Michael Kurschilgen Does Knowledge About the Presence of a Maverick in the Market Influence the Price Level?

Michael Kurschilgen is Assistant Professor of Managerial Economics at the Technical University Munich, Germany. He received his doctoral degree in economics from Friedrich Schiller University Jena before becoming a Postdoctoral Reserach Fellow at the Max Planck Institute for Research on Collective Goods in Bonn. Kurschilgen’s area of research is the interface between economics, social psychology, and law. He is a member of the Young Academy of Sciences and Humanities of the German state of North Rhine-Westphalia.

Area of Research

Applied Microeconomics, Behavioral and Experimental Economics, Law and Economics, Philosophy and Economics, Public Economics

Christoph Engel and Michael Kurschilgen. "The Coevolution of Behavior and Normative Expectations: An Experiment." American Law and Economics Review 15 (2013): 578-609.  
Christoph Engel and Michael Kurschilgen. "Fairness Ex Ante & Ex Post: Experimentally Testing Ex Post Judicial Intervention into Blockbuster Deals." Journal of Empirical Legal Studies 8 (2011): 682-708.  
Christoph Engel, Sebastian Kube and Michael Kurschilgen. "Can We Manage First Impressions in Cooperation Problems? An Experimental Study." Working Paper  

since 2015

Assistant Professor of Managerial Economics

Technical University of Munich (Technische Universität München)

since 2013

Postdoctoral Research Fellow

Max Planck Society (more details)

Max Planck Institute for Research on Collective Goods

2013-2014

Visiting Fellow

European University Institute, Florence, Department of Economics University of Bologna, Department of Economics

2010-2011

Visiting PhD Student

University of California, Berkeley

2007-2008

Economic Consultant

abc-consultants GmbH (now Fichtner Mining & Environment GmbH). Large Mining Projects in India and Kazakhstan

2012

PhD in Economics

Friedrich Schiller University Jena (Friedrich-Schiller-Universität Jena)

Thesis "How Norms Guide Behaviour in an Uncertain World"

2007

Master of Science in Economics

Maastricht University

2006

Bachelor of Science in Economics

Maastricht University

Journal of Economic Behavior and Organization

Journal of Legal Studies

Journal of Institutional and Theoretical Economics

Fellowships

North Rhine Westphalian Academy of Sciences: “Junges Kolleg” Scholarship (since 2015)

Max Planck Society: PhD Scholarship (2008-2012)

German National Academic Foundation (“Studienstiftung des deutschen Volkes”) (2002-2004)

© Maximilian Dörrbecker

Max Planck Society


"The Max Planck Society is Germany's most successful research organization. Since its establishment in 1948, no fewer than 18 Nobel laureates have emerged from the ranks of its scientists, putting it on a par with the best and most prestigious research institutions worldwide. The more than 15,000 publications each year in internationally renowned scientific journals are proof of the outstanding research work conducted at Max Planck Institutes – and many of those articles are among the most-cited publications in the relevant field." (Source)

Institute

Max Planck Institute for Research on Collective Goods

"Many goods are not obviously best provided by unregulated markets. This does not necessarily imply that government does a better job. But research can do society a service in defining why markets have a hard time with some goods, and in comparing institutional arrangements aiming at their provision. In a precise way, the problem is defined by the concept of public goods. Capitalising on the theory of mechanism design, it can be further improved. Using experimental methods, it can be put into perspective. Yet some social dilemmas are better analysed in alternative categories. It may even be preferable to start analytically from the political decision to intervene into markets. The institute tackles these questions from the combined perspectives of economics, law and psychology. While the institute started with applications from environmental problems, current work focuses on antitrust, regulation and financial stability." (Source)

Map

The experiment presented in this video constructs a heterogeneous duopoly of firms – on the one hand a firm with an internal structure leading to low prices, and on the other hand a firm acting collusively in price-setting. MICHAEL KURSCHILGEN explains that transparency about the competitor’s internal structure hampers tacit collusion: If the collusive firm is aware of the other firm’s internal structure, the firms will compete on prices and prices will decline; otherwise, both firms will collude on price-setting and prices will rise.

LT Video Publication DOI: http://dx.doi.org/10.21036/LTPUB10021

Partnerships and Consortia: The Effect of Sharing Rules on Oligopolistic Pricing

  • Michael Kurschilgen, Alexander Morell and Ori Weisel
  • Unpublished

Chicago

Michael Kurschilgen, Alexander Morell and Ori Weisel. "Partnerships and Consortia: The Effect of Sharing Rules on Oligopolistic Pricing." Unpublished

Partnerships and Consortia: The Effect of Sharing Rules on Oligopolistic Pricing

  • Kurschilgen, Michael; Morell, Alexander; Weisel, Ori

Chicago

Michael Kurschilgen, Alexander Morell and Ori Weisel. "Partnerships and Consortia: The Effect of Sharing Rules on Oligopolistic Pricing." Unpublished.