Universität zu Köln
Wirtschafts- und Sozialwissenschaftliche Fakultät

Staatswissenschaftliches Seminar - Prof. Schmitz

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  • Prof. Dr. Patrick Schmitz
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  • Dr. Eva Hoppe
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Prof. Dr. Patrick W. Schmitz

University of Cologne Staatswissenschaftliches Seminar Albertus-Magnus-Platz 50923 Köln Germany Tel.: +49 221 470-5609 Fax: +49 221 470-5077 Office hours: By appointment Room number: 49

Research Fellow, Centre for Economic Policy Research (CEPR), London

Research interests

Theory of economic incentives, institutional and information economics (in particular agency theory and theory of incomplete contracts). Applications in industrial organization, political economy, public economics, labour economics, business administration, and law & economics.

Selected Publications [Show all publications and recent working papers]

• Contracting under Incomplete Information and Social Preferences: An Experimental Study (with Eva I. Hoppe)
  Review of Economic Studies, forthcoming.
• Public-Private Partnerships versus Traditional Procurement: Innovation Incentives and Information Gathering (with Eva I. Hoppe)
  RAND Journal of Economics, Vol. 44 (1), 2013, 56-74.
• Job Design with Conflicting Tasks Reconsidered
  European Economic Review, Vol. 57, 2013, 108–117.
• Repeated Moral Hazard and Contracts with Memory: A Laboratory Experiment (with Petra Nieken)
  Games and Economic Behavior, Vol. 75 (2), 2012, 1000–1008.
• Repeated Moral Hazard and Contracts with Memory: The Case of Risk-Neutrality (with Susanne Ohlendorf)
  International Economic Review, Vol. 53 (2), 2012, 433-452.
• The (Sub-)Optimality of the Majority Rule (with Thomas Tröger)
  Games and Economic Behavior, Vol. 74 (2), 2012, 651-665.
• Can Contracts Solve the Hold-Up Problem? Experimental Evidence (with Eva I. Hoppe)
  Games and Economic Behavior, Vol. 73 (1), 2011, 186-199.
• Public versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks (with Eva I. Hoppe)
  Journal of Public Economics, Vol. 94 (3-4), 2010, 258-268.
• Reserve prices in auctions as reference points (with Stephanie Rosenkranz)
  Economic Journal, Vol. 117 (520), 2007, 637-653.
• Optimal selling strategies when buyers may have hard information
  European Economic Review, Vol. 51 (4), 2007, 859-870.
• Information gathering, transaction costs, and the property rights approach
  American Economic Review, Vol. 96 (1), 2006, 422-434.
• Allocating Control in Agency Problems with Limited Liability and Sequential Hidden Actions
  RAND Journal of Economics, Vol. 36 (2), 2005, 318-336.
• Endogenous Punishments in Agency with Verifiable Ex Post Information (with Anke S. Kessler and Christoph Lülfesmann)
  International Economic Review, Vol. 46 (4), 2005, 1207-1231.
• Job protection laws and agency problems under asymmetric information
  European Economic Review, Vol. 48 (5), 2004, 1027-1046.
• Optimal Allocation of Ownership Rights in Dynamic R&D Alliances (with Stephanie Rosenkranz)
  Games and Economic Behavior, Vol. 43 (1), 2003, 153-173.
• On Monopolistic Licensing Strategies under Asymmetric Information
  Journal of Economic Theory, Vol. 106 (1), 2002, 177-189.
• Simple Contracts, Renegotiation under Asymmetric Information, and the Hold-up Problem
  European Economic Review, Vol. 46 (1), 2002, 169-188.
• On the Interplay of Hidden Action and Hidden Information in Simple Bilateral Trading Problems
  Journal of Economic Theory, Vol. 103 (2), 2002, 444-460.
• Ex Post Liability for Harm vs. Ex Ante Safety Regulation: Substitutes or Complements? Comment (with Christian Ewerhart)
  American Economic Review, Vol. 88 (4), 1998, 1027.

Referee for

American Economic Review, B.E. Journal of Theoretical Economics, Bulletin of Economic Research, Econometrica, Economic Journal, Economic Theory, Economics Letters, European Economic Review, German Economic Review, International Economic Review, International Journal of Industrial Organization, International Review of Law and Economics, Journal of Comparative Economics, Journal of Economic Behavior and Organization, Journal of Economic Theory, Journal of Economics/Zeitschrift für Nationalökonomie, Journal of Economics and Management Strategy, Journal of Institutional and Theoretical Economics, Journal of Law, Economics, and Organization, Journal of Political Economy, Journal of the European Economic Association, Labour Economics, Managerial and Decision Economics, Quarterly Journal of Economics, Rand Journal of Economics, Review of Economic Studies, Schmalenbach Business Review, Theoretical Economics.