Interview with Svenja Hippel in Harvard Business Manager

Rooms with sea view, flights non-stop, seats with more legroom: When booking online, you can precisely sort the hits via filters. The price for this convenience: Disclosing your preferences. Who profits more from these filters? The costumer or the retailer? The behavioral economists Svenja Hippel and Adrian Hillenbrand discovered in their experiment: Mainly the retailers profit. Collecting data helps them to accomplish higher prices.

Symposium to Celebrate Martin Hellwig’s 70th birthday

The institute held a symposium in the honor of Martin Hellwig, on the occasion of his 70th birthday. Nobel laureates Oliver Hart and Jean Tirole gave keynotes. Philippe Aghion held the laudatio...

Otto Hahn Medal for Angelo Romano

Every year, the Max Planck Society awards a selection of junior scientists the Otto Hahn Medal for their outstanding scientific achievements. Angelo will get the prize for his work on human cooperation and parochial altruism across societies.

Christoph Engel held second Franz Böhm lecture at Walter Eucken Institute

Franz Böhm Is Dead. Long Live Franz Böhm! Possibilities of Integrating Economics and Legal Studies in a Changed Environment. The Freiburg School of the 1930s and 40s was particularly marked by cooperation between legal scholars and economists. For the founders of the Freiburg School, the jurist Franz Böhm and the economist Walter Eucken, it was perfectly natural that these two areas should work together in order to explain the influence of institutional conditions on economic life.

BeSmart

The Max Planck Society has established the new International Max Planck Graduate School on Behaviorally Smart Institutions (or in short BeSmart). The school will be hosted by the MPI. It partners with the Faculty of Management, Economics and Social Sciences at Cologne University and the Legal Department of Bonn University nationally, and internationally with the Rady School of Management at UC San Diego, the Norwegian School of Economics, the Center of Law and Economics at ETH Zurich, and the Law School at Hebrew University, Jerusalem. ...