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.

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.
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...

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...
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.

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.
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.

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.
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. ...

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. ...

Upcoming Events

Karen McAuliffe

Using Corpus Linguistics in Legal Research
May 27, 2019 11:00
MPI, Room: Basement

Michael A. Livermore

Using Genetic Data to Estimate Causal Influences in the Obesity-SES Relationship
May 27, 2019 14:00
MPI, Room: Basement

Matthew Smith

The Future of IT-Security: Usability, Empiricism and AI
May 27, 2019 16:00
MPI, Room: Basement

Recent Articles

Balafoutas, Loukas; Sutter, Matthias
European Economic Review, forthcoming.

Boosey, Luke; Brookins, Philip; Ryvkin, Dmitry
Games and Economic Behavior, 2019, 113, pp. 756-769.

Bigoni, Maria; Bortolotti, Stefania; Casari, Marco; Gambetta, Diego
The Economic Journal, 2019, 129 (619), pp. 1139-1152.

Recent Discussion Papers

Balafoutas, Loukas; Sutter, Matthias
How uncertainty and ambiguity in tournaments affect gender differences in competitive behavior

Charness, Gary; Feri, Francesco; Meléndez-Jiménez, Miguel A.; Sutter, Matthias
An Experimental Study on the Effects of Communication, Credibility, and Clustering in Network Games

Lindner, Florian; Kirchler, Michael; Rosenkranz, Stephanie; Weitzel, Utz
Social Status and Risk-Taking in Investment Decisions

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