Associate Professor Tigran Melkonyan
Associate Professor of Economics
+44 (0) 1392 724466
Streatham Court, University of Exeter, Rennes Drive, Exeter, EX4 4PU, UK
Professor Melkonyan joined the University of Exeter Business School in 2011. Prior to joining the School he had held faculty positions at the University of Maryland, College Park and University of Nevada, Reno. Professor Melkonyan has also worked as a visiting scholar at the International Monetary Fund.
Professor Melkonyan’s research program covers a number of broad areas including decisions under risk and ambiguity and applied game theory. He has published in Economic Theory, Journal of Mathematical Economics, International Journal of Industrial Organization, Theory and Decision, Journal of Economic Behaviour and Organization, Journal of Public Economic Theory, Review of International Economics, Mathematical Social Sciences, American Journal of Agricultural Economics, Journal of Development Studies, Journal of Regulatory Economics and a number of other journals.
- Decisions under Risk and Ambiguity
- Game Theory
- Industrial Organization
- Resource economics
- International Trade
In his work Professor Melkonyan has developed methods for preference elicitation and applied various non-expected utility models (including models of decision-making under ambiguity and incomplete and reference-dependent preference structures) to examine willingness to pay/willingness to accept gaps, contests, regulation, pollution behaviour, risk communication, the Precautionary Principle and precautionary trade policies, religious choice, and food scares and consumption behaviour. He has also used experimental and naturally occurring data to estimate decision-makers’ perceptions of ambiguity and attitudes toward ambiguity. Another substantial part of Professor Melkonyan’s research agenda is applied game theory. The specific applications include entry deterrence and post-entry competition, public policies designed to jump-start multi-firm industries, contests that are hybrids of “all pay” and “only winner pays” allocation mechanisms, determinants of vertical contractual relationships, international trade under asymmetric information, allocation of decision rights in organizations, and strategic incentives to make remittances and their microeconomic implications.
Publications by category
Publications by year
Professor Melkonyan takes teaching very seriously and enjoys it immensely. He aims to develop students’ ability to understand and think critically about economic dimensions of any given problem. He emphasises the logic and intuition of arriving at conclusions rather than the mechanical memorization of economic concepts. An important aspect of his teaching philosophy is to help students to value and nurture their intellectual curiosity and creativity.
He believes that students will retain more of what they learn in a course when they have some ownership over their learning. To this end, he focuses on active learning and the use of examples to give students the tools to apply the knowledge that they learn in my courses.
At the graduate level, Professor Melkonyan has taught Microeconomics, Choice Theory, Mathematical Economics, and Environmental and Natural Resource Economics graduate courses. At the undergraduate level, he has taught Economics of Management Strategy, Risk and Uncertainty, Environmental and Natural Resource Economics, and Economics of the Food Sector. His teaching interests also include: Game Theory, International Trade, Growth Theory, and Economic Policy.
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