Financial Scholars Oppose Eliminating "Orderly Liquidation Authority"

May 23, 2017

122 law and finance scholars, among them Martin Hellwig, have sent an open letter to Chairs and Ranking Members of the United States House Financial Services and Judiciary Committees and the United States Senate Banking and Judiciary Committees to protest the planned return to standard bankruptcy procedures for systemically important financial institutions:

Financial Scholars Oppose Eliminating "Orderly Liquidation Authority" As Crisis-Avoidance Restructuring Backstop


November 17, 2016

Prof. Martin Hellwig erhält den Ernst-Hellmut-Vits-Preis der Universitätsgesellschaft Münster. Dieser Preis "für einen hervorragenden wissenschaftlichen Beitrag, durch den Wege zur geistigen und materiellen Verbesserung des Lebens in der von Wissenschaft und Technik bestimmten Welt gewiesen werden" wird im zweijährigen Turnus vergeben, jeweils abwechselnd an einen Naturwissenschaftler und an einen Geistes- oder Sozialwissenschaftler.

Congratulations to Oliver Hart, Nobel Laureate

October 10, 2016

We enthusiastically congratulate Oliver Hart, a member of our Academic Advisory Council from 2005 to 2014, for being awarded the Bank of Sweden Prize in Economic Science in Memory of Alfred Nobel. Oliver Hart and his co-winner Bengt Holmström – and their co-authors – have profoundly affected our thinking about the role of contracts in channeling information and incentive problems when relations between contracting parties are affected by information asymmetries and/or moral hazard. Congratulations for a well-deserved honour!

Award for "The Leverage Ratchet Effect"

June 23, 2016

At the Annual Conference of the Western Finance Association, the paper „The Leverage Ratchet Effect“ by Anat Admati, Peter DeMarzo, Martin Hellwig, and Paul Pfleiderer (MPI Preprint 13/2013, revised 2015) was given the Charles River Associates Award for the best paper on corporate finance.

b.i.t. online innovation prize for Nathalie Hild

January 19, 2016

Nathalie Hild was awarded the b.i.t.-online innovation prize for her bachelor thesis on "Differenzierte Sprachförderung durch Öffentliche Bibliotheken: Konzeption einer Veranstaltungsreihe zur Förderung der phonologischen Bewusstheit"

Phonological awareness is one constituent of phonological processing and is considered to be an important predictor of the acquisition of literary language. The present paper demonstrates possibilities of differentiated preschool language training in the field of phonological awareness for children starting from the age of three and their parents by public libraries. A conception of a series of events to train this competence was based on the theoretical and practical part of this paper, which enfolds scientific findings according to phonological processing and phonological awareness and two programs to train this competence in day-care centers. In addition, there has been a validation of four library programs to promote early childhood literacy in the context of phonological awareness.

Winners of the prize "Zukunftsgestalter in Bibliotheken 2015" honored

May 27, 2015

On Wednesday, 27th May 2015, the librarians of the Max Planck Institute for Research on Collective Goods were awarded the prize "Zukunftsgestalter in Bibliotheken 2015" ("Shaping the Future in Libraries 2015") at the 104th Congress of German Librarians in Nuremberg.

JournalTouch is an innovative, interactive and intuitive tool that enables researchers to find what they are looking for by means of quicker and more target-oriented searches in digital journals, using information from the web.

The most important goal of the project was to incorporate JournalTouch into the researchers’ work routine at the institute. All activities are carried out without media disruption or manual application changes: browsing, filtering, finding and choosing articles, printing a pdf, sending or ordering, personal use of the chosen information, or the transfer of metadata to reference management systems.

JournalTouch creatively redesigns library services; these can be used by all libraries that wish to provide their target audiences with a tangible presentation of digital content. Further use of JournalTouch is encouraged!


Prizes awarded for Ph.D. thesis on Empirical Legal Studies

June 4, 2014

One of the institute's doctoral graduates, and current visiting researcher, Hanjo Hamann received dissertation prizes from Esche Schümann Commichau foundation (Hamburg) in April 2014, the University of Bonn and Deutsche Telekom corporation (Bonn) in May 2014, as well as the Max Planck Society for the Advancement of Science (Munich) in June 2014 for his Ph.D. thesis entitled "Evidence Based Jurisprudence. Methods and Epistemic Value of Empirical Research in Law, With Examples From Corporate Law".


The latest of these prizes, the Otto Hahn Medal For Junior Scientists Of The Max Planck Society, is named after the society's first president, German Nobel laureate Otto Hahn. The medal comes with a prize money of 7,500 Euro and was awarded to Hamann and eight other junior researchers from the humanities and social sciences at this year's general meeting of Max Planck Society in Munich on June 4th, 2014.

Hamann's thesis will be published in Germany by Mohr Siebeck publishers (Tübingen) during the second half of 2014. An accompanying research article is forthcoming in the Berkeley Business Law Journal (BBLJ), volume 11 issue 1 (2014).