Axel Ockenfels

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Axel Ockenfels

Axel Ockenfels (born February 9, 1969 in Rheydt ) is a German economist .

Life

From 1989 to 1994 Ockenfels studied economics at the Rheinische Friedrich-Wilhelms-Universität Bonn . He wrote his diploma thesis with the Nobel Prize winner Reinhard Selten . In 1997 he received the Heinz Sauermann Prize for his diploma thesis . In 1998 he received his doctorate from Otto von Guericke University Magdeburg . His doctoral thesis was awarded the prize of the Economic Science Association as the best dissertation of 1998/99 . As a result, he received a number of other awards. From 2001 to 2007 he was an Emmy Noether fellow of the German Research Foundation. In 2002 he received his habilitation in economics at the University of Magdeburg after stays abroad in 1996/97 as a DAAD scholarship holder at Penn State University and as a postdoc in 1999/2000 at Harvard University with Alvin E. Roth .

Until 2003 he worked as a research group leader at the Max Planck Institute for Research into Economic Systems in Jena , and in July 2003 he was appointed professor of economics at the University of Cologne to succeed Carl Christian von Weizsäcker . From 2003 to 2007 Ockenfels was director of the Energy Economics Institute at the University of Cologne . From 2003 to 2006 he was chairman of the Society for Experimental Economic Research . In 2004 he was founding director of the Cologne Laboratory for Economic Research. Since 2010 Ockenfels has been a member of the Scientific Advisory Board at the Federal Ministry for Economic Affairs and Energy, from 2011 to 2018 he was the spokesman for the DFG research group "Design and Behavior - Economic Engineering of Firms and Markets" and since 2015 he has been leading after a stopover with a visiting professorship Stanford University, the Center of Excellence for Social and Economic Behavior at the University of Cologne ( University of Cologne Center of Excellence for Social and Economic Behavior , C-SEB for short). Since 2018 he has been Department Editor of the Management Science journal .

Act

Ockenfels became known for his research in the field of game theory , behavioral economics and market design .

Ockenfels is regarded as one of the leading German representatives of modern, empirically oriented economics. In an essay on the self-image of modern economics, Ockenfels wrote in April 2007: “The subject has moved closer to people and their problems; it is increasingly possible to bridge the denounced gap between science and “real life”. Data instead of dogmas - this is the denominator that could be used to sum up the leitmotif of modern economics. "

Axel Ockenfels research focuses on behavior theory and market design. On the basis of game theory and experimental methods, he develops descriptively relevant models of economic decision-making behavior that take account of cognitive and motivational restrictions. The findings contribute both to basic research and to the design of real markets. His applications include auction design of online markets and the sharing economy, electricity market design for the energy transition , as well as markets for climate protection , digital traffic control and financial trading. The research results also help to optimize inter- and internal incentive systems as well as strategy development in negotiations and auctions.

Ockenfels is a proponent of the thesis, which is increasingly gaining acceptance in economics, that the behavior of real people cannot be adequately represented using the standards of the theoretical economic model Homo oeconomicus .

Ockenfels deals with ways out of the climate crisis and calls for a solution on a global level. He is in favor of CO 2 pricing . He once said: “Globally, economists are seldom as united as they are when it comes to pricing CO 2 . There is no better and more effective tool in the fight against climate change. But while it is traditionally pointed out that a CO 2 price achieves climate protection at minimal cost and stimulates innovation, there is an even more important reason: a CO 2 price facilitates international coordination and cooperation. "

Since 2016 he has been on the list of the most influential economists in Germany .

honors and awards

On March 2, 2005, Ockenfels was the first economist in 17 years to be awarded the Gottfried Wilhelm Leibniz Prize of the German Research Foundation for his studies on the nature of economic motivation and interaction, as well as for his research on the optimal design of auction markets and other economic and social institutions . In the same year he was named the best young German economist by the weekly magazine Wirtschaftswoche. In 2017 he was awarded the ERC Advanced Grant of the European Research Council . Other awards include the Philip Morris Research Prize (2007) and the Gossen Prize of the Verein für Socialpolitik (2006).

Memberships

Since 2005 he has been a member of the North Rhine-Westphalian Academy of Sciences and Arts and since 2006 a member of the Berlin-Brandenburg Academy of Sciences . Ockenfels has been a member of the Scientific Advisory Board at the Federal Ministry for Economic Affairs and Energy since 2010. In 2016 he became a member of the European Academy of Sciences and in 2017 he was elected to the German Academy of Science and Engineering .

Fonts (selection)

  • Global Carbon Pricing: The Path to Climate Cooperation, eds. Peter Cramton, David JC MacKay, Axel Ockenfels, and Steven Stoft. 2017. MIT Press.
  • Inderst, Roman, Kiryl Khalmetski, and Axel Ockenfels. Forthcoming. "Sharing Guilt: How Better Access to Information May Backfire." Management Science.
  • Cramton, Peter, Axel Ockenfels and Jean Tirole. 2017. "Policy Brief - Translating the Collective Climate Goal into a Common Commitment." Review of Environmental Economics and Policy 11 (1), 165-171.
  • MacKay, David JC, Peter Cramton, Axel Ockenfels and Steve Stoft. 2015. "Price Carbon - I will if You Will." Nature (Comment), 526, 315-316, doi: 10.1038 / 526315a
  • Behavioral economic engineering. In: Journal of Economic Psychology, Volume 33 (3), (6/2012), pages 665-676 (with Gary E. Bolton).
  • Bonus Payments and Reference Point Violations. In: Management Science, 61 (7), 1496–1513 (with Dirk Sliwka and Peter Werner).
  • Engineering Trust - Reciprocity in the Production of Reputation Information. In: Management Science, Volume 59, pp. 265-285 (with Gary E. Bolton and Ben Greiner).
  • ERC - A Theory of Equity, Reciprocity and Competition. In: American Economic Review, Volume 90, (1/2000), pages 166-193 (with Gary E Bolton).
  • Fairness, Reciprocity and Selfishness - Economic Theory and Experimental Evidence. Dissertation, Tübingen 1999 ISBN 3-16-147205-5 .
  • How Effective are Electronic Reputation Mechanisms? An experimental investigation. In: Management Science, Volume 50 (11), (2004), pages 1587-1602 (with Gary E. Bolton and Elena Katok).
  • Last-Minute Bidding and the Rules for Ending Second-Price Auctions: Evidence from eBay and Amazon Auctions on the Internet. In: American Economic Review, Volume 92 (4/2002), pages 1093-1103 (with Alvin E. Roth).
  • Managers and Students as Newsvendors. In: Management Science, Volume 58 (12), (2012), pages 2225–2233 (with Gary E. Bolton and Ulrich Thonemann).
  • Similarity increases altruistic punishment in humans. In: Proceedings of the National Academy of Sciences (PNAS), Volume 110, (2013), pages 19318-19323 (with Thomas Mussweiler).
  • The Method of Agencies Coalition Formation in Experimental Games. In: Proceedings of the National Academy of Sciences (PNAS), Volume 109/50, (2012), pages 20358-20363 (with John F. Nash, Rosemarie Nagel and Reinhard Selten).
  • Fairness, Reciprocity, and Self-Interest: Economic Theory and Experimental Evidence. Dissertation 1999. Faculty of Economics, Magdeburg. The unit of the social sciences, 108. Tübingen: Mohr Siebeck.

Web links

Individual evidence

  1. ↑ C-SEB people. C-SEB, accessed July 20, 2018 .
  2. ↑ Data instead of dogmas ( Memento from September 30, 2007 in the Internet Archive ) In: N. Häring, O. Storbeck: Economy 2.0 - 99 surprising findings, Stuttgart 2007.
  3. ^ "Farewell to Homo Oeconomicus" , Deutsche Welle , March 2, 2005
  4. ↑ Get out of the climate crisis: "Moral appeals do nothing". FAZ, December 8, 2019, accessed December 9, 2019 .
  5. ↑ Environmental economist Axel Ockenfels: "Germany is seen as a negative example when it comes to climate protection". Wirtschaftswoche, September 18, 2019, accessed on December 9, 2019 .
  6. ↑ FAZ Economists Ranking - Germany's Most Influential Economists , accessed on September 4, 2016
  7. ^ Farewell to Homo Oeconomicus , Deutsche Welle
  8. ^ At the highest level , Wirtschaftswoche , March 31, 2005
  9. ^ Gossen Prize Winner. socialpolitik.org , accessed December 25, 2015 .
personal data
SURNAME Ockenfels, Axel
BRIEF DESCRIPTION German economist
DATE OF BIRTH February 9, 1969
PLACE OF BIRTH Rheydt