Robert Wilson und Paul Milgrom erhielten am 10. Dezember 2020 den Preis der Schwedischen Nationalbank für Wirtschaftswissenschaften zu Ehren von Alfred Nobel. Die Ökonomen erhielten den Preis für ihre Beiträge zur Auktionstheorie und für die Entwicklung neuer Auktionsformate.

Economists praise the efficiency of the price mechanism in allocating scarce resources. Others, however, often reject it as unfair. In this study, we investigate the extent to which economists also differ from non-economists in how they value the fairness of the price system, and examine how...

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals' incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...

We use the negotiations for large-scale open-access agreements between German research institutions and leading academic publishers to study how changes in the attractiveness of various journals affect the publication behavior of researchers in economics and adjacent fields. First, as German...

We use the negotiations for large-scale open-access agreements between German research institutions and leading academic publishers to study how changes in the attractiveness of various journals affect the publication behavior of researchers in economics and adjacent fields. First, as German...

We use the negotiations for large-scale open-access agreements between German research institutions and leading academic publishers to study how changes in the attractiveness of various journals affect the publication behavior of researchers in economics and adjacent fields. First, as German...

Many cartels are formed by individual managers of different firms, but not by firms as collectives. However, most of the literature in industrial economics neglects individuals’ incentives to form cartels. Although oligopoly experiments reveal important insights on individuals acting as firms,...