Details about Michael Kirchler

Access statistics for papers by Michael Kirchler.

Last updated 2015-08-11. Update your information in the RePEc Author Service.

Short-id: pki453

Working Papers

2015

1. Market Design and Moral Behavior
   IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (18)

2014

2. Market vs. Residence Principle: Experimental Evidence on the Effects of a Financial Transaction Tax
   IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (2)
   Also in Economics Working Papers, European University Institute (2014) View citations (2)
3. The "Inflow-Effect" - Trader Inflow and Bubble Formation in Asset Markets
   Working Papers, Faculty of Economics and Statistics, Universität Innsbruck View citations (2)

2013

4. Hot Hand and Gambler's Fallacy in Teams: Evidence from Investment Experiments
   Working Papers, Faculty of Economics and Statistics, Universität Innsbruck

2012

5. Do Option-like Incentives Induce Overvaluation? Evidence from Experimental Asset Markets
   Working Papers in Economics, University of Gothenburg, Department of Economics View citations (5)
   See also Journal Article Do option-like incentives induce overvaluation? Evidence from experimental asset markets, Journal of Economic Dynamics and Control, Elsevier (2014) View citations (23) (2014)

2011

6. Thar she bursts - Reducing confusion reduces bubbles
   Working Papers, Faculty of Economics and Statistics, Universität Innsbruck View citations (1)
   See also Journal Article Thar She Bursts: Reducing Confusion Reduces Bubbles, American Economic Review, American Economic Association (2012) View citations (187) (2012)

2010

7. Football Championships and Jersey Sponsors' Stock Prices: An Empirical Investigation
   Working Papers, Faculty of Economics and Statistics, Universität Innsbruck
   See also Journal Article Football championships and jersey sponsors’ stock prices: an empirical investigation, The European Journal of Finance, Taylor & Francis Journals (2013) View citations (1) (2013)
8. Trading strategies and trading profits in experimental asset markets with cumulative information
   Working Papers, Faculty of Economics and Statistics, Universität Innsbruck View citations (1)

2009

9. Bubble or no Bubble - The Impact of Market Model on the Formation of Price Bubbles in Experimental Asset Markets
   Working Papers, Faculty of Economics and Statistics, Universität Innsbruck View citations (3)

2008

10. Bubbles and information: An experiment
    Working Papers, Faculty of Economics and Statistics, Universität Innsbruck
    See also Journal Article Bubbles and Information: An Experiment, Management Science, INFORMS (2012) View citations (51) (2012)
11. Corporate campaign contributions and abnormal stock returns after presidential elections
    Working Papers, Faculty of Economics and Statistics, Universität Innsbruck
    See also Journal Article Corporate campaign contributions and abnormal stock returns after presidential elections, Public Choice, Springer (2013) View citations (10) (2013)
12. It is hard to beat the Monkeys - On the Value of Asymmetric Fundamental Information in Asset Markets
    Working Papers, Faculty of Economics and Statistics, Universität Innsbruck

2007

13. The economic consequences of a Tobin tax - An experimental analysis
    Working Papers, Faculty of Economics and Statistics, Universität Innsbruck View citations (5)
    See also Journal Article The economic consequences of a Tobin tax--An experimental analysis, Journal of Economic Behavior & Organization, Elsevier (2010) View citations (38) (2010)
14. The value of information in a multi-agent market model
    Papers, arXiv.org View citations (9)
    Also in MPRA Paper, University Library of Munich, Germany (2006)
    See also Journal Article The value of information in a multi-agent market model, The European Physical Journal B: Condensed Matter and Complex Systems, Springer (2007) View citations (9) (2007)

2006

15. Waiting times between orders and trades in double-auction markets
    Papers, arXiv.org View citations (25)
    See also Journal Article Waiting times between orders and trades in double-auction markets, Physica A: Statistical Mechanics and its Applications, Elsevier (2006) View citations (23) (2006)

2004

16. Is more information always better? Experimental financial markets with asymmetric information
    Papers on Strategic Interaction, Max Planck Institute of Economics, Strategic Interaction Group View citations (1)

Journal Articles

2015

1. Multi-period experimental asset markets with distinct fundamental value regimes
   Experimental Economics, 2015, 18, (2), 314-334 View citations (49)
2. The “inflow-effect”—Trader inflow and price efficiency
   European Economic Review, 2015, 77, (C), 1-19 View citations (13)

2014

3. Do option-like incentives induce overvaluation? Evidence from experimental asset markets
   Journal of Economic Dynamics and Control, 2014, 40, (C), 179-194 View citations (23)
   See also Working Paper Do Option-like Incentives Induce Overvaluation? Evidence from Experimental Asset Markets, Working Papers in Economics (2012) View citations (5) (2012)
4. Experimental evidence on varying uncertainty and skewness in laboratory double-auction markets
   Journal of Economic Behavior & Organization, 2014, 107, (PB), 798-809 View citations (11)
5. Rank matters–The impact of social competition on portfolio choice
   European Economic Review, 2014, 66, (C), 97-110 View citations (51)
6. The impact of different incentive schemes on asset prices
   European Economic Review, 2014, 68, (C), 137-150 View citations (38)

2013

7. Corporate campaign contributions and abnormal stock returns after presidential elections
   Public Choice, 2013, 156, (1), 285-307 View citations (10)
   See also Working Paper Corporate campaign contributions and abnormal stock returns after presidential elections, Working Papers (2008) (2008)
8. Football championships and jersey sponsors’ stock prices: an empirical investigation
   The European Journal of Finance, 2013, 19, (3), 228-241 View citations (1)
   See also Working Paper Football Championships and Jersey Sponsors' Stock Prices: An Empirical Investigation, Working Papers (2010) (2010)

2012

9. Bubbles and Information: An Experiment
   Management Science, 2012, 58, (2), 384-393 View citations (51)
   See also Working Paper Bubbles and information: An experiment, Working Papers (2008) (2008)
10. Thar She Bursts: Reducing Confusion Reduces Bubbles
    American Economic Review, 2012, 102, (2), 865-83 View citations (187)
    See also Working Paper Thar she bursts - Reducing confusion reduces bubbles, Working Papers (2011) View citations (1) (2011)
11. The impact of a financial transaction tax on stylized facts of price returns—Evidence from the lab
    Journal of Economic Dynamics and Control, 2012, 36, (8), 1248-1266 View citations (14)
12. The impact of instructions and procedure on reducing confusion and bubbles in experimental asset markets
    Experimental Economics, 2012, 15, (1), 89-105 View citations (84)

2011

13. Experimental asset markets with endogenous choice of costly asymmetric information
    Experimental Economics, 2011, 14, (2), 223-240 View citations (34)
14. Market microstructure matters when imposing a Tobin tax—Evidence from the lab
    Journal of Economic Behavior & Organization, 2011, 80, (3), 586-602 View citations (16)

2010

15. Bubble measures in experimental asset markets
    Experimental Economics, 2010, 13, (3), 284-298 View citations (179)
16. Partial knowledge is a dangerous thing - On the value of asymmetric fundamental information in asset markets
    Journal of Economic Psychology, 2010, 31, (4), 643-658 View citations (13)
17. The economic consequences of a Tobin tax--An experimental analysis
    Journal of Economic Behavior & Organization, 2010, 74, (1-2), 58-71 View citations (38)
    See also Working Paper The economic consequences of a Tobin tax - An experimental analysis, Working Papers (2007) View citations (5) (2007)
18. The hot hand belief and the gambler’s fallacy in investment decisions under risk
    Theory and Decision, 2010, 68, (4), 445-462 View citations (25)

2009

19. An exploration of commonly observed stylized facts with data from experimental asset markets
    Physica A: Statistical Mechanics and its Applications, 2009, 388, (8), 1631-1658 View citations (9)
20. Underreaction to fundamental information and asymmetry in mispricing between bullish and bearish markets. An experimental study
    Journal of Economic Dynamics and Control, 2009, 33, (2), 491-506 View citations (44)

2008

21. Is more information always better: Experimental financial markets with cumulative information
    Journal of Economic Behavior & Organization, 2008, 65, (1), 86-104 View citations (52)

2007

22. Fat tails and volatility clustering in experimental asset markets
    Journal of Economic Dynamics and Control, 2007, 31, (6), 1844-1874 View citations (43)
23. The value of information in a multi-agent market model
    The European Physical Journal B: Condensed Matter and Complex Systems, 2007, 55, (1), 115-120 View citations (9)
    See also Working Paper The value of information in a multi-agent market model, Papers (2007) View citations (9) (2007)

2006

24. Waiting times between orders and trades in double-auction markets
    Physica A: Statistical Mechanics and its Applications, 2006, 366, (C), 463-471 View citations (23)
    See also Working Paper Waiting times between orders and trades in double-auction markets, Papers (2006) View citations (25) (2006)