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Royal Society of Canada, Fellow In econometrics, my research interests include structural estimation, finite mixture model Jamie McCasland is an Assistant Professor in the Vancouver School of Economics. I am originally from Buenos Aires, Argentina, and I obtained my Ph.D. from Northwestern University in Evanston, Illinois, USA. In equilibrium, sellers use a mixed strategy with the support consisting of a countable number of prices. He's a nice and smart guy but not very helpful when it comes to teaching. I've obtained my PhD from Yale University in 2014. September 16, 2022 . You'll take courses like "Poverty and Inequality," "Economics of Technological Change," and "Economics of Public Choice.". Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). Each year, about 15 applicants enter the program. ", Celik, Gorkem & Peters, Michael, 2011. A certified English translation must accompany transcripts issued in languages other than English. but also where they bid. Michael Peters is the worst prof I have ever had at UBC. Privacy Policy. ", Andrea Attar & Eloisa Campioni & Gwenal Piaser & Uday Rajan, 2012. Also a correction for an example that appeared in the paper. We expect all applicants to have a demonstrated ability to undertake advanced studies and independent research. Michael Peters & Sergei Severinov, 2008. Its a real hassle to prepare for his exams unless you are a hardcore econ student.. Matching by Luck or Search: Evidence from the Executive Labor Market with Pai Xu and Kun Li Jan 2014), Reciprocal Relationships and Mechanism Design with Gorkem Celik to appear in the Canadian Journal of Economics, 2015, A Brief Survey of ideas in the Competing Mechanisms literature written for the Handbook of Market Design. The tl;dr version is that it's not a major for everyone but if you love to learn a way of thinking that can be applied to a humongously large class of issues in a systemic way, Economics is for you. processors during June and July of 2001 on eBay. In addition to my teaching in the UBC History Department, I am also chair of the Latin American Studies program (2022-2025). English language proficiency requirements. UBC undergraduate students from any field can sign up and receive invitations to one of our experiments. ", Andrea Attar & Eloisa Campioni & Gwenal Piaser, 2017. Pre-Marital Investment Game: Addendum an existence proof for the general version of the game. Quick Facts Faculty Faculty of Arts I received my PhD from the University of Western Ontario and have been a Professor of Economics at UBC since then. I am a sessional lecturer at the Vancouver School of Economics, and I currently teach a variety of undergraduate courses in the areas of microeconomic theory, econometrics and industrial organization. Officer for Baltic Sea Cooperation Free and Hanseatic City of Hamburg - Senate Chancellery Hermannstrae 15 20095 Hamburg Germany Tel. International Student Advisors are Regulated Canadian Immigration Consultants (RCICs) or Regulated International Student Immigration Advisors (RISIAs) who can help support you in your experience as a UBC international student. At the Experimental Lab at the Vancouver School of Economics (ELVSE), researchers in economics and the social sciences can study decision-making in a controlled setting. I am particularly interested in understanding gender inequality and discrimination. ", Attar, Andrea & Campioni, Eloisa & Mariotti, Thomas & Pavan, Alessandro, 2021. Dissertations completed in 2010 or later are listed below. However, the lectures are highly confusing, non-cohesive, and stray far away from his notes. Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. kat graham and ian somerhalder relationship; wet stone polisher harbor freight; how to transfer nft from coinbase wallet to metamask; colorado state university pueblo volleyball Published in Econometrica 69 (5) pp 1349--1372 September 2001. I am an Associate Professor in the Vancouver School of Economics. Directed Search for Differentiated Goods (2012), CAIDA: UBC ICICS Centre for Artificial Intelligence Decision-making and Action, Promoting Excellence in Graduate Programs, Supporting Student Development and Success. Score reports that are more than five years old are not accepted. Working together to help you achieve your goals - whether you are investing for yourself, your family, your business or your organization - We . Our computer lab consists of 24 workstations connected over a local network. Peters, Michael & Troncoso-Valverde, Cristian, 2010. ", Xiaoming Cai & Pieter A. Gautier & Ronald P. Wolthoff, 2016. Letters sent by email or fax are not acceptable. ", Davoodalhosseini, Seyed Mohammadreza, 2019. Professor email Michael.Devereux@ubc.ca phone 604 827 3137 location_on Iona Building 208 launch Personal Website Research Area International Economics | Macroeconomics About I have been at UBC since 1992, and currently I am a Professor in the Vancouver School of Economics. 3 Work on the problem set and go to see TA to check your answers. ", Eeckhout, Jan & Kircher, Philipp, 2010. Original, official transcripts and degree certificates will be required once applicants are offered admission. People. This allows to link your profile to this item. "Many economic frameworks and partnerships try to address small slices of the issue. My research interests are in political economy, economic development, economic history, cultural economics, and international trade. If you are in the class to complete a requirement and do well on the exam, take it with someone else. Michael Peters We study an incomplete information game in which players are in-volved in a reciprocal relationship that allows them to coordinate their actions by contracting among themselves.. Michael Price is a Professor of Economics, a Research Associate at the National Bureau of Economic Research and a Research Associate at the Environmental and Resources Department at RWI - Leibniz Institute for Economic Research. 1 carreira acadmica; 2 Ativismo e envolvimento da comunidade; ", Attar, Andrea & Campioni, Eloisa & Piaser, Gwenal, 2013. Thanks everybody. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. I use economic tools to study topics in education, crime, and labour. These publicly-accessible collections are constantly growing and reflect the research interests of the UBC community and beyond. Yoram Halevy and Michael Peters, "Behavioral Bargaining" (2017). I taught at UBC for 20 years before going to the UK to become the Leverhulme Professor of Industrial Economics at the University of Warwick. As a consequence, matching markets will be characterized by kind of mismatch of worker and firm types. ELVSE conducts internet-based experiments as well, and we often conduct experiments in other locations on campus. ", Eeckhout, Jan & Sepahsalari, Alireza, 2021. I am a Professor at the Vancouver School of Economics at the University of British Columbia. Between 1880 and 1920, the US agricultural employment share halved from 50% to 25%. You never know what you are supposed to be learning. Initially buyers are equally uncertain about the characteristics of sellers' goods and no differentiation exists. This is the extended working paper version of the paper that appeared in the Journal of Political Economy Common Agency and The Revelation Principle in postscript or acrobat. I am a professor emertius in the Vancouver School of Economics at the University of British Columbia in Vancouver, Canada. The main predictions are that lower worker types should have a larger variance of lifetime income than high types do, and that there should be a limit on the auto correlation of lifetime income. confident that population density leads to higher productivity and there is a large empirical literature in urban economics that provides evidence for this to be the case. I am Senior Fellow of the Bureau of Research and Economic Analysis of Development (BREAD). Abysmal. Arts by the numbers. I obtained my PhD from Universitat Pompeu Fabra and the European Doctoral Program in 2015. He is definitely smart. But Ole Peters . I obtained my Ph.D. from the University of Pennsylvania. In 2022 I earned a dual PhD in Economics and MSc in Computational Science from Florida State Unive My main research area is in labor economics. CEPR, Research Associate $35M. I obtained my PhD from the IIES at Stockholm University, Sweden. A minor in economics is open to students enrolled in any college. A correction for one of the conditions used to prove the General contact details of provider: http://www.economics.ubc.ca/ . When information is complete, this characterization provides a folk theorem. Read more Regional Research Area My current research is focused on evolutionary approaches to property rights. My main area of interest is in International Macroeconomics and International Finance. Macroeconomics Development Economics Growth. During the application period (January to March), the turn-around time for emails is about 5 to 6 business days. He has also served in many roles outside his Faculty, including service as a member of UBC's Vancouver Senate for 17 years, and as Special Advisor to the Deputy Vice Chancellor of UBC Okanagan for two years. Equilibrium price dispersion exists and equilibrium allocation is constrained inefficient due to price dispersion. On the applied side, I have a keen interest in operations of water markets in developing nations, their further desi My primary research area is applied development economics with a focus on micro-level informal and formal institutions. Michael PetersVancouver School of Economics Please note that some of our experiments are not conducted in the lab. I also show that changes in reserve prices affect not only the distribution of valuations of participants but also the probability with which every bidder visits the auctions. My research is in both theoretical and applied econometrics. 1633 Ellis Street Suite 410 Kelowna, BC V1Y 2A8 Map. never use slides or computer, just handwriting. How many applications do you receive each year, and how many applicants enter the program? As in natural sciences, lab experiments allow researchers to study specific problems in a controlled environment. or acrobat. NBER, Research Associate Reddit and its partners use cookies and similar technologies to provide you with a better experience. Photocopies of test scores are not acceptable. He totally leaves you unprepared for the exam. Yes problems sets without answer key is a major downside, you cannot reasonably prepare for exams simply with a first year calculus background - which is a bit unfair because students who have a stronger math background will simply do better because exam questions were often more about applied math problems than they were really about economics. With small degrees of differentiation, sellers use a pure strategy. Early this spring, cIRcle celebrated passing the 70,000 open access item mark. My current research project involves evaluating different school choice mechanisms. ", Daz, Antonia & Jerez, Beln & Rincn-Zapatero, Juan Pablo, 2022. Students at the University of British Columbia receive Canada's largest Science, Technology, Engineering and Math (STEM . ", Attar, Andrea & Campioni, Eloisa & Mariotti, Thomas & Piaser, Gwenal, 2021. There are few resources to rely on. Michael Peters from Yale will present "Spatial Structural Change". The practice problems he gave us were not helpful when studying for the exam and to be able to solve such problems given only his lectures is absurd.Avoid. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Maureen Chin (email available below). I am a professor emeritus in the Vancouver School of Economics at The University of British Columbia. ", Kyle Bagwell & Robert W. Staiger, 1997. I provide a novel characterization of the set of participation rules and show that contrary to results in models with homogeneous goods, bidders' selection of trading partners is non random. Fro Dr. Ashok Kotwal passed away in April 2022, after teaching at UBC for almost 40 years. I am particularly interested in criminal justice reform. 2019-2020 was a year of milestones for cIRcle, UBC's Research Repository. I received my PhD from the Univer My work focuses on topics in international finance and macroeconomics, as well as development economics, with a particular focus on India. Do the questions on the workbook and read the text, you'll get a good mark! Professor | Director of Undergraduate Studies, Professor | Director, Vancouver School of Economics. and our The MA program receives approximately 600 applications in a typical year. This prof is horrible. School of Library, Archival and Information Studies professor Luciana Duranti has been awarded the Jacob Biely Faculty Research Prize, and Prof. Jorg Bohlmann of the Michael Smith Laboratories and Departments of Forest Science and Botany has received the Charles A. McDowell Award for Excellence . University of British Columbia With our award-winning faculty and world-class facilities, we bring together the best of quantitative research, humanistic inquiry, and artistic expression under one umbrella to advance a better world. Gotta use direct r Marit Rehavi is an Associate Professor in the Vancouver School of Economics and a Fellow of the Institutions, Organization and Growth group at the Canadian Institute for Advanced Research. Applicants that choose to include a GRE score as part of their application must have written the GRE in the last five years. The statement should be no longer than two pages, and you must format it according to the following parameters: You are required to pay a non-refundable application fee. You must submit a statement of intent with your application. We show that spatial technology diffusion and catch-up growth played a key role for this pattern. I have been a visitor at many universities in North America, Europe and Asia. ", Epstein, Larry G. & Peters, Michael, 1999. Explore our research arrow_right_alt. My main area of research is empirical industrial organization and market design. ", Cristian Bartolucci & Francesco Devicienti, 2013. I lecture at the Vancouver School of Economics and Sauder School of Business, University of British Columbia (UBC). UBC Library's Open Collections include digital photos, books, newspapers, maps, videos, theses and more. A one-semester course in intermediate macroeconomics (equivalent to ECON 302 at UBC): knowledge of income and employment theory, economic growth, monetary economics, the open economy, business cycle theory, intertemporal choice theory, choice under uncertainty. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. How many students in your program are successful in obtaining financial support? J Blaum, C Lelarge, M Peters. I am also interested in applied econometrics, specifically in methods concerning the study of matched employer-employee datasets. At My primary teaching areas at VSE are Macroeconomics, Econometrics, International Trade, and International Finance. & Wolthoff, Ronald P., 2017. The point is to characterize the evolution of wage outcomes over time. I am an Associate Professor of Teaching in the Vancouver School of Economics at the University of British Columbia in Vancouver, Canada. I obtained my Ph.D. from MIT in Cambridge, MA, USA. Clearly he's been teaching a while now so lectures can be a bit fast at times. (250) 717-8135. I am a Professor Emeritus in the Vancouver School of Economics and an Associate of the Institute for Oceans and Fisheries at the University of British Columbia. , Edit: These have been some really great responses! Cookie Notice You can add any other experiences if you want. Today my work focuses on problems in development economics, with a particular interest in Political Economy. Since 2012 I am a member of the Human Capital and Economic Opportunity Working Group within the Becker-Friedman Institute at the University of Chicago. When. Researchers at ELVSE may conduct experiments in the field or online. The Master's (MA) program in the Department of Asian Studies offers a thesis-based MA degree to students working in a variety of regions and disciplines. ". Verified email at yale.edu. He is patient and helpful but sometimes he went through a bit fast. The practice problems generally weren't like the exam questions. My hobbies are playing soccer and shopping. You can read a In addition, the 'type' information recovered from the data can be used to increase the explanatory power of the wage equation by up to 22 percentage points relative to what is is accomplished using observable characteristics alone. She has experience with field experiments in Kenya, Uganda, South Africa, and Ghana. I obtained my Ph.D. from the University of California in Berkeley, California, USA. main theorem. We do accept students without economics degrees. The primary result of that paper, which is reproduced here, is that workers use random application strategies when they are searching for new jobs. Since 2011, he has served as co-editor of the Canadian Tax Journal. Journal of Theoretical Economics, Sellers' Implicit Collusion in Directed Search Markets, On competing mechanisms under exclusive competition, On Competing Mechanisms under Exclusive Competition, Two-sided communication in competing mechanism games, Strongly robust equilibrium and competing-mechanism games, Competing Mechanisms, Exclusive Clauses and the Revelation Principle, General Competing Mechanisms with Frictions, Peters, Michael & Szentes, Balazs, 2009. Please note that there is a 6-12 month delay to add the latest dissertations. Professor of economics at the University of Geneva with research interests in labour economics, economics of education and applied microeconomics. In addition to courses, MA students are required to complete a thesis and present their research in their MA2 year at our annual PsychFest conference held in May. I am a sessional lecturer in the Vancouver School of Economics and an analyst in the Statistics Canada Research Data Center Great stories. Exams are definitely not fair given what was lectured/taught. We offer training in a wide range of theoretical, empirical, and policy-related fields. Evan Calford, "Ambiguity Aversion in Game Theory: Experimental Evidence" (2015). a problem-focused and curiosity-driven interdisciplinary research institute and graduate program, with interest and expertise in a wide range of topics under the realm of environment and sustainability. I study industrial policy and industrialization, both past and current. ", Guido Menzio & Irina Telyukova & Ludo Visschers, 2016. TA is going to be your best buddy. Michael Peters. Note that we do not accept the GMAT as a substitute for GRE scores. Common Agency and The Revelation Principle in postscript In My Applications, you can also find information about your references and your reference requests' status. I received my PhD from the University of California Berkeley in 2016. Economics Department, Yale University. kat graham and ian somerhalder relationship; wet stone polisher harbor freight; how to transfer nft from coinbase wallet to metamask; colorado state university pueblo volleyball In particular, I study how alternative work arrangements impact the labor market outcomes of both firms and workers. My main research area is economic history, with particular emphasis on Early Modern Spain. Michael Peters, Yale. & Wolthoff, Ronald P., 2016. If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form . His research focuses on bioeconomics, marine ecosystem valuation and the analysis of global issues such as fisheries subsidies, marine protected areas, illegal fishing, climate change, marine plastic pollution, and oil spills. ", Attar, Andrea & Campioni, Eloisa & Piaser, Gwenal, 2017. A list of these countries is available on the Faculty of Graduate Studies website. I use a range of empirical tools to study questions related to environmental externalities, climate change, and natural resources. I'm a Professor in Economics, and a Faculty Research Fellow at the National Bureau of Economic Research. ", Gene M. Grossman & Elhanan Helpman & Philipp Kircher, 2013. Great professor, the course is trully wonderful, study hard and you will do well (but dont give up if the marks on the midterms are not high, there will be scalling at the end). All admitted PhD students receive a minimum funding of $22,000 of financial support in years 1 through 4. Where. Our computer lab consists of 24 workstations connected over a local network. Michael Peters Abstract This paper provides a set of mechanisms that we refer to as emph {reciprocal mechanisms. interesting material but a little bit disorganized. We award admission only to the most qualified applicants. You must have taken the test within the last two years, and an official test score report ordered from the testing agency is required. http://montoya.econ.ubc.ca/mike/folk_theorem.pdf, Mechanism Design by an Informed Principal, Reciprocity, non-discrimination and preferential agreements in the multilateral trading system, Reciprocity, Non-discrimination and Preferential Agreements in the Multilateral Trading System, Common Agency and the Revelation Principle, Common agency and public good provision under asymmetric information, Observable Contracts as Commitments: Interdependent Contracts and Moral Hazard, Journal of Economics & Management Strategy, Mechanism Games With Multiple Principals and Three or More Agents, A Revelation Principle for Competing Mechanisms, A Revelation Principle For Competing Mechanisms, A Mechanism Design Approach to the Tiebout Hypothesis, A mechanism design approach to the Tiebout hypothesis, A mechanism design approach to the Tiebout Hypothesis, PSE-Ecole d'conomie de Paris (Postprint), Codes of conduct, private information and repeated games, Codes of conduct, private information, and repeated games, Codes of Conduct, Private Information and Repeated Games, Feasibility and individual rationality in two-person Bayesian games, Private communication in competing mechanism games, On Private Communication in Competing Mechanism Games, Private Communication in Competing Mechanism Games, Observable Strategies, Commitments, and Contracts, Quasi Ex-Post Equilibrium in Competing Mechanisms, A folk theorem for Bayesian games with commitment, Keeping the Agents in the Dark: Private Disclosures in Competing Mechanisms, Competing mechanisms and folk theorems: Two examples, Competing Mechanisms and Folk Theorems: Two Examples, Reciprocal relationships and mechanism design, Canadian Journal of Economics/Revue canadienne d'conomique, Reciprocal Relationships and Mechanism Design, Information Revelation in Competing Mechanism Games, Competing mechanisms with multi-unit consumer demand, Contractible contracts in common agency problems, LSE Research Online Documents on Economics, Competing mechanism games of moral hazard: communication and robustness, Competing Mechanism Games of Moral Hazard: Communication and Robustness, Implicit collusion in non-exclusive contracting under adverse selection, Journal of Economic Behavior & Organization, Implicit Collusion in Non-Exclusive Contracting under Adverse Selection, Common agency with informed principals: Menus and signals, Common Agency with Informed Principals: Menus and Signals, Repeated Contracting in Decentralised Markets, Competing Mechanisms: Theory and Applications in Directed Search Markets, Robust Equilibria in General Competing Mechanism Games, On the Revelation Principle and Reciprocal Mechanisms in Competing Mechanism Games, Sellers Implicit Collusion in Directed Search Markets, The B.E. V6T 1L4 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. He teaches courses in economics and statistics. I was born in Quebec City and obtained my Ph.D. from Princeton University. Want to participate in an economics experiment? Contedo. Two-semester course in intermediate microeconomics (equivalent to, A one-semester course in intermediate macroeconomics (equivalent to, Two-semester course in statistics and econometrics (equivalent to, Two-semester course in calculus (equivalent to, 12-point Times New Roman or similar professional font. ", Lavi, Ron & Shamash, Elisheva S., 2022. January 17, 2023. So you have no direction as to whether or not you are going in the right direction when it comes time to study. I did my Ph.D. in Finance fro My work at UBCs Vancouver School of Economics reflects a life-long interest in questions about human behavior, social structures, disparities in economic outcomes, and the course of history. He's also a great lecturer! Aloysius Siow, revised March 2001. ", Ludo Visschers & Irina A. Telyukova & Guido Menzio, 2010. 1, 2007 Biely, McDowell, Somerset and Black Awards Announced. But it changes The material was interested but what was expected was not only unclear and too much. It has been our experience that students find an undergraduate-level course in linear algebra extremely useful, particularly in the econometrics course. When requesting a correction, please mention this item's handle: RePEc:ubc:pmicro:michael_peters-2013-18. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. Last Revised: 2010-08-24 14:18:45 -0700 (Tue, 24 Aug 2010)(Revision: 2), Reciprocal Contracting Last Revised: 2015-03-09 15:20:07 -0700 (Mon, 09 Mar 2015)(Revision: 201) to appear in the Journal of Economic Theory, A Folk Theorem for Competing Mechanisms - with Christian Troncoso Valverde, Journal of Economic Theory 148(3) pp 953-973, 2013, Definable and Contractible Contracts - with Balazs Szentes, Econometrica 80(1) pp 363--411, 2012, Equilibrium Rejection of a Mechanism - with Gorkem Celik, Last Revised /web/htdocs/mike/equilibrium_rejection/equilibrium_rejection.pdf apparently not under version control(Revision /web/htdocs/mike/equilibrium_rejection/equilibrium_rejection.pdf), Foundations of Hedonic Equilibrium :A Bayesian Approach, Other Regarding Preference: Outcomes, Intentions or Interdependence, with Yoram Halevy , previously titled The Ultimatum Game; Interdependent Preferences in an Experimental Setting, Unobservable Heterogeneity in Directed Search, Non-Cooperative Foundations of Hedonic Equilibrium July 2004, The Pre-Marital Investment Game February 2004, Revised December 2005. My research interests are in labour economics and public economics. Michael Blake Professor Emeritus email tmblake@mail.ubc.ca Research Area Geographic Region: Canada/Northwest Coast | Geographic Region: Latin America/Caribbean | Research Interest: History, law, communities | Research Interest: Indigenous knowledge, environment, landscapes | Research Interest: Lifeways, deathways, ritual About And the practice problems he gives you have no solutions nor are they particularly helpful for the exam. ", repec:ebl:ecbull:v:5:y:2008:i:7:p:1-7 is not listed on IDEAS, Cristian Bartolucci & Francesco Devicienti, 2012. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Research. I have extensively worked on understanding how the political Hutu elites orchestrated the Rwandan Genocide. ", Ludo Visschers & Irina Telyukova & Guido Menzio, 2011. My research interest is in international macroeconomics, financial economics, and information economics with a particular focus on the role of coordination failures and financial frictions. Unfortunately, he is clearly very apathetic and not invested in our success. Each year, about 50 applicants enter the program. I also have a part ti W. Craig Riddell is Professor Emeritus, Vancouver School of Economics, UBC. ", Allen Head & Amy Hongfei Sun & Chenggang Zhou, 2016. A minimum of 30 credits of coursework is required, including core program courses, graduate statistics, and breadth courses within Psychology; exact requirements vary by research area. ", Grossman, Gene M. & Helpman, Elhanan & Kircher, Philipp, 2013. ", Attar, Andrea & Campioni, Eloisa & Mariotti, Thomas & Piaser, Gwenal, 2019. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation. In between, I had substantial stays at Drew University and the London School of Economics. To check your application status and provide new information or updated documentation, please log in to My Applications. My research has a particular focus on the dynamics of social and economic networks and market design in the digital economy. New Publication: The unprecedented Pacific Northwest heatwave of June 2021. Undergraduate degrees and grading systems differ widely across countries. ", Attar, Andrea & Campioni, Eloisa & Piaser, Gwenal, 2018. These contracts are required to be representable in a formal language. He has also taught at York University, University of New Brunswick in Saint John, and Concordia. Experimental Lab At the Experimental Lab at the Vancouver School of Economics (ELVSE), researchers in economics and the social sciences can study decision-making in a controlled setting.