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.

News

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

June 2017

Doctor honoris causa for Christoph Engel

Hebrew University in Jerusalem has conferred the degree of Doctor honoris causa to Christoph Engel, in recognition of his outstanding contribution to legal scholarship, and in particular to the advancement of interdisciplinary and empirical legal scholarship.
© Bruno Charbit

June 26, 2017

Institute begets one of "100 Landmarks" in Germany 2017

As unveiled on 26 June, the Max Planck Institute for Research on Collective Goods is home to one of "100 Landmarks of 2017" in the German government's "Land of Ideas" initiative. German President Frank-Walter Steinmeier signed the "Federal Courts Dataset" developed at the institute into a list of 100 German places recognized as being both outstandingly innovative and socially impactful. The dataset, developed by senior research fellow Hanjo Hamann with external funding by Wikimedia Germany and the Stifterverband, was awarded under the annual competition's 2017 motto "Open your mind and unfold new ideas". On a dedicated website, the Federal Courts Dataset allows anyone to browse the judicial responsibilities and staffing of Germany's seven highest courts since World War II, thus promoting the digital access to justice in Europe.

Homepage Land der Ideen