Welcome to the Chair of Microeconomics
The analysis and evaluation of collective action on the one hand and of markets and institutions on the other hand, is based on the understanding of individual decisions and their interactions. Microeconomics thus dedicates whole attention to all social areas, the economy, politics and also private life.
In general, individual decisions should explicitly take the interdependence of individual decisions into account. This is the task of Game Theory. Game Theory, or better Theory of Strategic Decisions, concentrates on the analysis of individual behavior in situations, in which an individual's success in making choices depends on the choices of others.
The Chair of Microeconomics deals with those questions among others, in fields as Auction Theory, Energy Economics, Industrial Organization, Mechanism Design and Evolutionary Game Theory.