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Associate Professor Tigran Melkonyan

Associate Professor Tigran Melkonyan

Associate Professor of Economics

4466

+44 (0) 1392 724466

Streatham Court 0.52

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.

Research

Research interests

  • 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.

Key publications | Publications by category | Publications by year

Key publications


Melkonyan T, Chambers RG (In Press). Buy Low, Sell High: Price Gaps and Neoclassical Theory. Journal of Mathematical Economics, 45(11), 720-729.
Melkonyan T, Pingle M (2010). Ambiguity, pessimism, and rational religious choice. Theory and Decision, 69(3), 417-438. Abstract.  Full text.
Chambers RG, Melkonyan T (2009). Smoothing preference kinks with information. Mathematical Social Sciences, 58(2), 173-189. Abstract.
Chambers R, Melkonyan T (2008). Eliciting beliefs. Theory and Decision, 65(4), 271-284. Abstract.

Publications by category


Journal articles

Melkonyan T, Chambers RG (In Press). Buy Low, Sell High: Price Gaps and Neoclassical Theory. Journal of Mathematical Economics, 45(11), 720-729.
Chambers RG, Melkonyan T (In Press). Food Scares in an Uncertain World. Journal of the European Economic Association Full text.
Melkonyan T, Pingle M (2010). Ambiguity, pessimism, and rational religious choice. Theory and Decision, 69(3), 417-438. Abstract.  Full text.
Chambers RG, Melkonyan T (2009). Smoothing preference kinks with information. Mathematical Social Sciences, 58(2), 173-189. Abstract.
Hueth B, Melkonyan T (2009). Standards and the regulation of environmental risk. Journal of Regulatory Economics, 36(3), 219-246. Abstract.
Chambers R, Melkonyan T (2008). Eliciting beliefs. Theory and Decision, 65(4), 271-284. Abstract.
Chambers RG, Melkonyan T (2007). Degree of imprecision: Geometric and algorithmic approaches. International Journal of Approximate Reasoning, 45(1), 106-122. Abstract.
Hueth B, Melkonyan T (2004). Quality measurement and contract design: Lessons from the North American sugarbeet industry. Canadian Journal of Agricultural Economics, 52(2), 165-181. Abstract.
Hueth B, Melkonyan T (2003). Voting over efficient decision rules in budget-balanced organizations. Journal of Economic Behavior and Organization, 51(2), 279-301. Abstract.
Kilkenny M, Melkonyan T (2002). Local fiscal strategy to retain heterogeneous firms. Journal of Regional Science, 42(4), 753-771. Abstract.

Conferences

Hueth B, Melkonyan T (2004). Identity preservation, multitasking, and agricultural contract design.

Publications by year


In Press

Melkonyan T, Chambers RG (In Press). Buy Low, Sell High: Price Gaps and Neoclassical Theory. Journal of Mathematical Economics, 45(11), 720-729.
Chambers RG, Melkonyan T (In Press). Food Scares in an Uncertain World. Journal of the European Economic Association Full text.

2010

Melkonyan T, Pingle M (2010). Ambiguity, pessimism, and rational religious choice. Theory and Decision, 69(3), 417-438. Abstract.  Full text.

2009

Chambers RG, Melkonyan T (2009). Smoothing preference kinks with information. Mathematical Social Sciences, 58(2), 173-189. Abstract.
Hueth B, Melkonyan T (2009). Standards and the regulation of environmental risk. Journal of Regulatory Economics, 36(3), 219-246. Abstract.

2008

Chambers R, Melkonyan T (2008). Eliciting beliefs. Theory and Decision, 65(4), 271-284. Abstract.

2007

Chambers RG, Melkonyan T (2007). Degree of imprecision: Geometric and algorithmic approaches. International Journal of Approximate Reasoning, 45(1), 106-122. Abstract.

2004

Hueth B, Melkonyan T (2004). Identity preservation, multitasking, and agricultural contract design.
Hueth B, Melkonyan T (2004). Quality measurement and contract design: Lessons from the North American sugarbeet industry. Canadian Journal of Agricultural Economics, 52(2), 165-181. Abstract.

2003

Hueth B, Melkonyan T (2003). Voting over efficient decision rules in budget-balanced organizations. Journal of Economic Behavior and Organization, 51(2), 279-301. Abstract.

2002

Kilkenny M, Melkonyan T (2002). Local fiscal strategy to retain heterogeneous firms. Journal of Regional Science, 42(4), 753-771. Abstract.

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.

Modules

2015/16

Information not currently available