Publications of the Research Unit Market Design

  1. ZEW Discussion Paper // 2022

    First Best Implementation With Costly Information Acquisition

    We study mechanism design with flexible but costly information acquisition. There is a principal and four or more agents, sharing a common prior over the set of payoff-relevant states. The principal proposes a…

  2. ZEW Discussion Paper // 2022

    Motivated Beliefs in Auctions

    In auctions bidders are usually assumed to have rational expectations with regards to their winning probability. However, experimental and empirical evidence suggests that agent's expectations depend on direct…

  3. ZEW Discussion Paper // 2022

    Congestion Management Games in Electricity Markets

    This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information…

  4. ZEW Discussion Paper // 2022

    The Value of Decentralization Using the Blockchain

    Although blockchain technology and cryptocurrencies have grown in popularity over the past years, there does not seem to be a consensus if they bring any value to economic interactions. In this paper, I argue…

  5. ZEW Discussion Paper // 2022

    Non-standard Choice in Matching Markets

    We explore the possibility of designing matching mechanisms that can accommodate non-standard choice behavior. We pin down the necessary and sufficient conditions on participants’ choice behavior for the…

  6. Refereed Journal // 2022

    The asymmetric effect of narratives on prosocial behavior

    We study how positive narratives (stories in favor of a prosocial action) and negative narratives (stories in favor of a selfish action) influence prosocial behavior in a series of lab and online experiments…