Patrick W. Schmitz

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Patrick W. Schmitz is a German economist . He is professor at the Political Science Department at the University of Cologne and Research Fellow at the Center for Economic Policy Research (CEPR) in London.

life and work

Schmitz studied economics in Bonn, did his doctorate there and did his habilitation there. His doctoral supervisor is Urs Schweizer from the University of Bonn .

Schmitz has published in major journals, including the American Economic Review and the Review of Economic Studies . In his research he deals with theoretical and applied microeconomics. He is particularly interested in fundamental questions: Why do companies even exist? So what is the difference between transactions within companies and transactions that take place through the market? What are the effects of different ownership structures, e.g. B. in terms of investment incentives? How should one organize public projects, for example to prevent excessive cost increases? Schmitz examines such questions with the help of economic contract theory, i. H. with formal models in which information asymmetries play a central role. In some of his work he has also dealt with experimental tests of contract theory ideas.

In the Handelsblatt Ökonomen Ranking 2015, which analyzes the research performance of around 2,300 economists from Germany, Austria and German-speaking Switzerland based on the quality of the publications, it is ranked 4th in terms of current research performance and 13th in the life's work ranking. In the 2008 ranking of the research monitoring work group of the Verein für Socialpolitik, Schmitz is the youngest among the top 25 German economics professors with the most extensive life's work, measured by the quality of the publications.

Awards

In 2006 Schmitz received the Karl Arnold Prize of the North Rhine-Westphalian Academy of Sciences and was named the best young German economist by the Handelsblatt. In 2007, WirtschaftsWoche named Schmitz one of the most active German economics professors in research, and Capital magazine ranked him among the 160 most outstanding young professionals in Germany in its "Young Elite" series. In 2015 Schmitz received the Hans Kelsen Prize endowed with 240,000 euros in research funds.

Publications (selection)

  • Information Gathering, Transaction Costs, and the Property Rights Approach. American Economic Review 96, 2006, 422-434.
  • Reserve Prices in Auctions as Reference Points. Economic Journal 117, 2007, 637–653 (with S. Rosenkranz).
  • Public versus Private Ownership: Quantity Contracts and the Allocation of Investment Tasks. Journal of Public Economics 94, 2010, 258-268 (with EI Hoppe).
  • Can Contracts Solve the Hold-Up Problem? Experimental Evidence. Games and Economic Behavior 73, 2011, 186-199 (with EI Hoppe).
  • Repeated Moral Hazard and Contracts with Memory: The Case of Risk-Neutrality. International Economic Review 53, 2012, 433–452 (with S. Ohlendorf).
  • Public-Private Partnerships versus Traditional Procurement: Innovation Incentives and Information Gathering. RAND Journal of Economics 44, 2013, 56–74 (with EI Hoppe).
  • Job Design with Conflicting Tasks Reconsidered. European Economic Review 57, 2013, 108–117.
  • Contracting under Incomplete Information and Social Preferences: An Experimental Study. Review of Economic Studies 80, 2013, 1516–1544 (with EI Hoppe).
  • Investments as Signals of Outside Options. Journal of Economic Theory 150, 2014, 683–708 (with S. Goldlücke).

Web links

Individual evidence

  1. ↑ http://www.handelsblatt.com/politik/vwl-ranking/patrick-schmitz-meister-der-bescheidenheit;1145919
  2. ↑ http://schmitz.uni-koeln.de/index.php?s=mitarbeiter&t=schmitz
  3. ↑ https://www.youtube.com/watch?v=-R7GDNZPJHY&feature=youtu.be
  4. ↑ http://tool.handelsblatt.com/tabelle/index.php?id=152
  5. ↑ http://tool.handelsblatt.com/tabelle/index.php?id=153
  6. ^ Robert Hofmeister, Heinrich W. Origin: The Handelsblatt Economists Ranking 2007: A Critical Assessment. In: Perspectives of Economic Policy. 9, 2008, p. 254, doi : 10.1111 / j.1468-2516.2008.00279.x .
  7. ↑ http://www.awk.nrw.de/akademie/preise-der-akademie/karl-arnold-preis.html
  8. ↑ Archived copy ( memento of the original from January 4, 2016 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.uni-koeln.de
  9. ↑ Archived copy ( memento of the original from October 24, 2007 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.unibusreputation.com
  10. ↑ Archived copy ( memento of the original from October 10, 2009 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.capital.de
  11. ↑ http://exzellenz.uni-koeln.de/researchprizes0.html
personal data
SURNAME Schmitz, Patrick W.
BRIEF DESCRIPTION German economist and university professor
DATE OF BIRTH 20th century