Professor Tim Worrall
Professor of Economics

- School of Economics
- College of Arts, Humanities and Social Sciences
Contact details
- Tel: +44 (0)131 651 5128
- Email: Tim.Worrall@ed.ac.uk
- Web: timworrall.com
- Twitter@timsworrall
Address
- Street
-
Room 2.05
31 Buccleuch Place - City
- Edinburgh
- Post code
- EH8 9JT
Availability
Feedback and Guidance Times (Office Hours - Via Teams or in-person by arrangement):
Wednesday 9.00-10.00 Economics Honours Dissertation Students.
Wednesday 10.00-11.00 Matters relating to UG Board of Examiners.
Thursday 15.00-16.00 Personal Tutees
I'm available at other times too. Please e-mail for an appointment.
Background
Educated at Liverpool and Essex Universities and graduated with a PhD in Economics from Liverpool University in 1983. Previously a member of Professor Frank Hahn's ESRC project on Risk, Information and Quantity Signals in Economics at Cambridge University 1983-85 and part of the DFG Sonderforschungsbereich 178 on the Internationalization of the World Economy at Konstanz and Kiel Universities, 1987-1990. Also Assistant Professor at the University of Western Ontario, Reading University and Liverpool University, Professor of Economics at Keele University 1996-2008 and Hallsworth Research Fellow in Political Economy at the University of Manchester, 2008-2011.
CV

Responsibilities & affiliations
Convenor of UG Examination Boards in Economics
Undergraduate teaching
Introductory Financial Economics
Postgraduate teaching
Asset Pricing (SGPE)
Open to PhD supervision enquiries?
Yes
Areas of interest for supervision
I am available to spervise in the areas of dynamic contract theory, credit and labour markets.
Past PhD students supervised
- Sikandar Soin, Passed, Edinburgh University 2022.
- Aodi Tang (Economist - Scenario Analysis, UBS, London), graduated Edinburgh University 2018.
- Pongpalin Yingchoncharoen (Thammast University, Thailand, graduated with MRes in Economics, Edinburgh University 2018.
- Rongyu Wang (Information Research Institute, Shandong Academy of Sciences, China), graduated Edinburgh University, 2016.
- Sareh Vosooghi (Assistant Professor, University of Leuven, Belgium), graduated Edinburgh University, 2016
- Vasco Filipe de Figueiredo Alves (Lecturer, University of Birmingham), graduated Edinburgh University, 2016.
- Michael King, graduated University of Manchester, 2011.
- Ioannis Lazopoulos (Lecturer in Economics, University of Surrey), graduated Keele University, 2006.
- Alex Dickson (Senior Lecturer in Economics, University of Strathclyde), graduated Keele University, 2005.
- Svetlana Andrianova (Reader in Economics, University of Leicester), graduated London South Bank University, 2001.
Research summary
My principal research interests (with corresponding JEL classification) are: Game Theory and Bargaining Theory (C7) • Market Structure and Pricing (D4) • Information and Uncertainty (D8) • Intertemporal Choice and Growth (D9) • Consumption, Saving, Production, Employment and Investment (E2) • Financial Markets (G1) • Corporate Finance and Governance (G3) • Regulation and Industrial Policy (L5). My main areas of current research are in limited commitment, principal-agent problems and contract theory, risk and uncertainty and network design.
Current research interests
Contract Theory; Risk and Uncertainty; Network Design.-
Self-enforcing wage contracts redux
(29 pages)
In:
Journal of Institutional and Theoretical Economics
Research output: Contribution to Journal › Article (Accepted/In press) -
Optimal Sustainable Intergenerational Insurance
(69 pages)
Research output: › Working paper (Published) -
Currency areas and voluntary transfers
In:
Journal of International Economics, vol. 127, pp. 1-30
DOI: https://doi.org/10.1016/j.jinteco.2020.103390
Research output: Contribution to Journal › Article (Published) -
Portfolio sales and signaling
(10 pages)
In:
Journal of Banking and Finance, vol. 99, pp. 182-191
DOI: https://doi.org/10.1016/j.jbankfin.2018.12.008
Research output: Contribution to Journal › Article (Published) -
Dynamic relational contracts under complete information
(28 pages)
In:
Journal of Economic Theory, vol. 175, pp. 624-651
DOI: https://doi.org/10.1016/j.jet.2018.02.004
Research output: Contribution to Journal › Article (Published)