Entrance MPI
Many goods are not obviously best provided by unregulated markets. This does not necessarily imply that government does a better job. But research can do society a service in defining why markets have a hard time with some goods, and in comparing institutional arrangements aiming at their provision. In a precise way, the problem is defined by the concept of public goods. Capitalising on the theory of mechanism design, it can be further improved. Using experimental methods, it can be put into perspective. Yet some social dilemmas are better analysed in alternative categories. It may even be preferable to start analytically from the political decision to intervene into markets. The institute tackles these questions from the combined perspectives of economics, law and psychology. While the institute started with applications from environmental problems, current work focuses on antitrust, regulation and financial stability.

Mit vielen Gütern kommen Märkte nicht gut zurecht. Dies bedeutet jedoch nicht unbedingt, dass Regierungen es besser machen. Die Wissenschaft kann der Gesellschaft einen Dienst erweisen, indem sie herausarbeitet, warum Märkte sich mit manchen Gütern schwertun, und indem sie institutionelle Arrangements vergleicht, die der Bereitstellung dieser Güter dienen. Das Problem wird durch das Konzept der öffentlichen Güter präzise definiert; durch die Theorie des Mechanismus-Design kann die Definition des Problems verfeinert, mit Experimenten kann sie in Perspektive gerückt werden. Manche sozialen Dilemmata versteht man aber besser in alternativen Kategorien. Womöglich ist es gar besser, analytisch bei der politischen Entscheidung anzusetzen, in die Märkte einzugreifen. Das Institut arbeitet an diesen Fragen interdisziplinär, aus der Sicht von Ökonomie, Recht und Psychologie. Seine Arbeit begann mit Fragen des Umweltschutzes. Heute sind Kartellrecht, Regulierung und die Stabilität der Finanzmärkte die wichtigsten Anwendungsfelder.


September 2017

Handelsblatt Ranking in Economics

Every two years, the Handelsblatt presents a ranking of German-speaking economists. The current list was published in early September 2017 and includes publications by over 3,000 researchers. The category "Current Research Performance" includes all publications from the past five years. Professor Dr Matthias Sutter is placed fifth in this list. The category "Life Achievement" features no less than three institute directors: Professor Martin Hellwig, PhD, is in second place, Matthias Sutter is 30th, and Professor Dr Werner Güth is placed 31st.

Current Research Performance
Prof. Dr. Matthias Sutter, ranked 5th

Life Achievement
Prof. em. Martin Hellwig, PhD, ranked 2nd
Prof. Dr. Matthias Sutter, ranked 30th
Prof. em. Dr. Werner Güth, ranked 31st

August 2017

The Institute welcomes its new director Prof. Dr. Matthias Sutter

The Institute welcomes its new director Prof. Dr. Matthias Sutter who is going to establish a research group on experimental economics. A native Austrian, Sutter received his PhD and habilitation in economics from the University of Innsbruck and was professor of experimental economics at the European University Institute in Florence, the University of Göteborg and the University of Innsbruck. Before moving to the MPI Bonn he was excellence professor at the University of Cologne where he remains affiliated. His research interests focus on the experimental analysis of credence goods markets and how economic preferences develop in childhood.

July 2017
Prizes awarded for dissertation on constitutional requirements of financial crisis management

One of the institute's current senior research fellows, Stefanie Egidy received dissertation prizes from the University of Würzburg in May 2017, the Bavarian American Academy in June 2017, as well as the Körber Foundation in July 2017 for her Ph.D. thesis "Finanzkrise und Verfassung" (Financial Crisis and the Constitution).

The latest award, a second prize of the Körber Foundation’s Deutscher Studienpreis, (endowed with 5,000 EUR), is granted annually for the most important dissertations with a significant relevance for society, and is considered to be one of Germany’s most prominent prizes for young researchers. The prize will be awarded to Stefanie Egidy by the President of the Bundestag Norbert Lammert in Berlin on December 11, 2017.

Stefanie Egidy's thesis will be published by Mohr Siebeck (Tübingen).

Recipients of the Deutscher Studienpreis 2017