You can find a complete list of publications in the CV (PDF, 495 KB) of Armin Schmutzler.

Some of my recent work is presented in the list below. For a more structured view, the same list is also available through Bepress.


Current working papers:


Inducing Variety: A Theory of Innovation Contests (PDF, 495 KB)


Auctions vs. Negotiations – Evidence from the Procurement of Railway Services (PDF, 237 KB)


All-pay Auctions – Implementation and Optimality (PDF, 536 KB)


Hunting Unicorns? Experimental Evidence on Predatory Pricing Policies (PDF, 878 KB)

Online Appendix (PDF, 714 KB)


Cooperation and Mistrust in Relational Contracts (PDF, 392 KB)

Online Appendix (PDF, 372 KB)


Designing All-pay Auctions (PDF, 2500 KB)


Optimal Effort Incentives in Dynamic Tournaments (PDF, 527 KB)


Does Expanding Regional Train Service Reduce Air Pollution? (PDF, 622 KB)


The Benefits of Procurement Auctions: Competitive Pressure vs. Selection of Efficient Suppliers (PDF, 331 KB)





Optimal Effort Incentives in Dynamic Tournaments (PDF, 1384 KB)

Games and Economic Behavior, 103 (2017), 199-224, (with Arnd Heinrich Klein)


Does globalization create superstars? A simple theory of managerial wages (PDF, 356 KB)

European Economic Review, 71 (2014), 34-51, (with Hans Gersbach)


Explaining Gift Exchange – The Limits of Good Intentions

Journal of the European Economic Association 12 (2014), 1586-1616, (with Nick Netzer)


Lobbying and the Power of Mulitnational Firms

European Journal of Political Economy 36 (2014), 209-227, (with Adrian Müller and Andreas Polk)


Competition and Investment - A unified approach?

International Journal of Industrial Organization (2013), 477-487


Cost-reducing investments - An experimental approach? (PDF, 210 KB)

Homo Oeconomicus (2013), 189-207


A Product Market Theory of Industry-Specific Training

RAND Journal of Economics 43 (2012), 475-491, (with Hans Gersbach)


A Unified Approach to Comparative-Statics Puzzles in Experiments

Games and Economic Behaviour  71 (2011), 212-223


Foreign Direct Investment and R&D Offshoring

Oxford Economic Papers 63 (2011), 134–157, (with Hans Gersbach)


Is there a U-shaped relation between competition and investment?

International Journal of Industrial Organization 29 (2011), 65-73, (with Dario Sacco)


Local Transporation Policy and the Environment

Environmental and Resource Economics 48 (2011), 511–535 


Competition and innovation: an experimental investigation

Experimental Economics 13, (2010), 439-460, (with Donja Darai and Dario Sacco)


Self-Reinforcing Market Dominance

Games and Economic Behavior 67 (2009), 481-502, (with Daniel Halbheer, Ernst Fehr and Lorenz Götte)


Merger Negotiations and Ex-Post Regret

Journal of Economic Theory  144 (2009), 1636-1664, (with Dennis Gärtner)


Exploring the Effects of Competition for Railway Markets (PDF, 212 KB)

International Journal of Industrial Organisation, 26 (2008), 443-458, (with Rafael Lalive)


Entry in liberalized railway markets: the German experience

Review of Network Economics 7 (2008), 37-52, (with Rafael Lalive)


Intimidating Competitors - Endogenous Vertical Integration and Downstream Investment iin Successive Oligopolies

International Journal of Industrial Organisation, 26 (2008), 247-265, (with Stefan Bühler)


Small Scale Entry vs. Acquisitions of Small Firms: Is Concentration Self-Reinforcing?

Journal of Economic Behavior & Organization  65 (2008), 133-146, (with Zava Aydemir)


What does it take to sell Environmental Policy? An Empirical Analysis for Switzerland (PDF, 198 KB)

Environmental and Resource Economics 33 (2006), 441-462, (with Daniel Halbheer and Sarah Niggli)


Lobbying against Environmental Regulation vs. Lobbying for Loopholes (PDF, 293 KB)

European Journal of Political Economy 21 (2005), 915-931, (with Andreas Polk)


Asymmetric Vertical Integration (PDF, 287 KB)

Advances in Theoretical Economics  5 (2005), (with Stefan Bühler)


Infrastructure Quality in Deregulated Industries: Is there an Underinvestment Problem? (PDF, 274 KB)

International Journal of Industrial Organisation 22 (2004), 253-267, (with Stefan Bühler and Men-Andri Benz)



Endogenous Spillovers and Labor Contracts (PDF, 602 KB)

Journal of Economics and Management Strategy 12 (2003), 179-206, (with Hans Gersbach)      


Endogenous Spillovers and Incentives to Innovate (PDF, 570 KB)

Economic Theory 21 (2003), 59-79, (with Hans Gersbach)        


Investment and market dominance (PDF, 289 KB)

RAND Journal of Economics 32 (2001), 1-26, (with Susan Athey)


Environmental Regulation and Managerial Myopia

Environmental and Resource Economics 18 (2001), 87-100


Declining Costs of Communication and Transportation: What are the Effects on Agglomerations?

European Economic Review 44 (2000), 1745-1761, (with Hans Gersbach)


When do Firms Benefit from Environmental Regulation? (PDF, 141 KB)

Schweizerische Zeitschrift für Volkswirtschaft und Statistik 136 (2000), 513-530, (with Dario Bonato)


External Spillovers, Internal Spillovers, and the Geography of Production and Innovation

Regional Science and Urban Economics 29 (1999), 679-696, (with Hans Gersbach)


The New Economic Geography (PDF, 302 KB)

Journal of Economic Surveys 13, 355-380 (1999)


Changing Places - the Role of Heterogeneity and Externalities in Cumulative Processes

International Journal of Industrial Organization 16 (1998), 445-462


The Choice between Emission Taxes and Output Taxes under Imperfect Monitoring

Journal of Environmental Economics and Management 32 (1997), 51-74, (with Lawrence C. Goulder)


Pollution Control with Imperfect Information

Environmental and Resource Economics 7 (1996), 251-262


Product and Process Flexibility in an Innovative Environment

RAND Journal of Economics 26 (1995), 557-574, (with Susan Athey)


Flexibility in Intemporal Decision Making

Swiss Journal of Economics and Statistics 128 (1992), 185-204


A Brief Introduction to Neo-Austrian Capital Theory

Seoul Journal of Economics 3 (1990), 13-31, (with Malte Faber)