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Details about Martin F. Hellwig

Homepage:http://www.coll.mpg.de
Postal address:MPI Collective Goods Kurt-Schumacher-Str. 10 D-53113 Bonn, Germany
Workplace:Max-Planck-Institut zur Erforschung von Gemeinschaftsgütern (Max Planck Institute for Research on Collective Goods), Max-Planck-Gesellschaft (Max Planck Society), (more information at EDIRC)

Access statistics for papers by Martin F. Hellwig.

Last updated 2018-10-05. Update your information in the RePEc Author Service.

Short-id: phe118


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Working Papers

2018

  1. Valuation reports in the context of banking resolution: What are the challenges?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads

2017

  1. A Homeomorphism Theorem for the Universal Type Space with the Uniform Topology
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
  2. Carving out legacy assets: a successful tool for bank restructuring?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
  3. Precautionary recapitalisations: time for a review
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
  4. Probability Measures on Product Spaces with Uniform Metrics
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
  5. The Generic Possibility of Full Surplus Extraction in Models with Large Type Spaces
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
    See also Journal Article in Journal of Economic Theory (2017)
  6. The Leverage Ratchet Effect
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (1)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2017) Downloads View citations (8)

    See also Journal Article in Journal of Finance (2018)

2016

  1. “Total Assets” versus “Risk Weighted Assets”: Does it matter for MREL requirements?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads

2015

  1. Public-Good Provision in Large Economies
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
  2. The Genericity of the McAfee-Reny Condition for Full Surplus Extraction in Models with a Continuum of Types
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads

2014

  1. Financial Stability, Monetary Policy, Banking Supervision, and Central Banking
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (6)
  2. Is Europe Overbanked?
    Report of the Advisory Scientific Committee, European Systemic Risk Board Downloads View citations (1)
  3. Yes Virginia, There is a European Banking Union! But It May Not Make Your Wishes Come True
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (2)

2013

  1. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (43)
  2. The consequences of the single supervisory mechanism for Europe's macro-prudential policy framework
    Report of the Advisory Scientific Committee, European Systemic Risk Board Downloads

2012

  1. A contribution from the Chair and Vice-Chairs of the Advisory Scientific Committee to the discussion on the European Commission's banking union proposals
    Report of the Advisory Scientific Committee, European Systemic Risk Board Downloads
  2. Forbearance, resolution and deposit insurance
    Report of the Advisory Scientific Committee, European Systemic Risk Board Downloads

2011

  1. Beliefs, Payoffs, Information: On the Robustness of the BDP Property in Models with Endogenous Beliefs
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
    See also Journal Article in Journal of Mathematical Economics (2014)
  2. From Posteriors to Priors via Cycles: An Addendum
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (1)
    See also Journal Article in Economics Letters (2013)
  3. Incomplete-Information Models of Large Economies with Anonymity: Existence and Uniqueness of Common Priors
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (4)
  4. Mechanism Design and Voting for Public-Good Provision
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (5)
  5. Quo vadis, Euroland? European Monetary Union between Crisis and Reform
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (9)

2010

  1. A euro rescue plan
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (2)
    See also Journal Article in CESifo Forum (2010)
  2. Capital Regulation after the Crisis: Business as Usual?
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (51)
    See also Journal Article in ifo DICE Report (2010)
  3. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity Is Not Expensive
    Research Papers, Stanford University, Graduate School of Business Downloads View citations (89)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2010) Downloads View citations (73)
  4. Finanzkrise und Reformbedarf [The Financial Crisis and Regulatory Reform]
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (3)
  5. Incentive Problems with Unidimensional Hidden Characteristics: A Unified Approach
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (17)
    See also Journal Article in Econometrica (2010)
  6. Public-Good Provision in a Large Economy
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (2)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) Downloads

2009

  1. Informational Smallness and the Scope for Limiting Information Rents
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
    See also Journal Article in Journal of Economic Theory (2010)
  2. Utilitarian Mechanism Design for an Excludable Public Good
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (1)
    See also Journal Article in Economic Theory (2010)

2008

  1. A Generalization of the Atkinson-Stiglitz (1976) Theorem on the Undesirability of Nonuniform Excise Taxation
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (1)
    See also Journal Article in Economics Letters (2010)
  2. A Maximum Principle for Control Problems with Monotonicity Constraints
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (5)
  3. A Note on Deaton's Theorem on the Undesirability of Nonuniform Excise Taxation
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (2)
    See also Journal Article in Economics Letters (2009)
  4. Competition Policy and Sector-Specific Regulation for Network Industries
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
  5. Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (20)
    See also Journal Article in De Economist (2009)

2007

  1. A Contribution to the Theory of Optimal Utilitarian Income Taxation
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (48)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2005) Downloads View citations (9)

    See also Journal Article in Journal of Public Economics (2007)
  2. A Reconsideration of the Jensen-Meckling Model of Outside Finance
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (1)
    See also Journal Article in Journal of Financial Intermediation (2009)
  3. Switzerland and Euroland: European Monetary Union, Monetary Stability and Financial Stability
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (2)
  4. Wirtschaftspolitik als Rechtsanwendung
    Walter Adolf Jöhr Lecture, University of St. Gallen, School of Economics and Political Science, Institute of Economics (FGN-HSG) Downloads View citations (1)

2006

  1. Market Discipline, Information Processing, and Corporate Governance
    Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich Downloads View citations (1)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2005) Downloads View citations (3)
  2. Private Damage Claims and the Passing-On Defense in Horizontal Price-Fixing Cases: An Economist’s Perspective
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (3)
  3. The Provision and Pricing of Excludable Public Goods: Ramsey-Boiteux Pricing versus Bundling
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2004) Downloads View citations (1)

    See also Journal Article in Journal of Public Economics (2007)

2005

  1. An Economic Approach to Article 82
    Discussion Papers in Economics, University of Munich, Department of Economics Downloads View citations (31)
  2. An Economic Approach to Article 82 - Report by the European Advisory Group on Competition Policy
    Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich Downloads View citations (4)
  3. The Undesirability of Randomized Income Taxation under Decreasing Risk Aversion
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (2)
    See also Journal Article in Journal of Public Economics (2007)

2004

  1. An agenda for a growing Europe: the Sapir report
    ULB Institutional Repository, ULB -- Universite Libre de Bruxelles View citations (148)
    See also Book (2004)
  2. Nonlinear Incentive Provision in Walrasian Markets: A Cournot Convergence Approach
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads
    See also Journal Article in Journal of Economic Theory (2005)
  3. Optimal Income Taxation and Public-Goods Finance
    2004 Meeting Papers, Society for Economic Dynamics View citations (2)
  4. Optimal Income Taxation, Public-Goods Provision
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim Downloads View citations (2)
  5. Optimal Income Taxation, Public-Goods Provision and Public-Sector Pricing: A Contribution to the Foundations of Public Economics
    Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods Downloads View citations (7)
    Also in Papers, Sonderforschungsbreich 504 (2004) Downloads View citations (4)
  6. Risk Aversion in the Small and in the Large When Outcomes Are Multidimensional
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim Downloads View citations (1)
    Also in Discussion Paper Series of the Max Planck Institute for Research on Collective Goods, Max Planck Institute for Research on Collective Goods (2004) Downloads View citations (1)
    Papers, Sonderforschungsbreich 504 (2004) Downloads View citations (1)
  7. The Relation between Real Wage Rates and Employment: An Intertemporal General- Equilibrium Analysis
    Papers, Sonderforschungsbreich 504 View citations (2)
    See also Journal Article in German Economic Review (2004)
  8. The provision and pricing of excludable public goods: Ramsey-Boiteux versus bundling
    Papers, Sonderforschungsbreich 504 Downloads View citations (1)

2003

  1. A Utilitarian Approach to the Provision and Pricing of Excludable Public Goods
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim Downloads View citations (6)
    Also in Papers, Sonderforschungsbreich 504 (2003) Downloads View citations (6)

    See also Journal Article in Journal of Public Economics (2005)

2002

  1. Competitive Insurance Markets with Asymmetric Information: A Cournot-Arrow-Debreu Approach*
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim
    Also in Papers, Sonderforschungsbreich 504 (2002)
  2. Discrete-time approximations of the Holmström-Milgrom brownian-motion model of intertemporal incentive provision
    Munich Reprints in Economics, University of Munich, Department of Economics View citations (10)
    Also in Discussion Papers in Economics, University of Munich, Department of Economics (2001) Downloads View citations (4)
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2001) View citations (2)
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (1998) Downloads
    Papers, Sonderforschungsbreich 504 (1998) Downloads

    See also Journal Article in Econometrica (2002)

2001

  1. On the Role of Boundary Solutions in Principal-Agent Problems with Effort Costs Depending on Mean Returns
    Papers, Sonderforschungsbreich 504 View citations (1)
  2. The Impact of the Number of Participants on the Provision of a Public Good
    Papers, Sonderforschungsbreich 504 View citations (4)
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2001) View citations (3)
  3. The Role of Boundary Solutions in Principal-Agent Problems with Effort Costs Depending on Mean Returns
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (1)
  4. Wage Growth, Productivity Growth, and the Evolution of Employment
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (1)
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (1999) View citations (4)

2000

  1. Abgeltungssteuer bei Kapitaleinkommen
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin Downloads View citations (1)
  2. Corporate Governance and the Financing of Investment for Structural Change
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim Downloads View citations (2)
    Also in Papers, Sonderforschungsbreich 504 (2000) Downloads View citations (3)
  3. Costly State Verification: The Choice Between Ex Ante and Ex Post Mechanisms
    Papers, Sonderforschungsbreich 504
  4. Costly State Verification: The Choice Between Ex Ante and Ex Post Verification Mechanisms
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim
  5. Die föderative Ordnung in Not: Zur Reform des Finanzausgleichs
    Kronberger Kreis-Studien, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin Downloads
  6. Nonlinear Incentive Contracting in Walrasian Markets: A Cournot Approach
    Papers, Sonderforschungsbreich 504 View citations (1)
    Also in Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim (2000) View citations (1)

1999

  1. Endogenous Technical Change in a Competitive Economy
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim Downloads View citations (4)
    Also in Papers, Sonderforschungsbreich 504 (1999) Downloads View citations (9)

    See also Journal Article in Journal of Economic Theory (2001)
  2. Ökologische Steuerreform: Zu viele Illusionen
    Argumente zur Marktwirtschaft und Politik, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin Downloads

1998

  1. Allowing for Risk Choices in Diamond's "Financial Intermediation as Delegated Monitoring"
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (5)
    Also in Papers, Sonderforschungsbreich 504 (1998) View citations (5)
  2. Financial Intermediation with Risk Aversion
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim Downloads View citations (1)
    Also in Papers, Sonderforschungsbreich 504 (1998) Downloads View citations (1)

    See also Journal Article in Review of Economic Studies (2000)
  3. On the Economics and Politics of Corporate Finance and Corporate Control
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim Downloads View citations (13)
    Also in Papers, Sonderforschungsbreich 504 (1998) Downloads View citations (13)
  4. Risk Aversion and Incentive Compatibility with Ex Post Information Asymmetry
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim Downloads
    Also in Papers, Sonderforschungsbreich 504 (1998) Downloads
  5. Systemische Risiken im Finanzsektor
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (4)

1997

  1. Banks, Markets, and the Allocation of Risks in an Economy
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim
  2. Unternehmensfinanzierung, Unternehmenskontrolle und Ressourcenallokation: Was leistet das Finanzsystem?
    Sonderforschungsbereich 504 Publications, Sonderforschungsbereich 504, Universität Mannheim View citations (9)

1985

  1. The Optimal Linear Income Tax Revisited (Now published in Journal of Public Economics, 31 (1986), pp.163-179.)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE

1984

  1. A General-Equilibrium Model of the Transactions Demand for Money
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE View citations (3)
  2. Incentive-Compatible Debt Contracts: The One-Period Problem (Revised version now published in Review of Economic Studies, 1985).)
    STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE
    Also in STICERD - Theoretical Economics Paper Series, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE (1983)

1982

  1. Rational expectations equilibrium with conditioning on past prices: a mean-variance example
    CORE Discussion Papers RP, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) Downloads View citations (3)
    See also Journal Article in Journal of Economic Theory (1982)

1973

  1. Asset Management with Trading Uncertainty
    Working papers, Massachusetts Institute of Technology (MIT), Department of Economics
    See also Journal Article in Review of Economic Studies (1975)

Journal Articles

2018

  1. Kurz kommentiert
    (Concise Comments)
    Wirtschaftsdienst, 2018, 98, (4), 224-226 Downloads
    Also in Wirtschaftsdienst, 2017, 97, (1), 4-6 (2017) Downloads
  2. The Leverage Ratchet Effect
    Journal of Finance, 2018, 73, (1), 145-198 Downloads
    See also Working Paper (2017)
  3. Zehn Jahre nach der Lehman-Pleite — Finanzmärkte stabil?
    (Ten Years after the Lehman-Bankruptcy — Have Financial Markets Stabilized?)
    Wirtschaftsdienst, 2018, 98, (8), 539-557 Downloads

2017

  1. Deutschland und die Finanzkrise(n)
    (Germany and the Financial Crises)
    Wirtschaftsdienst, 2017, 97, (9), 606-607 Downloads
  2. Finanzstabilität, Transparenz und Verantwortlichkeit: Stellungnahme für das Bundesverfassungsgericht
    Credit and Capital Markets, 2017, 50, (4), 421-454
  3. The generic possibility of full surplus extraction in models with large type spaces
    Journal of Economic Theory, 2017, 170, (C), 385-416 Downloads
    See also Working Paper (2017)
  4. Wachstumsschwäche, Bankenmalaise und Bankenregulierung
    (Weak Economies and Weak Banks: Implications for Policies Towards Banks)
    Wirtschaftsdienst, 2017, 97, (1), 43-48 Downloads
  5. „Man sollte mehr Mut haben, Banken in die Insolvenz gehen zu lassen“: Ein Gespräch über Leistungsbilanzen, staatliche Investitionen, Schulden, Geldpolitik und Bankenregulierung
    Perspektiven der Wirtschaftspolitik, 2017, 18, (3), 226-244 Downloads

2016

  1. Robustly Coalition-Proof Incentive Mechanisms for Public Good Provision are Voting Mechanisms and Vice Versa
    Review of Economic Studies, 2016, 83, (4), 1440-1464 Downloads View citations (5)

2014

  1. Beliefs, payoffs, information: On the robustness of the BDP property in models with endogenous beliefs
    Journal of Mathematical Economics, 2014, 51, (C), 136-153 Downloads View citations (2)
    See also Working Paper (2011)

2013

  1. From posteriors to priors via cycles: An addendum
    Economics Letters, 2013, 118, (3), 455-458 Downloads View citations (2)
    See also Working Paper (2011)

2010

  1. A Euro Rescue Plan
    CESifo Forum, 2010, 11, (2), 101-104 Downloads View citations (2)
    See also Working Paper (2010)
  2. A generalization of the Atkinson-Stiglitz (1976) theorem on the undesirability of nonuniform excise taxation
    Economics Letters, 2010, 108, (2), 156-158 Downloads View citations (1)
    See also Working Paper (2008)
  3. Capital Regulation after the Crisis: Business as Usual?
    ifo DICE Report, 2010, 8, (2), 40-46 Downloads View citations (13)
    See also Working Paper (2010)
  4. Incentive Problems With Unidimensional Hidden Characteristics: A Unified Approach
    Econometrica, 2010, 78, (4), 1201-1237 Downloads View citations (14)
    See also Working Paper (2010)
  5. Informational smallness and the scope for limiting information rents
    Journal of Economic Theory, 2010, 145, (6), 2260-2281 Downloads View citations (2)
    See also Working Paper (2009)
  6. Utilitarian mechanism design for an excludable public good
    Economic Theory, 2010, 44, (3), 361-397 Downloads View citations (1)
    See also Working Paper (2009)

2009

  1. A note on Deaton's theorem on the undesirability of nonuniform excise taxation
    Economics Letters, 2009, 105, (2), 186-188 Downloads View citations (3)
    See also Working Paper (2008)
  2. A reconsideration of the Jensen-Meckling model of outside finance
    Journal of Financial Intermediation, 2009, 18, (4), 495-525 Downloads View citations (12)
    See also Working Paper (2007)
  3. Drohende Kreditklemme: sollten die Basel-II-Regeln überholt oder zeitweise ausgesetzt werden?
    ifo Schnelldienst, 2009, 62, (15), 3-18 Downloads
  4. Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis
    De Economist, 2009, 157, (2), 129-207 Downloads View citations (73)
    See also Working Paper (2008)

2008

  1. The Causes of the Financial Crisis
    CESifo Forum, 2008, 9, (4), 12-21 Downloads View citations (2)

2007

  1. A contribution to the theory of optimal utilitarian income taxation
    Journal of Public Economics, 2007, 91, (7-8), 1449-1477 Downloads View citations (40)
    See also Working Paper (2007)
  2. The provision and pricing of excludable public goods: Ramsey-Boiteux pricing versus bundling
    Journal of Public Economics, 2007, 91, (3-4), 511-540 Downloads View citations (7)
    See also Working Paper (2006)
  3. The role of boundary solutions in principal-agent problems of the Holmstrom-Milgrom type
    Journal of Economic Theory, 2007, 136, (1), 446-475 Downloads View citations (1)
  4. The undesirability of randomized income taxation under decreasing risk aversion
    Journal of Public Economics, 2007, 91, (3-4), 791-816 Downloads View citations (21)
    See also Working Paper (2005)

2006

  1. Wie bringt man einen Verlustmacher an die Börse? Kritische Anmerkungen zur Privatisierung der DB AG
    Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), 2006, 86, (8), 504-509 Downloads

2005

  1. A utilitarian approach to the provision and pricing of excludable public goods
    Journal of Public Economics, 2005, 89, (11-12), 1981-2003 Downloads View citations (10)
    See also Working Paper (2003)
  2. Nonlinear incentive provision in Walrasian markets: a Cournot convergence approach
    Journal of Economic Theory, 2005, 120, (1), 1-38 Downloads
    See also Working Paper (2004)

2004

  1. The Relation between Real Wage Rates and Employment: An Intertemporal General- Equilibrium Analysis
    German Economic Review, 2004, 5, (3), 263-295 Downloads View citations (3)
    See also Working Paper (2004)

2003

  1. Public-Good Provision with Many Participants
    Review of Economic Studies, 2003, 70, (3), 589-614 Downloads View citations (44)

2002

  1. Discrete-Time Approximations of the Holmstrom-Milgrom Brownian-Motion Model of Intertemporal Incentive Provision
    Econometrica, 2002, 70, (6), 2225-2264 Downloads View citations (16)
    See also Working Paper (2002)
  2. Laudatio für Carl Christian von Weizsäcker: Thünen-Redner 2001
    Perspektiven der Wirtschaftspolitik, 2002, 3, (4), 421-424 Downloads
  3. Laudatio für Klaus M. Schmidt: Gossen-Preisträger 2001
    Perspektiven der Wirtschaftspolitik, 2002, 3, (4), 417-419 Downloads
  4. Wettbewerb der Institutionen - Eröffnung der Jahrestagung des Vereins für Socialpolitik in Magdeburg 2001
    Perspektiven der Wirtschaftspolitik, 2002, 3, (4), 359-362 Downloads

2001

  1. Endogenous Technical Change in a Competitive Economy
    Journal of Economic Theory, 2001, 101, (1), 1-39 Downloads View citations (64)
    See also Working Paper (1999)
  2. symposium articles: Risk aversion and incentive compatibility with ex post information asymmetry
    Economic Theory, 2001, 18, (2), 415-438 Downloads View citations (2)

2000

  1. Banken zwischen Politik und Markt: Worin besteht die volkswirtschaftliche Verantwortung der Banken?
    Perspektiven der Wirtschaftspolitik, 2000, 1, (3), 337-356 Downloads View citations (2)
  2. Financial Intermediation with Risk Aversion
    Review of Economic Studies, 2000, 67, (4), 719-742 Downloads View citations (23)
    See also Working Paper (1998)

1998

  1. Financial Institutions in Transition: Banks, Markets, and the Allocation of Risks in an Economy
    Journal of Institutional and Theoretical Economics (JITE), 1998, 154, (1), 328- View citations (12)

1996

  1. Capital Adequacy Rules as Instruments for the Regulation of Banks
    Swiss Journal of Economics and Statistics (SJES), 1996, 132, (IV), 609-612 Downloads View citations (3)
  2. Capital Requirements for Market Risks Based on Inhouse Models - Aspects of Quality Assessment
    Swiss Journal of Economics and Statistics (SJES), 1996, 132, (IV), 755-776 Downloads View citations (6)
  3. Rational expectations equilibria in sequence economies with symmetric information: The two-period case
    Journal of Mathematical Economics, 1996, 26, (1), 9-49 Downloads View citations (14)
  4. Sequential decisions under uncertainty and the maximum theorem
    Journal of Mathematical Economics, 1996, 25, (4), 443-464 Downloads View citations (5)

1995

  1. Systemic Aspects of Risk Management in Banking and Finance
    Swiss Journal of Economics and Statistics (SJES), 1995, 131, (IV), 723-737 Downloads View citations (40)
  2. The Assessment of Large Compounds of Independent Gambles
    Journal of Economic Theory, 1995, 67, (2), 299-326 Downloads View citations (6)
  3. The macroeconomic implications of capital adequacy requirements for banks
    European Economic Review, 1995, 39, (3-4), 739-749 Downloads View citations (138)

1994

  1. Liquidity provision, banking, and the allocation of interest rate risk
    European Economic Review, 1994, 38, (7), 1363-1389 Downloads View citations (90)

1993

  1. Bertrand-Edgeworth Duopoly with Proportional Residual Demand
    International Economic Review, 1993, 34, (1), 39-60 Downloads View citations (24)
  2. The challenge of monetary theory
    European Economic Review, 1993, 37, (2-3), 215-242 Downloads View citations (41)

1992

  1. Fully revealing outcomes in signalling models: An example of nonexistence when the type space is unbounded
    Journal of Economic Theory, 1992, 58, (1), 93-104 Downloads View citations (8)

1991

  1. Die Kommunikationsfunktion der Finanzmärkte
    Swiss Journal of Economics and Statistics (SJES), 1991, 127, (III), 351-364 Downloads

1990

  1. Introduction
    European Economic Review, 1990, 34, (2-3), 223-224 Downloads
  2. Subgame perfect equilibrium in continuous games of perfect information: An elementary approach to existence and approximation by discrete games
    Journal of Economic Theory, 1990, 52, (2), 406-422 Downloads View citations (14)

1989

  1. Asymmetric information, financial markets, and financial institutions Where are we currently going?
    European Economic Review, 1989, 33, (2-3), 277-285 Downloads View citations (13)
  2. Repudiation and Renegotiation: The Case of Sovereign Debt
    International Economic Review, 1989, 30, (1), 3-31 Downloads View citations (29)
  3. The approximation of competitive equilibria by Bertrand-Edgeworth equilibria in large markets
    Journal of Mathematical Economics, 1989, 18, (2), 103-127 Downloads View citations (2)

1988

  1. A note on the specification of interfirm communication in insurance markets with adverse selection
    Journal of Economic Theory, 1988, 46, (1), 154-163 Downloads View citations (15)

1987

  1. On the existence of subgame-perfect equilibrium in infinite-action games of perfect information
    Journal of Economic Theory, 1987, 43, (1), 55-75 Downloads View citations (17)
  2. Some recent developments in the theory of competition in markets with adverse selection *
    European Economic Review, 1987, 31, (1-2), 319-325 Downloads View citations (111)

1986

  1. 'The pure theory of country risk' by J. Eaton, M. Gersovitz and J. Stiglitz
    European Economic Review, 1986, 30, (3), 521-527 Downloads View citations (1)
  2. Bertrand-Edgeworth Oligopoly in Large Markets
    Review of Economic Studies, 1986, 53, (2), 175-204 Downloads View citations (50)
  3. Price-Setting Firms and the Oligopolistic Foundations of Perfect Competition
    American Economic Review, 1986, 76, (2), 387-92 Downloads View citations (26)
  4. Risikoallokation in einem Marktsystem
    Swiss Journal of Economics and Statistics (SJES), 1986, 122, (III), 231-251 Downloads
  5. The optimal linear income tax revisited
    Journal of Public Economics, 1986, 31, (2), 163-179 Downloads View citations (25)
  6. The private supply of a public good
    Journal of Economics, 1986, 5, (1), 121-159 Downloads View citations (36)
    Also in Journal of Economics, 1986, 46, (1), 121-159 (1986) Downloads View citations (21)

1985

  1. Incentive-Compatible Debt Contracts: The One-Period Problem
    Review of Economic Studies, 1985, 52, (4), 647-663 Downloads View citations (679)

1983

  1. A note on the implementation of rational expectations equilibria
    Economics Letters, 1983, 11, (1-2), 1-8 Downloads View citations (9)

1982

  1. Rational expectations and the Markov property of temporary equilibrium processes
    Journal of Mathematical Economics, 1982, 9, (1-2), 135-144 Downloads View citations (8)
  2. Rational expectations equilibrium with conditioning on past prices: A mean-variance example
    Journal of Economic Theory, 1982, 26, (2), 279-312 Downloads View citations (59)
    See also Working Paper (1982)

1981

  1. Bankruptcy, Limited Liability, and the Modigliani-Miller Theorem
    American Economic Review, 1981, 71, (1), 155-70 View citations (25)

1980

  1. On the aggregation of information in competitive markets
    Journal of Economic Theory, 1980, 22, (3), 477-498 Downloads View citations (268)
  2. Stochastic processes of temporary equilibria: A note
    Journal of Mathematical Economics, 1980, 7, (3), 287-299 Downloads View citations (6)

1977

  1. A Model of Borrowing and Lending with Bankruptcy
    Econometrica, 1977, 45, (8), 1879-1906 Downloads View citations (11)

1975

  1. A note on the budget constraint in a model of borrowing
    Journal of Economic Theory, 1975, 11, (2), 305-314 Downloads View citations (3)
  2. Asset Management with Trading Uncertainty
    Review of Economic Studies, 1975, 42, (3), 327-346 Downloads View citations (30)
    See also Working Paper (1973)
  3. The demand for money and bonds in continuous-time models
    Journal of Economic Theory, 1975, 11, (3), 462-464 Downloads View citations (2)

Books

2014

  1. The Bankers' New Clothes: What's Wrong with Banking and What to Do about It: with a new preface by the authors
    Economics Books, Princeton University Press View citations (15)

2013

  1. The Bankers' New Clothes: What's Wrong with Banking and What to Do about It
    Economics Books, Princeton University Press View citations (209)

2010

  1. Arbeitsweise der Bankenaufsicht vor dem Hintergrund der Finanzmarktkrise, vol 63
    IW-Analysen, Institut der deutschen Wirtschaft (IW) / German Economic Institute Downloads View citations (2)

2004

  1. An Agenda for a Growing Europe: The Sapir Report
    OUP Catalogue, Oxford University Press View citations (139)
    See also Working Paper (2004)

Chapters

2014

  1. The Emperors of Banking Have No Clothes
    A chapter in The Bankers' New Clothes: What's Wrong with Banking and What to Do about It: with a new preface by the authors, 2014 Downloads
    Also in A chapter in The Bankers' New Clothes: What's Wrong with Banking and What to Do about It, 2013 (2013) Downloads
 
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