Curriculum Vitae & Publications

Rudolf Kerschbamer

Curriculum Vitae

Address
Degrees
Current Positions
Previous Positions
Teaching Experience
Research Interests
Referee
Recent Projects
Recent Manuscripts
Selected Publications

Address:

Department of Economics
University of Innsbruck
Universitätsstraße 15
A-6020 INNSBRUCK
AUSTRIA

Phone: ++43/+512/507/7400
Fax: ++43/+512/507/2980
E-mail: Rudolf.Kerschbamer@uibk.ac.at
WWW: http://www.uibk.ac.at/economics/personal/kerschbamer/index.html.de

Degrees:

master of Economics (Magister rer.soc.oec.), University of Vienna
Ph.D. in Economics (Doktor rer.soc.oec), University of Vienna
Habilitation in Economics, University of Vienna

Current Position:

Professor of Economics, Dept. of Economics, University of Innsbruck (since February 2002)

Previous Positions:

Associate Professor, Dep. of Econ., Univ. of Vienna (October 2000 – February 2002)
Assistant Professor, Dep. of Econ., Univ. of Vienna (January 1987 - October 2000)

Teaching Experience:

Courses at all levels in

Industrial Organization
Competition Policy
Game Theory
Contract Theory
Information Economics
Behavioral Economics

Research Interests:

Industrial Organization (esp. markets for credence goods; markets for experience goods; the impact of asymmetric information on markets; the impact of other-regarding concerns on market outcomes)
Behavioral Economics (esp. the impact of other-regarding concerns on behavior in games; identification of other-regarding concerns; drivers for trust and trustworthiness)
Experimental Economics (esp. methodological issues; identification of distributional preferences; impact of other-regarding preferences on market outcomes; imperfect information games)
Contract Theory and Incentives (esp. multiple agents scenarios; situations in which several principals interact in designing contracts for their agents; settings in which the agent’s reservation utility is type dependent; collusion)

Referee:

American Economic Review, Economic Journal, Economic Letters, Empirica, Empirical Economics, European Economic Review, Experimental Economics, Games and Economic Behavior, International Economic Review, International Journal of Industrial Organization, Journal of Comparative Economics, Journal of Economic Behavior and Organisation, Journal of Economic Science Association, Journal of Economic Theory, Journal of Economic Psychology, Journal of Economics, Journal of Economics & Management Strategy, Journal of Law, Economics, and Organization, Journal of the Economic Science Association, Journal of the European Economic Association, Journal of Industrial Economics, Journal of Institutional and Theoretical Economics, Journal of Public Economics, Kyklos, Management Science, Managerial and Decision Economics, Rand Journal of Economics, Review of Economic Studies, Social Choice and Welfare

Recent Research Grants (> 50.000 Euro):

Funding Period	Award Holder(s)	Funding Body	Title	Amount received (in Euro)
2017-2025	Rudolf Kerschbamer	Austrian Science Fund (FWF): Part of SFB 63	Reputation and Competition in Markets for Credence Goods	980,490.-
2017-2025	Rudolf Kerschbamer	Austrian Science Fund (FWF): Part of SFB 63	Field Experiments in Credence Goods Markets	1,137,820.-
2015-2020	Rudolf Kerschbamer	Austrian Science Fund (FWF)	Heterogeneity in Dynamic Contests: Theory and Experiment	232,659.-
2014-2018	Rudolf Kerschbamer	Austrian Science Fund (FWF)	Credence Goods in the Field: A Forensic-Economic Investigation	287,306.-
2011-2015	Rudolf Kerschbamer	Austrian Science Fund (FWF)	A Parsimonious Experimental Test to Identify Type and Intensity of Distributional Preferences at the Individual Level	345,964.-
2011-2015	Uwe Dulleck Rudolf Kerschbamer Matthias Sutter	Australian Research Council (ARC)	Honesty and Efficiency in the Provision of Expert Services: Doctors and Other Experts as Participants in Economic Experiments	182,574.- (AUS $ 270,000.-)
2008-2013	Rudolf Kerschbamer Uwe Dulleck Matthias Sutter	Austrian Science Fund (FWF)	Credence Goods Markets – Theory and Experiments	333,716.-
2010-2012	Anita Gantner Rudolf Kerschbamer	Austrian National Bank (OeNB Jubiläumsfonds)	An Experimental Study of Fairness and Efficiency in the Subjective Claims Problem	92,000.-
2010-2012	Rudolf Kerschbamer	Austrian National Bank (OeNB Jubiläumsfonds)	Disciplining Credence Goods Experts: Implications of Other-Regarding Preferences	61,000.-

Unpublished Manuscripts in Last Five Years:

Blanco, E., Holzmeister, F., Kerschbamer, R., Walzl, M. (2024), The Economics of Label Credence Goods: An Experiment on the Role of Monitoring, Certification, Reputation and Competition, Mimeo, Department of Economic, University of Innsbruck.

Höchtl, W., Kerschbamer, R., Kircher, P., Ludwig, S., Sandroni, A. (2024), How Noise Shapes Social Choice, Mimeo, Department of Economics, University of Innsbruck.

Balafoutas, L., Fornwagner, H., Kerschbamer, R., Sutter, M., Tverdostup, M. (2023), Diagnostic Uncertainty and Insurance Coverage in Credence Goods Markets, Mimeo, Department of Economics, University of Innsbruck.

Balafoutas, L., Fornwagner, H., Kerschbamer, R., Sutter, M., Tverdostup, M. (2023), Serving Consumers in an Uncertain World: A Credence Goods Experiment, Mimeo, Department of Economics, University of Innsbruck.

Ten Most Important Publications of the Last Ten Years:

Huber, J., Sabiou, I., Kerschbamer, R., König genannt Kersting, Ch., Palan, St., Vernon, S. (2022), Nobel and Novice: Author Prominence Affects Peer Review, PNAS – Proceedings of the National Academy of Science 119 (41): 1-7

Kerschbamer, R., Mueller, D. (2020), Social Preferences and Political Attitudes: An Online Experiment on a Large Heterogeneous Sample, Journal of Public Economics, 182: 104076.

Kerschbamer, R., Sutter, M. and Dulleck, U. (2017), How Social Preferences Shape Incentives on (Experimental) Markets for Credence Goods, Economic Journal 127: 393-416.

Balafoutas, L., Kerschbamer, R., Sutter, M. (2017), Second-Degree Moral Hazard in a Real-World Credence Goods Market, Economic Journal 127: 1-18.

Cox, J., Kerschbamer, R., Neururer, D. (2016), What is Trustworthiness and What Drives It?, Games and Economic Behavior 98: 197-218.

Kerschbamer, R., Neururer, D. and Sutter, M. (2016), Insurance Coverage of Customers Induces Dishonesty of Sellers in Markets for Credence Goods, PNAS – Proceedings of the National Academy of Science 113: 7454-7458.

Balafoutas, L., Beck, A., Kerschbamer, R., Sutter, M. (2015), The Hidden Costs of Tax Evasion: Collaborative Tax Evasion in Markets for Expert Services, Journal of Public Economics 129: 14-25.

Kerschbamer, R. (2015), The Geometry of Distributional Preferences and a Non-Parametric Identification Approach: The Equality Equivalence Test, European Economic Review 76: 85-103.

Beck, A., Kerschbamer, R., Qiu, J., Sutter, M. (2013), Shaping Beliefs in Experimental Markets for Expert Services: Guilt Aversion and the Impact of Promises and Money-Burning Options, Games and Economic Behaviour 81: 145-164.

Balafoutas, L., Beck, A., Kerschbamer, R., Sutter, M. (2013), What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods, Review of Economic Studies 80: 876-891.

Dulleck, U., Kerschbamer, R., Sutter, M. (2011), The Economics of Credence Goods: An Experiment on the Role of Liability, Verifiability, Reputation and Competition, American Economic Review 101: 526-555.

Publications (in reverse chronological order):

Hall, J., Kerschbamer, R., Neururer, D. Skoog, E. (2024), Uncovering Sophisticated Discrimination with the Help of Credence Goods Markups – Evidence from a Natural Field Experiment, forthcoming in Management Science.

Hörtnagel, T., Kerschbamer, R., Oexl, R., Stracke, R., Sunde, U. (2023), Heterogeneity in Rent-Seeking Contests with Multiple Stages: Theory and Experimental Evidence, Journal of Behavioral and Experimental Economics 105, 102029.

Kerschbamer, R., Neururer, D., Sutter, M. (2023), Credence goods markets, online information and repair prices: A natural field experiment, Journal of Public Economics 222, 104891.

Emons, W., Kerschbamer, R., Muelheusser, G. (2024), Symposium on Credence Goods, Journal of Institutional and Theoretical Economics 180 (1), 1-16.

Dulleck, U., Kerschbamer, R., Konovalov, A. (2024), Too Much or Too Little? Price Discrimination in a Market for Credence Goods, Journal of Institutional and Theoretical Economics 180 (1), 106-143.

Kerschbamer, R., Oexl, R. (2023), The Effect of Random Shocks on Reciprocal Behavior in Dynamic Principal-Agent Settings, Experimental Economics 26, 468-488.

Hedegaard, M., Kerschbamer, R., Mueller, D., Tyran, J.-R. (2021), Distributional Preferences Explain Behavior across Games and Time, Games and Economic Behavior 128: 231–255.

Bindra, C., Kerschbamer, R., Neururer, D., Sutter, M. (2021), On the Value of Second Opinions: A Credence Goods Field Experiment, Economic Letters 205: 109925.

Balafoutas, L., Kerschbamer, R. (2020), Credence Goods in the Literature: What the Past Fifteen Years Have Taught Us About Fraud, Incentives, and the Role of Institutions, Journal of Behavioral and Experimental Finance 26: 100285

Kerschbamer, R., Mueller, D. (2020), Social Preferences and Political Attitudes: An Online Experiment on a Large Heterogeneous Sample, Journal of Public Economics 182: 104076.

Hörtnagel, T., Kerschbamer, R., Stracke, R., (2019), Competing for Market Shares: Does the Order of Moves Matter Even When It Shouldn’t?, Journal of Economic Behavior and Organisation 166: 346-365.

Gantner, A., Horn, K., Kerschbamer, R. (2019), The Role of Communication in Fair Division with Subjective Claims, Journal of Economic Behavior and Organisation 167: 72-89.

Holzmeister, F., Kerschbamer, R. (2019), oTree: The Equality Equivalence Test, Journal of Behavioral and Experimental Finance 22: 214–222.

Kerschbamer, R., Neururer, D., Gruber, A. (2019), Do the Altruists Lie Less? Journal of Economic Behavior and Organization, 157: 560–579.

Engler, Y., Kerschbamer, R., Page, L. (2018), Guilt-Averse or Reciprocal? Looking at Behavioural Motivations in the Trust Game, Journal of the Economic Science Association 4 (1): 1-14.

Gantner, A., Kerschbamer, R. (2018), Social Interaction Effects: The Impact of Distributional Preferences on Risky Choices, Journal of Risk and Uncertainty 56 (2): 141-164.

Balafoutas, L., Kerschbamer, R., Oexl, R. (2018), Distributional Preferences and Ego Depletion, Journal of Neuroscience, Psychology, and Economics 11 (3): 147-165.

Engler, Y., Kerschbamer, R., Page, L. (2018), Why Did He Do That? Using Counterfactuals to Study the Effect of Intentions in Extensive Form Games, Experimental Economics 21(1): 1-26.

Davis, B., Kerschbamer, R., Oexl, R. (2017), Is Reciprocity Really Outcome-Based? A Second Look at Gift-Exchange with Random Shocks, Journal of the Economic Science Association 3 (2): 149–160.

Stracke, R., Kerschbamer, R., Sunde, U. (2017), Coping with Complexity – Experimental Evidence for Narrow Bracketing in Strategic Interactions, European Economic Review 98: 264-281.

Kerschbamer, R., Sutter, M. and Dulleck, U. (2017), How Social Preferences Shape Incentives on (Experimental) Markets for Credence Goods, Economic Journal 127: 393-416.

Kerschbamer, R. and Sutter, M. (2017), The Economics of Credence Goods -- A Survey of Recent Lab and Field Experiments, CESifo Economic Studies 63: 1-23.

Balafoutas, L., Kerschbamer, R., Sutter, M. (2017), Second-Degree Moral Hazard in a Real-World Credence Goods Market, Economic Journal 127: 1-18.

Cox, J., Kerschbamer, R., Neururer, D. (2016), What is Trustworthiness and What Drives It?, Games and Economic Behavior 98: 197-218.

Gantner, A., Kerschbamer, R. (2016), Fairness and Efficiency in a Subjective Claims Problem, Journal of Economic Behavior and Organization 131: 21-36.

Flynn, N., Kah, C., Kerschbamer, R. (2016), Vickrey Auction vs. BDM: Difference in Bidding Behavior and the Impact of Other-Regarding Motives, Journal of the Economic Science Association 2: 101-108.

Gantner, A., Horn, K., Kerschbamer, R. (2016), Fair and Efficient Division Through Unanimity Bargaining when Claims Are Subjective, Journal of Economic Psychology 57: 56-73.

Balafoutas, L., Beck, A., Kerschbamer, R., Sutter, M. (2015), The Hidden Costs of Tax Evasion: Collaborative Tax Evasion in Markets for Expert Services, Journal of Public Economics 129: 14-25.

Kerschbamer, R. (2015), The Geometry of Distributional Preferences and a Non-Parametric Identification Approach: The Equality Equivalence Test, European Economic Review 76: 85-103.

Stracke, R., Höchtl, W., Kerschbamer, R., Sunde, U. (2015), Incentives and Selection in Promotion Tournaments: Is it Possible to Kill Two Birds with One Stone?, Managerial and Decision Economics 36: 275-285.

Beck, A., Kerschbamer, R., Qiu, J., Sutter, M. (2014), Car Mechanics in the Lab - Investigating the Behavior of Real Experts on Experimental Markets for Credence Goods, Journal of Economic Behavior and Organization 108: 166-173.

Balafoutas, L., Kerschbamer, R., Kocher, M., Sutter, M. (2014), Revealed Distributional Preferences: Individuals vs. Teams, Journal of Economic Behavior and Organization 108: 319-330.

Stracke, R., Höchtl, W., Kerschbamer, R., Sunde, U. (2014), Optimal Prizes in Dynamic Elimination Contests: Theory and Experimental Evidence, Journal of Economic Behavior and Organization 102: 43-58.

Balafoutas, L., Beck, A., Kerschbamer, R., Sutter, M. (2013), What Drives Taxi Drivers? A Field Experiment on Fraud in a Market for Credence Goods, Review of Economic Studies 80: 876-891.

Balafoutas, L., Kerschbamer, R., Sutter, M. (2012), Distributional Preferences and Competitive Behavior, Journal of Economic Behavior and Organization 83: 125-135.

Dulleck, U., Kerschbamer, R. (2009), Experts vs. Discounters: Consumer Free Riding and Experts Withholding Advice in Markets for Credence Goods, International Journal of Industrial Organization 27: 15-23

Dulleck, U., Kerschbamer, R. (2006), On Doctors, Mechanics and Computer Specialists – The Economics of Credence Goods, Journal of Economic Literature 44: 5-42.

Kerschbamer, R., Tournas, Y. (2003), In-House Competition, Organizational Slack and the Business Cycle, European Economic Review 47: 505-520.

Kerschbamer, R., Maderner, N., Tournas, Y. (2002), Idiosyncratic Investments, Outside Opportunities and the Boundaries of the Firm, International Journal of Industrial Organisation 20: 1119-1141.

Kerschbamer, R., Maderner, N. (2001), Optimal Control of Upstream Pollution under Asymmetric Information, Environmental and Resource Economics 19: 343-360.

Kerschbamer, R., Puppe, C. (2001), Sequential Contribution to Public Goods: On the Structure of the Equilibrium Set, Economics Bulletin 8: 1-7.

Kerschbamer, R., Koray, S. (2001), Multiprincipals Multiagents Incentive Design, Review of Economic Design 6: 5-40.

Kerschbamer, R., Kirchsteiger, G. (2000), Theoretically Robust but Empirically Invalid? An Experimental Investigation into Tax Equivalence, Economic Theory 16: 719-734.

Kerschbamer, R., Puppe, C. (1998), Voluntary Contributions when the Public Good is not Necessarily Normal, Journal of Economics 68: 175-192.

Kerschbamer, R., Maderner, N. (1998), Are Two a Good Representative for Many?, Journal of Economic Theory 83: 90-104.

Kerschbamer, R. (1998), Disciplinary Takeovers and Industry Effects, Journal of Economics and Management Strategy 7: 265-306.

Kerschbamer, R. (1997), Information Revelation via Takeovers in Correlated Environments, Managerial and Decision Economics 18: 55-60.

Kerschbamer, R. (1994), Destroying the ‘Pretending’ Equilibrium in the Demski-Sappington-Spiller Model, Journal of Economic Theory 62: 230-237.