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The European Center for Advanced Research in Economics and Statistics (ECARES) is a research center created in 1991 at the Université Libre de Bruxelles (ULB). The broad objective of ECARES is to foster excellence in research and high-quality graduate education in economics, econometrics and statistics.

In close connection with its research activities, ECARES has developed a Doctoral School, which offers internationally competitive, high quality PhD programs in Economics and Statistics and in Quantitative Economics and attracts many first-class European and non-European students. ECARES fellows are leading researchers in a number of fields, including the behavior and organization of firms and markets, international trade, political economy, theory and empirics of household behavior, theory and applications of econometrics, development of nonparametric and robust statistical methods. Many ECARES researchers have received grants from the European Research Council (ERC) and other prestigious prizes and awards. (read more)

Oliver Hart and Bengt Holmström have been awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their work in contract theory. Their contributions were the genesis of an extensive and novel literature. Contract theory quickly found applications in other fields like finance, organization theory, macroeconomics, international trade, industrial organization and political economy.
Both Prize winners are well known to our university, and this Prize holds special meaning for ULB. Oliver Hart was awarded a Honorary Doctorate at our university in 1992 (put forward by the Faculty of Social, Political and Economic Sciences - Solvay Business School, or SOCO). Bengt Holmström was an invited speaker at the 100th anniversary of the creation of the Solvay Business School in 2003. And in June 2011, contract theory was honored again at ULB when ECARES organized an international conference at the Solvay Brussels School in Economics and Management to celebrate the 25th anniversary of Hart's 1986 seminal paper on incomplete contracts. (For a discussion of the motivation of the Prize, including  a reference to the proceedings of this ULB conference - Aghion, Dewatripont, Legros and Zingales, The Impact of Incomplete Contracts on Economics, Oxford University Press - see here.)



As of October 1, 2016, Estelle Cantillon has joined the editorial team of The Economic Journal, the peer-reviewed general interest journal of the UK Royal Economic Society, as Joint Managing Editor. The Economic Journal has a distinguished history in economics, with prominent figures such as Francis Edgeworth and John M. Keynes serving as editors. Today, the journal continues to contribute to the advancement of economic knowledge, independently of the field or approach. For more information on the Economic Journal, see

NEW AT ECARES: The Second web-based course on the economics of regulation of public services delivered at an introductory level aimed at students in economics, public policy but also at practioners who want to get some up-to-date conceptual basis on the issues they have to work on. The viewers will be reminded of when, why and how regulation matters in theory but they will also be exposed to the core tools used in the best practice of regulation…which is not really common in academic courses on the economics of regulation. The tone is informal but analytically solid. Each lecture includes some basic optional math adds-on and skype interviews of regulation specialists. Hope you’ll join us.

Tillmann Heidelk, one of the PhD students of Ecares, was awarded the European Charlemagne Youth Prize for the  project Young European Council (see for more details). This project was conceptualized by the organization Young European Leadership of which Tillmann is one of the founders.