Professor David Kelsey

MA, MPhil, DPhil Oxon.
Professor of Economics
Telephone: (01392) 262536
Personal webpage: www.people.ex.ac.uk/dk210/ (opens in a new window)
Research Interests
- Decision Theory
- Financial and Economics Applications of Decision Theory
- Theory of the Firm
Taught Modules
- BEE3033 Financial Markets and Decisions I
- BEE3034 Financial Markets and Decisions II
- BEE3037 Industrial Organisation I
- BEEM105 Game Theory and Economic Applications
- BEEM121 Game Theory and Industrial Organisation
External Positions
- Reviewer for a number of economics journals
Selected Publications
- Kelsey, D, Eichberger, J and Schipper, B (2009), ‘Ambiguity and Social Interaction’, Oxford Economic Papers, 61, pp. 355-379.
- Kelsey, D and Milne, F (2008), ‘Market Distortions and Corporate Governance’, Journal of Public Economic Theory, 10, pp. 1115-1141.
- Kelsey, D, Eichberger, J and Schipper, B (2008), ‘Granny Versus Game Theorist: An Experimental Test of Ambiguity in Games’, Theory and Decision, 64, pp. 333-362.
- Kelsey, D, Eichberger, J and Grant, S (2007), ‘Updating Choquet Beliefs’, Journal of Mathematical Economics, 43, pp. 888-899.
- Kelsey, D and Spanjers, W (2004), ‘Ambiguity in Partnerships’, Economic Journal, 114, pp. 528-546.
- Kelsey, D and Eichberger, J (2002), ‘Strategic Complements Substitutes and Ambiguity’, Journal of Economic Theory, 106, pp. 436-466.
- Kelsey, D and Eichberger, J (2000), ‘Non-Additive Beliefs and Strategic Equilibria’, Games and Economic Behaviour, 30, pp. 183-215.
- Kelsey, D and Eichberger, J (1996), ‘Uncertainty Aversion and Preference for Randomisation’, Journal of Economic Theory, 71, pp. 31-43.
- Kelsey, D (1995), ‘The Arbitrage Pricing Theorem with Non-Expected Utility Preferences’, Journal of Economic Theory, 65, pp. 557-574.
- Kelsey, D (1988), ‘The Economics of Chaos’, Oxford Economic Papers, 40, pp. 1-31, Reprinted in F. Hahn (ed.), The Economics of Missing Markets, Information and Games, OUP.
- Kelsey, D (1984), ‘Acyclic Choice without the Pareto Principle’, Review of Economic Studies, LI, pp. 693-699.
For Professor Kelsey’s full publication list, see his website


