Department of Economics

Publications

Selected Publications

Monotone comparative statics with separable objective functions
Economics Bulletin , August 2010, Vol. 30 no.3, pp. 2259-2269
Declining Valuations and Equilibrium Bidding in Central Bank Refinancing Operations, International Journal of Industrial Organization, January 2010, Volume 28, Issue 1, p30-43 (with Nuno Cassola, Natacha Valla)
Optimal Allotment Policy in Central Bank Open Market Operations, European Journal of Finance, June 2009, Vol. 15 Issue 4, p405-420 (with Nuno Cassola, Steen Ejerskov, and Natacha Valla)
Manipulation in Money Markets (joint with Nuno Cassola, Steen Ejerskov, and Natacha Valla), International Journal of Central Banking, 3(1), special issue, March 2007, 113-148.
The Effect of Sunk Costs on the Outcome of Alternating-Offers Bargaining between Inequity-Averse Agents Schmalenbach Business Review 58, special issue, April 2006, 184-203.
The Pure Theory of Multilateral Obligations: Comment, Journal of Institutional and Theoretical Economics 161, 2005, 259-263.
Procurement Auctions and Unit Price Contracts (PDF, 127 KB)
(with Karsten Fieseler), Rand Journal of Economics 34, 2003, pp. 568-580.
A short and intuitive proof of Marshall’s Rule (PDF, 284 KB)
Economic Theory 22, 2003, pp. 415-418.
Iterated Dominance in Strictly Competitive Games of Perfect Information (PDF, 618 KB)
Journal of Economic Theory 107, 2002, pp. 474-482.
Backward Induction and the Game-Theoretic Analysis of Chess Games and Economic Behavior 39, 2002, pp. 206-214.
The German UMTS Design: Insights from Multi-Object Auction Theory (with Benny Moldovanu), ifo-Studien 48, 2002, pp. 157-174, appeared also in: Illing, G. (ed.), Spectrum Auctions and Competition in Telecommunications, MIT Press, 2004.
Comments on: 'The Dutch UMTS Auction,' by Eric van Damme ifo-Studien 48, 2002, pp. 201-203, appeared also in: Illing, G. (ed.), Spectrum Auctions and Competition in Telecommunications, MIT Press, 2004.
Chess-like Games are Dominance Solvable in at Most Two Steps (PDF, 84 KB)
Games and Economic Behavior 33, 2000, pp. 41-47.
'Yes Men,' Integrity, and the Optimal Design of Incentive Contracts (PDF, 172 KB)
Journal of Economic Behavior and Organization 43, 2000, pp. 115-25. (with Patrick Schmitz)
Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Compliments? Comment American Economic Review 88 (4), 1998, p. 1027. (with Patrick Schmitz)
Rationality and the Definition of Consistent Pairs International Journal of Game Theory 27 (1), 1998, pp. 49-60.
Bayesian Optimization and Genericity Operations Research Letters 21, 1997, pp. 243-248.

Publications in German

Enabling Goal-Directed Planning and Control: Experiences with the Implementation of Value Management in an Internationally Operating Stock Exchange (PDF, 48 KB)
Zeitschrift für Controlling, July 2002, pp. 23-27.
Incomplete Contracts and the Boundaries of the Firm Das Wirtschaftsstudium 27 (8-9), 1998, pp. 880-882. (with Patrick Schmitz)
The Lock-in-Effect and the Hold-up-Problem Wirtschaftswissenschaftliches Studium 26, 1997, pp. 360-362. (with Patrick Schmitz)
Selected Applications of the Theory of Incomplete Contracts Jahrbuch für Wirtschaftswissenschaften 48 (1), 1997, pp. 57-69. (with Patrick Schmitz)
The Theoretical Foundation of Incomplete Contracts Homo Oeconomicus, XIII (4), 1996, pp. 501-514. (with Patrick Schmitz)

Publications in French

Liquidité des marchés financiers et prêteur en dernier ressort, Revue de la stabilité financière, Banque de France, 2008, Février, 145-160. (with Natacha Valla)

Working Papers

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