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University of Exeter Business School

Professor Loukas Balafoutas

Professor Loukas Balafoutas

Head of Department - Economics (Business School) and Professor of Economics – Diversity and Inclusion


 Streatham Court 1.22


Streatham Court, University of Exeter, Rennes Drive, Exeter, EX4 4PU, UK


Loukas joined the School of Economics in 2022. Before that, he was Professor of Experimental Economics at the University of Innsbruck (where he still holds a part-time position). He has held several positions in academic administration, including Head of the Department of Public Finance and chair of the faculty board in Innsbruck. He obtained his PhD in Economics from the University of Edinburgh, has taught in a number of European universities, and also worked for the OECD Development Centre.

Loukas has been one of the co-founders of the Special Research Area on Credence Goods, Incentives and Behavior, based at the University of Innsbruck. He is currently chair of the board of the Diligentia Foundation for Empirical Research, and a board member of the Austrian Economic Association.

His research uses primarily empirical and experimental methods to address diverse topics, related (among others) to determinants of (un)ethical behavior, asymmetric information and markets for credence goods, gender quotas, social norms, and forces that drive social inclusion and exclusion.


PhD (Edinburgh), MSc (Edinburgh), Bachelor (Piraeus), Habilitation (Innsbruck)


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Research interests

  • Experimental and behavioural economics
  • Social and economic inclusion
  • Asymmetric information and credence goods

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External Engagement and Impact

External positions

  • Chair of the Board, Diligentia Foundation for Empirical Research
  • Board member, Austrian Economic Association (NOeG)
  • Chair of Excellence, Ca’Foscari University of Venice (2022)

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I have taught undergraduate and postgraduate courses in Edinburgh, Innsbruck, Cologne, Munich and Athens. Previous courses include intermediate microeconomics, business ethics, experimental economics, competition theory and policy, and managerial economics. In 2023 I will be teaching the course BEEM015, Industrial Economics and Strategy, in the Economics MSc in Exeter.

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