logo   Edinburgh School of Economics

József Sákovics

October 2019

School of Economics

The University of Edinburgh

31 Buccleuch Place

Edinburgh, EH8 9JT

United Kingdom

Phone: +44-(0)131-650-3840

Fax: +44-(0)131-650-4514

E-mail: Jozsef dot Sakovics at ed dot ac dot uk

Personal Webpage: http://homepages.econ.ed.ac.uk/~sakovics/


  • Ph.D. in Business/Decision Sciences (1990) Graduate School of Business, Stanford University. Advisors: Robert Wilson and Faruk Gül.
  • M.Sc. in Operations Research (1989), Stanford University.
  • B.Sc. in Electrical Engineering/System Planning (1986), Technical University of Budapest.

Academic Career

  • Collaborating Researcher, Universitat de les Illes Balears, April 2019 –
  • Professor (Personal Chair in Economic Theory), University of Edinburgh, October 2003 –
  • Reader, University of Edinburgh, June 2000 – September 2003.
  • Associate Professor, Institut d'Anàlisi Econòmica, CSIC, Barcelona. September 1995 – May 2000.
  • Assistant Professor, Institut d'Anàlisi Econòmica, CSIC, Barcelona. September 1991 – August 1995.
  • Research Fellow, CentER, Tilburg, Holland, September 1990 – February 1991.

Visiting Positions

  • Universitat de les Illes Balears, January – March 2018, 2019
  • European University Institute, October 2017
  • UC Santa Cruz, August 2010 – July 2011
  • UC San Diego, July – August 1998
  • Stanford University, March – August 1991.

Research Interests

  • Applied game theory
  • Price formation in decentralised markets
  • Consumer theory

Publications in Refereed Journals

  • “Delay in bargaining games with complete information”, Journal of Economic Theory 59, 78-95 (1993).
  • “Intertemporal transfer institutions” (with Joan Esteban), Journal of Economic Theory 61, 189-205 (1993).
  • “Must sell” (with Luís Cabral), Journal of Economics and Management Strategy 4(1), 55-68 (1995).
  • “The war of attrition with incomplete information” (with Clara Ponsatí), Mathematical Social Sciences 29, 239-254 (1995).
  • “Multi-person bargaining over two alternatives” (with Clara Ponsatí), Games and Economic Behavior 12(2), 226-244 (1996).
  • “Reserve prices without commitment” (with Roberto Burguet), Games and Economic Behavior 15(2), 149-164 (1996).
  • “Costly transfer institutions and the core in an overlapping generations model” (with Merwan Engineer and Joan Esteban), Journal of Economic Behavior and Organization 32(2), 287-300 (1997).
  • “Sequential auctions with supply or demand uncertainty” (with Roberto Burguet), Revista Española de Economía 14(1), 23-40 (1997).
  • “Rubinstein bargaining with two-sided outside options” (with Clara Ponsatí), Economic Theory 11, 667-672 (1998).
  • “Imperfect competition in auction designs” (with Roberto Burguet), International Economic Review 40(1), 231-247 (1999).
  • “Delegated bargaining and renegotiation” (with Helmut Bester), Journal of Economic Behavior and Organization 45, 459-473 (2001).
  • “Games of incomplete information without common knowledge priors,” Theory and Decision 50, 347-366 (2001). (Reprinted in Game Theory in the Tradition of Bob Wilson (B. Holmstrom, P. Milgrom and A. Roth eds.) May 2002, Berkeley Electronic Press, www. bepress.com/wilson/)
  • Walras retrouvé: decentralized trading mechanisms and the competitive price,” (with Gianni De Fraja) Journal of Political Economy 109(4), 842-863 (2001).
  • “Randomly available outside options in bargaining” (with Clara Ponsatí), Spanish Economic Review 3(4), 231-252 (2001).
  • “Speculating against an overconfident market” (with Jordi Caballé), Journal of Financial Markets 6(2), 199-225 (2003).
  • “Auctions for split-award contracts” (with Martin Perry), Journal of Industrial Economics 51(2), 215-242 (2003).
  • “Mediation: Incomplete information bargaining with filtered communication” (with Xavier Jarque and Clara Ponsatí), Journal of Mathematical Economics 39(7), 803-830 (2003).
  • “Olson vs. Coase: coalitional worth in conflict,” (with Joan Esteban) Theory and Decision 55(4), 339-357 (2003).
  • “A dynamic theory of hold-up,” (with Yeon-Koo Che), Econometrica 72(4), 1063-1103 (2004).
  • “Inter-league competition for talent vs. competitive balance,” (with Frédéric Palomino) International Journal of Industrial Organization 22(6), 783-797 (2004).
  • “A meaningful two-person bargaining solution based on ordinal preferences,” Economics Bulletin 3(26), 1-6 (2004).
  • “Collective versus individual sale of television rights in league sports,” (with Sonia Falconieri and Frédéric Palomino) Journal of the European Economic Association, 5(2), 833-862 (2004). Appeared in Italian in Rivista di Diritto ed Economia dello Sport, 1(3), 67-88 (2005).
  • “A Decentralized Market for a Perishable Good” (with Ahmed W. Anwar) B.E. Journal of Theoretical Economics, 7(1) (Contributions), Article 7 (2007). Available at: http://www.bepress.com/bejte/vol7/iss1/art7.
  • “Queues, not just mediocrity: Inefficiency in decentralized markets with vertical differentiation” (with Clara Ponsatí) International Journal of Industrial Organization, 26 (4), 998-1014 (2008).
  • “A theory of agreements in the shadow of conflict: The genesis of bargaining power” (with Joan Esteban) Theory and Decision, 65, 227-252 (2008).
  • “Reference distorted prices” Quantitative Marketing and Economics, 9 (4), 339-363 (2011).
  • “Exclusive Nightclubs and Lonely Hearts Columns: Non-monotone Participation in Optional Intermediation” (with Gianni De Fraja) Journal of Economic Behavior and Organization , 84, 618-632 (2012).
  • “Who matters in coordination problems?” (with Jakub Steiner) American Economic Review, 102 (7), 3439-61 (2012).
  • “Revealed Cardinal Preference” Economic Theory Bulletin, 1 (1), 39-45 (2013).
  • “Spillovers of equal treatment in wage offers” (with Kohei Kawamura) Scottish Journal of Political Economy, 61(5), 487-501 (2014).

Other Publications

  • “Utilization profiles and bottleneck analysis for wafer fabrication facilities,” (with Anne Spence) Technical Report, Center for Integrated Systems, Stanford University, October 1987.
  • “Bargaining in a changing environment” (with Clara Ponsatí) invited paper in A. Alkan, C.D. Aliprantis and N.C. Yannelis (eds.) Current Trends in Economics, Springer Verlag, 389-404 (1999).
  • “Hold-up problem” (with Yeon-Koo Che) invited entry to the 2nd Edition of the New Palgrave Dictionary of Economics (2008).

Currently Submitted Work

Work in Progress

  • “Block sourcing” (with Lluís Bru and Daniel Cardona)
  • “Beating Coase at Monopoly” (with Lluís Bru and Daniel Cardona)
  • “Affirmative action and optimal procurement” (with Lluís Bru and Daniel Cardona)
  • “Head-on competition and advance sales” (with Lluís Bru)
  • “Competing in Corporate Social Responsibility” (with Aleix Calveras)
  • “Disciplining the information designer” (with Ina Taneva)
  • “The fallible G.O.D. refinement”

Editorial Services

  • Bulletin of Economic Research (2000 – 2009), Associate Editor
  • Spanish Economic Review (2004 – 2006), Associate Editor
  • Journal of Industrial Economics (2006 – 2011), Associate Editor
  • Journal of Mechanism and Institution Design (2016 – ), Associate Editor.

Journal Refereeing

American Economic Journal: Microeconomics, American Economic Review, Annales d'Economie et de Statistique, B.E. Journal of Theoretical Economics, Canadian Journal of Economics, Econometrica, Economic Inquiry, Economic Journal, Economic Modelling, Economic Theory, Economics Bulletin, Economics of Governance, Economics Letters, European Economic Review, Games and Economic Behavior, International Economic Review, International Game Theory Review, International Journal of Game Theory, International Journal of Industrial Organization, International Review of Economics, Investigaciones Económicas, Journal of Economic Behavior and Organization, Journal of Economic Dynamics and Control, Journal of Economic Psychology, Journal of Economic Surveys, Journal of Economic Theory, Journal of Economics, Journal of Economics and Management Strategy, Journal of the European Economic Association, Journal of Law Economics and Organization, Journal of Mathematical Economics, Journal of the Operational Research Society, Journal of Political Economy, Journal of Public Economic Theory, Journal of Sports Economics, Mathematical Social Sciences, Peace Economics Peace Science and Public Policy, Quantitative Marketing and Economics, Quarterly Journal of Economics, RAND Journal of Economics, Recherches Economiques de Louvain, Review of Economic Design, Review of Economic Studies, Review of Finance, Scandinavian Journal of Economics, Social Choice and Welfare, Theoretical Economics, Theory and Decision.

Other Refereeing

CSF (Czech Republic), ERC (EU), Carnegie Trust and ESRC (UK), ANEP (Spain), OTKA (Hungary), QNRF (Qatar), RGC (Hong Kong), SSHRC (Canada).

Conference Programme Committees

  • The European Association for Research in Industrial Economics Conference, Ljubljana 2009, Istanbul 2010, Stockholm 2011, Rome 2012, Évora 2013, Milan 2014, Munich 2015, Lisbon 2016, Maastricht 2017, Athens 2018
  • The European Economic Association Annual Congress, Madrid 2004 and Amsterdam 2005
  • The European Meeting of the Econometric Society, Berlin 1998, Venice 2002 and Budapest 2007
  • The Royal Economic Society Job Market, 2006 and 2007
  • The XXI Simposio de Análisis Económico, Barcelona, 1996.

Conference and Workshop Presentations (listed alphabetically)

  • (Conference on) Auctions and Markets, Heidelberg (2000)
  • Barcelona Economics Workshop on Auctions (discussant) (2005)
  • CEPR Conference on Market Microstructure, Barcelona (1996)
  • CEPR European Summer Symposium on Economic Theory, Gerzensee (invited participant) (1994, 1995)
  • Econometric Society European Meeting, Brussels (1992), Toulouse (1997) and Budapest (2007)
  • Econometric Society World Congress, Barcelona (1990)
  • ESRC Game Theory Workshop, Kenilworth (1999)
  • European Association for Research in Industrial Economics Conference, Tel Aviv (1993), Rome (2012), Lisbon (2016) and Athens (2018)
  • European Workshop on General Equilibrium Theory, Florence (1991)
  • Game Theory and Related Topics, Pescara (2003)
  • Hungarian Academy of Sciences, Summer Workshop, Budapest (2003)
  • Hungarian Science Club UK, London (2016)
  • Hungarian Society for Economics (invited, plenary lecture) (2009)
  • International Conference on Game Theory, Stony Brook (1992)
  • International Conference on Organizations and Games, Luminy (1990) and Louvain-La-Neuve (1992)
  • International Economic Congress of Central Catalonia, Manresa (1999)
  • International Game Theory Conference in honour of Robert Aumann, Toronto (1995)
  • International Workshop on Game Theory and Politics, Santiago de Compostela (1996)
  • (Meeting of the) Italian Game Theory Society, Milan (1997)
  • Jornadas de Economía Industrial, Palma de Mallorca (2016) and Barcelona (2018)
  • (Mini-conference on) Procurement, Edinburgh (organiser and discussant) (2016, 2017) and Orlando (discussant) (2018)
  • Search and Matching Conference, Edinburgh (poster) (2014)
  • (Workshop honouring Joaquim) Silvestre, Barcelona (2013)
  • Simposio de Análisis Económico, Barcelona (1991, 1992) and Palma de Mallorca (2014)
  • UBC-UHK Summer Micro Seminars, Hong Kong (2013)
  • York Economic Theory Workshop (2013)
  • ZEW Workshop on Market Design (2017)

Guest Lectures

Staff seminars at: UBC [Canada]; Cergy-Pontoise, Fourgeaud Seminar (Paris) and Roy Seminar (Paris) [France]; Bonn [Germany]; Central European University [Hungary]; Ca’ Foscari (Venice), European University Institute (Florence) and U. Padua [Italy]; Amsterdam(CREED), Nijmegen, Rotterdam and Tilburg [The Netherlands]; Universidad Nova de Lisboa [Portugal]; U. de Alicante, U. Autònoma de Barcelona, U. de les Illes Balears, U. Pompeu Fabra, U. Carlos III and U. de Zaragoza [Spain]; Stockholm School of Economics [Sweden]; Birmingham, Bristol, Cambridge, Dundee, Edinburgh, Essex, Exeter, Glasgow, Heriot-Watt, Leicester, Manchester, Newcastle, Queen Mary, St. Andrews, Southampton, Stirling and UCL [UK]; ASU, BU, Stanford, UC Davis, UCLA, UC San Diego and UC Santa Cruz [US].

Grants and Awards

  • Excellence in Refereeing Award 2018, American Economic Review.
  • “Transparency in Procurement” (Principal Investigator), ESRC Research Grant, 2016-2018. Total value: £777,621. In partnership with NHS Scotland.
  • “Exploratory Workshops in Bargaining Theory” (participant), research network financed by the European Science Foundation, 1999-2001. (Coordinator: Clara Ponsatí)
  • “Games and Markets” (Coordinator of the Barcelona group), Human Capital and Mobility research network financed by the EU, 1995-1998. (Coordinator: Helmut Bester.)
  • “Advances in the applied microeconomics of markets and organisations: dynamic competition, strategic interaction and regulation” (participant), research project financed by the Interministerial Commission on Science and Technology (CICYT) of Spain, 1994-1999. (Principal researcher: Xavier Vives.)
  • “Dynamic economies and income distribution” (participant), research project financed by the Interministerial Commission on Science and Technology (CICYT) of Spain, 1991-1994. (Principal researcher: Joan Mª Esteban.)
  • Jean Monnet Post-Doctoral Research Fellowship, the European University Institute in Florence (Awarded in 1990, but did not take it up).
  • Graduate Student Fellow, Stanford Center on Conflict and Negotiation, 1989-1990.

Ph.D. Thesis Supervision

  • Fabrice Rousseau, 1996-1999. Graduated (cum laude) in the International Doctorate in Economic Analysis, Barcelona. First job: Maynooth College.
  • Paolo Balduzzi (co-supervisor) 2002-2005. Successful Viva in November 2005. First job: Milan Bicocca.
  • Fang Yi (second supervisor) 2003-2004, (principal supervisor) 2004-2007. Successful Viva in March 2007. First job: returned to China.
  • Duncan Whitehead (second supervisor) 2003-2008. Successful Viva in November 2008. First job: Scottish Executive.
  • Bruce Teubes (principal supervisor) 2005-2009. Successful Viva (MPhil) in March 2009. First job: Scottish Executive.
  • Alla Doubrovina (second supervisor), 2006-2009. Successful Viva in November 2009. First job: Boston Consulting Group.
  • Sascha Mohr (second supervisor), 2006-2011. Successful Viva in November 2011.
  • Feng Ruan (principal supervisor), 2008-2011. Successful Viva in November 2011. First job: Postdoc at Guosen Securities.
  • James Best (second supervisor), 2009-14. Successful Viva in April 2014. First job: Oxford Postdoc.
  • Kimon Doulis (second supervisor), 2010-2014. Successful Viva in January 2015. First job: Assistant Economist at Department for BIS.
  • Man Si (principal supervisor), 2010(Jan)-2015. Successful Viva in June 2015. First job: Market Researcher at Zalando.
  • Sareh Vosooghi (principal supervisor), 2011-12, (second supervisor) 2013-2016. Successful Viva in May 2016. First job: Tutor at Oxford.
  • Ibrahim Inal (principal supervisor), 2013(Jan)-16. Successful Viva in December 2016. First job: TF at Durham.
  • Steven Kerr (principal supervisor), 2016-2019. Successful Viva in August 2019. First job: ThinkTank Maths.
  • Justus Laugwitz (principal supervisor), 2015-
  • Sean Ferguson (principal supervisor), 2016-2017, (joint supervisor) 2017-

Administrative Experience

  • Interim Head of School: October 2019-
  • Member of the School of Economics REF Committee: 2019-
  • Member of the AHSS College Promotions Committee: 2017
  • Member of the School of Economics Management Committee: 2009-10, August 2011-July 2017
  • Research Director of the School of Economics: August 2013-July 2017
  • Member of the School of Economics Staff Committee: January 2012-July 2017
  • Prepared the REF2014 submission of Unit 18 (Economics and Econometrics) of the UoE.
  • Member of the School of Economics Ethics Committee: September 2012-July 2014.
  • Member of the Executive Committee of the Scottish Institute for Research in Economics (SIRE): July 2012-August 2013.
  • Coordinator of SIRE's Behaviour, Incentives and Contracts Programme: July 2012-August 2013.
  • Member of the School of Economics Research Committee: August 2011- July 2013.
  • Member of the HSS College Promotions Committee: 2010, 2012.
  • School Academic Misconduct Officer: 2009-10.
  • Head of Department: 2008-2009.
  • Chairman of Examiners, Scottish Graduate Programme in Economics: 2007-2008.
  • Prepared the RAE2008 submission of Unit 34 (Economics and Econometrics) of the UoE.
  • Acting Research Director of the Management School and Economics: March-July 2004.
  • Prepared the RAE2001 submission of Unit 38 (Economics and Econometrics) of the UoE.
  • Member of the Executive Committee of the International Doctorate in Economic Analysis of the Universitat Autònoma de Barcelona: 1995-1997.

External Examining of Doctoral Degrees

  • Maria de los Angeles De Frutos, July 94, Universitat Autònoma de Barcelona
  • Albert Burgos, December 95, Universitat Autònoma de Barcelona
  • Daniel Cardona, June 97, Universitat Autònoma de Barcelona
  • Sarah Parlane, September 97, Universitat Autònoma de Barcelona
  • Antonio Quesada, September 99, Universitat Autònoma de Barcelona
  • Giovanni Cespa, November 99, Universitat Autònoma de Barcelona
  • Antoni Cunyat, September 2001, Universitat de Valencia
  • Mercedes Adamuz, December 2002, Universitat Autònoma de Barcelona
  • Nikolaos Lionis, January 2003, University of Bristol
  • Andrew Lilico, April 2003, University of London
  • Beatriz de Otto, July 2003, Universitat Autònoma de Barcelona
  • Mike Armitage, February 2007, University of London
  • Neil Ferguson, August 2012, Heriot-Watt University

Teaching Experience

  • Undergraduate courses in Edinburgh: Intermediate Microeconomics, Economics of Strategic Behaviour, Uncertainty (2nd year), The Economics of Sport.
  • Graduate courses in Barcelona: Industrial Organisation, Game Theory, Topics Course on Bargaining Theory.
  • Graduate course in Edinburgh (Scottish Graduate Programme in Economics): Advanced Topics in Microeconomics.


Fluent in Hungarian, English, Spanish and Catalan. Intermediate level French.