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