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Staff of the Max Planck Institute

Prof. Dr. Axel Ockenfels

	Prof. Dr. Axel Ockenfels
	Max Planck Institute of Economics, Strategic Interaction Group Kahlaische Straße 10 D-07745 Jena Germany
	This page is not maintained anymore. Please visit the current homepage of Axel Ockenfels.

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Curriculum Vitae

Employment
2003- ....	Full Professor (C4) at the Economics Department of the University of Cologne and Director of the Institute of Energy Economics. New address: Universität zu Köln, Staatswissenschaftliches Seminar, Albertus Magnus Platz, D-50931 Köln, Germany.
2002- 2003	Research Group Leader (C3) at the Max Planck Institute of Economics (Strategic Interaction Group).
2001- ....	Emmy Noether-fellow (phase II) of the Deutsche Forschungsgemeinschaft (Project title: "Economic Design of Online-Auctions").
2000-2001	Assistant Professor, Faculty of Economics and Management, University of Magdeburg.
1999-2000	Postdoctoral Research Fellow, Harvard Business School (Prof. Alvin Roth), Harvard University.
1996-1997	Research stay at the Department of Management Science and Information Systems (Prof. Gary Bolton), Penn State University.
1995-1999	Wissenschaftlicher Mitarbeiter, Faculty of Economics and Management (Prof. Joachim Weimann), University of Magdeburg.
1992-1995	Research Assistant at the Institute for International Economics (Prof. Manfred J.M. Neumann) and at the Department of Economic Theory II (Prof. Werner Hildenbrand), University of Bonn.
1991-1994	Teaching Assistant for Macroeconomics, Microeconomics, and Econometrics, University of Bonn.

Education
2002	Habilitation (Venia Legendi in Economics), University of Magdeburg Otto von Guericke-Research Prize 2001 of the University of Magdeburg (awarded to the whole Team of the Magdeburg Laboratory for Experimental Economics)
1998	Ph.D. (Economics), University of Magdeburg Economic Science Association's prize for best Ph.D. thesis in 1997/1998; Prize of the Faculty of Economics and Management/University of Magdeburg for best Ph.D. thesis
1994	Diplom (Economics), University of Bonn Heinz-Sauermann-Award for best diploma thesis in 1995/1996

Research Topics

• Game Theory
• Experimental Economics
• Market Design & Auctions
• Microeconomics & Industrial Organization
• Reciprocity & Fairness
• Bounded Rationality

see also Press

Publications

• Late and Multiple Bidding in Second Price Internet Auctions: Theory and Evidence Concerning Different Rules for Ending an Auction. Games and Economic Behavior, forthcoming (with Alvin E. Roth).
• Bridging the Trust Gap in Electronic Markets A Strategic Framework for Empirical Study. In: E Akcali, J. Geunes, P.M. Pardalos, H.E. Romeijn und Z.J. Shen (Hrsg.), Applicatons of Supply Chain Management and E-Commerce Research in Industry, Kluwer Academic Publishers, forthcoming (with Gary Bolton and Elena Katok).
• Last-Minute Bidding and the Rules for Ending Second-Price Auctions: Evidence from eBay and Amazon on the Internet. American Economic Review, September 2002, 92(4), 1093-1103 (with Alvin Roth).
• The Timing of Bids in Internet Auctions: Market Design, Bidder Behavior, and Artificial Agents. Artificial Intelligence Magazine, Fall 2002, 79-87 (with Alvin E. Roth).
• Reputationsmechanismen auf Internet-Marktplattformen: Theorie und Empirie.. Zeitschrift für Betriebswirtschaft, 73(3), 295-315.
• The Effect of Communication Media on Cooperation. German Economic Review, 4(2), 217-241 (with Jeannette Brosig and Joachim Weimann).
• Fairness versus Efficiency: An Experimental Study of (Mutual) Gift Giving. Journal of Economic Behavior and Organization, 2003, 50, 465-475 (with Werner Güth and Hartmut Kliemt).
• Retributive Responses. Journal of Conflict Resolution, August 2001, 45(4), 453-469 (with Werner Güth and Hartmut Kliemt).
• An Experiment on the Hypothesis of Involuntary Truth-Signalling in Bargaining. Games and Economic Behavior, October 2000, 33(1), 90-116 (with Reinhard Selten); reprinted in Geoffrey M. Hodgson (ed.): Critical Studies in Economic Institutions, Volume on Trust, Northampton: Edward Elgar Publishing Ltd.
• Evolutionary Norm Enforcement. Journal of Institutional and Theoretical Economics, June 2000, 156(2),335-347 (with Werner Güth).
• ERC - A Theory of Equity, Reciprocity and Competition. American Economic Review, March 2000, 90(1), 166-193 (with Gary E. Bolton; according to the ISI Essential Social Science Indicators (SM) this paper qualified as a "hot paper" in March 2002 since it has attracted more attention in the previous two-month period than all other papers published in the previous two-year period in the field "Economics and Business"; see also Homo ERC.
• Self-centered Fairness in Games with More than Two Players, in: Charlie Plott and Vernon Smith (eds.), Handbook of Experimental Economics Results, North Holland: Amsterdam, forthcoming (with Gary E. Bolton).
• Testing Theories of Other-regarding Behavior - A Sequence of Four Laboratory Studies, in: Charlie Plott and Vernon Smith (eds.), Handbook of Experimental Economics Results, North Holland: Amsterdam, forthcoming (with Gary E. Bolton, Jordi Brandts, Elena Katok, and Rami Zwick).
• Types and Patterns - An Experimental East-West-German Comparison of Cooperation and Solidarity. Journal of Public Economics, February 1999, 71(2), 275-287 (with Joachim Weimann).
• Measuring Motivations for the Reciprocal Responses Observed in a Simple Dilemma Game. Experimental Economics, December 1998, 1(3), 207-219 (with Gary E. Bolton and Jordi Brandts).
• Strategy and Equity: An ERC-Analysis of the Güth-van Damme Game. Journal of Mathematical Psychology, June 1998, 42(2), 215-226 (with Gary E. Bolton).
• An Experimental Solidarity Game. Journal of Economic Behavior and Organization, March 1998, 34(4), 517-539 (with Reinhard Selten).
• Fairneß, Reziprozität und Eigennutz - Ökonomische Theorie und experimentelle Evidenz. Die Einheit der Gesellschaftswissenschaften, Bd. 108, Tübingen: Mohr Siebeck, 1999 (see also reviews).
• The Coevolution of Trust and Institutions in Anonymous and Non-anonymous Communities, in: M.J. Holler, H. Kliemt, D. Schmidtchen and M. Streit (eds.), Jahrbuch für Neue Politische Ökonomie, 20, Tübingen: Mohr Siebeck, forthcoming (with Werner Güth).
• New Institutional Structures on the Internet: The Economic Design of Online Auctions, in: M.J. Holler, H. Kliemt, D. Schmidtchen and M. Streit (eds.), Jahrbuch für Neue Politische Ökonomie, 20, Tübingen: Mohr Siebeck, forthcoming.
• What is the Role of Culture in Bounded Rationality?, in: Gigerenzer and Selten (eds.), Bounded Rationality: The Adaptive Toolbox, Dahlem Workshop Report. Cambrige, MA: MIT University Press, 2001, 343-360 (with J. Henrich, W. Albers, R. Boyd, G. Gigerenzer, K.A. McCabe, and H.P. Young).
• Ökonomisches Marktdesign: Neue Herausforderungen in der neuen Ökonomie. Old and New Economy auf dem Weg in eine innovative Symbiose? Dominanz der Prozesse-Flexibilität der Strukturen-Konstanz der ökonomischen Grundregeln, Hanns Martin Schleyer-Stiftung, 2001, 162-163.
• Die Kunst der Marktarchitektur. Opensource, June/July 2001, 20.
• The Supply Side of Organ Allocation. Analyse und Kritik, December 2001, 23, 280-285 (with Joachim Weimann).
• Book Review of Theo Offerman's "Belief and Decision Rules in Public Good Games". European Journal of Political Economy, 1998, 14, 803-806.

Working Papers:

• An Experimental Analysis of Ending Rules in Internet Auctions. Working Paper, Harvard Business School, 2002 (with Dan Ariely and Alvin E. Roth).
• What's in a Reputation? Indirect Reciprocity in an Image Scoring Game. Working Paper, Smeal College of Business Administration, Penn State University, 2001 (with Gary E. Bolton and Elena Katok).
• A Stress Test of Fairness Measures in Models of Social Utility. Working Paper, University of Magdeburg, 2002 (with Gary E. Bolton).
• The Coevolution of Morality and Legal Institutions - An indirect evolutionary approach. Working Paper, Max Planck Institute of Economics, 2002 (with Werner Güth).
• Fair Procedures: Evidence from Games Involving Lotteries. Working Paper, Penn State University, first version: December 2001, current version: February 2003 (with Gary E. Bolton and Jordi Brandts).
• Impulse Balance Equilibrium and Feedback in First Price Auctions. Working Paper, Max-Planck-Institute for Research into Economic Systems, 2002 (with Reinhard Selten).
• How Effective are Online Reputation Mechanisms? An Experimental Investigation. Working Paper, Max-Planck-Institute for Research into Economic Systems, 2002 (with Gary E. Bolton and Elena Katok; pdf).
• Information and Communication in Sequential Bargaining. Working Paper, University of Magdeburg, 2002 (with Jeannette Brosig and Joachim Weimann).
• The Behavioral Tradeoff between Efficiency and Equity when a Majority Rules. Working Paper, Max-Planck-Institute for Research into Economic Systems, 2002 (with Gary E. Bolton).

Refereeing:

Academy of Sciences of the Czech Republic, American Economic Review, Deutsche Forschungsgemeinschaft, Econometrica, Economica, Economic Inquiry, Economic Journal, Economic Science Association, Economics Letters, Environmental and Resource Economics, European Economic Review, European Journal of Political Economy, Experimental Economics, Finanzarchiv, Games and Economic Behavior, German Economic Review, Journal of Economic Behavior and Organization, Journal of Economic Dynamics and Control, Journal of Economic Literature, Journal of Economic Psychology, Journal of Evolutionary Economics, Journal of Institutional and Theoretical Economics, Journal of Mathematical Psychology, Journal of Political Economy, Journal of Public Economics, Labour Economics, Management Science (Associate Editor for a special issue on "Electronic Markets"), National Science Foundation, Operations Research, Proceedings of the National Academy of Sciences, Quarterly Journal of Economics, RAND Journal of Economics, Review of Economic Studies, Scandinavian Journal of Economics, Science, Theory and Decision, Verein für Socialpolitik, WWW2003 (Program Committee), Zeitschrift für Betriebswirtschaft

Talks (selection):

Ann Arbor (U of Michigan, Economics Department, School of Information), Atlanta (ASSA), Augsburg (U), Bergen (IAREP), Berlin (Dahlem, GEABA, GEW, Humboldt U), Bern (U), Bielefeld (U, ZiF), Bloomington (Indiana U), Bonn (MPI, U), Boston (AEA), Cambridge (ESA, MIT), Chemnitz (U), Chicago (Northwestern U), Clausthal (U), Columbus (U, Mershon Institute), Copenhagen (U), Dagstuhl (Seminar), Dortmund (U), Erfurt (U), Frankfurt (U), Fribourg (Sozialwissenschaftlicher Ausschuss), Gerzensee (ESSET), Gießen (GEW), Halle (GEW), Harvard (Economics Department, Business School), Helmstedt (NPÖ), Hohenheim (U), Innsbruck (Vereinstagung), Istanbul (EEA), Jena (MPI, Summer School), Karlsruhe (U), Kassel (Vereinstagung), Koblenz (Sozialwissenschaftlicher Ausschuss, GEABA), Köln (U), Magdeburg ('Festvortrag', GEW, U, Vereinstagung), Mainz (U), Mannheim (EEA, U, SFB 504), Meißen (GEW), Montreal (CIRANO), München (U), New Orleans (AEA, Econometric Society, ESA), New York (ESA), Osnabrück (U), Oxford (EBB), Paris (IAREP), Pittsburgh (U), Prague (CERGE-EI), Regensburg (U), Rostock (Vereinstagung), Rotterdam (U), Saarbrücken (U), St. Gallen (U), State College (Penn State U, eBRC), Tilburg (CentER), Utrecht (ICS), West Lafayette (Purdue U), Wittenberg (GEW)

Teaching

• Teaching at the University of Magdeburg, Faculty of Economics and Management

External links

Collaborators

• Dan Ariely (MIT, Cambridge)
• Gary Bolton (Penn State University)
• Jordi Brandts (Institut d'Anàlisi Econòmica, Barcelona)
• Jeannette Brosig (University of Magdeburg)
• Anthony DeJasay
• Werner Güth (Max Planck Institute, Jena)
• Elena Katok (Penn State University)
• Hartmut Kliemt (University of Duisburg)
• Al Roth (Harvard University)
• Reinhard Selten (University of Bonn)
• Joachim Weimann (University of Magdeburg)
• Rami Zwick (Hong Kong University)

Economics

• American Economic Association
• CESifo
• Economic Science Association
• EDeN
• Game Theory Society
• German Economic Association for Business Administration
• Gesellschaft für Experimentelle Wirtschaftsforschung
• Verein für Socialpolitik

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