ECONtribute: Markets & Public Policy, a joint initiative of the Universities of Bonn and Cologne, is 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. The Cluster consists of more than 40 researchers, organized in nine Research Areas. The ECONtribute Network promotes two-way knowledge exchange between researchers and policymakers. All research activities are organized under the roof of the Reinhard Selten Institute (RSI).
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.