Toan earned his PhD in Economics from the University of Melbourne and is currently a Postdoctoral Research Fellow at the University of Oxford. His interest is at the intersection of mechanism design and cooperative game theory, with a particular interest in incomplete-information market games. His work explores issues such as the impossibility of efficient trade, its relationship to core stability, the selection of trading institutions, and monopoly pricing. His goal is to improve the understanding of how different market rules and structures impact incentive, economic efficiency, and stability.