Professor Mich Tvede

School of Economics

Professor of Economics

Mich Tvede
Profile picture of Mich Tvede
m.tvede@sheffield.ac.uk
+44 114 222 3324
Room C43, Elmfield Building
Wednesday 11-12, Thursday 11-12

Full contact details

Professor Mich Tvede
School of Economics
Room C43
Elmfield Building
Northumberland Road
Sheffield
S10 2TU
Profile

I joined the University of Sheffield in 2023. Before I have been at the University of East Anglia, Newcastle University, University of Copenhagen and Copenhagen Business School. My research interests lie within economic theory: economic dynamics, general equilibrium with production and market failures, and, networks.

Research interests

My research is within economic theory: economic dynamics; general equilibrium; and, networks.

For economic dynamics my interests has been dynamics properties of equilibria of economic models. Recently, I have studied the effects of monetary policy and optimal fiscal policy.

In general equilibrium I have studied models with production and financial markets. One focus has been on the interaction of individual decisions made by consumers and collective decisions made in firms by shareholders or stakeholders in the presence of market failures such as externalities, incomplete financial markets and imperfect competition. In the presence of market failures it is typically not in the interest of the decision makers in firms to maximize profits. The issue is whether voting among decision makers in firms mitigate the effects of the market failures.

For networks my interest has been on network formation and cost sharing. On the one hand, agents are interested in having an useful network, and, on the other hand, agents wants to minimize costs. There is a tension between networks being useful and being cheap. I have explored whether it is possible to overcome the tension.

Publications

Books

  • Crès H & Tvede M (2021) . Oxford University Press.
  • Tvede M (2010) Overlapping Generations Economies. Red Globe Press.

Journal articles

  • Hougaard JL & Tvede M (2025) . Social Choice and Welfare.
  • Citanna A & Tvede M (2024) . Journal of Economic Theory.
  • Crès H & Tvede M (2023) . Economic Theory, 75, 1181-1205.
  • Hougaard JL & Tvede M (2022) . European Journal of Operational Research, 297(1), 319-324.
  • Gao B & Tvede M (2022) . Review of International Economics, 30(1), 83-112.
  • Crès H & Tvede M (2022) . Journal of Economic Theory, 199.
  • Dietrich D, Shin JK & Tvede M (2020) . Journal of Mathematical Economics, 87, 31-42.
  • Crès H & Tvede M (2018) . European Economic Review, 101, 133-141.
  • Hougaard JL, Moreno-Ternero JD, Tvede M & Østerdal LP (2017) . Games and Economic Behavior, 102, 98-110.
  • Crès H, Markeprand T & Tvede M (2016) . Economic Theory, 62(1-2), 201-219.
  • Hougaard JL & Tvede M (2015) . Journal of Economic Theory, 157, 76-99.
  • Keiding H & Tvede M (2013) . Economic Theory, 54(3), 463-484.
  • Crès H & Tvede M (2013) . Economic Theory, 53(2), 403-424.
  • Hougaard JL & Tvede M (2012) . European Journal of Operational Research, 222(3), 566-570.
  • Hougaard JL & Tvede M (2010) . Operations Research Letters, 38(6), 536-538.
  • Hougaard JL & Tvede M (2010) . NETNOMICS: Economic Research and Electronic Networking, 11(1), 85-102.
  • Balasko Y & Tvede M (2010) . Economic Theory, 45(1-2), 201-225.
  • Balasko Y & Tvede M (2010) . Economic Theory, 45(3), 497-513.
  • Balasko Y & Tvede M (2009) . Journal of Mathematical Economics, 45(5-6), 391-396.
  • Crès H & Tvede M (2009) . Journal of Mathematical Economics, 45(3-4), 212-222.
  • Tvede M & Cr�s H (2005) . Economic Theory, 26(4), 887-906.
  • Koch A & Tvede M (2004) . Complexity, 9(6), 52-56.
  • Ghiglino C & Tvede† M (2004) . Journal of Difference Equations and Applications, 10(5), 463-472.
  • Hougaard JL & Tvede M (2003) . Economic Theory, 21(1), 81-95.
  • Hougaard JL & Tvede M (2002) . European Journal of Operational Research, 137(1), 218-228.
  • Hougaard JL & Tvede M (2001) . Journal of Mathematical Economics, 36(2), 111-115.
  • Tvede M (2001) . Journal of Mathematical Economics, 35(3), 419-425.
  • Crès H & Tvede M (2001) . Mathematical Social Sciences, 41(3), 295-325.
  • Ghiglino C & Tvede M (2000) . Journal of Economic Theory, 90(1), 62-83.
  • Ghiglino C & Tvede M (1997) . Journal of Economic Theory, 75(1), 1-15.
  • Cres H, Ghiglino C & Tvede M (1997) . International Economic Review, 38(2), 465-465.
  • Ghiglino C & Tvede M (1995) . Journal of Economic Dynamics and Control, 19(3), 621-653.
  • Ghiglino C & Tvede M (1995) . Journal of Economic Dynamics and Control, 19(3), 655-661.
  • Ghiglino C & Tvede M (1995) . Economics Letters, 48(3-4), 313-317.
  • Tvede M () . The B.E. Journal of Theoretical Economics, 9(1).

Book chapters

  • Hansen BO & Tvede M (2016) , Trends in Mathematical Economics (pp. 245-262). Springer International Publishing

Working papers

  • Crès H & Tvede M (2025) Existence of majority equilibria with non-ordered preferences. The Sheffield Economic Research Paper Series (SERPS), 2025010.
  • Leth Hougaard J & Tvede M (2025) Implementation of welfare maximizing networks. The Sheffield Economic Research Paper Series (SERPS).

Links