Mathematical Institute, University of Oxford
Marco Pangallo is a PhD student in Mathematics at the University of Oxford, supervised by Prof. Doyne Farmer. Marco is also part of the Complexity Economics group of the Institute for New Economic Thinking at the Oxford Martin School. Prior to starting his PhD, he obtained a master degree in Physics of Complex Systems from the University of Turin, Italy.
Marco has broad research interests at the intersection of economics and the interdisciplinary science of complex systems, spanning the theoretical-empirical spectrum. In his PhD thesis, he takes an interdisciplinary approach to understanding the stability of equilibria in game theory. Since the lack of equilibrium assumptions is one of the defining features of complexity economics, this project seeks to provide a theoretical foundation for non-equilibrium models. On a more applied side, Marco has also been working on housing markets. One of his works in this strand of research is an Agent-Based Model specifically designed to study the relation between income segregation, house prices and income inequality. Another work is the empirical analysis of a large dataset of housing ads. This analysis shows that clicks on ads are a good proxy of housing demand, and combines ideas from machine learning and econometrics to investigate the causal impact of prices on demand.
Marco blogs on complexity economics at http://www.marcopangallo.it/blog/.
Residential income segregation: A behavioral model of the housing market
01 Mar 19
We represent the functioning of the housing market and study the relation between in- come segregati...
Best reply structure and equilibrium convergence in generic games
20 Feb 19
We show that best reply cycles, basic topological structures in games, predict nonconvergence of six...
Home is where the ad is: online interest proxies housing demand
09 Nov 18
In this paper we investigate if online interest can be used as a proxy of housing demand, a key yet ...
No. 2017-07 - Best reply structure and equilibrium convergence in generic games
17 Mar 18