ECONtribute: Markets & Public Policy, a joint initiative of the Universities of Bonn and Cologne, will be funded as a Cluster of Excellence in the German Excellence Strategy. The goal of the Cluster is to advance a new paradigm for the analysis of markets & public policy in light of fundamental societal and technological challenges. All research activities will be organized under the roof of the RSI. The ECONtribute Network will be established to promote two-way knowledge exchange between researchers and policymakers.
The Cluster takes account of new objectives, such as procedural fairness, social responsibility and morale, which go beyond traditional notions of economic efficiency and welfare.
The Cluster employs and advances new tools, developed, for example, in experimental economics, market and mechanism design or computer science.