Christian Ewerhart

University of Zurich - Department of Economics

Winterthurerstrasse 30

CH-8006 Zurich

Switzerland

SCHOLARLY PAPERS

46

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163

Scholarly Papers (46)

1.

Repo Markets, Counterparty Risk, and the 2007/2008 Liquidity Crisis

ECB Working Paper No. 909, Swiss Finance Institute Research Paper No. 08-24
Number of pages: 48 Posted: 04 Jul 2008
Christian Ewerhart and Jens Tapking
University of Zurich - Department of Economics and European Central Bank (ECB)
Downloads 951 (23,104)

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counterparty risk, repurchase agreements, collateral, liquidity, haircuts

2.

Manipulation in Money Markets

Swiss Finance Institute Research Paper No. 29
Number of pages: 42 Posted: 26 Nov 2006
Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla
University of Zurich - Department of Economics, University of Milan Bicocca - CefES, European Central Bank (ECB) and European Union - European Investment Bank
Downloads 308 (97,361)
Citation 21

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Manipulation, Money markets, SWAPS

3.

Market Risks, Internal Models, and Optimal Regulation: Does Backtesting Induce Banks to Report Their True Risks?

EFA 2001 Barcelona Meetings
Number of pages: 41 Posted: 11 Jul 2001
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 254 (119,522)

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4.

The German Umts Design: Insights from Multi-Object Auction Theory

CESifo Working Paper Series No. 680
Number of pages: 19 Posted: 22 Apr 2002
Christian Ewerhart and Benny Moldovanu
University of Zurich - Department of Economics and University of Bonn - Chair of Economic Theory II
Downloads 199 (151,583)

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5.

Vanishing Liquidity, Market Runs, and the Welfare Impact of Tarp

Swiss Finance Institute Research Paper No. 09-01, EFA 2009 Bergen Meetings Paper
Number of pages: 49 Posted: 16 Feb 2009
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 152 (192,245)

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Forced liquidation, financial market run, liquidity, investors, welfare

6.

Liquidity, Information, and the Overnight Rate

ECB Working Paper No. 378; IEER Working Paper No. 186
Number of pages: 38 Posted: 14 Jun 2004
Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla
University of Zurich - Department of Economics, University of Milan Bicocca - CefES, European Central Bank (ECB) and European Union - European Investment Bank
Downloads 143 (202,033)

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Liquidity effect, asymmetric information, monetary policy implementation

7.

Lemons and Money Market

Swiss Finance Institute Research Paper No. 10-04
Number of pages: 37 Posted: 27 Jan 2010
Christian Ewerhart and Patricia Feubli
University of Zurich - Department of Economics and University of Zurich
Downloads 136 (210,426)
Citation 1

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Adverse Selection, Uniqueness of Equilibrium, Monotone Comparative Statics, Elasticity of Supply, Log-Supermodularity, Log-Concavity, Interbank Markets

8.

Signaling, Globality, and the Intuitive Criterion

Number of pages: 39 Posted: 08 Jun 2004
Christian Ewerhart and Philipp C. Wichardt
University of Zurich - Department of Economics and University of Rostock - Department of Economics
Downloads 133 (214,252)
Citation 18

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Global Games, Signaling, Intuitive Criterion

9.

Sporadic Manipulation in Money Markets with Central Bank Standing Facilities

ECB Working Paper No. 399
Number of pages: 36 Posted: 13 Dec 2004
Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla
University of Zurich - Department of Economics, University of Milan Bicocca - CefES, European Central Bank (ECB) and European Union - European Investment Bank
Downloads 117 (236,106)

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Money market, corridor system, manipulation

10.

A Model of the Eurosystem's Operational Framework for Monetary Policy Implementation

ECB Working Paper No. 197
Number of pages: 53 Posted: 27 Feb 2003
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 106 (253,281)

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Euro, monetary policy instruments, money market, operational framework, refinancing operations, reserve requirements, underbidding, volatility

11.

Rent-Seeking Contests with Independent Private Values

Institute for Empirical Research in Economics University of Zurich Working Paper No. 490
Number of pages: 23 Posted: 20 Jun 2010
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 78 (307,944)
Citation 9

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Rent seeking, conflict, independent private valuations, first-order stochastic dominance, mean-preserving spread

12.

Optimal Allotment Policy in the Eurosystem's Main Refinancing Operations

ECB Working Paper No. 295
Number of pages: 49 Posted: 10 Feb 2004
Christian Ewerhart, Nuno Cassola, Steen Ejerskov and Natacha Valla
University of Zurich - Department of Economics, University of Milan Bicocca - CefES, European Central Bank (ECB) and European Union - European Investment Bank
Downloads 71 (324,875)

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Euro, monetary policy instruments, operational framework, refinancing operations

13.

Financial Market Liquidity and the Lender of Last Resort

Banque de France Working Paper No. 178
Number of pages: 44 Posted: 10 Oct 2010
Christian Ewerhart and Natacha Valla
University of Zurich - Department of Economics and European Union - European Investment Bank
Downloads 67 (335,310)
Citation 11

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Liquidity, financial markets, lender of last resort

14.

Overbidding in Fixed Rate Tenders: The Role of Exposure Risk

Swiss Finance Institute Research Paper No. 10-35
Number of pages: 43 Posted: 25 Aug 2010 Last Revised: 02 Jun 2011
Christian Ewerhart, Nuno Cassola and Natacha Valla
University of Zurich - Department of Economics, University of Milan Bicocca - CefES and European Union - European Investment Bank
Downloads 67 (335,310)
Citation 1

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Eurosystem; Bank of England, Fixed rate tender, Overbidding, Exposure risk, Existence of equilibrium, Dynamics

15.

Optimal Design and p-Concavity

Institute for Empirical Research in Economics University of Zurich Working Paper No. 409
Number of pages: 20 Posted: 27 Apr 2009 Last Revised: 07 Jun 2011
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 66 (337,994)

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Virtual valuation, Regularity, Generalized concavity, Prékopa-Borell Theorem, Mechanism design.

16.

Cournot Games with Biconcave Demand

University of Zurich Working Paper No. 16
Number of pages: 26 Posted: 16 Sep 2009 Last Revised: 29 Jan 2014
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 62 (348,946)
Citation 3

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Cournot games, existence and uniqueness of a pure-strategy Nash equilibrium, generalized concavity, supermodularity

17.

Voluntary Disclosure in Unfair Contests

University of Zurich, Department of Economics, Working Paper No. 279
Number of pages: 66 Posted: 23 Feb 2018
Christian Ewerhart and Julia Grünseis
University of Zurich - Department of Economics and University of Zurich - Department of Economics
Downloads 58 (360,585)
Citation 1

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Unfair contests, incomplete information, self-disclosure, unraveling, strategic complements and substitutes, dominance and defiance

18.

Unique Equilibrium in Contests with Incomplete Information

University of Zurich, Department of Economics, Working Paper No. 133, Revised version
Number of pages: 43 Posted: 04 Nov 2015 Last Revised: 14 Nov 2018
Christian Ewerhart and Federico Quartieri
University of Zurich - Department of Economics and Department of Economics and Management, University of Florence
Downloads 58 (360,585)
Citation 2

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Imperfectly discriminating contests, private information, existence and uniqueness of equilibrium, budget constraints, rent dissipation

19.

The Effect of Sunk Costs on the Outcome of Alternating-Offers Bargaining between Inequity-Averse Agents

Schmalenbach Business Review, Vol. 58, April 2006
Number of pages: 20 Posted: 03 May 2006
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 58 (360,585)

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Alternating-Offers Bargaining, Inequity Aversion, Hold-Up Problem

20.

Fictitious Play in Networks

University of Zurich, Department of Economics, Working Paper No. 239, Revised version
Number of pages: 59 Posted: 08 Dec 2016 Last Revised: 18 Jun 2019
Christian Ewerhart and Kremena Valkanova
University of Zurich - Department of Economics and University of Zurich - Department of Economics
Downloads 53 (376,278)
Citation 1

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Fictitious play, networks, zero-sum games, conflicts, potential games, Miyasawa's theorem, Robinson's theorem

21.

Declining Valuations and Equilibrium Bidding in Central Bank Refinancing Operations

ECB Working Paper No. 668, Swiss Finance Institute Research Paper No. 07-22
Number of pages: 33 Posted: 22 Aug 2006
Christian Ewerhart, Nuno Cassola and Natacha Valla
University of Zurich - Department of Economics, University of Milan Bicocca - CefES and European Union - European Investment Bank
Downloads 52 (379,515)

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Open market operations, uniform price auction, discriminatory, Eurosystem, discriminatory auction, bid shading, collateral

22.

On the Origin of r-concavity and Related Concepts

University of Zurich, Department of Economics, Working Paper No. 187
Number of pages: 27 Posted: 06 Mar 2015
Tamás Balogh and Christian Ewerhart
University of Debrecen and University of Zurich - Department of Economics
Downloads 49 (389,491)

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Generalized concavity, r-concavity, ρ-concavity, nonlinear optimization, economic applications

23.

Equilibrium and Inefficiency in Fixed Rate Tenders

ECB Working Paper No. 554
Number of pages: 35 Posted: 30 Nov 2005
Christian Ewerhart, Nuno Cassola and Natacha Valla
University of Zurich - Department of Economics, University of Milan Bicocca - CefES and European Union - European Investment Bank
Downloads 48 (392,978)

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Fixed rate tenders, rationing, equilibrium, inefficiency

24.

Contests with Small Noise and the Robustness of the All-Pay Auction

University of Zurich, Department of Economics, Working Paper No. 186, Revised version
Number of pages: 40 Posted: 29 Jan 2015 Last Revised: 05 Jul 2017
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 47 (396,372)

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Contests, increasing returns, mixed-strategy Nash equilibrium, robustness of the all-pay auction, payoff equivalence, revenue equivalence

25.

Forced Portfolio Liquidation

Banque de France Working Paper No. 179
Number of pages: 46 Posted: 09 Oct 2010
Christian Ewerhart and Natacha Valla
University of Zurich - Department of Economics and European Union - European Investment Bank
Downloads 46 (399,945)
Citation 21

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Portfolio liquidation, market disruption, leverage, determinants of asset liquidity, hedge funds, structured credit

26.

'Yes Men,' Integrity, and the Optimal Design of Incentive Contracts

Number of pages: 17 Posted: 25 Nov 2007
Christian Ewerhart and Patrick W. Schmitz
University of Zurich - Department of Economics and University of Cologne
Downloads 45 (403,458)
Citation 2

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Structural Econometric Approach to Bidding in the Main Refinancing Operations of the Eurosystem

ECB Working Paper No. 793
Number of pages: 33 Posted: 17 Aug 2007
Christian Ewerhart, Nuno Cassola and Claudio Morana
University of Zurich - Department of Economics, University of Milan Bicocca - CefES and Università di Milano Bicocca
Downloads 44 (414,891)

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Repo auctions, monetary policy implementation, primary money market market, multi unit auctions, discriminatory auctions, collateral, central bank, nonparametric estimation

Structural Econometric Approach to Bidding in the Main Refinancing Operations of the Eurosystem

Journal of Financial Transformation, Vol. 19, pp. 81-90, 2007
Posted: 03 Oct 2006
Claudio Morana, Christian Ewerhart and Nuno Cassola
Università di Milano Bicocca, University of Zurich - Department of Economics and University of Milan Bicocca - CefES

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repo auctions, monetary policy implementation, primary money market market, multi unit auctions, discriminatory auctions, collateral, central bank, nonparametric estimation

28.

Monotone Comparative Statics with Separable Objective Functions

Institute for Empirical Research in Economics, University of Zurich, Working Paper No. 472
Number of pages: 13 Posted: 19 Feb 2010
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 37 (434,209)

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Supermodularity, separable objective function, single crossing condition, quantity competition

29.

Relative Performance in Bilateral Trade

Zurich IEER Working Paper No. 327
Number of pages: 39 Posted: 13 Jul 2007
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 32 (455,379)

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Bilateral trade, incomplete contracting, relative performance, renegotiation, Druzhba pipeline

30.

The Lottery Contest is a Best-Response Potential Game

University of Zurich, Department of Economics, Working Paper No. 242, Revised version
Number of pages: 10 Posted: 08 Feb 2017 Last Revised: 23 Mar 2017
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 29 (469,590)

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Potential games, Tullock contest, best-response equivalence, zero-sum games

31.

A 'Fractal' Solution to the Chopstick Auction

University of Zurich, Department of Economics, Working Paper No. 229, Revised version
Number of pages: 24 Posted: 15 Jun 2016 Last Revised: 12 Apr 2017
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 29 (469,590)

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Chopstick auction, Exposure problem, Self-similarity, Blotto games

32.

Elastic Contests and the Robustness of the All-Pay Auction

University of Zurich, Department of Economics, Working Paper No. 155
Number of pages: 44 Posted: 10 May 2014 Last Revised: 05 Jun 2014
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 29 (469,590)
Citation 4

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Contests, all-pay auction, rent-seeking, mixed Nash equilibrium, rent dissipation

33.

Mixed Equilibrium in a Pure Location Game: The Case of N ≥ 4 Firms

University of Zurich, Department of Economics, Working Paper No. 168
Number of pages: 22 Posted: 25 Jul 2014
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 25 (490,509)

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Location, Hotelling game, mixed-strategy equilibrium, boundary value problem

34.

An Envelope Approach to Tournament Design

University of Zurich, Department of Economics, Working Paper No. 184
Number of pages: 33 Posted: 07 Jan 2015 Last Revised: 04 Nov 2015
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 24 (496,069)
Citation 1

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Rank-order tournaments, first-order approach, envelope theorem

35.

Mixed Equilibria in Tullock Contests

University of Zurich, Department of Economics, Working Paper No. 143
Number of pages: 20 Posted: 13 Mar 2014 Last Revised: 02 Apr 2014
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 20 (518,957)
Citation 4

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Tullock contest, mixed-strategy Nash equilibrium, analytical functions

36.

Contest Success Functions: The Common-Pool Perspective

University of Zurich, Department of Economics, Working Paper No. 195
Number of pages: 40 Posted: 11 Jun 2015
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 19 (524,858)

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Contest success functions; Axiomatic approach; Common-pool resource problems

37.

Unique Equilibrium in Rent-Seeking Contests with a Continuum of Types

University of Zurich, Department of Economics, Working Paper No. 159
Number of pages: 13 Posted: 29 May 2014
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 18 (530,667)
Citation 1

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Rent-seeking, Private information, Pure-strategy Nash equilibrium, Existence, Uniqueness

38.

Declining Valuations and Equilibrium Bidding Central Bank Refinancing Operations

Banque de France Working Paper No. NER-R 151
Number of pages: 54 Posted: 26 Oct 2010
Christian Ewerhart, Nuno Cassola and Natacha Valla
University of Zurich - Department of Economics, University of Milan Bicocca - CefES and European Union - European Investment Bank
Downloads 18 (530,667)
Citation 30

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Open market Operations, Uniform Price Auction, Discriminatory Auction, Eurosystem

39.

Ordinal Potentials in Smooth Games

University of Zurich, Department of Economics, Working Paper No. 265
Number of pages: 45 Posted: 18 Oct 2017
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 13 (560,110)

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Ordinal Potentials, Smooth Games, Strategic Complements and Substitutes, Semipositive Matrices

40.

Multi-Battle Contests, Finite Automata, and the Tug-of-War

University of Zurich, Department of Economics, Working Paper No. 318, 2019
Number of pages: 47 Posted: 20 Mar 2019
Christian Ewerhart and Julian Teichgräber
University of Zurich - Department of Economics and University of Zurich
Downloads 10 (578,845)

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Dynamic contests, finite automata, match race, tug-of-war, Markov perfect equilibrium, contest design

41.

Revenue Ranking of Optimally Biased Contests: The Case of Two Players

University of Zurich, Department of Economics, Working Paper No. 243
Number of pages: 9 Posted: 09 Mar 2017
Christian Ewerhart
University of Zurich - Department of Economics
Downloads 10 (578,845)
Citation 1

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Tullock contest, Nash equilibrium, heterogeneous valuations, discrimination

42.

Equilibrium in the Symmetric Hirshleifer Contest: Uniqueness and Characterization

University of Zurich, Department of Economics, Working Paper No. 286
Number of pages: 13 Posted: 10 May 2018
Christian Ewerhart and Guang-Zhen Sun
University of Zurich - Department of Economics and University of Macau
Downloads 8 (591,439)

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Contests, Mixed-Strategy Equilibrium, Rent Dissipation, Uniqueness

43.

Ex Post Liability for Harm Vs. Ex Ante Safety Regulation: Substitutes or Complements? Comment

American Economic Review, Vol. 88, No. 4, 1998
Posted: 23 Nov 2007
Christian Ewerhart and Patrick W. Schmitz
University of Zurich - Department of Economics and University of Cologne

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44.

Procurement Auctions and Unit-Price Contracts

RAND Journal of Economics, Vol. 34, No. 3
Posted: 29 Sep 2003
Christian Ewerhart and Karsten Fieseler
University of Zurich - Department of Economics and University of Mannheim - School of Economics (VWL)

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45.

'Yes Men', Integrity, and the Optimal Design of Incentive Contracts

Journal of Economic Behavior & Organization, Vol. 43, No. 1, September 2000
Posted: 15 May 2001
Christian Ewerhart and Patrick W. Schmitz
University of Zurich - Department of Economics and University of Cologne

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Yes men, Incentive contracts, Integrity

46.

Rationality and the Definition of Consistent Pairs

International Journal of Game Theory, Vol. 27, 1998
Posted: 12 Aug 1999
Christian Ewerhart
University of Zurich - Department of Economics

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