Publications
A1 - Allokationsmechanismen in Organisationen und Märkten
Regulatory Risk under Optimal Monopoly Regulation
Economic Journal, Volume 121, Issue 553, pages 740–762, June 2011
War with outsiders makes peace inside
Conflict Management and Peace Science, April 2011, Vol. 28, No. 2, 91-
110
Measuring the Deterrence Effect of Competition Policy: The Competition Policy Indexes
Journal of Competition Law and Economics, 2011, 7 (1): 165-204
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
Sabotage in dynamic tournaments
Journal of Mathematical Economics, Volume 46, Issue 2, 20 March 2010, Pages 179-190
Monopoly Distortions in Durability and Multi-Dimensional Quality
Economic Letters, Volume 105, Issue 3, December 2009, Pages 333-335
Planned Obsolescence as an Incentive Device for Unobservable Quality
Economic Journal, Volume 119, Issue 540, pages 1405–1421, October 2009
Entrepreneurial Financing, Advice and Agency Costs
Journal of Economics & Management Strategy, Volume 18, Issue 3, pages 845–870, Fall 2009
Group Contest Success Functions
Economic Theory, Volume 41, Number 2, 345-357, 2009
Accounting Transparency and the Asset Substitution Problem
The Accounting Review 84 (3), 689 (2009)
Externalities, Communication and the Allocation of Decision Rights
Economic Theory, 2009, Vol. 41(2), pp. 269-296
Delegation and Incentives
RAND Journal of Economics, Vol. 39, No. 3 (Autumn, 2008), pp. 664-682
Ex Post Private Information and Monopolistic Screening
The B.E. Journal of Theoretical Economics, Volume 8, Issue 1, Article 25 (2008)
Contracting with imperfect commitment and noisy communication
Journal of Economic Theory, Volume 136, Issue 1, September 2007, Pages 236-259
The Bologna Process: How student mobility affects multi-cultural skills and educational quality with Lydia Mechtenberg
International Tax and Public Finance, Volume 15, Number 2, 109-130, 2007
Regulating Availability with Demand Uncertainty
German Economic Review, Volume 8, Issue 1, pages 107–121, February 2007
VCG mechanisms and efficient ex ante investments with externalities
Economic Letters, Volume 94, Issue 2, February 2007, Pages 192-196
Equilibria Learning in Simple Contests, Games and Economic Behavior
Games and Economic Behavior, Volume: 59, Issue: 1, Pages: 105-131, 2007
Advertising and Conspicuous Consumption
Journal of Theoretical and Institutional Economics, Volume 162, Number 4, December 2006 , pp. 661-682(22)
Interim Information in Lomg Term Contracts
Journal of Economics and Management Strategy, Volume 15, Issue 4, pages 1041–1067, Winter 2006
Buried in Paperwork: Excessive Reporting in Organizations
Journal of Economic Behavior & Organization, Volume 60, Issue 4, August 2006, Pages 460-470
Message - Contingent Delegation
Journal of Economic Behavior and Organization, Volume 60, Issue 4, August 2006, Pages 490-506
Conflict and the Social Contract
Scandinavian Journal of Economics, Volume: 108, July 2006, Pp 231-249
Deterministic versus Stochastic Mechanisms Principal - Agent Models
Journal of Economic Theory, Volume 128, Issue 1, May 2006, Pages 306-314
Timing of verification procedures: monitoring vs. auditing
Journal of Economic Behavior and Organization, Volume 59, Issue 1, January 2006, Pages 89-107
Ordinary Shares and Managers
Journal of Economics, Volume: 87(1), p.1-14, 2006
Mediation in Situations of Conflict and Limited Commitment
Journal of Law, Economics, and Organization, Volume: 21, 2005, Pp 467 - 500
Easy Targets and the Timing of Conflict
Journal of Theoretical Politics, Volume: 17(2), April, 2005, Pp 199 - 215
together with A2
Honest certification and the threat of capture
International Journal of Industrial Organization, Volume 23, Issues 1-2, February 2005, Pages 45-62
Delay in Contests
European Economic Review, Volume: 48, October, 2004, Pp 1169-1178
together with A2
A2 - Turniere in Organisations- und Steuerungsproblemen
Contest with Investments
Managerial and Decision Economics, forthcoming
Self-enforcing norms and efficient non-cooperative collective action in the provision of public goods
Public Choice (2011), 146 (3-4): 501-520
The market for protection and the origin of the state
Economic Theory, forthcoming
Patriotism, taxation and international mobility
Public Choice, forthcoming
The last refuge of a scoundrel? Patriotism and tax compliance
Economica, forthcoming
Information alliances in contests with budget limits
Public Choice, forthcoming
Fighting multiple tax havens
Journal of International Economics, forthcoming
Are Consumers Fooled by Discounts? An Experimental Test in a Consumer Search Environment
Economic Record , Volume 87, Issue 279, pages 575–586, December 2011
Search costs and corporate income tax competition
Economics Letters (2011), 112(2):213-215
Strategic information acquisition and the mitigation of global warming
Journal of Environmental Economics and Management, Volume 59, Issue 2, March 2010, Pages 206-217
Contests with stochastic abilities
Economic Inquiry, Economic Inquiry, Volume 48, Number 1, January 2010 , pp. 89-103(15)
Volunteering and the Strategic Value of Ignorance
WZB Discussion Paper SPII 2010-17
All Equilibria of the Multi-Unit Vickrey Auction
Games and Economic Behavior, Volume 66, Issue 2, July 2009, Pages 729-741
Multi-battle contests
Games and Economic Behavior, Volume 66, Issue 1, May 2009, Pages 256-274
The alliance formation puzzle and capacity constraints
Economics Letters, Volume 103, Issue 2, May 2009, Pages 84-86
Coalition Politics and Accountability
Public Choice, 2009, Vol. 139(3), pp. 413-428
Repeated Contests with Asymmetric Information
Journal of Public Economic Theory, Volume 11, Issue 1, pages 89–118, February 2009
Strategy and Dynamics in Contests
Oxford University Press, Oxford, 2009
The Alliance Formation Puzzle and Capacity Constraints
Economics Letters, 2009, Vol. 103(2), pp. 84-86
Mercenaries in Civil Wars, 1950-2000
WZB Discussion Paper SP II 2009-05
Private versus complete information in auctions
Economic Letters, Volume 101, Issue 3, December 2008, Pages 214-216
Multi-battle Contests
Games and Economic Behavior, 2009, Volume: 66, Issue: 1, Pages: 256-274
Fragmented Property Rights and Incentives for R&D
Management Science (2008), Volume: 54, Issue: 5, Pages: 969-981
Time consistency and bureaucratic budget competition
Economic Journal, Volume 118, Issue 525, pages 1–15, January 2008
Measuring the Bridging Potential of Voluntary Associations: The Importance of Association Size with H. Coffé
Sociology, 2008, Volume 42(2): 357–369
40 Years of Research on Rent Seeking (Vol.1 and Vol.2)
Springer, 2008
Selection Tournaments, Sabotage, and Participation
Journal of Economics and Management Strategy, Volume 16, Issue 4, pages 943–970, Winter 2007
Succession Rules and Leadership Rents
Journal of Conflict Resolution, August 2007, Vol. 51, No. 4, 622-645
The generalized Stackelberg equilibrium of the all-pay auction with complete information
Review of Economic Design, 2007, Volume 11, Number 2, 165-174
The Merger paradox and why aspiration levels let it fail in the laboratory
Economic Journal, Volume 117, Issue 522, pages 1073–1095, July 2007
Asymmetric conflict: Weakest link against best shot
The Journal of Conflict Resolution, Vol. 51, No. 3 (Jun., 2007), pp. 457-469
Political Fragmentation and Projected Tax Revenues: Evidence from Flemish Municipalities
International Tax and Public Finance, April 2007, Volume 15, Number 3, 297-315
Simultaneous inter- and intra group conflicts
Economic Theory, February 2007, Volume 32, Number 2, 333-352
Contests with Multi-Tasking
Scandinavian Journal of Economics, 2007, Volume 109, Issue 2, Pages 303-319
Rents, Dissipation and Lost Treasures: Comment
Public Choice, 2007, Volume 130, Numbers 3-4, 329-335
FDI and the dark side of decentralisation
Economic Policy, Volume 22, Issue 49, pages 5–70, January 2007
Haftungsbegrenzungen im internationalen Vergleich - Was kann Deutschland lernen?
In: Konrad and Jochimsen (eds.), Der Föderalstaat nach dem Berlin-Urteil, Peter Lang Verlag, 2007, Pp 135-154
Der Föderalstaat nach dem Berlin-Urteil
Peter Lang Verlag, 2007
Ein Ausweg aus der bundesstaatlichen Haftungsverflechtung
In: Konrad and Jochimsen (eds.), Der Föderalstaat nach dem Berlin-Urteil, Peter Lang Verlag, 2007, Pp 155-170
Jenseits von Ausgabenkürzungen - Alternative Optionen zur Haushaltssanierung von Bundesländern: der Fall Berlin
Schmollers Jahrbuch, Volume: 127(2), 2007, Pp 1-37
Finanzkrise im Bundesstaat
2006
Contest with an unknown number of contestants
Public Choice, Vol. 129, No. 3/4 (Dec., 2006), pp. 353-368
Lobbying Contests with Endogenous Policy Proposals
Economics and Politics, Volume: 18(3), 2006, Pp 389-397
Silent interests and all pay auctions
International Journal of Industrial Organization, Volume 24, Issue 4, July 2006, Pages 701-713
Federal tax autonomy and the limits of cooperation
Journal of Urban Economics, Volume 59, Issue 2, March 2006, Pages 317-329
Anreize statt Haushaltsnotlagen
Finanzkrise im Bundesstaat, Konrad, Kai A., und Beate Jochimsen (Hrsg.), 2006, Pp 11-28
Union strategy and optimal direct taxation
Journal of Public Economics, Volume 90, Issues 1-2, January 2006, Pages 393-402
The Political Economy of the German Länder Deficits
Diskussionspapier des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin, Juni, 2005
Easy Targets and the Timing of Conflict
Journal of Theoretical Politics, Volume: 17(2), April, 2005, Pp 199 - 215
together with A1
Moral cost, commitment and committee Size
Journal of Institutional and Theoretical Economics, Volume: 161(4), 2005, Pp 575-588
Bidding in Hierarchies
European Economic Review, Volume: 48, December, 2004, Pp 1301-1308
Delegation in First-price All-pay Auctions
Managerial and Decision Economics, Volume: 25, December 2004, Pp 283-290
Profitable horizontal mergers without cost advantages: the role of internal organization, information and market structure
Economica, Volume: 71, 2004, Pp 575-587
Delay in Contests
European Economic Review, Volume: 48, October, 2004, Pp 1169-1178
together with A1
The investment problem in terrorism
Economica, Volume: 71(283), August, 2004, Pp 449-459
Ökonomische Analsye der exzessiven Verschuldung von Landeshaushalten - am Beispiel der Verfassungswidrigkeit der Berliner Haushalte
Die Offentliche Verwaltung (DOV), Volume: 12, Juni, 2004, Pp 511-517
Geringe Auswirkungen der Osterweiterung auf den Haushalt der Europäischen Union
VBKI Spiegel, Volume: 54(195), Juni 2004, Pp 34-35
Mobilität in mehrstufigen Ausbildungsturnieren
Wolfgang Franz, Hans Jürgen Ramser und Manfred Stadler (Hrsg.), Bildung, Mohr Siebeck, Tübingen, 2004
Merger profitability and trade policy
Scandinavian Journal of Economics, Volume: 106(1), 2004, Pp 107-122
Altruism and envy in contests: an evolutionarily stable symbiosis
Social Choice and Welfare, Volume: 22, 2004, Pp 479-490
Inverse Campaigning
The Economic Journal, Volume: 114, January 2004, Pp 69-83
Ein Urteil und seine Folgen: Ökonomie und Verfassungswidrigkeit des Berliner Haushalts
WZB Mitteilungen , Volume: 104, 2004, Pp 22-25
Strategic trade policy and the home bias in firm ownership structure
Japan and the World Economy, Volume: 15(3), August, 2003, Pp 299-305
In der Schuldenfalle gefangen: Wie konnte es mit Berlin so weit kommen?
Jahrbuch für Wirtschaftswissenschaften/Review of Economics, Volume: 54, 2003, Pp 114-130
A3 - Markt- und Auktionsdesign in komplexen Umgebungen
Coarse matching with incomplete information
Economic Theory, 2011, Volume 47, Number 1, 75-104
Advance-purchase discounts as a price discrimination device
Journal of Economic Theory, Volume 146, Issue 1, January 2011, Pages 141-162
When queueing is better than push and shove
International Journal of Game Theory, 2010, Volume 39, Number 3, 409-430
Learning About The Future and Dynamic Efficiency
American Economic Review, September 2009, Vol. 99(4), pp. 1576–87
Dynamic Revenue Maximization with Heterogenous Objects: A Mechnism Design Approach
American Economic Journal: Microeconomics, August 2009, 1(2): 168–98.
Tournaments with midterm reviews
Games and Economic Behavior, Volume 66, Issue 1, May 2009, Pages 162-190
Efficient tournaments within teams
The RAND Journal of Economics, Volume 40, Issue 1, pages 103–119, Spring 2009
The Theory of Assortative Matching Based on Costly Signals
Review of Economic Studies, 2009, 76 (1): 253-281.
Competing Auctions with Endogenous Quantities
Journal of Economic Theory, Volume 141, Issue 1, July 2008, Pages 1-27
The Roles of Stories in Applying Game Theory
Journal of Economic Methodology (2008), Volume: 15, Issue: 2, Publisher: Routledge, part of the Taylor & Francis Group, Pages: 131-146
Mixed Bundling Auctions
Journal of Economic Theory, Volume 134, Issue 1, May 2007, Pages 494-512
Contests for Status
Journal of Political Economy, 2007, Vol. 115 (2), pp. 338-363
Private Monitoring in Auctions
Journal of Economic Theory, Volume 131, Issue 1, November 2006, Pages 179-211
The Limits of Ex-Post Implementation
Econometrica, Volume 74, Issue 3, pages 585–610, May 2006
License Auctions and Market Structure
Journal of Economics and Management Strategy, Volume 15, Issue 2, pages 371–396, Summer 2006
Equilibria of a Dynamic Global Game: The Role of Cohort Effects
Economic Theory, Volume: 28, 2005, Pp 531-557
Allocative and Informational Externalities in Auctions and Related Mechanisms
Richard Blundell, Whitney Newey, Torsten Persson (eds), The Proceedings of the 9th World Congress of the Econometric Society, Cambridge University Press, 2006
Contest Architecture
Journal of Economic Theory, Volume: 126, January 2006, Pp 70-97
An Economic Approach to Article 82
Competition Policy International , Volume: 2(1), 2006, Pp 111 - 154
On the Desirabillity of an Efficiency Defense in Merger Control
International Journal of Industrial Organization, Volume: 23, 2005, Pp 803-827
Intermediation in Innovation
International Journal of Industrial Organization,
Volume 23, Issues 5-6, June 2005, Pages 483-503
Innovation Timing Games: A General Framework with Applications
Journal of Economic Theory, Volume 121, Issue 1, March 2005, Pages 30-50
Priority Auctions and Queue Disciplines that Depend on Processing Time
Management Science, Vol. 51, No. 2 (Feb., 2005), pp. 236-248
Buyers Alliances for Bargaining Power
Journal of Economics and Managment Strategy, Volume 13, Issue 4, pages 731–754, December 2004
Buyers' Alliances for Bargaining Power
Journal of Economics and Management Strategy, Volume: 13(4), 2004, Pp 731 - 754
A Group Bargaining Solution
Mathematical Social Sciences, Volume: 48, 2004, Pp 37 - 53
An Experimental analysis of auctions with interdependent valuations
Games and Economic Behavior, Volume: 48(1), July 2004, Pp 54-85
Declining Valuations in Sequential Auctions
International Journal of Game Theory, Volume: 33, 2004, Pp 89-106
The Design of an Efficient Private Industry
Journal of the European Economic Association, Volume: 2(2-3), 2004, Pp 516-525
Allocation Mechanisms and Post-Allocation Interaction
M. Janssen (ed), Auctioning Public Assets Analysis and Alternatives, Cambridge University Press, 2004, 2004
An Analysis of the European 3G Licensing Process
M. Janssen (ed.), Auctioning Public Assets Analysis and Alternatives, Cambridge University Press, 2004
Matching Markets
M. Janssen (ed.), Auctioning Public Assets Analysis and Alternatives, Cambridge University Press, 2004
All Equilibria of the Vickrey Auction
Journal of Economic Theory, Volume: 114, 2004, Pp 170 - 177
A4 - Unvollständige Verträge, Marktinteraktion und soziale Vergleichsprozesse
Social Preferences, Sorting, and Competition
Scandinavian Journal of Economics, forthcoming (2010)
Screening, Competition, and Job Deisgn: Economic Origins of Good Jobs
American Economic Review, forthcoming (2011)
Strategic responses: A survey experiment on opposition to pension reforms
Scandinavian Journal of Economics, forthcoming
Competition, Cooperation, and Corporate Culture
The RAND Journal of Economics, Volume 42, Issue 1, pages 23–43, Spring 2011
Wage Inequality and Team Production: An Experimental Analysis
Journal of Economic Psychology, vol. 32, pp. 1-16, 2011
Heterogeneous Social Preferences, Screening, and Employment Contracts
Oxford Economic Papers, 2011, 63 (3): 499-522.
Commitment in R&D Tournaments via Strategic Delegation to Overoptimistic Managers
Managerial and Decision Economics, Volume 32, Issue 1, pages 63–69, January 2011
Incentives, Reputation and the Allocation of Authority
Journal of Economic Behavior and Organization, Volume 76, Issue 2, November 2010, Pages 413-427
Structural measurement errors in nonseparable models
Journal of Econometrics, Volume 157, Issue 2, August 2010, Pages 432-440
Do investors respond to tax reform? Evidence from a natural experiment in Germany
Economics Letters, Volume 108, Issue 2, August 2010, Pages 193-196
The Intensity of Incentives in Firms and Markets: Moral Hazard with Envious Agents
Labour Economics, Volume 17, Issue 3, June 2010, Pages 598-607
Equal Sharing Rules in Partnerships
Journal of Institutional and Theoretical Economics, vol. 166(2), pp. 299-320, 2010
Licensing Complementary Parents: 'Patent Trolls', Market Structure, and 'Excessive' Royalities
Berkeley Technology Law Journal, 2010, pp.1121-44
Item nonresponse to financial questions in household surveys: An experimental study of interviewer and mode effects
Fiscal Studies, 367-390 , Publisher: Blackwell Publishing Ltd, December 2009
Bargaining under Incomplete Information, Fairness, and the Hold-Up Problem
Journal of Economic Behavior and Organization, vol. 71, pp. 486-494, 2009
The relationship between risk attitudes and heuristics used in search tasks: A laboratory experiment
Journal of Economic Behavior & Organization, Volume 71, Issue 2, August 2009, Pages 347-360
The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment
Journal of Economic Behavior and Organization, Volume 71, Issue 2, August 2009, Pages 347-360
Heterogeneity within communities: A Stochastic Model with Tenure Choice
Journal of Urban Economics, vol. 64(1), pp. 1-17, July 2009
Communication, Cooperation and Collusion in Team Tournaments - An Experimental Study
Games and Economic Behavior, Volume 66, Issue 1, May 2009, Pages 506-525
Worker Self-Selection and the Profits from Cooperation
Journal of the European Economic Association (Papers and Proceedings), vol. 7, pp. 573-582, 2009
Two-Sided Markets with Pecuniary and Participation Externalities
Journal of Industrial Economics, vol. 57(1), pp. 32-57, March 2009
What Determines the Level of IPO Gross Spreads? Underwriter Profits and the Costs of Going Public
International Review of Economics and Finance, Volume 18, Issue 1, January 2009, Pages 81-109
A model of strategic delegation in contests between groups
Review of Economic Design, 2009, Volume 13, Number 3, 205-232
Two Tales on Resale
International Journal of Industrial Organization, Nov 2008, Volume: 26 Issue: 6 pp.1448-1460
Fairness and the Optimal Allocation of Ownership Rights
Economic Journal, Volume 118, Issue 531, pages 1262–1284, August 2008
Fairness and the Optimal Allocation of Ownership Rights
The Economic Journal, Volume 118, Issue 531, pages 1262–1284, August 2008
Auctions to Implement the Efiicient Market Structure
International Journal of Industrial Organization 26(3), 846-859 (2008)
Information, Coordination, and the Industrialization of Countries
CESifo Economic Studies, 2008, 54 (3): 534-550
Price variability and price dispersion in a stable monetary environment: Evidence from German retail markets
Managerial Decision Economics, Volume: 28, 2007, Pp 789-801
Performance Measure Congruity and the Balanced Scorecard
Journal of Accounting Research (2007), Volume: 45, Issue: 3, Publisher: Blackwell Publishing on behalf of Accounting Research Center, Booth School of Business, University of Chicago, Pages: 515-539
Adding a Stick to the Carrot? The Interaction of Bonuses and Fines
American Economic Review, Volume: 97(2), 2007, Pp 177-181
Fairness and Contract Design
Econometrica, Volume: 75(1), 2007, Pp 121-154
Vertragstheorie
in: Köhler, R., Küpper, H.-U. und Pfingsten, A., Handwörterbuch der Betriebswirtschaftslehre, Stuttgart: Schäffer-Poeschel Verlag, 2007, Pp 1937-1945
Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints
Review of Economic Studies, Volume: 73, 2006, Pp 459-485
Keywords: Housing Demand, Income Fluctuations, Overlapping Generations, Collateral Constraint
JEL classification: E32, G12, G21, R21
Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Comment
American Economic Review, Volume: 96(5), 2006, Pp 1912-1917
Conditional Allocation of Control Rights in Venture Capital Firms
Zeitschrift für Betriebswirtschaft, Volume: Special Issue 5, 2006, Pp 39-52
The Economics of Covenants as a Means of Efficient Creditor Protection
European Business Organization Law Review, Volume: 7(1), 2006, Pp 89-94
The Economics of Fairness, Reciprocity and Altruism - Experimental Evidence and New Theories
Handbook on the Economics of Giving Reciprocity and Altruism, ed. by Serge-Christophe Kolm and Jean Mercier Ythier, Amsterdam, Elsevier, Volume: 1, 2006, Pp 615-691
A Comment on Dinlersoz and Pereira
CESifo Economic Studies, Volume: 51(2-3), 2005, Pp 295-297
Why do Low Cost Carriers Arise and How Can They Survive the Competitive Responses of Established Airlines? A Theoretical Explanation
Competition Versus Predation in Aviation Markets: A Survey of Experience in North America, Europe and Australia, ed. von P. Forsyth, D.W. Gillen, O.G. Mayer und H.-M. Niemeier, Ashgate Publishing, Hampshire, England, 2005, Pp 267-285
A Comment on Gayer and Shy
CESifo Economic Studies, Volume: 51, 2005, Pp 491-493
Strategic Experimentation with Exponential Bandits
Econometrica, Volume 73, Issue 1, pages 39–68, January 2005
Housing Transactions and Macroeoconomic Fluctuations: A Case Study of England and Wales
Journal of Housing Economics, Volume: 13, 2004, Pp 287-303
Fairness and Incentives in a Multi-Task Principal-Agent Model
Scandinavian Journal of Economics, Volume: 106, 2004, Pp 453-374
The Chopstick Auction: A Study of the Exposure Problem in Multi-Unit Auctions
EEA Conference, August, 2004
Inequity Aversion, Financial Markets, and Output Fluctuations
Journal of the European Economic Association, Volume: 2, 2004, Pp 229-239
Vom Homo Oeconomicus zum Homo Reciprocans
Einsichten, Volume: 1, 2004, Pp 18-21
Fairness und der Homo Oeconomicus
Thinker’s Corner, 2004
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
A6 - Typenvielfalt, Loyalität und die Bildung von Handelsnetzwerken
Immediate Demand Reduction in Simultaneous Ascending Bid Auctions: A Uniqueness Result
Economic Theory, Volume: 29(3), 2006, Pp 721-726
The Third Generation (UMTS) Spectrum License Auction in Germany
Illing, G. and U. Klüh (eds.), Spectrum Auctions and Competition in Telecommunications, MIT Press, 2004, Pp 223-246
together with A7
Heterogeneous Time Preferences and Humps in the Yield Curve: The Preferred Habitat Theory Revisited
European Journal of Finance, Volume: 10, 2004, Pp 3-23
JEL classification: G12
Stochastic equilibria for economies under uncertainty with intertemporal substitution
Annals of Finance, 2005
Speculation in Standard Auctions with Resale
Econometrica, 2005
Generic Determinacy of Equilibria with Local Substitution
Journal of Mathematical Economics, Volume: 41, 2005, Pp 603-616
Keywords: prevalence, local substitution, determinacy, infinite-dimensional commodity spaces, Hindy-Huang-Kreps preferences, local substitution
JEL classification: D91
Stability of the replicator equation for a single species with a multidimensional continuous trait space
Journal of Theoretical Biology, 2005
Dynamic Coherent Risk Measures
Stochastic Processes and Their Applications, 2004, Pp 185-200
Keywords: Risk Measures, Consistency, Coherence, Dynamic Models
JEL classification: D81
Gregarious Behaviour of Evasive Prey
Journal of Mathematical Biology, Volume: 52(5), 2006, Pp 595 - 612
Existence of Linear Equilibria in the Kyle Model with Multiple Informed Traders
Annals of Finance, 2005
together with C7
A7 - Auktionen und Wettbewerb
Incomplete information in rent-seeking contests
Economic Theory, forthcoming
Prizes and Lemons: Procurement of Innovation under Imperfect Commitment
RAND Journal of Economics, 2011, 42 (4): 664-680
Auctions and Corruption: An Analysis of Bid Rigging by a Corrupt Auctioneer
Journal of Economic Dynamics & Control, 2010, 34: 1872–1892
Signal-Jamming in a Sequential Auction
Economics Letters, 2010, 108(1): 58-61
Entry Fees and Endogenous Entry in Electronic Auctions
Electronic Markets, Electronic Markets, Vol. 14, Iss. 3, 2010
Partnership Dissolution, Complementarity, and Investment Incentives
Oxford Economic Papers, 2010, 62: 529-552
Efficient Tournaments within Teams
RAND Journal of Economics, 2009, Volume 40, Issue 1, Pages 103 - 119, 2009
Revenue Equivalence Revisited
Games and Economic Behavior, 64: 171-192, 2008
Price Formation in a sequential selling mechanism
Journal of Economic Behavior & Organization, 67, 823-843, 2008
Robustness of Bidder Preferences Among Auction Institutions
Economic Inquiry, Volume 46, Issue 3, pages 355–368, July 2008
License Auctions with Royalty Contracts for (Winners and) Losers
Games and Economic Behavior, Volume 63, Issue 1, May 2008, Pages 91-106
Do Individuals Recognize Cascade Behavior of Others? - An Experimental Study
Journal of Economic Psychology, Volume 29, Issue 2, April 2008, Pages 197-209
Procurement with Costly Bidding, Optimal Short Listing, and Rebates
Economics Letters, Volume 98, Issue 3, March 2008, Pages 327-334
Research Joint Ventures, Optimal Licensing and R&D Subsidy Policy
The B.E. Journal of Theoretical Economics, 8, Article 20, 2008
How to allocate R&D (and other) Subsidies: An Experimentally tested Policy Recommendation
Research Policy, Volume: 35 (9), 2006, Pp 1261-1272
Procurement Experiments with Unknown Costs of Quality
Pacific Economic Review, Volume 11, Issue 2, pages 133–148, June 2006
Immediate Demand Reduction in Simultaneous Ascending Bid Auctions: A Uniqueness Result
Economic Theory, Volume: 29(3), 2006, Pp 721-726
Experimental Internet Auctions with Random Information Retrieval
Experimental Economics, 2006, Volume 9, Number 4, 323-341
Corruption in Procurement Auctions
Dimitri, N. and G. Piga and G. Spagnolo (eds.), Handbook of Procurement: Theory and Practice for Managers, Cambridge University Press, 2006, Pp 412-429
Procurement of Goods and Services. Scope and Government
S. Qi and X. Li (eds.), Corporate Governance, Firm Performance and Economic Growth, Economic Science Press, 2006
Efficient (Re-)Scheduling: An Auction Approach
Economics Letters, Volume 89, Issue 2, November 2005, Pages 187-192
Bidding Behavior in Asymmetric Auctions: An Experimental Study
European Economic Review, Volume 49, Issue 7, October 2005, Pages 1891-1913
On Some Auction Rules for Amicable Divorce in Equal Share Partnerships
T. Beschorner and T. Eger (eds.), Das Ethische in der Ökonomie: Festschrift für Hans Nutzinger, Metropolis Verlag, 2005, Pp 199-212
Comparative Study of One-Bid versus Two-Bid Auctions
Journal of Economic Behavior and Organization, Volume: 54, 2004, Pp 109-131
Bidder Preferences among Auction Institutions
Economic Inquiry, Volume: 42, 2004, Pp 223-236
Please, Marry Me! An Experimental Study of Risking a Joint Venture
Metroeconomica, Volume 55, Issue 1, pages 1–21, February 2004
The Third Generation (UMTS) Spectrum License Auction in Germany
Illing, G. and U. Klüh (eds.), Spectrum Auctions and Competition in Telecommunications, MIT Press, 2004, Pp 223-246
together with A6
Effizienzsteigerung bei der FuE-Projektförderung durch wettbewerbliche Vergabeverfahren unter Berücksichtigung des Nachfrageverhaltens der Unternehmen nach Fördermitteln
Gutachten für das Bundesministerium für Wirtschaft und Technologie (BMWi), 2004
A8 - Strategische Erzeugung und Weitergabe von Informationen
Negatively Correlated Bandits
Review of Economic Studies, vol. 78(2), pp. 693-732, 2011
Strategic Experimentation with Private Payoffs
working paper, European School of Management and Technology Berlin, University of Munich, Bonn Graduate School of Economics (accepted for presentation at the North American Winter Meeting of the Econometric Society, Denver, 4-7 January 2011)
Undiscounted Bandits
wokring paper, University of Oxford and University of Munich (presented at the 10th World Congress of the Econometric Society, Shanghai, 17.-21. August 2010)
Strategic Experimentation with Poisson Bandits
Theoretical Economics, 2010, Vol. 5(2), pp. 275-311
Learning and Experimentation in Strategic Bandit Problems
Ph.D. dissertation, University of Munich
Dynamic Duopoly with Inattentive Firms
in: Ludwig Reßner, Four Essays on Imperfect Competition: Strategic Information Acquisition, Product Choice under Government Regulation, and Forward Trading, Ph.D. dissertation, University of Munich
The Choice of Prices vs. Quantities under Uncertainty
Journal of Economics and Management Strategy, vol. 18(4), pp. 1155-1177, 2009
Modelling Tacit Collusion in Auctions
Journal of Institutional and Theoretical Economics JITE, vol. 164(1), pp. 163-184, March 2008
Strategic Experimentation with Exponential Bandits
Econometrica, Volume 73, Issue 1, pages 39–68, January 2005
B3 - Unternehmenskontrolle, Unternehmensfinanzierung und endogener technischer Fortschritt
Incomplete Contracts and Excludable Public Goods
Journal of Public Economics, accepted for publication
Binary Payment Schemes: Moral Hazard and Loss Aversion
American Economic Review, Vol. 100(5), December 2010, pp. 2451-2477
Fallacies, Irrelevant Facts and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive, Rock Center for Corporate Governance
Stanford University Working Paper No. 86, Stanford Graduate School of Business Research Paper No. 2063, Preprint, No. 2010/42 Max Planck Institute for Research on Collective Goods, September 2010
Incentive Problems with Unidimensional Hidden Characteristics: A Unified Approach
Econometrica, Vol. 78(4), July 2010, pp. 1201-1237
Strategic Information Disclosure and Competition for an Imperfectly Protected Innovation
Journal of Industrial Economics, Vol. 58(2), June 2010, pp. 349-372
The Impact of Firm Entry Regulation on Long- living Entrants
Small Business Economics, in press, June 2010
Optimal Democratic Mechanisms for Income Taxation and Public Good Provision
Journal of Public Economics, Vol. 94, 2010, pp. 453-466
Public-Good Provision in a Large Economy
Preprint 2010/02, Max Planck Institute for Research on Collective Goods, R&R for Econometrica, 2010
A Reconsideration of the Jensen-Meckling Model of Outside Finance
Journal of Financial Intermediation, Vol. 18(4), October 2009, pp. 495-525
Optimal Income Taxation and Public Good Provision with Endogenous Interest Groups
Journal of Public Economic Theory, Vol. 11(2), April 2009, pp. 311–342
The Role of Liquidity and Implicit Guarantees in the German Twin Crisis of 1931
Journal of International Money and Finance, Vol. 28, 2009, pp. 1-25
Corporate Governance and Incentive Contracts: Historical Evidence from a Legal Reform
Explorations in Economic History, Kind of outlet: Scientific journals, 2009
Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis
De Economist, Vol. 157, 2009, pp. 129-207
Information Aqusition and Strategic Disclosure in Oligopoly
Journal of Economics & Management Strategy, Vol. 17(1), January 2008, pp. 113-148
The Organization of Regulateg Production: Complementarities, Correlation and Collusion
International Journal of Industrial Organzation, Vol. 26(1), January 2008, pp. 327-353
Effizienz oder Wettbewerbsfreiheit? Zur normativen Grundlegung der Wettbewerbspolitik
Christoph Engel and Wernhard Möschel (eds.): Recht und spontane Ordnung, Festschrift für Ernst-Joachim Mestmäcker zum 80. Geburtstag, Baden-Baden, Nomos, 2008
The Role of Boundary Solutions in Principal-Agent Problems of the Holmström-Milgrom Type
Journal of Economic Theory, Vol. 136(1), September 2007, pp. 446-475
A Contribution to the Theory of Optimal Utilitarian Income Taxation
Journal of Public Economics, Vol. 91(7-8), August 2007, pp. 1449-1477
together with A1
Cost and Benefits from Infrastructure Competition. Estimating Welfare Effects from Broadband Access Competition
Telecommunications Policy, Vol. 31(6-7), July 2007, pp. 401-418
Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability
The Swiss National Bank 1907-2007, July 2007, pp. 741-780
The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling
Journal of Public Economics, Vol. 91(3-4), April 2007, pp. 511-540
The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion
Journal of Public Economics, Vol. 91(3-4), April 2007, pp. 791-816
On the Long-Run Evolution of Technological Knowledge
Economic Theory, 2007, Vol. 30(1), pp. 171–180
Demand for storage of natural gas in north-western Europe. Trends 2005-2030
Energy Policy, Vol. 35(10), 2007, pp. 5206-5219
with Madjid Kuebler
Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist’s Perspective
J. Basedow (ed.), Private Enforcement in EC Competition Law, Kluwer Law International, Den Haag, 2007, pp. 121-159
Netting in Interconnector Auctions
Energy Journal, Vol. 28(1), 2007, pp. 113-144
How Do Official Bailouts Affect the Risk of Investing in Emerging Markets?
Journal of Money, Credit, and Banking, Volume: 38(7), October 2006, pp. 1689-1714
An Economic Approach to Article 82
Competition Policy International , Volume: 2(1), 2006, Pp 111 - 154
Braucht Deutschland eine private starke deutsche Bank? Über die Notwendigkeit nationaler Champions im Bankwesen
Kredit und Kapital, Vol. 39(2), 2006, 163-181
Monopoly Prices versus Ramsey-Boiteux Prices: Are they ‘‘Similar,’’ and: Does it Matter?
Journal of Industry, Competition and Trade, Vol. 6(1), 2006, pp. 27-44
Selling Reputation when Going Out of Business
International Economic Review, 2006
The Privatization of Italian Savings Banks – A Role Model for Germany?
DIW Quarterly Journal of Economic Research, 2006
Braucht Deutschland eine 'private starke deutsche Bank'? Ueber die Notwendigkeit nationaler Champions im Bankwesen
Kredit und Kapital, Vol. 39(2), 2006, pp. 163-181
A utilitarian Approach to the provision and pricing of excludable public goods
Journal of Public Economics, Vol. 89(11-12), December 2005, pp. 1981-2003
Konsistenzgebot im neuen TKG: Anforderungen und Zielkonflikte
MultiMedia und Recht, Beilage, Vol. 6, June 2005, pp. 6-8
Managerbereicherung gibt es überall
Frankfurter Allgemeine Sonntagszeitung, May 2005, Nr. 18, S. 47
Ramsey-Boiteux-Preise und Monopolpreise - zu einigen verbreiteten Missverständnissen
Netzwirtschaft & Recht, 2005
Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach
Journal of Economic Theory, Vol. 120(1), January 2005, pp. 1-38
The Privatization of Italian Savings Banks - A Role Model for Germany?
DIW Quarterly Journal of Economic Research (Vierteljahrshefte zur Wirtschaftsforschung), Vol. 74(4), 2005, pp. 32-50
Elitemodell Wartburg?
Stifterverband für die Deutsche Wissenschaft (ed.), Eine (un)endliche Geschichte? Beiträge zur Föderalismusdiskussion, Villa-Hügel-Gespräch 2004, 2005, pp. 16-23
Market Discipline, Information Processing, and Corporate Governance
K.J. Hopt, E. Wymeersch, H. Kanda, H. Baum (eds.), Corporate Governance in Context: Corporations, States, and Markets in European, Japan, and the US, Oxford, Oxford University Press, 2005, pp. 379-402
Liquidity and Contagion: The Crisis of 1763
Journal of the European Economic Association, Vol. 2(6), 2004, pp. 929-968
Banks as Delegated Risk Managers
Journal of Banking and Finance, Vol. 28(10), October 2004, pp. 2399-2426
Reply to Thomas Ferguson and Peter Temin's Comment on The German Twin Crisis of 1931
Journal of Economic History, Volume: 64(3), September 2004, pp. 877-878
The German Twin Crisis of 1931
Journal of Economic History, Volume: 64(3), September 2004, pp. 822-871
The Relation between Real Wages and Employment: An Intertemporal General-Equilibrium Approach
German Economic Review, Vol. 5(3), August 2004, pp. 263-295
An Agenda for a Growing Europe
Oxford University Press, March 2004
From Poverty Measurement to the Measurement of Downside Risk
Mathematical Social Sciences, 2004, Vol. 47(3), pp. 327–348
Netzwettbewerb durch Regulierung
U. Leprich, H. Georgi, E. Evers (eds.), Strommarktliberalisierung durch Netzregulierung, Energierecht und Energiewirtschaft Bd. 4, Berlin, Berliner Wissenschaftsverlag, Vol. 4, 2004, pp. 29-43
B4 - Die Gestaltung von Turnieren im Rahmen der Corporate Governance
Technology choice, relative performance pay, and worker heterogeneity
Journal of Economic Behavior and Organization, 2010, Vol. 76 (3), pp. 748-758
Promotion Tournaments and Individual Performance Pay
Journal of Economics and Management Strategy, Vol. 19 (3), pp. 699–731, 2010
On the Choice of Risk and Effort in Tournaments - Experimental Evidence
Journal of Economics & Management Strategy, Vol. 19 (3), pp. 811-840, 2010
Minimum Wages and Excessive Effort Supply
Economics Letters, 2010, Vol. 108 (3), pp. 341-344
Double-Sided Moral Hazard, Efficiency Wages and Litigation
Journal of Law, Economics, and Organization, 2010, Vol. 26 (2), pp. 337-364
Optimal Tournament Contracts for Heterogeneous Workers
Journal of Economic Behavior and Organization, Vol. 75(2), August 2010, pp. 180-191
Risk-Taking in Tournaments -Theory and Experimental Evidence
Journal of Economic Psychology , Vol 31(3), Jun 2010, 254-268
Technology Adoption under Hidden Information
Journal of Economics, 2010, Vol. 100 (1), 1-18
Sabotage in Dynamic Tournaments
Journal of Mathematical Economics, Vol. 46(2), March 2010, pp. 179-190
Rent Seeking, Employment Security and Works Councils: Theory and Evidence for Germany
Schmalenbach Business Review, Vol. 62, pp. 2-40, January 2010
Variance analysis and linear contracts in agencies with
Management Accounting Research, 2009, Vol. 20 (3), pp. 166-176
Should You Allow Your Employee to Become Your Competitor? - On Non-Compete Agreements in Employment Contracts
International Economic Review, 2008, Vol. 50 (1), pp. 117-141
Information in tournaments under limited liability
Journal of Mathematical Economics, Volume 45 (1-2), January 2009, pp. 59-72
On the Inefficiency of Merger Control
Economic Letters, 2009, Vol. 102 (1), pp. 53-55
Optimal Risk Taking in an Uneven Tournament Game with Risk Averse Players
Journal of Mathematical Economics, 2008, Vol. 44 (11), pp. 1219-1231
The Effect of Reputation on Selling Prices in Auctions
Jahrbücher für Nationalökonomie und statistik, 2008, Vol. 228 (4), pp. 345-356
Emotions in Tournaments
Journal of Economic Behavior and Organization, 2007, Vol. 67 (1), pp. 204-214
Distorted Performance Measurement and Relational Contracts
Schmalenbach Business Review, 2008, Vol. 60 (3), pp. 251-273
On the Adverse Selection of Technologies
Journal of Institutional and Theoretical Economics, 2008, Vol. 164 (2), pp. 343-355
Emotions and Compensation
Schmalenbach Business Review, Vol. 60, April 2008
Emotions and the Optimality of Uneven Tournaments
Review of Managerial Science, 2008, Vol. 2 (1), pp. 61-79
On Delegation under Relational Contracts
International Journal of the Economics of Business, Vol. 15 (1), 2008, pp. 85-98
On Sabotage in Collective Tournaments
Journal of Mathematical Economics, 2008, Vol. 44 (3-4), pp. 383-393
Human Capital Investments in Asymmetric Corporate Tournaments
Journal of Economics and Business, 2007, Vol. 60 (4) pp. 312-331
Doping and Cheating in Contest-Like Situations
European Journal of Political Economy, 2007, Vol. 23 (4), December 2007, pp. 988-1006
A Note on Revenue Sharing in Sports Leagues
Journal of Sports Economics, June 2007, Vol. 8 (3), pp. 309-316
Performance Measurement Technologies and the Trade-off of Risk and Incentives
International Journal of Business and Economics, Vol. 6 (1), 2007, pp. 1-10
A rationale for the coexistence of central and decentral marketing in team sports
German Economic Review, 2007, vol. 8, pages 89-106
Sabotage in Corporate Contests - An Experimental Analysis
International Journal of the Economics of Business, 2007, Vol.14 (3), pp. 367-392
Tournaments versus Piece Rates under Limited Liability
International Journal of Business and Economics, 2006, Vol. 5 (3), pp. 185-199
Are 18 holes enough for Tiger Woods?
Bulletin of Economic Research, 2006, Vol. 58 (3), pp. 267-284
Splitting Leagues
Journal of Economics, 2006, Vol. 88(1), pp. 21-48
Zur Reform der Professorenbesoldung in Deutschland
Perspektiven der Wirtschaftspolitik, Volume: 7, 2006, Pp 105-126
Strategic Delegation and Mergers in Oligopolistic Contests
Journal of Economics and Business, 2005, Vol. 58 (2), pp. 119-136
A Collective Tournament Under (un)limited Liability
Economic Issues, 2006, Vol. 11 (1), pp. 1-18
Strategic Delegation in Oligopolistic Tournaments
Review of Economic Design, Vol. 9 (4), 2006, pp. 377-396
Preemptive Behavior in Sequential-Move Tournaments with Heterogeneous Agents
Economics of Governance, Volume: 6, 2005, Pp 245-252
Simultaneous- versus Sequential-Move Tournaments with Heterogeneous Agents
Schmalenbach Business Review, Vol. 58, October 2006
On the Benefits of Withholding Knowledge in Organizations
International Journal of the Economics of Business, Volume: 12, 2005, Pp 193-209
An Empirical Study on Risk Taking in Tournaments
Applied Economics Letters, Volume: 12, 2005, Pp 457-461
Collective contests with externalities: corrigendum
European Journal of Political Economy, Volume: 21(2), 2005, Pp 533-536
Envy and Compassion in Tournaments
Journal of Economics and Management Strategy, Volume: 14, 2005, Pp 187-207
Helping and Sabotaging in Tournaments
International Game Theory Review, Volume: 7, 2005, Pp 211-228
Risk Taking in Asymmetric Tournaments
German Economic Review, Volume: 5, 2004, Pp 103-116
Oekonomische Analyse der Professorenbesoldungsreform in Deutschland
Wolfgang Franz, Hans Jürgen Ramser, Manfred Stadler (Hrsg.): Bildung, Tübingen, 2004, Pp 197-219
R&D Spillovers and Strategic Delegation in Oligopolistic Contests
Managerial and Decision Economics, Volume: 25, 2004, Pp 147-156
Turniere in Unternehmen als Leistungsanreiz
Zeitschrift für Management, Volume: 4, 2004, Pp 2-5
Managerial versus Entrepreneurial Firms: The Benefits of Separating Ownership and Control
Schmalenbach Business Review, Volume: 56 (1), 2004, Pp 2-19
Interindustry Wage Differentials and Industry-Wide Exit Rates of Firms
Applied Economics Quarterly, Volume: 50, 2004, Pp 165-182
The Wage Policy of Firms - Comparative Evidence for the U.S. and Germany from Personnel Records
The International Journal of Human Resource Management , Volume: 16, 2005, Pp 104-119
Preemption in Rank-Order Tournaments
Zeitschrift für Betriebswirtschaft, 2008, Vol. 77 (12), pp. 1293-1314
Hostile takeover and costly merger control
Public Choice, 2009, Vol. 141 (3), pp. 371-389
B5 - Weltwirtschaftliche Integration und die neue Firmenorganisation
Are Multinational Banks Different?
Economic Policy, forthcoming
When is FDI a Capital Flow?
accepted for publication in European Economic Review
Creditor Rights and Debt Allocation within Multinationals
Journal of Banking and Finance, Vol. 35(6), June 2011, pp. 1367-1379
Who is Afraid of Political Risk? Multinational Firms and their Choice of Capital Structure
Journal of International Economics, Vol. 82(2), November 2010, pp. 208-218
FDI and Domestic Investment: An Industry Level View
Berkeley Electronic Journal of Economic Analysis and Policy, Vol. 10(1), (Topics), July 2010
Germany's Super Competitiveness - A Helping Hand from Eastern Europe
published her article at VOXEU, June 20 2010
The Organization of Firms in a Global Economy
Harvard University Press, November 2008
Organization of Multinational Activities and Ownership Structure
International Journal of Industrial Organization, Vol. 26(6), November 2008, pp. 1274-1289
Entry of Foreign Banks and their Impact on Host Countries
Journal of Comparative Economics, Vol. 36(3), September 2008, pp. 430-452
Power Inside the Firm and the Market: A General Equilibrium Approach
Journal of the European Economic Association, Vol. 6(4), June 2008, pp. 752–788
Business Groups in Emerging Markets - Financial Control and Sequential Investment
Journal of Institutional and Theoretical Economics (JITE), Vol. 163(2), June 2007, pp. 336-355
How Elections Matter: Theory and Evidence from Environmental Policy
Quarterly Journal of Economics, Vol. 121(4), November 2006, pp. 1249-1281
Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates
Liebscher, Klaus, Christl, Josef, Mooslechner, Peter and Ritzberger-Grünwald, Doris (Eds.), Financial Development, Integration and Stability in Central, Evidence from Central, Eastern and South-Eastern Europe, Edgar Elgar, November, 2006, pp. 305-321
Product Standards, Trade Disputes, and Protectionism
Canadian Journal of Economics, Vol. 39(2), May 2006, pp. 564–581
Technology Transfer and Spillovers in International Joint Ventures
Journal of International Economics, Vol. 68(2), March 2006, pp. 456-468
Disorganization and Financial Collapse
European Economic Review, Vol. 49(2), February 2005, pp. 387-408
Foreign Banks in Eastern Europe: Mode of Entry and Effects on Bank Interest Rates
Austrian National Bank, European Economic Integration: Financial Development, Integration and Stability in Central, Eastern and South-Eastern Europe, 2005
B6 - Die Zyklizität von Fusionen und Übernahmen
Bankers on Boards of German Firms: What they do, what they are worth, and why they are (still) there
Review of Finance, Vol. 14, pp.35-71, 2010
Acquisitions as Lotteries: Do Managerial Gambling Attitudes Influence Takeover Decisions?
working paper, University of Mannheim
Corporate Governance and Acquirer Returns in Europe
working paper, University of Mannheim
Defensive Mergers and Acquisitions
Dissertation (4. Kapitel), University of Mannheim
Measuring the Quality of Corporate Governance: Is There a Uniform Standard?
working paper, University of Mannheim
How Preussag became TUI: AClinical Study of Institutional Blockholders and Restructuring in Europe
Financial Management 37 (3), 571-598
Do Shareholders Vote Strategically? Voting Behavior, Proposal Screening and Majority Rules
Review of finance, forthcoming
Bankers on Boards of German Firms: What they do, what they are worth, and why they are (still) there
Review of Finance, forthcoming
Do Shareholders Vote Strategically? Voting Behavior, Proposal Screening and Majority Rules
Review of Finance, forthcoming
Evaluating Methods to Estimate the Implied Cost of Equity Capital: A Simulation Study
working paper, University of Mannheim
C1 - Bankenregulierung, Credit Crunch und Prozyklizität
Do good or bad borrowers pledge more collateral?
International Journal of Managerial Finance, Volume: 3, 2007, Pp 132-163
Valuation of Bond Illiquidity. An Option-Theoretical Approach
Journal of Fixed Income, Volume: 16, 2007, Pp 81-107
Bewertung von Anleihen bei potentieller Zahlungsunfähigkeit
Bank, M. Schiller, B. (eds.), Finanzintermediation - Theoretische, wirtschaftspolitische und praktische Aspekte aktueller Entwicklungen im Bank- und Börsenwesen, Festschrift für Professor Dr. Wolfgang Gerke zum sechzigsten Geburtstag, Schäffer-Poeschl-, May, 2004, Pp 1-24
JEL classification: G12, G13, G33
When Does Single-Source Versus Multiple-Source Lending Matter?
International Journal of Managerial Finance, Volume: 2, January, 2006, Pp 19-48
Keywords: Economic equilibrium, Issues, Loans, Public finance
Hedging Long-Term Forwards with Short-Term Futures - A Two-Regime Approach
Review of Derivatives Research, Volume: 7, December, 2004, Pp 185-212
Keywords: long-term forwards - hedging - Metallgesellschaft case - two-regime pricing
JEL classification: G13, G30
Banking Regulation and Financial Accelerators: A One-Period Model with Unlimited Liability
W. Franz, H.J. Ramser, M. Stadler (eds.): Funktionsfähigkeit und Stabilität von Finanzmärkten, Wirtschaftswissenschaftliches Seminar Ottobeuren, Mohr Siebeck, Volume: 34, 2005, Pp 183-210
JEL classification: G21, G28
Bewertung von Anleihen bei potentieller Zahlungsunfähigkeit
Bank, M. Schiller, B. (eds.), Finanzintermediation - Theoretische, wirtschaftspolitische und praktische Aspekte aktueller Entwicklungen im Bank- und Börsenwesen, Festschrift für Professor Dr. Wolfgang Gerke zum sechzigsten Geburtstag, Schäffer-Poeschl-, May, 2004, Pp 1-24
JEL classification: G12, G13, G33
Bond Portfolio Optimization: A Risk-Return Approach
Journal of Fixed Income, Volume: 15, March, 2006, Pp 48-60
JEL classification: G11, G13
Empirical Exercise Behavior of Warrant Holders and its Consequences for Warrant Values
International Journal of Theoretical and Applied Finance, Volume: 9, March, 2006, Pp 245-268
Keywords: Early exercise; late exercise; option pricing; transaction costs; Monte Carlo simulation
JEL classification: G12, G13, G32
Optimal Debt Service: Straight vs. Convertible Debt
Schmalenbach Business Review, Volume: 58, April, 2006, Pp 124-151
Keywords: Convertible Consol Bond, Default Strategies
JEL classification: C72, G12, G32
When Does Single-Source Versus Multiple-Source Lending Matter?
International Journal of Managerial Finance, Volume: 2, January, 2006, Pp 19-48
Keywords: Economic equilibrium, Issues, Loans, Public finance
Optimal Exercise Strategies for Corporate Warrants
Quantitative Finance, Volume: 6, 2006, Pp 37-54
Keywords: Warrants, Exercise Strategy, Option Pricing, Financial Structure
JEL classification: G12,G13,G32
Valuation of Convertible Bonds when Investors Act Strategically
Deutscher Universitäts-Verlag, Volume: 110, 2004
Keywords: Convertible bonds: markets, motives, and traditional valuation - General framework for the analysis of convertible bonds - Optimal conversion strategies and valuation of convertible bonds at and before maturity - Comparison of the results of three conver
JEL classification: G12, G13, G30
Pflichtwandelanleihen: Bewertung und Aktienkursreaktion bei Emission
Die Betriebswirtschaft, Volume: 65, 2005, Pp 21-42
JEL classification: G12, G14, G30
Streben Unternehmen nach ihrem optimalen Rating? Theorie und Evidenz vom deutschen Kapitalmarkt
Zeitschrift für Betriebswirtschaftslehre (ZfB), Volume: 75, October, 2005, Pp 919-946
JEL classification: G14, G30
C2 - Intellektuelles Eigentum, Aneignung von Innovationserträgen und Innovationswettbewerb
Returns to Private Equity - Idiosyncratic Risk Does Matter!
Review of Finance, forthcoming
Managerial Succession and Organizational Performance
Managerial and Decision Economics, forthcoming
How to Measure Patent Thickets - A Novel Approach
Economics Letters, Vol.111(1), pp. 6-9
The Effects of Entrepreneurship Education
Journal of Economic Behavior and Organization, Volume 76, Issue 1, October 2010, Pages 90-112
Patent Thickets, Licensing and Innovative Performance
Industrial and Corporate Change, 2010, 19 (3): 899-925
Patents and the Survival of Internet-related NASDAQ-IPOs
Research and Policy, 2010, Vol.39(2), pp. 214-228
Jostling for Advantage or Not: Choosing Between Patent Portfolio Races and Ex-ante Licensing
Journal of Economic Behaviour and Organization, Vol.73(2), pp.225-245
The Economics of Knowledge Regulation: An Empirical Analysis of Knowledge Flows
R&D Management 2010, 40(3), p. 300-309
Authorized Generic Entry prior to Patent Expiry: Reassessing Incentives for Independent Generic Entry
LMU Discussion Papers in Economics 2010-23
Reform der Einschränkung der Urheberrechte in Lehre und Forschung — Abschätzung von Zahlungsbereitschaften für flexibleren Zugang zu studienrelevanter Literatur
zfbf - Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung, 857- 880, December 2009
Patent Validation at the Country Level - The Role of Fees and Translation Costs
Research Policy 2009, Volume 38, No. 9, pp. 1423-1437
The Importance of Equity Finance for R&D Activity: Are there Differences between Young and Old Companies?
Small Business Economics, 2009, Vol. 33 Issue 3, p303-318
The Influence of Strategic Patenting on Companies' Patent Portfolios
Research Policy, 2009, Vol. 38 Issue 2, p428-436
The duration of patent examination at the European Patent Office
Management Science 2009, Vol. 55, No. 12, pp. 1969-1984
Invention Processes and Knowledge Recombination across Technological Boundaries
unpublished manuscript, University of Munich, (2. Revise and Resubmit vom 17.01.2011, Management Science)
The Market Value of R&D, Patents and Trademarks
Available at SSRN: ssrn.com/abstract=1469705, (Revise and Resubmit vom 09.02.2010, Research Policy)
Optimal Patent Length and Height, Empirica
Empirica, 2008, Volume 35, Issue 3, p 233-240
Benefits of Control, Capital Structure and Company Growth
Applied Economics, 2008, Vol. 40 Issue 21, p2721-2734
How Does Owners' Exposure to Idiosyncratic Risk Influence the Capital Structure of Private Companies?
Journal of Empirical Finance, 2008, Vol. 15 Issue 2, p185-198
Incidence and Growth of Patent Thickets - The Impact of Technological Opportunities and Complexity
CEPR Discussion Paper 6900, London, (Revise and Resubmit vom 25.01.2009, Journal of Industrial Economics)
Platform Ownership
Journal of the European Economic Association, 2007, Vol. 5 Issue 6, p1130-1160
Tracing Mobile Inventors - The Causality between Inventor Mobility and Inventor Productivity
Research Policy 2007, Volume 36, No. 5, pp. 619-636
Institutionalized Incentives for Ingenuity - Patent Value and the German Employees' Invention Act
Research Policy 2007, Volume 36, No. 8, pp. 1143-1162
Managerial Ownership and Company Performance in German Small and Medium - Sized Private Enterprises
German Economic Review, 2006, Vol. 7 Issue 2, p233-247
Is silence Golden? Patents versus Secrecy at the Firm Level
Economics of Innovation and New Technology, 2006, Vol. 15 Issue 8, p735-752
Everything you always wanted to know about inventors (but never asked): Evidence from the PatVal-EU survey
CEPR Discussion Paper No. 5752, Research Policy, 2006
accepted for publication
Project Choice and Risk in R&D
Journal of Industrial Economics, Volume: 53(1), March, 2005, Pp 53-81
Technologietransfer im Vergleich - Eine Fallstudie
Wissenschaftsmanagement , Volume: 6, 2004, Pp 12 - 17
Internationale Trends der Forschungs- und Innovationspolitik
ZEW Wirtschaftsanalysen, Baden-Baden, 2004
The Internalisation of Young High-Tech Firms
ZEW Economic Studies, Heidelberg/New York, 2004
C3 - Innovationen in Informationstechnologien und Regulierung von Finanzmärkten
Vermögenspreise und Konsum
Vermögenspreise und Konsum, Volume: 6, Februar, 2005
Revival of Aggregate Demand Policies
Revival of Aggregate Demand Policies, Volume: 51, 2005, Pp 495-507
Ansteckungseffekte in einer Zinsfalle
2005, Pp 215-234
Understanding the Digital Economy
MIT Press Cambridge, Juni, 2006
The Optimal Regulation of Product Quality under Monopoly
Economics Bulletin, Volume: 12(13), 2006, Pp 1-4
A Survey on Moral Hazard, Contracts, and Social Preferences
in Psychology, Rationality and Economic Behaviour: Challenging Standard Assumptions, Editors: Bina Agarwal and Alessandro Vercelli, 2005
Wage Indexation and Monetary Policy, Journal of Institutional and Theoretical Economics
Journal of Institutional and Theoretical Economics, Volume: 162(3), 2006, Pp 486-504
Publicité limitée de l’information et sur-réaction aux annonces lors des épisodes spéculatifs
Revue Économique, Volume: 57(3), 2006, Pp 399-405
Optimal Degree of Public Information Dissemination
Economic Journal, forthcoming
Optimal Contracts under Inequity Aversion
Personal Oekonomisches Kolloquium, March, 2005
Keywords: Contract theory; linear contracts; incentives; sufficient statistics result; inequity aversion
JEL classification: D23, D63, J31, J33, M12, Z13
A Model of Delegation in Contests
Annual Conference of the Royal Economic Society, March, 2005
Keywords: Strategic Delegation; Rent Seeking; Arms Races; Distributional Conflict
JEL classification: D72, D73, D4, P16
The Chopstick Auction: A Study of the Exposure Problem in Multi-Unit Auctions
EEA Conference, August, 2004
Spectrum Auctions and Competition in Telecommunications
The MIT Press, January, 2004
Asset Prices and Monetary Policy, Comment on: Carsten Detken, Frank Smets: Asset Price Booms and Monetary Policy
Horst Siebert: Macroeconomic Policies in the World Economy, 2004
Financial Fragility, Bubbles, and Monetary Policy
Hans-Werner Sinn, Mika Widgrén and Marko Köthenbürger: European Monetary Integration; The MIT Press, 2004, Pp 141-169
CESifo Economic Studies
CESifo Economic Studies, 2004
The Theory of Global Games on Test: Experimental Analysis of Coordination Games with Public and Private Information
Econometrica , Volume: 72 (5), 2004, Pp 1583-1599
Keywords: Coordination game, global game, payoff dominance, private information, public information, risk dominance, speculative attack, strategic uncertanity
JEL classification: C72, C91, D82, E58
Nachfragestimulierung statt Strukturreform - mit gebührenfreiem Rezept aus der deutschen Krise?
HWWA Wirtschaftsdienst - Zeitschrift für Wirtschaftspolitik, Volume: 84 (3), March, 2004
Geldpolitik in den USA - Die Fed in der Zinsfalle?
ifo Schnelldienst, Volume: 6, 2004
Die Theorie globaler Spiele: Private Information als Mittel zur Vermeidung multipler Gleichgewichte
Journal für Betriebswirtschaft, Volume: 55 (3), 2005, Pp 209-241
Keywords: global games, Informationspolitik, Koordinationsspiele, multiple Gleichgewichte, Netzwerkeffekte, private Information, öffentliche Information, refinements, spekulative Attacken
JEL classification: C72, D82, E58
Optimal Risk Taking and Information Policy to Avoid Currency and Liquidity Crises
Journal of Institutional and Theoretical Economics, Volume: 161 (3), 2005, Pp 374-391
Keywords: coordination game, multiple lenders, private information, public information, speculative attacks, transparency
JEL classification: D82, F31, G33
C4 - Experimentelle Analyse von rationalen und beschränkt rationalen Theorien des Marktverhaltens
Herding and Contrarian Behavior in Financial Markets: An Internet Experiment
American Economic Review, Volume: 95(5), 2005, Pp 1403-1426
together with A5
In Search of Workers' Real Effort Reciprocity - A Field and A Laboratory Experiment
Journal of the European Economic Association, June, 2008
Learning Direction Theory and the Winner’s Curse
Experimental Economics, Volume: 8, 2005, Pp 5-20
Keywords: experimental economics, learning, individual decision making
JEL classification: C91, D81, D83
Neutral versus Loaded Instructions in a Bribery Experiment
Experimental Economics, 2005
Herding and Contrarian Behavior in Financial Markets - An Internet Experiment
American Economic Review, Volume: 95(5), 2005, Pp 1403-1426
Learning to Like What You Have - Explaining the Endowment Effect
Economic Journal, Volume: 115, 2005, Pp 689-702
Why People Reject Advantageous Offers – Non-monotone Strategies in Ultimatum Bargaining (Evaluating a Video Experiment Run in PR China)
Journal of Economic Behavior and Organization, 2006
Keywords: ultimatum game, video experiments, strategy method, content analysis, non-monotonic strategies, social preferences
JEL classification: C78, C81, C91, C92, F00, O53, O5
Interactive Unawareness
Journal of Economic Theory, 2005
GLAD: A simple adaptive strategy that yields cooperation in dilemma games
Physica D: Nonlinear Phenomena, Volume: 200, 2005, Pp 133-138
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 A5
C5 - Wettbewerbspolitik als Steuerung von Wettbewerbsprozessen
Regulatory Entry Barriers and Entrants' Performance
Innovation and Entrepreneurship, in: Audretsch D., Falck O., Heblich S., Publisher:Edward Elgar Publishing, forthcoming
Measuring the Deterrence Effect of Competition Policy: The Competition Policy Indexes
Journal of Competition Law and Economics, 2011, 7 (1): 165-204
Infinity in the Lab. How Do People Play Repeated Games?
Theory and Decision, accepted for Publication
Finitely Repeated Prisoners' Dilemma Experiments without a Commonly Known End
International Journal of Game Theory, accepted for publication
Regulation and Investment in Network Industries: Evidence from European Telecoms
Journal of Law and Economics, accepted for publication
Advance-Purchase Discounts as a Price Discrimination Device
Journal of Economic Theory, Vol. 146(1), pages 141-162
Dynamic Merger Review
Journal of Political Economy, Vol. 118, No. 6 (December 2010) (pp. 1201-1251)
Competition for Scarce Resources
RAND Journal of Economics, September 2010, 524-548
Learning Dynamics in Research Alliances: A Panel Data Analysis
Research Policy, Vol.39 (6), pp.776-789
Can China benefit from adopting a binding emissions target?
Energy Policy, Vol. 38 (7), pp. 3763–3770
The Political Economy of Mobile Telecommunications Liberalization: Evidence from the OECD Countries
Journal of Comparative Economics, Vol.38 (2), pp.199-216
Vertical Merger, Collusion, and Disruptive Buyers
International Journal of Industrial Organization, April 2010, 350-
354
A model of technological breakthrough in the renewable energy sector
Ecological Economics, Vol.69 (2), 435-444
The Effects of Entry on Incumbent Innovation and Productivity
The Review of Economics and Statistics, Vol. 91(1), pp. 20-32
Settle for Now but Block for Tomorrow: The Deterrence Effects of Merger Policy Tools
Journal of Law and Economics, 2009, vol. 52, issue 3, pages 607-634
Lending by Cooperative Banks, Private Credit Banks and Saving Banks: An Emirical Analysis of Subsidized Loans for Young and Small Firms
Schmollers Jahrbuch - Zeitshrift für Wirtschafts- und Sozialwissenschaften (Journal of Applied Social Science Studies), vol. 129 (1), pp. 83-132
Welfare in Differentiated Oligopolies with more than Two Firms
International Journal of Industrial Organization, Vol.27 (4), pp. 501-507
Lending Decisions of Cooperative Banks, Private Credit Banks and Savings Banks: An Empirical Analysis of Subsidized Loans for Young and Small Firms
Journal of Applied Social Science Studies (Schmollers Jahrbuch -
Zeitschrift für Wirtschafts- und Sozialwissenschaften), pp. 83-132, (2009)
How Does Entry Regulation Influence Entry into Self-employment and Occupational Mobility?
Economics of Transition, 2009, pp.769-802
Domestic Rivalry and Export Performance: Theory and Evidence from International Airline Markets
Canadian Journal of Economics, vol. 42(2), pages 440-468
European Sate Aid Control: an economic Framework
Handbook of antitrust economics, ed. Paolo Buccirossi, 625–669. Cambridge: MIT Press
The impact of ISO 9000 Diffusion on Trade and FDI: A New Institutional Analysis
Journal of International Business Studies 39(4): 613-633 (2008)
A Short Overview of a Methodology for the Ex-Post Review of Merger Control Decisions
De Economist, 2008, vol. 156 (4), pp.453-475
Why Firms form (or don’t form) RJVs
Economic Journal, Vol 117, Issue 522, pp. 112-1144, 2007
Ökonimische Analyse des Begriffs significant impediment to effective competition
in Münchner Kommentar, Beck (ed), 2007
The Political Economy of EU Merger Control
Journal of Law and Economics, University of Chicago Press, vol. 50, pages 455-489
The Political Economy of European Merger Control: Evidence Using StockMarket Data
Journal of Law and Economics, University of Chicago Press, vol. 50, pages 455-489
Keywords: Merger Control, Event Studies, Lobbying, EU
JEL classification: L4, K21, C12, C1
Merger Remedies
S. Vogt, M. Albert and D. Schmidtchen(eds.):The More Economic Approach to European Competition Law, Conferences on the New Political Economy 24, Mohr Siebeck Verlag, Tübingen, 2007, Pp 255-266
Product Market Competition and Lobbying Coordination in the U.S. Mobile Telecommunications Industry
Journal of Industry, Competition, and Trade, 2007 (7), 9-29
Endogenous Costs and Price-Cost Margins
Journal of Industrial Economics, Vol. 54 (3), pp.351-368
European State Aid Control: an economic framework
The Economics of Competition Law, Cambridge, Mass.: MIT Press, forthcoming
The Impact of the New Substantive Test in European Merger Control
European Competition Journal, Vol. 2 (1), April 2006 , pp. 9-28(20)
On the Workings of a Cartell: Evidence from Norwegian Cement Industry
American Economic Review, Volume: 96(1), 2006, Pp 321-338
Weniger und effektiv: Ökonomische Prüfverfahren könnten die EU - Beihilfenkontrolle stärken
WZB Mitteilungen, Volume: 111, March, 2006, Pp 27-31
The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Businesss
Managerial and Decision Economics, Volume: 27(1), January-February, 2006, Pp 75-93
A Political Economy Model of Infrastructure Allocation: An Empirical Assement
Journal of Public Economics, Volume: 90(6-7), 2006, Pp 1133-1153
Analyse von Abhilfemaßnahmen im EU-Fusionsverfahren
J. Schwarze (ed.): Recht und Ökonomie im Europäischen Wettbewerbsrecht, Vol. 318. Baden Baden: Nomos, 2006, 71-83.
Ökonomische Analyse des Begriffs "significant impediment to effective competition"
Münchner Kommentar, Beck (ed.), 2006
EU Merger Remedies: An Empirical Assessemt
J. Stennek and V. Ghosal Eds., The political Economy of Antitrust, Contributions to Economic Analysis, North-Holland, forthcoming
Efficiency Gains from Mergers
European Merger Control: Do We Need an Efficiency Defense, Edward Elgar, 2006
Market Conduct and Endogenous Lobbying: Evidence from the U.S. Mobile Telecommunications Industry
Journal of Industry, Competition and Trade, 2006
Noch nicht Optimal: Die Wirkung von Auflagen in EU- Fusionskontollverfahren
WZB Mittelungen, Volume: 110, December, 2005, Pp 28-31
Antitrust Holdup Source, Cross-National Institutional Variation, and Corporate Political Strategy Implications for Domestic Mergers
Strategic Management Journal, Volume: 26(8), 2005, Pp 769-790
Export Orientation and Domestic Merger Policy: Theory and Some Empirical Evidence
Canadian Journal of Economics, Volume: 38(3), 2005, Pp 778-806
Keywords: merger-policy, international-effects, open-economy
JEL classification: L40, L00
Complementarity in Innovation Policy
European Economic Review, Volume: 49, August, 2005, Pp 1431 - 1450
JEL classification: L5, 031, 038
Industry Trade-Balance and Domestic Merger Policy: Empirical Evidence from U.S. Merger Policy for Manufacturing Sectors
Contemporary Economic Policy, Volume: 23(3), July, 2005, Pp 404-415
JEL classification: L40, F10
The Office of the Chief Competition Economist
Global Competition Review, June, 2005
Provision of Social Goods and Soft Budget Constraints
Journal of Comparative Economics, Volume: 33(1), March, 2005, Pp 47 - 58
Keywords: Dynamic Efficiency, Transitional Economy, Soft Budget Constraint, Social Goods, Subsidy
JEL classification: L13, L30
Bundling of Social and Private Goods and the Soft Budget Constraint
Journal of Comparative Economics, Volume: 33(1), March, 2005, Pp 47 - 58
Lobbying and Regulation in a Political Economy: Evidence from the U.S. Cellular Industry
Public Choice, Volume: 122(3-4), 2005
Editors' Introduction
International Journal of Industrial Organization, Volume: 23, 2005, Pp 665-668
Consumer Surplus vs. Welfare Standard in a Political Economy Model of Merger Control
International Journal of Industrial Organization, Volume: 23, 2005, Pp 829-848
The Transatlantic Antitrust Dialogue
Current Competition Law, The British Institut of International and Comparative Law, Volume: 3, 2005, Pp 142-152
Economic Analysis and Competition Policy Enforcement in Europe
Modelling European Mergers: Theory, Competition and Case Studies, Edward Elgar, 2005
Ökonomische Analyse in der EU Wettbewerbspolitik
Neueste Entwicklungen im europäischen und internationalen Kartellrecht, 11. Internationales Kartellrechtsforums, St. Gallen, Helbing & Lichtenhanh, Band 6, 2005
Der ökonomische Ansatz in der europäischen Wettbewerbspolitik
Monopolkommission: Zukunftsperspektiven der Wettbewerbspolitik, Nomos Verlag (ed.), Colloquium anlässlich des 30-jährigen Bestehens der Monopolkommission, 2005
Buyers' Alliances for Bargaining Power
Journal of Economics and Management Strategy, Volume: 13(4), 2004, Pp 731 - 754
Estimating Price-Cost Markups under Nonlinear Pricing competition
Journal of the European Economic Association, Volume: 2(2-3), April-May, 2004, Pp 1431-1450
Entry and Productivity Growth: Evidence from Microlevel Panel Data
Journal of the European Economic Association, Volume: 2(2-3), April-May, 2004, Pp 265-276
JEL classification: L5, L10, O31, O4
All Equilibria of the Vickrey Auction
Journal of Economic Theory, Volume: 114, 2004, Pp 170 - 177
The Impact of Horizontal Mergers on Rivals: Gains to Being Left Outside a Merger
Journal of Management Studies, forthcoming (2009)
C6 - Kommunikations- und Transporttechnologien, Industrie- und Regionalstruktur
Centralizing Information in Networks
Games and Economic Behavior, Elsevier, vol. 72(1), pages 149-162, May
Strategic Communication Networks
Review of Economic Studies, Vol. 77 (3), pp. 1072-1099
Access Regulation and the Adoption of VoIP
Journal of Regulatory Economics, Springer, vol. 35(2), pages 111-134, April 2010
Markets and Strategies
Cambridge University Press, Cambridge
Platform Competition and Seller Investment Incentives
European Economic Review, Vol. 54, pp. 1059-1076
With a Little Help from my Enemy: Comparative Advertising as a Signal of Quality
Journal of Economics and Managemant Strategy, Vol. 18 (4), pp. 1071-1094
Umbrella Branding and External Certification
European Economic Review, Vol. 53 (2), pp.186-196
Labor Pooling in R&D Intensive Industries
Journal of Urban Economics, Vol. 65 (1), pp. 99-111
The Actual Structure of eBay’s Feedback Mechanism and Early Evidence of the Effect of Recent Changes
International Journal of Electronic Business, Vol. 7, pp. 301–320
Innovation, convergence and the role of regulation in the Netherlands and beyond, Telecommunications Policy
Telecommunications Policy, Vol. 32 (11), pp. 744-754
Content and Advertising in the Media: Pay-TV versus Free-To-Air
International Journal of Industrial Organization, Vol. 26 (4), pp. 949-965
Monopoly Pricing under Demand Uncertainty: The Optimality of Clearance Sales
Economic Journal, forthcoming
Umbrella Branding and the Provision of Quality
International Journal of Industrial Organization, Vol. 26, pp. 546-556
Alliances between Competitor and Consumer Information
Journal of the European Economic Association, Vol 5 (4), pp. 823-845
Piracy of Digital Products: A critical Review of the Theoretical Literature
Information Economics and Policy, Volume: 18(4), pp. 449-476
Why the music industry may gain from free downloading - The role of sampling
International Journal of Industrial Organization, Vol. 24 (5), pp. 907-913
Leniency Policies and Illegal Transactions
Journal of Public Economics, vol. 90(6-7), pages 1281-1297, August 2006
Asymmetric Regulation of Access and Price Discrimination in Telecommunications
Journal of Regulatory Economics, 2005, Vol. 28 (3), pp. 327-343
Asymmetric Access Price Reguation in Telecommunications Markets
European Economic Review, Vol. 49 (2), pp.341-358
Competition in telecommunications: an introduction
Information Economics and Policy, Vol. 16 (3), pp. 315-321
Dynamic regulation and entry in telecommunications markets: a policy framework
Information Economics and Policy, Vol. 16 (3), pp. 411-437
A Strategic Approach to Software Protection: Comment
Journal of Economics and Management Strategy, 2004, Vol 13(2), pp.371-374
Reputation Mechanisms and Electronic Markets: Economic Issues for Procurement
Khi Thai et al. (eds.): Challenges in Public Procurement: an International Perspective, 2004
C7 - Organisation des Wertpapierhandels
Existence of Linear Equilibria in the Kyle Model with Multiple Informed Traders
Annals of Finance, 2005
together with A6
Insider Trading and Corporate Governance: The Case of Germany
European Financial Management, forthcoming, 2007
with André Betzer
Does Anonymity Matter in Electronic Limit Order Markets?
Review of Financial Studies, 2006
Keywords: Market Microstructure, Limit Order Trading, Anonymity, Transparency, Liquidity, Volatility Forecasts
JEL classification: G10, G14, G24
Estimating the Probability of Informed Trading - Does Trade Misclassification Matter?
Journal of Financial Markets, 2006
Keywords: Informed trading, market microstructure, trade classification
JEL classification: G12, G14, C52
An Analysis of Private Investors’ Stock Market Return Forecasts
Applied Financial Economics, 2006
Keywords: Behavioral Finance; Weekend effect; Weather effect
JEL classification: G14
Competition between exchanges: Xetra versus Euronext
European Financial Management, forthcoming, 2007
A Characterization of the Distributions That Imply Existence of Linear Equilibria in the Kyle Model
Annals of Finance, Volume: 2, 2006, Pp 73-85
Information-Based Relative Consumption Effects: Correction
Econometrica , Volume: 73, 2005, Pp 1383-1387
Who Knows What When? The Information Content of Pre-IPO Market Prices
Journal of Financial Intermediation, Volume: 14, 2005, Pp 466-484
Eine empirische Untersuchung der individualisierten Veröffentlichung der Vorstandsvergütung
Die Betriebswirtschaft, 2006
Keywords: Executive compensation, corporate governance, self regulation
JEL classification: G14, G30, G32
Estimating the Probability of Informed Trading - Does Trade Misclassification Matter?
Journal of Financial Markets, 2006
An Analysis of Private Investors' Stock Market Return Forecasts
Applied Financial Economies, 2006
C8 - Verhaltenstheoretische Implikationen für Märkte und Organisationen
Competition and Relational Contracts: The Role of Unemployment as a Disciplinary Device
Journal of the European Economic Association, accepted for publication
Other-regarding Preferences in General Equilibrium
The Review of Economic Studies, accepted for publication
An experimental test of the deterrence hypothesis
Journal of Law, Economics, & Organization, forthcoming 2012
Does parental employment affect children's educational attainment?
Economics of Education Review, Peer-reviewed:yes, Kind of outlet:Scientific journals, forthcoming
Reference Points and Effort Provision
American Economic Review, Vol. 101(2), April 2011, pp. 470-492
Performance Pay and Multi-dimensional Sorting: Productivity, Preferences and Gender
American Economic Review, Vol. 101(2), April 2011, pp. 556-590
Is the veil of ignorance only a concept about risk? An experiment
Journal of Public Economics, Vol. 94(11-12), December 2010, pp. 1062-1066
Exploiting Naivete about Self-Control in the Credit Market
American Economic Review, Vol. 100(5), October 2010, pp. 2279–2303
Direct Evidence on Risk Attitudes and Migration
Review of Economics and Statistics, Vol. 92(3) August 2010, pp. 684-689
Less fighting than expected - Experiments with wars of attrition and all-pay auctions
Public Choice, Vol. 144(1-2), July 2010, pp. 347-367
Are Risk Aversion and Impatience Related to Cognitive Ability?
American Economic Review, Vol. 100(3), June 2010, pp. 1238-1260
Moral Norms in a Partly Compliant Society
Games and Economic Behavior, Vol. 68(1), January 2010, pp. 255-274
Lab Experiments Are a Major Source of Knowledge in the Social Sciences
Science, Vol. 326(5952), October 2009, pp. 535-538
Futile Attempts at Self-Sontrol
Journal of the European Economic Association (Papers and Proceedings),
Vol. 7(2-3), pp. 423–434, April-May 2009
Homo Reciprocans: Survey Evidence on Behavioral Outcomes
Economic Journal, Vol. 119(536), March 2009, pp. 592-612
Competition and Price Variation when Consumers are Loss Averse
American Economic Review, Vol. 98(4), September 2008, pp. 1245–1268
Testing Theories of Fairness - Intentions Matter
Games and Economic Behaviour, Vol. 62(1), January 2008, pp. 287-303
Representative Trust and Reciprocity: Prevalence and Determinants
Economic Inquiry, Vol. 46(1), January 2008, pp. 84–90
The medial prefrontal cortex exhibits money illusion
PNAS, Vol. 106(13), 2008, pp. 5025-5028
Institutions and Contract Enforcement
IZA DP 3435, 2008
