Name: Markus Walzl  E-mail: m.walzl@algec.unimaas.nl Phone: +31 43 388 3807 Fax:     +31 43 326 48 78 Room:  A1.09

• Assistant Professor at the Department of Economics, Maastricht University, The Netherlands 
• Coordinator of the Track "International Competition Policy" in the MSc Program "International Economic Studies"
• Postal Address: Department of Economics, Universiteit Maastricht, P.O. Box 616, 6200 MD Maastricht, The Netherlands
• Visiting Address: Department of Economics, Universiteit Maastricht, Tongersestraat 53, 6200 MD Maastricht, The Netherlands

Research Interest:

• Industrial Economics
• Mechanism Design
• Bounded Rationality and Learning
• Information Economics and Contract Theory 

Projects:

• Evolution of  Market Platforms (together with C. Alos-Ferrer, Universität Konstanz, and G. Kirchsteiger, Université Libre de Bruxelles)
• Many-to-many Matching Markets with Contracts (together with B. Klaus, Universiteit Maastricht)
• Stochastically Stable Matchings in the Roommmate Problem (together with Flip Klijn (CSIC Barcelona) and Bettina Klaus (Universiteit Maastricht))
• Collusion in Procurement Auctions - Theory and Evidence from License Allocations by the Dual System Germany (together with E. Feess, O. Holtemoeller, RWTH Aachen)
• Subjective Evaluations in Performance Pay (together with A. Sebald, Université Libre de Bruxelles and Universiteit Maastricht)
• Preferences for Truth-Telling (together with Ronald Peeters and Marc Vorsatz (Universiteit Maastricht))
• How Sustainable is Gift-Exchange under Product Market Competition (together with Arno Riedl (Universiteit Maastricht))

Publications in International Journals

• Rewards in Experimental Sender-Receiver games (with R.Peeters and M.Vorsatz), Economics Letters, forthcoming.
• Unfair Contests (with E.Feess and G.Muehlheusser), Journal of Economics 93 (3)(2008), pp. 267-291.
• Heterogeneity and Optimal Self-Reporting  (with E.Feess),  Journal of Institutional and Theoretical Economics 162 (2) (2006), 277-290.
• The impact of truth telling and limited wealth in a principal-agent model (with E.Feess and S. Ossig), Zeitschrift für Betriebswirtschaftliche Forschung, Vol. 57( 2005), 29-45. 
• Optimal self-reporting schemes with multiple stages and option values (with E.Feess) , International Tax and Public Finance 12 (2005), 1-15.
• Optimal law enforcement and self-reporting when there are criminal teams (with E.Feess), Economica 71 (2004), 333-348.
• Delegated Expertise -  When are good projects bad news? (with E.Feess) Economics Letters 82 (2004), 77-82.
• Elastic Electron-Deuteron Scattering in Chiral Effective Field Theory, 2001 (with Ulf-G. Meißner), in: Phys.Lett. B 513 (2001) 37-45.
• Charge Dependent Nucleon-Nucleon Potential from Chiral Effective Field Theory (with Ulf-G. Meißner and E.Epelbaoum,  Nucl.Phys. A 693 (2001) 663-692.
• Isospin Violation in the Two-Nucleon System, in: Acta Phys.Polon. B 31 (2000) 2709-2713,2000. 

Publications in Collected Volumes

• Lattice Gauge Theory: A Short Primer (with G.Münster), in: Zuoz2000, Phenomenology of Gauge Interactions: 127-160 (hep-lat/0012005)

Books

• The Economics of Market Platforms: Stability, Evolution, and Behavior, Habilitation Thesis, RWTH Aachen 2007.
• Self-Reporting in Optimal Law Enforcement against Criminal Teams, ph-D thesis, RWTH Aachen 2003.
• Charge Dependent Nucleon-Nucleon Potential from Chiral Effective Field Theory, Diploma Thesis, Fz Juelich and University of Bonn 2000.

Working Paper

• On the Evolution of Trading Institutions: The Platform Design Paradox (with Carlos Alós-Ferrer and Georg Kirchsteiger), METEOR Research Memorandum 06/004, revise and resubmit
• When should principals acquire verifiable information? (with E.Feess and M. Schieble ) , METEOR Research Memorandum 04/047, revise and resubmit
• The Impact of the Irrelevant - Temporary Buy-Options and Bidding Behavior in Online-Auctions (with R. Peeters, M. Strobel, and D. Vermeulen),  METEOR Research Memorandum 07-027, revise and resubmit.
• Stable Many-to-Many Matchings with Contracts (with B. Klaus),  METEOR Research Memorandum 06-042, revise and resubmit.
• Quid-Pro-Quo or Winner-Takes-It-All? An Analysis of Corporate Leniency Programs and Lessons to Learn for EU and US Policies, (with E. Feess), METEOR Research Memorandum 04/037, revise and resubmit.
• Truth, Trust, and Sanctions: On Institutional Selection in Sender-Receiver Games (with R. Peeters and M. Vorsatz), mimeo.
• Dynamic Recontracting Processes with Multiple Indivisble Goods (with O. Bochet and B. Klaus),  METEOR Research Memorandum 07-018.
• The Evolution of Roommate-Networks: A Comment on Jackson and Watts (JET 2002) (with B. Klaus and F. Klijn), Barcelona Economics Working Paper Series No. 296 and  METEOR Research Memorandum 07-012.
• Why it Pays to Conceal - On the Optimal Timing of Acquiring Verifiable Information (with E. Feess), METEOR Research Memorandum 06/020 
• Stochastic Stability for Roommate Markets (with B. Klaus and F. Klijn), METEOR Research Memorandum 08-010.

(Download of my working papers in economics from ideas)

(Download of my publications in physics via SPIRES at Stanford University)

Teaching

• Coordinator of the Track International Competition Policy in International Economic Studies
• Coordinator Micro-Economics Master Seminar MEMS
• Undergraduate Course International Competition Policy (3067B)
• Graduate Course Information Economics (1036M) 
• Graduate Course Public Finance and Poiicy Evaluation (1043M)
• Graduate Course Beleid en Evaluatie (Law Faculty)
• MBA Course Competitiveness and Innovation Policy (Maastricht Business School) (download)
• Lectures on Game Theory (Undergraduate Mathematics, RWTH Aachen)
• Lectures on Game Theory (Life-Science Lab Heidelberg) (in German) (download)
• Workshop on Law and Economics (IES-Network) (download)

Thesis Supervision

• Corporate Leniency Programs in the Netherlands (Jonas Rosenstok - International Economics Studies) - finished 04/05 - awarded Encore Thesis Prize 2006
• Liberalization of the Dutch Market for Postal Services (Peet Geurts - Business Economics)  - finished 04/05
• Price Wars and Consumer Log-in in Competition between Dutch Supermarkets (Christopher Prins - Business Economics) - finished 05/06
• Competition Policy for Two-Sided Markets - The Case of Credit Card Markets (Bernd Schmelzer - International Economics Studies)-finished 12/05
• The Impact of Liberalization on Optimal Firm Structure - A Case Study of the German Energy Market  (Nana Lohmanns - Infonomics)-finished 06-06
• Platform Competition in the Market for Video Games (Jan Eilhard - Infonomics)-finished 06/06
• Incentives to Innovate - The Case of Renewable Energy Sources (Christiane Golling - IES)-finished 06/06
• Business Strategies in the Liberalized European Energy Market (Martin Nuesser-IES)
• Laboratory Tests of Leniency Programs in Cartel Prosecution (Dirk Reuter - IES)-finished 07/06
• Whistleblowing Programs in Cartel Prosecution and Errors in Court (Ariette Nuessler - IES)-finished 08/06
• Future Demand for CO2 Certificates - A Simulation (Jens Plambeck - IES) - finished 08/06
• Euregional Trade-Flows - The Case of Cross-Border Fule Consumption (Heiko Lampe - Infonomics) - finished 08/06
• Labor Market Efficiency - The Case of Professional Soccer Leagues (Guido Visschers - Infonomics) - finished 08/06
• Optimal Market Design for Oldtimers (Manuel Mueller - Infonomics) - finished 08/06
• Optimal Firm-Strategies in the Electricity Supply Sector - A Comparison of Regulatory Regimes (Martin Nusser - International Business) - finished 08/06
• Liberalizing Electricity Markets - A comparison between the UK and Caifornia (Jeroen Cordeweners - IES)
• Legal and Illegal Music Downloads (Rory Gaarenstroom - IES)
• Does Europe need a new system for allocating slots at major airports? (Nina Piaskowski - IES)
• The Economics of Dating Clubs - A Case Study in Two-Sided Markets (Susan van Maanen - IES)

Topics for Master Thesis

In general any proposal for a master thesis in the field of microeconomics is welcome. In particular I am interested in Master Theses in the area of Industrial Economics on Infrastructure Networks (e.g., electricity markets, gas, telecom etc.). Potential topics are:

• Optimal Market Design (comparison of different auction rules for transmission rights and licenses, importance and design of secondary markets ... )
• Measures for Market Power on Infrastructure Networks
• Incentive Schemes for Network Maintenance and  Development
• Optimal Location of Power Plants

In addition, I offer topics related to the design of allocation mechanisms for indivisible commodities (e.g., kidney exchange, school choice etc. )

Awards, Grants, and Fellowships

• Friedrich Wilhelm - Preis 2004, Dissertation Award donated by the Friedrich Wilhelm Foundation and the RWTH Aachen.
• Borchers Plakette 2004, Dissertation Award donated by the Alumni Association of the RWTH Aachen.
• METEOR small scale research grant Çonfirmatory Biases in Online Auctions', March 2004.
• since Jan. 2004 Fellow of METEOR (Maastricht Research School in Economics of Technology and Organisation), Universiteit Maastricht, The Netherlands.

Brief C.V.:

• Born 1974 in Königswinter, Germany
• Studies in Physics, Mathematics, Philosophy und Economics at the University of Bonn, Germany
• 2000 Diploma in Theoretical Physics at the University of Bonn
• 2000/2001 Research Assistant at the Institute for Nuclear Physics (Theory),  Forschungszentrum Jülich
• 2001-2003 Research and Teaching Assistant at the University of  Aachen, Chair for Microeconomics
• Dez. 2003 phD in Economics (s.c.l.) at RWTH Aachen (Supervisor: Eberhard Feess)
• since Sept. 2003 Assistant Professor at the Department of Economics, Universiteit Maastricht, The Netherlands.

Downloads and Links:

• An interview about my research on corporate leniency programs Onderzoeksnieuws (Observant, 24 (35), 2004).
• I make music with Vokalensemble Kölner Dom and Modus Novus.
• Next Concert: Mozart, c-moll Messe, Cologne Philharmonic (28,29,30-09-08).