Edinburgh Research Explorer

Prof Tim Worrall


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Willingness to take Ph.D. students: Yes

Economic Theory, Economics of Information, Contract, Theory, Economic Dynamics

Education/Academic qualification

Doctor of Philosophy (PhD), Univ Liverpool
Labour Contact Theory
Master of Economics, University of Essex
Bachelor of Economics, University of Liverpool



Educated at Liverpool and Essex Universities and graduated with a PhD in Economics from Liverpool University in 1983. Previously a member of Professor Frank Hahn's ESRC project on Risk, Information and Quantity Signals in Economics at Cambridge University 1983-85 and part of the DFG Sonderforschungsbereich 178 on the Internationalization of the World Economy at Konstanz and Kiel Universities, 1987-1990. Also Assistant Professor at the University of Western Ontario, Reading University and Liverpool University, Professor of Economics at Keele University 1996-2008 and Hallsworth Research Fellow in Political Economy at the University of Manchester, 2008-2011.

Research Interests

My principal research interests (with corresponding JEL classification) are: Game Theory and Bargaining Theory (C7) • Market Structure and Pricing (D4) • Information and Uncertainty (D8) • Intertemporal Choice and Growth (D9) • Consumption, Saving, Production, Employment and Investment (E2) • Financial Markets (G1) • Corporate Finance and Governance (G3) • Regulation and Industrial Policy (L5). My main areas of current research are in limited commitment, principal-agent problems and contract theory, risk and uncertainty and network design.

Research students

Current Students:

  • Aodi Tang (Edinburgh), submitted 2017.
  • Sikandar Soin (Edinburgh), started 2016.
  • Pongpalin Yingchoncharoen (Edinburgh), started 2016.

Former Students

  • Rongyu Wang (Post Doctoral Fellow, Wilfrid Laurier University, Canada), graduated Edinburgh University, 2016.
  • Sareh Vosooghi (Postdoctoral Fellow, St Edmund Hall, Oxford), graduated Edinburgh University, 2016
  • Vasco Filipe de Figueiredo Alves (Lectuer in Economics, University of Coventry), graduated Edinburgh University, 2016.
  • Michael King, graduated University of Manchester, 2011.
  • Ioannis Lazopoulos (Lecturer in Economics, University of Surrey), graduated Keele University, 2006.
  • Alex Dickson (Senior Lecturer in Economics, University of Strathclyde), graduated Keele University, 2005.
  • Svetlana Andrianova (Reader in Economics, University of Leicester), graduated London South Bank University, 2001.



My primary teaching interests are in economic theory, industrial organisation, game theory, asset pricing, derivatives and risk management.

Research outputs

  1. Dynamic relational contracts under complete information

    Research output: Contribution to journalArticle

  2. Stochastic stability of monotone economies in regenerative environments

    Research output: Contribution to journalArticle

  3. Sustainable Intergenerational Insurance

    Research output: Contribution to conferencePaper

View all (24) »

Research activities & awards

  1. National Bureau of Economic Resesarch Summer Institute

    Activity: Participating in or organising an eventParticipation in conference

  2. Society for the the advancement of Economic Theory

    Activity: Participating in or organising an eventParticipation in conference

  3. Society for Economic Dynamics

    Activity: Participating in or organising an eventParticipation in conference

View all (23) »

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