Research
Our research focuses on individuals and groups (consumers, investors, managers etc.) whose interaction on markets determines the allocation of goods in an economy. We study the behavior of these decision makers and analyze the consequences, e.g. for prices, investment and welfare in an economy. In our research we do not only employ results from modern behavioral economics but we also contribute to the field of experimental economics ourselves.
Recent publications in refereed journals
Recent publications in refereed journals
"On the Private Provision of Intertemporal Public Goods with Stock Effects" (joint with P. Wichardt), Environmental and Resource Economics, 55, 2013, 245-255.
"Risk and Preference Reversals in Intertemporal Choice" (joint with Kirsten Rohde), Journal of Economic Behavior & Organization, 76, 2010, 654-668.
"Rational Investor Sentiment in a Repeated Stochastic Game with Imperfect Monitoring" (joint with Thorsten Hens and Bodo Vogt), Journal of Economic Behavior & Organization, 76, 2010, 669-704.
"Dynamic General Equilibrium and T-Period Fund Separation" (joint with Thorsten Hens and Peter Woehrmann), Journal of Financial and Quantitative Analysis, 45, 2010, 369-400.
"Iterated Reasoning and Welfare Enhancing Instruments in the Centipede Game" (joint with Philipp Wichardt), Journal of Economic Behavior & Organization, 74, 2010, 123-136.
"Providing Public Goods in the Absence of Strong Institutions" (joint with Philipp Wichardt), Journal of Public Economics, 93, 2009, 429-439.
"Direct versus Intermediated Finance: an Old Question and a New Answer," European Economic Review, 52, 2008, 28-54.
"A Note on the Impossibility of a Satisfactory Concept of Stability for Coalition Formation Games" (joint with Salvador Barberà), Economics Letters 95, 2007, 85-90.
"Evolutionary Choice of Markets" (joint with Marc Oliver Bettzüge), Economic Theory, 30, 2007, 453-472.