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The Department of Institutional, Environmental and Experimental Economics of the Faculty of Economics and Public Administration at the University of Economics, Prague was founded in 2006. It is an international department, with about a third of its core faculty members coming from abroad. The research agenda of the faculty members spans between institutional economics, law and economics, energy economics, experimental economics and psychology. They regularly publish in international peer-reviewed journals.

The Department organizes a weekly Research Seminar Series in which academics from around the world present their new research. The Department also runs the Laboratory of Experimental Economics, a state-of-the-art facility for experimental research.