Publications
A5 - Unvollständige Vertragsbeziehungen und die Gestaltung von Residualrechten
Der Einwand rechtmäßigen Alternativverhaltens -Rechtsvergleich, Ökonomische Analyse und Implikationen für die Proportionalhaftung
(English Title: The Doctrine of Proximate Cause -
A Comparative and Economic Approach and its Implications for Proportional Liability), joint with Kristoffel Grechenig – RabelsZ, forthcoming.
Exit Options in Incomplete Contracts with Private Information
R&R from Journal of Economic Theory
Renegotiation-Proof Relational Contracts with Side Payments
R&R from Games and Economic Behavior
War with outsiders makes peace inside
Conflict Management and Peace Science, April 2011, Vol. 28, No. 2, 91-110
Optimal Procurement Contracts with Pre—Project Planning
Review of Economic Studies (2011), 78 (3): 1015-1041
How organizational structure can reduce rent-seeking
Public Choice, October 2010
Standard Breach Remedies, Quality Thresholds, and Cooperative Investments
Journal of Economics, Law & Organization, Vol. 28, 2010
Sticking to Fiscal Plans: The Role of Institutions
Public Choice, 2010, Volume 144, Numbers 3-4, 487-503
Reserve Prices in Auction as Reference Points
Economic Journal, Volume 31, Issue 2, April 2010, Pages 230-240
Incentives for Separation and Incentives for Public Good Provision
Public Choice, 2010, Volume 145, Numbers 3-4, 531-546
Incentives for Separation and Incentives for Public Good Provision
Public Choice, 2010, Volume 145, Numbers 3-4, 531-546
Remedies for Non-Performance
Chapter 3 of Book III of the DCFR from an Economists' Perspective, in Pierre Larouche and Filomena Chirico, Economic Analaysis of the DCFR, Sellier, European Law Publishers
Expectation Damages, Divisible Contracts, and Bilateral Investment
American Economic Review, 2009, 99(4): 1608–18
Legal Damages for Losses of Chances
International Review of Law and Economics, Volume 29, Issue 2, June 2009, Pages 153-160
Erga Omnes Norms and the Enforcement of International Law: Comment
Journal of Institutional and Theoretical Economics, Volume 165, Number 1, March 2009 , pp. 29-32(4)
Does Interbank Borrowing Reduce Risk
Journal of Money,Credit and Banking, Volume 41, Issue 2-3, pages 491–506, March-April 2009
Optimal Auction with Resale - A Characterization of the Conditions
Economic Theory, 2009, Volume 40, Number 3, 509-528
Haftung bei Unsicherheit des hypothetischen Kausalitätsverslaufs – Berechnungsmethoden am Beispiel der Arzthaftung
(English Title: Liability under Uncertain Causation – Calculation of Damages in Medical Malpractice Cases.), Archiv für die civilistische Praxis (AcP), 208. Band, Heft 5, Oktober 2008.
Delegation and Incentives
The RAND Journal of Economics, Vol. 39, No. 3 (Autumn, 2008), pp. 664-682
Financial Frictions, Capital Reallocation, and Aggregate Fluctuations
Journal of Economic Dynamics and Control, Volume 32, Issue 3, March 2008, Pages 978-999
Black Sheep and Walls of Silence
Journal of Economic Behavior and Organization, Volume 65, Issues 3-4, March 2008, Pages 387-408
Exploiting Plaintiffs through Settlement: Divide and Conquer. Comment
Journal of Institutional and Theoretical Economics, Volume 164, Number 1, March 2008 , pp. 27-30(4)
Veto-based Delegation
Journal of Economic Theory, Volume 138, Issue 1, January 2008, Pages 297-307
together with A1
Can Coasean Bargaining Justify Pigouvian Taxation?
Economica, Volume 74, Issue 296, pages 573–585, November 2007
Money Market Pressure and the Determinants of Banking Crises
Journal of Money, Credit, and Banking, Volume 39, Issue 5, pages 1037–1066, August 2007
The Design of fiscal rules and Forms of Governance in the European Union
European Journal of Political Economy, Volume 23, Issue 2, June 2007, Pages 338-359
Budget Processes: Theory and Experimental Evidence
Games and Economic Behavior, Volume 59, Issue 2, May 2007, Pages 279-295
The Future of Economic Regulation of Broadcasting Markets
Cambridge University Press, 2007
Reserve Prices in Auctions as Reference Points
Economic Journal, Volume 117, Issue 520, pages 637–653, April 2007
Herding with and without Payoff Externalities - An Internet Experiment
International Journal of Industrial Organization, Volume 25, Issue 2, April 2007, Pages 391-415
together with C4
Tortious Acts Affecting Markets
International Review of Law and Economics, Volume 27, Issue 1, March 2007, Pages 49-69
What Do Deficits Tell Us About Debt: Empirical Evidence On Creative Accounting With Fiscal Rules in the EU
Journal of Banking and Finance, Volume 30, Issue 12, December 2006, Pages 3259-3279
Universal Possibility and Impossibility Results
Games and Economic Behavior, Volume 57, Issue 1, October 2006, Pages 73-85
Delegation of Authority as an Optimal (In)complete Contract
Journal of Institutional and Theoretical Economics, Volume 162, Number 3, September 2006 , pp. 391-411(21)
Information Gathering, Transaction Costs, and the Property Rights Approach
American Economic Review, Volume: 96, 2006, Pp 422-434
Un conseil de stabilite pour assurer la soutenabilite budgetaire en UEM
Economie et Prevision, Volume: 173, February 2006, Pp 7-25
Macro Fiscal Policies: New Perspectives and Challenges
International Tax and Public, Special Edition, 2006
Financial Liberalization in a Small Open Economy
Open Economies Review, 2006, Volume 17, Numbers 4-5, 373-398
Political Economy of Fiscal Institutions
Barry Weingast and Donald Wittman (eds.): Oxford Handbook on Political Economy, Oxford University Press, 2006
Fisher Body Revisited: Supply Contracts and Vertical Integration
European Journal of Law and Economics, 2006, Volume 22, Number 2, 181-196
The Choice of Exchange Rate Regimes in Transition Economies
Gleb P. Severov (ed.): International Finance and Monetary Policy, 2006
Risk Sharing and Stabilization
Robin Boadway and Anwar A. Shah (eds.): Fiscal Federalism. Washington DC: World Bank, 2006
Cooperative Investments induced by Contract Law
RAND Journal of Economics, The RAND Journal of Economics
Vol. 37, No. 1 (Spring, 2006), pp. 134-145
Are Fiscal Spending Rules Effective
Wirtschaftspolitische Blätter, 2006
Fiscal Rules and Fiscal Performance in the European Union and Japan
Monetary and Economic Studies, Volume: 14(1), 2006, Pp 25-60
Workplace Surveillance, Privacy Protection, and Efficiency Wages
Labour Economics, Volume 12, Issue 6, December 2005, Pages 727-738
Endogenous Punishments in Agency with Verifiable Ex Post Information
International Economic Review, Volume 46, Issue 4, pages 1207–1231, November 2005
Official and De Facto Exchange Rate Regimes in Transition Economies
Economics of Transition, Volume: 13(4), October 2005, Pp 679-703
Should Contractual Clauses that Forbid Renegotiation Always be Enforced?
Journal of Law, Economics, and Organization, Volume: 21, 2005, Pp 315-329
Law and Economics of Obligations
International Review of Law and Economics, Volume 25, Issue 2, June 2005, Pages 209-228
The pure theory of multilateral obligations
Journal of Institutional and Theoretical Economics, Volume: 161, 2005, Pp 239-254
Budgeting Institutions and Public Spending
Anwar A. Shah (ed.): Fiscal Management, World Bank, Public Sector Governance and Accountability Series, Washington DC, 2005
Macroeconomic Adjustment in the New EU Member States
Carsten Detken, Vitor Gaspar, and Gilles Noblet (eds.), The New EU Member States - Convergence and Stability, Frankfurt: European Central Bank, 2005
Fiscal Policy Challenges for EU Acceding Countries
Fritz Breuss and Eduard Hochreiter (eds.), Challenges for Central Banks in an Enlarged EMU, Wien, New York, Springer, 2005
Ökonomische Analyse der Organhaftung
Susanne Kalss (ed.), Vorstandshaftung in 15 europäischen Ländern, Linde Verlag, Wien 95-164, 2005, Pp 95-164
Spieltheorie und Schuldrecht - Der Ersatz reiner Vermögensschäden
Nordrhein-Westfälische Akademie der Wissenschaften, Verlag Ferdinand Schöningh, 2005
Fiscal Policy Challenges for EU Acceding Countries
Susan Schadler (ed.), Euro Adoption in Central and Eastern Europe: Opportunities and Challenges. Washington DC, IMF, 2005
The Choice of Exchange Rate Regimes in Transition Economies
Economic Systems, Volume: 29, 2005, Pp 75-256
The Determination of Capital Controls: Which Role do Exchange Rate Regimes Play
Journal of Banking and Finance, Volume 29, Issue 1, January 2005, Pages 227-248
Herding and Contrarian Behavior in Financial Markets: An Internet Experiment
American Economic Review, Volume: 95(5), 2005, Pp 1403-1426
together with C4
Job Protection Laws and Agency Problems under Asymmetric Information
European Economic Review, Volume 48, Issue 5, October 2004, Pages 1027-1046
The political economy of regionalism
European Economic Review, Volume 48, Issue 3, June 2004, Pages 563-593
Asset Ownership and Contractibility of Interaction
RAND Journal of Economics, Volume: 35(4), 2004, Pp 787-802
Joint Ownership and Incomplete Contracts: The Case of Perfectly Substitutable Investments
Schmalenbach Business Review/Zeitschrift für betriebswirtschaftliche Forschung, Volume: 56(1), 2004, Pp 72-89
Allocating Control in Agency Problems with Limited Liability and Sequential Hidden Actions
RAND Journal of Economics, Volume: 36(2), 2005, Pp 318-336
