On December 10th, 2019 the European Research Council (ERC) announced the winners of the latest “Consolidator Grants” competition.

Consolidator grants are awarded to researchers who defended their PhD thesis 7-12 years ago, before the year of the call. The funding is destined to allow them to build up their teams and to further the impact of their research.

The project “Equilibrium Methods for Resource Allocations and Dynamic Pricing” (EQUIPRICE) submitted by affiliated faculty member Alfred GALICHON, is one of the 43 projects selected for France.

For this particular round, the ERC received 2 453 proposals, out of which approximately 12% will be funded.

It is the 14th time that one of the Department’s faculty members has been awarded an ERC grant in less than 10 years. And this is the second time that Professor Galichon has been awarded a prestigious ERC grant: in 2013 he was awarded an ERC “Starting grant” for his project "ECOMATCH. Matching Markets: Theoretical and Empirical Investigations" and completed in 2017. Alfred Galichon was also awarded a National Science Foundation (NSF) Grant in 2017 for his project “Optimal and equilibrium transport: theory and applications to economics and data science”.

Alfred GALICHON is a Professor of Economics and of Mathematics at NYU as well as the Director of NYU Paris and an affiliated faculty member of the Department.

His research interests span widely across theoretical, computational and empirical questions and include econometrics, microeconomic theory and data science. He is one of the pioneers of the use of optimal transport theory in econometrics, and the author of Optimal Transport Methods in Economics, published in 2016 by Princeton University Press, as well as of an open-source statistical software implementing these techniques, TraME. Alfred Galichon has earned international recognition for his research: he has co-invented vector quantile regression, affinity estimation and the mass transport approach. He is one of the early contributors to optimal martingale transport theory and to equilibrium transport theory.

EQUIPRICE is perfectly aligned with this last contribution: it seeks to “build an innovative economic toolbox (ranging from modelling, computation, inference, and empirical applications) for the study of equilibrium models with gross substitutes, with applications to models of matching with or without transfers, trade flows on networks, multinomial choice models, as well as hedonic and dynamic pricing models.” Not only will it explore applications in the fields of labour economics, family economics, international trade, urban economics, industrial organisation, etc. but it will touch upon other disciplines. It will propose “new ideas in applied mathematics, offer new algorithms of interest in computer science and machine learning, and provide new methods in other social sciences (like sociology, demography and geography).”

Read more about the EQIPRICE Project
Consult the ERC’s press release

More about Alfred GALICHON and his research