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.
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).
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.
Dr. Stephan Luck has been awarded the Otto Hahn Medal for his work on liquidity provision by banks, shadow banks and the government, and the implications for financial stability. A particular focus of his dissertation has been on studying how the circumvention of regulatory requirements can erode financial stability, and how regulatory authorities can implement financial stability in the presence of regulatory arbitrage. The medal is awarded to young scientists in recognition of outstanding scientific achievements.
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:
On March 21, 2017, Martin Hellwig, who is a member of the European Parliament’s Expert Panel on Banking Union, participated in a hearing of the Economic and Monetary Affairs Committee of the European Parliament and presented a paper on: “Carving out legacy assets: a successful tool for bank restructuring?”
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.
The institute welcomes a guest researcher supported by the German government: Brazilian lawyer Nicole Fobe received the German Chancellor Fellowship For Tomorrow's Leaders, to fund a one-year research stay on the regulation of crypto-currencies (Bitcoin). Her fellowship is funded by the Alexander von Humboldt Foundation under the patronage of German chancellor Dr. Angela Merkel.
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!
On July 11, 2016, Martin Hellwig, who is a member of the European Parliament’s Expert Panel on Banking Union, participated in a hearing of the Economic and Monetary Affairs Committee of the European Parliament and presented a paper on: “Total Assets” versus “Risk Weighted Assets”: Does it matter for MREL requirements?.
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.
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.
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!
Siehe dazu auch den Artikel in der FAZ vom 10.9.14.
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).