Unsustainable developments include :

Car ownership and road transport: environmentally unsustainable

Leverage & derivatives trading in advanced economies:leading to systemic risk and collapse

Pensions in advanced economies with aging populations:

Sheri Markose has pioneered a research agenda in Economics and Finance that is based on a perspective of markets as complex adaptive systems. She has a special research interest in modelling negative externalities from economic and social behaviour whether they are in the form of financial contagion which arises from excessive risk from leverage or environmental degradation, carbon emissions and road congestion relating to over use of non-renewable resources.




Link to PPT Slides of Markose Talk for Climate4Media British Council Sponsored Regional Workshops for Green Road Transport 26-30 July 2010


Sheri was the lead researcher on the UK Foresight Office of Science and Technology 2006 Intelligent Infrastructure Systems project on designing green and intelligent infrastructure to reduce negative externalities from road transportation in city centres.




Sheri has also contributed to the RSA discussions on how personal carbon trading, analogous to carbon trading to reduce carbon emissions by industry, may effectuate behaviour change in the household sector. In 2007 (Jan 11-12), Sheri co-organized one of the first regional conferences, the so called Essex Congestion and Carbon Conference, which covered topics on Design and Public Policy: Markets for Congestion and Carbon Trading. This format which brings together regional business, government/policy makers and academics along with those at a national and international level was followed up at the East Yorkshire and Humberside Climate Conference in May 2008 . Sheri is also spearing heading research on the digital mapping of transition from high carbon to low carbon in economies using multi-agent models which moves away from oversimplified and reduced form economic models on climate change where static parameters are meant to proxy for complex dynamics in society relating to carbon abatement innovation and adoption .


Markose Slides on Agent Based Modelling for Digital Mapping of Economy from High Carbon to Low Carbon





2005 Office and Science and Technology Foresight Directorate: Intelligent Infrastructure Project Final Report :
Intelligent Charging: Smart Market Protocols for Road Transport 497kb
Applying agent-based modelling to investigate a possible congestion solving technology.


•Markose S., Alentorn A., Koesrindartoto D., Allen P., Blythe P. and Grosso S., 2007,  “A smart market for passenger road transport (SMPRT) congestion: An application of computational mechanism design ”, Journal of Economic Dynamics and Control , Volume 31, Issue 6, June 2007, Pages 2001-2032 ,  ISSN: 0165-1889.


2010 Asian Development Bank(