Christian Ewerhart

University of Zurich, Department of Economics

Schoenberggasse 1

Zurich, CH-8001

Switzerland

  • University of Zurich, Department of Economics

SCHOLARLY PAPERS

52

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134

Scholarly Papers (52)

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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 996 (26,084)
Citation 1

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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 318 (111,538)
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?

Number of pages: 41 Posted: 11 Jul 2001
Christian Ewerhart
University of Zurich, Department of Economics
Downloads 262 (136,870)

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4.

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

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 200 (177,415)
Citation 2

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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 159 (216,864)

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

6.

Liquidity, Information, and the Overnight Rate

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 146 (232,676)

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Liquidity effect, asymmetric information, monetary policy implementation

7.

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 143 (236,616)
Citation 18

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Global Games, Signaling, Intuitive Criterion

8.

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 138 (243,547)
Citation 1

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

9.

Sporadic Manipulation in Money Markets with Central Bank Standing Facilities

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 120 (270,907)

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Money market, corridor system, manipulation

10.

Imposing Choice under Ambiguity: The Case of Dynamic Currency Conversion

University of Zurich, Department of Economics, Working Paper No. 345, Revised version
Number of pages: 38 Posted: 02 Jun 2020 Last Revised: 07 Jul 2020
Christian Ewerhart and Sheng Li
University of Zurich, Department of Economics and University of Zurich - Department of Economics
Downloads 119 (272,565)

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Dynamic currency conversion, payment cards, ambiguity aversion, price competition, monopoly, free-rider problem

11.

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

Number of pages: 53 Posted: 27 Feb 2003
Christian Ewerhart
University of Zurich, Department of Economics
Downloads 115 (279,291)

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

12.

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 91 (326,742)
Citation 13

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

13.

Voluntary Disclosure in Asymmetric Contests

University of Zurich, Department of Economics, Working Paper No. 279, Revised version
Number of pages: 93 Posted: 23 Feb 2018 Last Revised: 16 Jan 2021
Christian Ewerhart and Julia Lareida
University of Zurich, Department of Economics and University of Zurich - Department of Economics
Downloads 77 (361,251)
Citation 1

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Asymmetric contests, incomplete information, disclosure, strategic complements and substitutes, dominance and defiance, Bayesian persuasion, Jensen's inequality

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 73 (372,234)
Citation 1

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

15.

Optimal Allotment Policy in the Eurosystem's Main Refinancing Operations

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 73 (372,234)

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Euro, monetary policy instruments, operational framework, refinancing operations

16.

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 72 (375,104)
Citation 11

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Liquidity, financial markets, lender of last resort

17.

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 68 (386,967)
Citation 1

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

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 67 (390,054)
Citation 4

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

19.

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 66 (393,139)
Citation 3

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

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 61 (409,136)
Citation 1

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

21.

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 61 (409,136)

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

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 59 (415,968)

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

23.

'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 54 (433,596)
Citation 5

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24.

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 54 (433,596)
Citation 2

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

25.

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 51 (444,536)
Citation 3

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

26.

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 51 (444,536)

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

27.

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 50 (448,350)

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Fixed rate tenders, rationing, equilibrium, inefficiency

28.

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

Downloads 46 (464,369)

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 46 (473,024)

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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

29.

Finite Blockchain Games

University of Zurich, Department of Economics, Working Paper No. 355, 2020, Revised version
Number of pages: 13 Posted: 25 Aug 2020 Last Revised: 10 Sep 2020
Christian Ewerhart
University of Zurich, Department of Economics
Downloads 43 (477,041)

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Blockchain, Proof-of-Work, Nash Equilibrium, Subgame Perfection, Selfish Mining

30.

Social Preference and Group Identity in the Financial Cooperative

University of Zurich, Department of Economics, Working Paper No. 332, August 2019
Number of pages: 42 Posted: 21 Sep 2019
Christian Ewerhart and Robertas Zubrickas
University of Zurich, Department of Economics and University of Bath
Downloads 42 (481,443)

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social preferences, group identity, liquidity insurance, cooperative banking, credit union, common bond, bank competition, resilience

31.

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 39 (494,868)

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

32.

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 36 (508,881)

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

33.

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 35 (513,723)
Citation 1

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

34.

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 33 (523,866)
Citation 1

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

35.

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 33 (523,866)

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

36.

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 32 (529,044)

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

37.

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 32 (529,044)
Citation 4

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

38.

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 27 (556,700)
Citation 1

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

39.

Ordinal Potentials in Smooth Games

University of Zurich, Department of Economics, Working Paper No. 265, Revised version
Number of pages: 39 Posted: 18 Oct 2017 Last Revised: 16 Oct 2019
Christian Ewerhart
University of Zurich, Department of Economics
Downloads 24 (575,604)
Citation 1

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

40.

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 24 (575,604)
Citation 8

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Tullock contest, mixed-strategy Nash equilibrium, analytical functions

41.

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 22 (588,521)
Citation 1

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

42.

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 22 (588,521)
Citation 31

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

43.

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 19 (608,559)
Citation 1

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

44.

Ethereum Gas Price Statistics

University of Zurich, Department of Economics, Working Paper No. 373, 2020
Number of pages: 26 Posted: 15 Jan 2021
David Carl and Christian Ewerhart
ETH Zurich and University of Zurich, Department of Economics
Downloads 17 (622,001)

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Ethereum, gas price, confirmation time, forecasting

45.

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 13 (650,397)
Citation 2

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Tullock contest, Nash equilibrium, heterogeneous valuations, discrimination

46.

A Class of N-Player Colonel Blotto Games with Multidimensional Private Information

University of Zurich, Department of Economics, Working Paper No. 336, Revised version
Number of pages: 25 Posted: 30 Nov 2019 Last Revised: 03 Feb 2021
Christian Ewerhart and Dan Kovenock
University of Zurich, Department of Economics and Chapman University - Economic Science Institute
Downloads 12 (657,691)

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Colonel Blotto games, private information, Bayes-Nash equilibrium, generalized Dirichlet distributions, networks

47.

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 12 (657,691)
Citation 1

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Contests, Mixed-Strategy Equilibrium, Rent Dissipation, Uniqueness

48.

The n-Player Hirshleifer Contest

University of Zurich, Department of Economics, Working Paper No. 361, August 2020
Number of pages: 42 Posted: 20 Oct 2020
Christian Ewerhart and Guang-Zhen Sun
University of Zurich, Department of Economics and University of Macau
Downloads 3 (724,216)

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Hirshleifer contest, Nash equilibrium, rent dissipation, difference-form contest, all-pay auction

49.

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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50.

Procurement Auctions and Unit-Price Contracts

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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51.

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

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

52.

Rationality and the Definition of Consistent Pairs

Posted: 12 Aug 1999
Christian Ewerhart
University of Zurich, Department of Economics

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