[2] His research includes the study of intellectual property and endogenous growth in dynamic general equilibrium models, the endogenous formation of preferences, social norms and institutions, learning in games, and game theory applications to experimental economics.
Collaborating with Michele Boldrin, Levine examines the role of increasing returns in growth and innovation.
This theory concludes that existing claims for the necessity of intellectual property in the process of growth and innovation are greatly exaggerated.
They argued that while learning theories cannot provide detailed descriptions of non-equilibrium behavior, they act as a useful tool in understanding which equilibria are likely to emerge.
His analysis of experimental anomalies explores some of the limitations of the standard economic model of self-interested individuals.