gesy: Publications

1

Felix Bierbrauer and Martin Hellwig

Public-Good Provision in a Large Economy

Preprint 2010/02, Max Planck Institute for Research on Collective Goods, R&R for Econometrica, 2010

2

Anat R. Admati, Peter DeMarzo, Martin Hellwig and Paul Pfleiderer

Fallacies, Irrelevant Facts and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive, Rock Center for Corporate Governance

Stanford University Working Paper No. 86, Stanford Graduate School of Business Research Paper No. 2063, Preprint, No. 2010/42 Max Planck Institute for Research on Collective Goods, September 2010

3

Fabian Herweg, Daniel Müller and Philipp Weinschenk

Binary Payment Schemes: Moral Hazard and Loss Aversion

American Economic Review, Vol. 100(5), December 2010, pp. 2451-2477

4

Martin Hellwig

Incentive Problems with Unidimensional Hidden Characteristics: A Unified Approach

Econometrica, Vol. 78(4), July 2010, pp. 1201-1237

5

Martin Hellwig

Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis

De Economist, Vol. 157, 2009, pp. 129-207

6

Felix Bierbrauer

Incomplete Contracts and Excludable Public Goods

Journal of Public Economics, accepted for publication

7

Felix Bierbrauer (joint with Marco Sahm)

Optimal Democratic Mechanisms for Income Taxation and Public Good Provision

Journal of Public Economics, Vol. 94, 2010, pp. 453-466

8

Susanne Prantl

The Impact of Firm Entry Regulation on Long- living Entrants

Small Business Economics, in press, June 2010

9

Carsten Burhop (joint with Christian Bayer (NA))

Corporate Governance and Incentive Contracts: Historical Evidence from a Legal Reform

Explorations in Economic History, Kind of outlet: Scientific journals, 2009

10

Jos Jansen

Strategic Information Disclosure and Competition for an Imperfectly Protected Innovation

Journal of Industrial Economics, Vol. 58(2), June 2010, pp. 349-372

11

Felix Bierbrauer

Optimal Income Taxation and Public Good Provision with Endogenous Interest Groups

Journal of Public Economic Theory, Vol. 11(2), April 2009, pp. 311–342

12

Martin Hellwig

Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability

The Swiss National Bank 1907-2007, July 2007, pp. 741-780

13

Isabel Schnabel

The Role of Liquidity and Implicit Guarantees in the German Twin Crisis of 1931

Journal of International Money and Finance, Vol. 28, 2009, pp. 1-25

14

Martin Hellwig

A Reconsideration of the Jensen-Meckling Model of Outside Finance

Journal of Financial Intermediation, Vol. 18(4), October 2009, pp. 495-525

15

Martin Hellwig

The Role of Boundary Solutions in Principal-Agent Problems of the Holmström-Milgrom Type

Journal of Economic Theory, Vol. 136(1), September 2007, pp. 446-475

16

Felix Höffler, Tobias Wittmann

Netting in Interconnector Auctions

Energy Journal, Vol. 28(1), 2007, pp. 113-144

17

Martin Hellwig

Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist’s Perspective

J. Basedow (ed.), Private Enforcement in EC Competition Law, Kluwer Law International, Den Haag, 2007, pp. 121-159

18

Martin Hellwig

The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion

Journal of Public Economics, Vol. 91(3-4), April 2007, pp. 791-816

19

Martin Hellwig

Effizienz oder Wettbewerbsfreiheit? Zur normativen Grundlegung der Wettbewerbspolitik

Christoph Engel and Wernhard Möschel (eds.): Recht und spontane Ordnung, Festschrift für Ernst-Joachim Mestmäcker zum 80. Geburtstag, Baden-Baden, Nomos, 2008

20

Martin Hellwig

The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling

Journal of Public Economics, Vol. 91(3-4), April 2007, pp. 511-540

21

Isabel Schnabel, Hendrik Hakenes

Braucht Deutschland eine 'private starke deutsche Bank'? Ueber die Notwendigkeit nationaler Champions im Bankwesen

Kredit und Kapital, Vol. 39(2), 2006, pp. 163-181

22

Jos Jansen, Doh-Shin Jeon, Domenico Menicucci

The Organization of Regulateg Production: Complementarities, Correlation and Collusion

International Journal of Industrial Organzation, Vol. 26(1), January 2008, pp. 327-353

23

Jos Jansen

Information Aqusition and Strategic Disclosure in Oligopoly

Journal of Economics & Management Strategy, Vol. 17(1), January 2008, pp. 113-148

24

Felix Höffler

Cost and Benefits from Infrastructure Competition. Estimating Welfare Effects from Broadband Access Competition

Telecommunications Policy, Vol. 31(6-7), July 2007, pp. 401-418

25

Felix Höffler

Demand for storage of natural gas in north-western Europe. Trends 2005-2030

Energy Policy, Vol. 35(10), 2007, pp. 5206-5219

with Madjid Kuebler

26

Martin Hellwig

Elitemodell Wartburg?

Stifterverband für die Deutsche Wissenschaft (ed.), Eine (un)endliche Geschichte? Beiträge zur Föderalismusdiskussion, Villa-Hügel-Gespräch 2004, 2005, pp. 16-23

27

Martin Hellwig

Market Discipline, Information Processing, and Corporate Governance

K.J. Hopt, E. Wymeersch, H. Kanda, H. Baum (eds.), Corporate Governance in Context: Corporations, States, and Markets in European, Japan, and the US, Oxford, Oxford University Press, 2005, pp. 379-402

28

Martin Hellwig

Netzwettbewerb durch Regulierung

U. Leprich, H. Georgi, E. Evers (eds.), Strommarktliberalisierung durch Netzregulierung, Energierecht und Energiewirtschaft Bd. 4, Berlin, Berliner Wissenschaftsverlag, Vol. 4, 2004, pp. 29-43

29

Martin Hellwig

Managerbereicherung gibt es überall

Frankfurter Allgemeine Sonntagszeitung, May 2005, Nr. 18, S. 47

30

M. Hellwig, A. Sapir, P. Aghion, G. Bertola, Jean et al. Pisany-Ferry

An Agenda for a Growing Europe

Oxford University Press, March 2004

31

Hendrik Hakenes, Isabel Schnabel, Elena Carletti

The Privatization of Italian Savings Banks – A Role Model for Germany?

DIW Quarterly Journal of Economic Research, 2006

32

Hendrik Hakenes, Andreas Irmen

On the Long-Run Evolution of Technological Knowledge

Economic Theory, 2007, Vol. 30(1), pp. 171–180

33

Isabel Schnabel, Elena Carletti, Hendrik Hakenes

The Privatization of Italian Savings Banks - A Role Model for Germany?

DIW Quarterly Journal of Economic Research (Vierteljahrshefte zur Wirtschaftsforschung), Vol. 74(4), 2005, pp. 32-50

34

Hendrik Hakenes, Martin Peitz

Selling Reputation when Going Out of Business

International Economic Review, 2006

35

Martin Hellwig

The Relation between Real Wages and Employment: An Intertemporal General-Equilibrium Approach

German Economic Review, Vol. 5(3), August 2004, pp. 263-295

36

Isabel Schnabel

Reply to Thomas Ferguson and Peter Temin's Comment on The German Twin Crisis of 1931

Journal of Economic History, Volume: 64(3), September 2004, pp. 877-878

37

Isabel Schnabel

The German Twin Crisis of 1931

Journal of Economic History, Volume: 64(3), September 2004, pp. 822-871

38

Hendrik Hakenes

Banks as Delegated Risk Managers

Journal of Banking and Finance, Vol. 28(10), October 2004, pp. 2399-2426

39

Martin Hellwig

Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach

Journal of Economic Theory, Vol. 120(1), January 2005, pp. 1-38

40

Felix Höffler

Monopoly Prices versus Ramsey-Boiteux Prices: Are they ‘‘Similar,’’ and: Does it Matter?

Journal of Industry, Competition and Trade, Vol. 6(1), 2006, pp. 27-44

41

Isabel Schnabel, Giovanni Dell'rriccia, Jeromin Zettelmeyer

How Do Official Bailouts Affect the Risk of Investing in Emerging Markets?

Journal of Money, Credit, and Banking, Volume: 38(7), October 2006, pp. 1689-1714

42

Isabel Schnabel, Hendrik Hakenes

Braucht Deutschland eine private starke deutsche Bank? Über die Notwendigkeit nationaler Champions im Bankwesen

Kredit und Kapital, Vol. 39(2), 2006, 163-181

43

Isabel Schnabel, Hyun Song Shin

Liquidity and Contagion: The Crisis of 1763

Journal of the European Economic Association, Vol. 2(6), 2004, pp. 929-968

44

Martin Hellwig

A utilitarian Approach to the provision and pricing of excludable public goods

Journal of Public Economics, Vol. 89(11-12), December 2005, pp. 1981-2003

45

Felix Höffler

Konsistenzgebot im neuen TKG: Anforderungen und Zielkonflikte

MultiMedia und Recht, Beilage, Vol. 6, June 2005, pp. 6-8

46

Hendrik Hakenes, Andreas Pfingsten, Carsten Breitmeyer

From Poverty Measurement to the Measurement of Downside Risk

Mathematical Social Sciences, 2004, Vol. 47(3), pp. 327–348

47

Felix Höffler

Ramsey-Boiteux-Preise und Monopolpreise - zu einigen verbreiteten Missverständnissen

Netzwirtschaft & Recht, 2005

48

Martin Hellwig

A Contribution to the Theory of Optimal Utilitarian Income Taxation

Journal of Public Economics, Vol. 91(7-8), August 2007, pp. 1449-1477

together with A1

49

J. Gual, M. Hellwig, A. Perrot, M. Polo, K. M. Schmidt, P. Rey, Stenbacka

An Economic Approach to Article 82

Competition Policy International , Volume: 2(1), 2006, Pp 111 - 154

Publications

B3 - Unternehmenskontrolle, Unternehmensfinanzierung und endogener technischer Fortschritt

Public-Good Provision in a Large Economy

Fallacies, Irrelevant Facts and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive, Rock Center for Corporate Governance

Binary Payment Schemes: Moral Hazard and Loss Aversion

Incentive Problems with Unidimensional Hidden Characteristics: A Unified Approach

Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis

Incomplete Contracts and Excludable Public Goods

Optimal Democratic Mechanisms for Income Taxation and Public Good Provision

The Impact of Firm Entry Regulation on Long- living Entrants

Corporate Governance and Incentive Contracts: Historical Evidence from a Legal Reform

Strategic Information Disclosure and Competition for an Imperfectly Protected Innovation

Optimal Income Taxation and Public Good Provision with Endogenous Interest Groups

Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability

The Role of Liquidity and Implicit Guarantees in the German Twin Crisis of 1931

A Reconsideration of the Jensen-Meckling Model of Outside Finance

The Role of Boundary Solutions in Principal-Agent Problems of the Holmström-Milgrom Type

Netting in Interconnector Auctions

Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist’s Perspective

The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion

Effizienz oder Wettbewerbsfreiheit? Zur normativen Grundlegung der Wettbewerbspolitik

The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling

Braucht Deutschland eine 'private starke deutsche Bank'? Ueber die Notwendigkeit nationaler Champions im Bankwesen

The Organization of Regulateg Production: Complementarities, Correlation and Collusion

Information Aqusition and Strategic Disclosure in Oligopoly

Cost and Benefits from Infrastructure Competition. Estimating Welfare Effects from Broadband Access Competition

Demand for storage of natural gas in north-western Europe. Trends 2005-2030

Elitemodell Wartburg?

Market Discipline, Information Processing, and Corporate Governance

Netzwettbewerb durch Regulierung

Managerbereicherung gibt es überall

An Agenda for a Growing Europe

The Privatization of Italian Savings Banks – A Role Model for Germany?

On the Long-Run Evolution of Technological Knowledge

The Privatization of Italian Savings Banks - A Role Model for Germany?

Selling Reputation when Going Out of Business

The Relation between Real Wages and Employment: An Intertemporal General-Equilibrium Approach

Reply to Thomas Ferguson and Peter Temin's Comment on The German Twin Crisis of 1931

The German Twin Crisis of 1931

Banks as Delegated Risk Managers

Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach

Monopoly Prices versus Ramsey-Boiteux Prices: Are they ‘‘Similar,’’ and: Does it Matter?

How Do Official Bailouts Affect the Risk of Investing in Emerging Markets?

Braucht Deutschland eine private starke deutsche Bank? Über die Notwendigkeit nationaler Champions im Bankwesen

Liquidity and Contagion: The Crisis of 1763

A utilitarian Approach to the provision and pricing of excludable public goods

Konsistenzgebot im neuen TKG: Anforderungen und Zielkonflikte

From Poverty Measurement to the Measurement of Downside Risk

Ramsey-Boiteux-Preise und Monopolpreise - zu einigen verbreiteten Missverständnissen

A Contribution to the Theory of Optimal Utilitarian Income Taxation

An Economic Approach to Article 82

Prof. Dr.h.c. Martin Hellwig, Ph.D.