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David Myatt

Professor of Economics


BSc (LSE), DPhil (Oxford & Nuffield College)

David P Myatt is Professor of Economics at the London Business School. He engages in academic research in both economics and political science, he teaches across the School’s degree programmes, and he supervises and mentors doctoral and post-doctoral researchers at the School and elsewhere. He has previously served the School as Chair of the Economics Subject Area, and as Deputy Dean for Degree Education.


Amongst other positions David is also: the Academic President of London Business School’s Dubai Centre; an Associate Member of Nuffield College, Oxford; a Visiting Fellow of Trinity College, Oxford; and a Research Fellow of the Centre for Economic Policy Research. He was educated at the London School of Economics, at the Massachusetts Institute of Technology, and at the University of Oxford. Prior to moving to the School he held various academic positions within the University of Oxford, including Fellowships of St Catherine’s College and Nuffield College.


David’s academic research uses the tools of game theory (the analysis of strategic decision-making) applied to both economics and political science. In economics his research includes the study of advertising, marketing, and product design strategies; in political science, his work includes theories of leadership, voting, and executive performance. His research articles have been published in the top journals in economics (including the American Economic Review and the Review of Economic Studies) and in political science (including the American Political Science Review and the American Journal of Political Science). His most recent research papers in political science have reported the game-theoretic analysis of protest voting, voter turnout, and strategic voting; and his recent research in economics has revealed the properties of optimal product-line prices and the determinants of product-line structure.


In an editorial capacity, David is currently Co-Editor of the RAND Journal of Economics, Co-Editor of the Quarterly Journal of Political Science, an Associate Editor of the Journal of Economic Theory, and serves on multiple editorial boards and within scientific associations.

At London Business School, David’s award-winning teaching has ranged across the full portfolio of degree programmes. Within EMBA Managerial Economics, he teaches tools for output choice and pricing in markets where businesses seek to exploit their market power; within the elective Thinking Strategically he uses the tools of game theory to analyse strategic decision-making; and also participates in the School’s Global Business Experience programme.

David also has experience in executive education, including a long term as Senior Tutor of the sixty-year-old Oxford University Business Economics Programme. In his consulting activities, David has advised clients on competition policy, auction strategy, business organization, talent management, and various aspects of the regulatory environment.

2018

Determinants of product lines

Johnson J P; Myatt D P

Rand Journal of Economics 2018 Vol 49:3 p 541-573

Information use and acquisition in price-setting oligopolies

Myatt D P; Wallace C

Economic Journal 2018 Vol 128:609 p 845-886

2016

A theory of protest voting

Myatt D P

Economic Journal 2016 Vol 127:603 p 1527-1567

2015

Cournot competition and the social value of information

Myatt D P; Wallace C

Journal of Economic Theory 2015 Vol 158:B p 466-506

Playing for the winning team : selection, performance, and the longevity of organizations

Dewan T; Myatt D P

London Business School Review 2015 Vol 26:1 p 20-23

The properties of product-line prices

Johnson J P; Myatt D P

International Journal of Industrial Organization 2015 Vol 43 p 182-188

2014

Central bank communication design in a Lucas-Phelps economy

Myatt D; Wallace C

Journal of Monetary Economics 2014 Vol 63 p 64-79

2012

Dynamic government performance: Honeymoons and crises of confidence

Dewan T; Myatt D P

American Political Science Review 2012 Vol 106:1 p 123-145

Endogenous information acquisition in coordination games

Myatt D P; Wallace C

Review of Economic Studies 2012 Vol 79:1 p 340-374

On the rhetorical strategies of leaders: Speaking clearly, standing back, and stepping down

Dewan T; Myatt D P

Journal of Theoretical Politics 2012 Vol 24:4 p 431-460

2010

The declining talent pool of government

Dewan T; Myatt D P

American Journal of Political Science 2010 Vol 54:2 p 267-286

2009

Evolution, teamwork, and collective action: Production targets in the private provision of public goods

Myatt D P; Wallace C

Economic Journal 2009 Vol 119:534 p 61-90

2008

An evolutionary analysis of the volunteer’s dilemma

Myatt D P; Wallace C

Games and Economic Behavior 2008 Vol 62:1 p 67-76

The qualities of leadership: Direction, communication, and obfuscation

Dewan T; Myatt D P

American Political Science Review 2008 Vol 102:3 p 351-368

When does one bad apple spoil the barrel? An evolutionary analysis of collective action

Myatt D P; Wallace C

Review of Economic Studies 2008 Vol 75:2 p 499-527

2007

Collective action: current perspectives

Myatt D P

in Durlauf S N and Blume L E, eds., The new Palgrave dictionary of economics, 2007

Leading the party: coordination, direction and communication

Dewan T; Myatt D P

American Political Science Review 2007 Vol 101:4 p 825-843

On the theory of strategic voting

Myatt D P

Review of Economic Studies 2007 Vol 74:1 p 255-281

Scandal, protection, and recovery in the cabinet

Dewan T; Myatt D P

American Political Science Review 2007 Vol 101:1 p 63-77

2006

Multiproduct Cournot oligopoly

Johnson J P; Myatt D P

Rand Journal of Economics 2006 Vol 37:3 p 583-601

On the simple economics of advertising, marketing, and product design

Johnson J P; Myatt D P

American Economic Review 2006 Vol 96:3 p 756-784

2005

Evolution of teams

Myatt D P; Wallace C

in Gold N, ed., Teamwork: an interdisciplinary perspective, 2005 Palgrave MacMillan

2004

Adaptive play by idiosyncratic agents

Myatt D P; Wallace C

Games and Economic Behavior 2004 Vol 48:1 p 124-138

2003

A multinomial probit model of stochastic evolution

Myatt D P; Wallace C

Journal of Economic Theory 2003 Vol 113:2 p 286-301

Multiproduct quality competition: fighting brands and product line pruning

Johnson J P; Myatt D P

American Economic Review 2003 Vol 93:3 p 748-774

2002

Assessment: games and coordination

Myatt D P; Hyun S S; Wallace C

Oxford Review of Economic Policy 2002 Vol 18:4 p 397-417

Equilibrium selection and public-good provision

Myatt D P; Wallace C

Oxford Review of Economic Policy 2002 Vol 18:4 p 446-461

Sophisticated play by idiosyncratic agents

Myatt D P; Wallace C

Journal of Evolutionary Economics 2002 Vol 13:3 p 319-345

Tactical coordination in plurality electoral systems

Fisher S D; Myatt D P

Oxford Review of Economic Policy 2002 Vol 18:4 p 504-522

EMBA Dubai


  • EMBA Dubai Managerial Economics AUT14 & SPR15


EMBA London


  • EMBA London Managerial Economics AUT14 & SPR15

  • Thinking Strategically AUT14

  • Nobel Thinking SUM15

Research Interests

  • In economics: game theory, macroeconomic coordination and theoretical industrial organisation
  • In political science: voting, leadership and executive performance