Stern’s work mentioned above on the AEI-Brookings website was downloaded over 4400 times and for several months was one of the most popular working papers on the site.




Other Research Areas


Microeconomics: Glycopantis, Jofre-Bonet, Dassiou, Banal-Estañol, Zauner; Research Assistant: Meissner


Dassiou: strategies for price discrimination; Jofre-Bonet: I/O models in health care provision and optimal mechanism design and estimation of dynamic and sequential games; Banal-Estañol: R&D in academia, both theory and empirically (the latter with Jofre-Bonet and Meissner) and corporate finance; Glycopantis: mathematical economics and game theory, Zauner: game theory and experimental economics.


Macroeconomics: Asteriou, Ben Gad, Coto-Martinez, Jafarey, Pilbeam, Simon Price; PhD student: Monika Junicke


Asteriou: determinants of economic growth; Ben-Gad: the dynamic behaviour of macroeconomic models, the economic impact of immigration; Coto-Martinez: closed and open economy macroeconomics with special emphasis on the role of imperfect competition; Jafarey: credit markets and their imperfections; Junicke (under Coto-Martinez, Olmo and Ben-Gad): empirical estimation of the New Keynesian Phillips Curve; Pilbeam: financial economics, exchange rate determination; Price: macro-econometrics.


Econometrics/Applied Econometrics: Iori, Montes Rojas, Olmo; PhD student: Mattiussi


Olmo: time-series analysis and extreme value theory; Mattiussi (under Iori and Olmo):  spectral methods to measure time dependent volatility and correlations in high frequency financial time series; Montes-Rojas: the construction of specification tests that are robust to parameter misspecification.


Members of the department also research and publish regularly in the following areas:


Financial Economics: Iori, Olmo


Iori: financial stability, market microstructure, option pricing; Olmo: tests of IRP (with Pilbeam), statistical dependence in extremes of financial returns, outlier detection in financial time series, portfolio optimisation.


Development Economics: Montes-Rojas, Jafarey; PhD student: William Pouliot


Montes-Rojas: micro-entrepreneurship in developing and transition economies; Jafarey: child labour, gender inequality; Pouliot: child labour, statistical techniques applied to development (under Montes-Rojas, Jafarey and Olmo).


History of Economic Thought: Denis, Clement Levallois (Visiting Research Fellow from Universite Paris IX, 2007-08); PhD student: Kahn


Denis: the relationship between individual and collective rationality in the history of economic thought;Kahn (under Denis and Jafarey): history of national accounting systems, alternative strategies for developing countries; Levallois: the biological foundations of evolutionary economics.



Interdisciplinary research 


City University strongly encourages inter-disciplinary teaching and research. CCRP has collaborated with technical and managerial staff in utilities, transport and telecommunications industries, and with the legal profession; and CHEC with physicians, epidemiologists, pharmacists, and health care policy makers. CHEC benefits from complementary disciplines at City University, including health informatics, health services research and health management and through Devlin’s role as advisor to City’s Community and Health Sciences Centre.


Outside the centres, Iori has pioneered applications of statistical mechanics to finance and economics and has been one of the founders of the interdisciplinary area of research, Econophysics. Deniss work overlaps with philosophy.


There are also cross-disciplinary collaborations within the department: Iori brought  techniques from random networks to bear on work with Jafarey on interbank lending;  Jofre-Bonet uses panel data in work with Banal-Estañol and Meissner on academic productivity; Olmo brings time-series expertise to work with Coto-Martinez and with Keith Pilbeam on empirical macroeconomics.



Research funding


The department’s external research funds come from research councils, government and charities: including ESRC, Leverhulme, Department of Health, the National Health Service (NHS), the King’s Fund. Several staff members have obtained travel grants from the Royal Economics Society.


The department has also won considerable University funding. Banal-Estañol and Jofre-Bonet won a pump-priming grant of £10k in 2007 for their project on academic productivity. Montes-Rojas was appointed to a two-year University research fellowship in 2007, won in competition with internal and external candidates of high calibre. Devlin and Parkin jointly won the inaugural City University research prize in 2005 for their work on cost effectiveness thresholds and Banal-Estañol won this prize in 2006 for his work on firm mergers.


Apart from contributing to the recipient’s own research, for example by enabling teaching buy-out, research grants have contributed to the department’s research environment by bringing researchers in.


Coto-Martinez, part of a team led by Paul Levine (Surrey), obtained ESRC funding for the project “Robust Monetary Rules for the Open Economy” (£150k, of which £23,535k came to City) and used some of the funds to buy out teaching (2005-2006).


Burridge secured funding from Leverhulme (£35k) which was used to hire Post-doctoral Fellow Daniela Hristova (2005-2006).


Jafarey won a British Academy grant (£4.1k) for joint research with A. Goenka (National University of Singapore) on natural resource extraction with ethical behaviour in September 2007.  


Jofre-Bonet and Banal-Estañol hired Meissner as a Research Assistant from their University-funded pump-priming project. They have budgeted for continued research assistance in a recent application for a larger ESRC grant. 


CHEC funds are often used by CHEC members to support their own conference activity and other research expenditures. They have also been used to support tuition fees and other expenditures for overseas PhD students. A recent agreement between CHEC and Havering (one of the NHS trusts) will bring a part-time PhD student funded by Havering to the department.


Some academic research is the product of directly commissioned consultancy work. These do not always appear on the RA4 but are often projects with practical impact and also have enhanced the research environment. In 2006-07, consultancy income was used by CCRP to hire a Research Director.


Members of staff received research grants during the assessment period prior to joining the department (as outlined in the impact and user engagement session). While these grants do not appear in the RA4, the outcomes of projects supported by these funds form part of our submission.

Impact and user engagement


The department’s strengths in applied and policy-relevant research have led to visible collaborations with non-academic agencies. Apart from the two centres (discussed in their own sections):


Ben-Gad appeared on television with BBC World, Channel 1 (Israel) and the Academic Channel, on radio for Galei Zahal (Israel) and was interviewed in print by Agencia EFE (Spain), the Jewish Telegraphic Agency (USA), L’Isha (Israel), Maariv (Israel), O’Globo Online (Brazil), and Yeted Ne’eman (Israel). In 2005 his research on immigration was the subject of an article in the Financial Times. He has lectured in numerous public forums in Israel on economic policy, and the economic aspects of national security; written op-ed articles for the Ha’aretz daily and served as an economic expert in Zanzibar, part of a foreign aid project sponsored by the Israel Ministry of Foreign Affairs. He received grants from the Israel Science Foundation (NIS 144,000), the Samuel Ne'eman Foundation (joint with Y. Ben-Haim, NIS 25,000), and the Edelstein Foundation for Population Research ($8,000).


Iori was awarded by the European Central Bank the Lamfalussy fellowship (10k, 2003). Her work has been supported by the EPSRC Fast Stream Grant for the project ‘Complexity in Economic Networks’ (GR/R22629/01, £65k, 2001-2002); and by the Cost P10, Physics of Risk action funded by the ESF (10k). She gave talks to the Bank of England, the European Central Banks, the Cleveland Fed, and Man Investments, and was a keynote speaker at the Royal Bank of Scotland Quantitative Trading Symposium (June 2004).


Montes-Rojas worked on several consultancies for the World Bank, Poverty Reduction and Economic Management (PREM) and Latin American countries (LAC). He was also a consultant for the Office of the Chief Economist of the LAC Region at the World Bank.


Olmo is a member of a team who received two grants from the Spanish Government (SEC01-0890, €96k and SEJ2004-04101, €130k) and was awarded a travel grant of $700 by NSF to attend the NBER/NSF Time Series Conference in Iowa, September 2007. He was an advisor and referee to the FSA for a project on measurement of market cleanlines.



National/international collaborations and visibility


We maintain a strong network of national and international collaborations, some of which were described in the research group section. Additionally, Banal-Estañol collaborates with M. Ottaviani (LBS), J. Seldeslachts (WZB) and D. Meloso (Caltech); Ben-Gad with the Samuel Neaman Institute, Technion-Israel Institute of Technology and with Dan Peled (Haifa) and Yakov Ben-Haim (Technion); Coto-Martinez with P. Levine (Surrey) and H. Dixon (Cardiff); Denis with the Centre for Philosophy of Natural and Social Science at LSE, where he was visiting research fellow in 2004-2005 and is a Centre Research Associate; Jofre-Bonet with the Centre de Recerca d’Economia de la Salut of Barcelona, and with J. Sindelar, S. Busch and T. Falba of Yale School of Public Health;  Iori with D. Farmer (Santa Fe Institute), with C. Chiarella (UTS Sydney) and several groups of researchers in Italy including regular visits to the International Centre for Theoretical Physics in Trieste; Jafarey with S. Lahiri (SIU) and P. Rupert (UC Santa Barbara) and as a regular visitor to the Lahore University of Management Science; Olmo with Jesus Gonzalo at Carlos III.


The department hosts the Health Economists’ Study Group (HESG), the European Economics and Finance Society (EEFS), of which Asteriou is the Secretary-General and Pilbeam the Treasurer, and the UK chapter of the International Economics and Finance Society (IEFS) of which Pilbeam is the President and Asteriou the Treasurer.


Since 2001, the department has hosted conferences of the Association of Heterodox Economics (AHE); the Society for Non-linear Dynamics and Econometrics (SNDE); the International Health Economics Association (IHEA) and the IEFS; plus a joint colloquium of the UK HESG and the French Collège des Économistes de la Santé (CES) and a number of CCRP workshops.


Since 2001 we have presented papers at over 120 international conferences - one quarter as invited speakers.


As previously indicated, our seminar programme attracts well-known speakers that have included Miguel Delgado (Carlos III), Neil Rankin (Warwick), Alistair McGuire (LSE), Paul Levine (Surrey), John Driffill (Birkbeck) and Sanjeev Goyal (Cambridge).



Distinguished visitors: The department invites distinguished economists to address audiences representing a cross-section of London’s academia, industry and the public sector. Recent guests include Professor Marthe Gold (February 2006) and Professor Joe Stiglitz, who gave City’s annual Birley Lecture (September 2006). In 2006, City University also conferred an honorary doctorate on Anna Schwartz (NBER), and she delivered a master-class to staff and PhD students.



Esteem indicators


Prizes and awards: Olmo (early career researcher): first prize (900 euros), best paper, young researchers, “Symposium in Extreme Value Analysis: Theory and Practice”, Aveiro (Portugal), 2004; Montes-Rojas (early career researcher): Brems Graduate Research Award (2006); best research paper, Department of Economics, University of Illinois.


Keynote talks: Banal-Estañol: International Network for Economic Research conference in Competition Policy in Network Industries, London, October 2005; Iori: Conference on Applications of Physics in Financial Analysis 3, London, December 2001.


Public lectures: Devlin: 2005 City Insights lecture and will deliver a series of public lectures in 2008 as a Distinguished Visitor at Auckland University, New Zealand; Jafarey: panel discussion on child labour at University of Manchester, April 2005.


Editorial boards: Iori: Associate Editor, Journal of Economic Behaviour and Organization; Pilbeam: Member, editorial board, The International Journal of Financial Services  Management; Denis: Guest Editor, special issue, International Review of Economics of Education (to appear in 2009). 


Conference organization: Denis: helped organize 7th and 8th annual AHE conferences, London, July 2005 and 2006 respectively; Iori: co-organized the 3rd Conference on Complex Behaviour in Economics, Aix en Provence, May 2006; regularly serves on scientific/programme committees of international conferences; Iori and Jafarey: local organisers of the 13th meeting of the SNDE, London, March 2005; Jafarey: key organizer, South and Southeast Asia Econometrics Society meetings, Lahore, December 2002; Jofre-Bonet: invited on the scientific committee of the IHEA meeting, Athens, 2008; Parkin: local organiser of the IHEA meeting, London, 2001 and the HESG-CES joint colloquium, London, 2001, joint organiser of first and second Franco-British Health Economics meetings, Paris, January 2004 and London, January 2006. Pilbeam and Asteriou: organised on behalf of the IEFS-UK, the Pan-European Conference in Thessaloniki, Greece May 2001, the European Conference, Heraklion, Greece, May 2002, the 4th Annual Conference, London, November 2003 and "European Integration: Real and Financial Aspects” Bologna, Italy, May 2003. 


Refereeing: All members of staff regularly act as referees for top economics journals and some also act as referees for funding organisations:  Iori: grant evaluator for the EPSRC, British Council, Italian Consiglio Nazionale delle Ricerche (CNR), European Commission (programmes NEST and Marie Curie); Jafarey: refereed for Leverhulme Trust; Devlin and Parkin: refereed for the ESRC and the MRC, Cubbin for ESRC. Ben-Gad: member, economics committee, Israel Science Foundation, referees for Maurice Falk Institute, the Pinhas Sapir Institute, Samuel Neaman Institute, Israel Ministry of Trade and Industry, Open Society Institute, U.S. National Science Fund. 


Professional memberships: Cubbin: Member, Competition Commission and Fellow, Royal Society of Arts; Devlin and Parkin: elected members of Executive Committee, EuroQol Group (2004 - present); Devlin: Senior Associate, King’s Fund. Iori: member, London Mathematical Society, member, steering committee of the Physics in Finance group, Institute of Physics, Ben-Gad: member, Board of Directors, Israel Economics Association.