Axel Ockenfels

Max Planck Institute for Research on Collective Goods

Professor Dr. Economics, Director

Kurt-Schumacher-Str. 10

D-53113 Bonn, 53113

Germany

University of Cologne - Department of Economics

Albertus Magnus Platz

Cologne 50923

Germany

http://ockenfels.uni-koeln.de/

SCHOLARLY PAPERS

37

DOWNLOADS

7,174

TOTAL CITATIONS

314

Scholarly Papers (37)

1.

Who Opts In? Selection and Disappointment through Participation Payments

Review of Economics and Statistics, Forthcoming
Number of pages: 103 Posted: 17 Apr 2018 Last Revised: 29 Oct 2022
Sandro Ambuehl, Axel Ockenfels and Colin Stewart
University of Zurich - Department of Economics, Max Planck Institute for Research on Collective Goods and University of Toronto - Department of Economics
Downloads 634 (87,370)
Citation 3

Abstract:

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Rational inattention, incentives, selection, screening, evaluability, repugnant transactions

2.

An Experimental Analysis of Ending Rules in Internet Auctions

Number of pages: 41 Posted: 21 Aug 2003
Dan Ariely, Axel Ockenfels, Alvin E. Roth and Alvin E. Roth
Duke University - Fuqua School of Business, Max Planck Institute for Research on Collective Goods and National Bureau of Economic Research (NBER)Dept. of Economics, Stanford University
Downloads 560 (102,246)
Citation 49

Abstract:

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3.

Engineering Trust - Reciprocity in the Production of Reputation Information

UNSW Australian School of Business Research Paper No. 2009 ECON 02
Number of pages: 42 Posted: 09 Mar 2009
Gary E. Bolton, Ben Greiner and Axel Ockenfels
Pennsylvania State University - Department of Supply Chain & Information Systems, Vienna University of Economics and Business and Max Planck Institute for Research on Collective Goods
Downloads 453 (132,306)
Citation 89

Abstract:

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market design, reputation, trust, reciprocity, eBay

4.

The Limits of Trust in Economic Transactions - Investigations of Perfect Reputation Systems

CESifo Working Paper Series No. 2216
Number of pages: 28 Posted: 12 Feb 2008
Gary E. Bolton and Axel Ockenfels
Pennsylvania State University - Department of Supply Chain & Information Systems and Max Planck Institute for Research on Collective Goods
Downloads 429 (141,171)
Citation 1

Abstract:

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trust, reputation systems, eBay

5.

Managers and Students as Newsvendors: How Out-of-Task Experience Matters

Number of pages: 27 Posted: 11 Mar 2010
Gary E. Bolton, Axel Ockenfels and Ulrich W. Thonemann
Pennsylvania State University - Department of Supply Chain & Information Systems, Max Planck Institute for Research on Collective Goods and University of Cologne - Faculty of Management, Economics and Social Sciences
Downloads 405 (150,928)
Citation 51

Abstract:

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6.

How Social Reputation Networks Interact with Competition in Anonymous Online Trading: An Experimental Study

CESifo Working Paper Series No. 2270
Number of pages: 31 Posted: 01 Apr 2008
Gary E. Bolton, Claudia Loebbecke and Axel Ockenfels
Pennsylvania State University - Department of Supply Chain & Information Systems, University of Cologne - Department of Media and Technology Management and Max Planck Institute for Research on Collective Goods
Downloads 404 (151,346)
Citation 1

Abstract:

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reputation systems, e-commerce, internet markets, trust

7.

Integrating Machine Behavior into Human Subject Experiments: A User-Friendly Toolkit and Illustrations

MPI Collective Goods Discussion Paper, No. 2024/1
Number of pages: 46 Posted: 03 Jan 2024
Christoph Engel, Max R. P. Grossmann and Axel Ockenfels
Max Planck Institute for Research on Collective Goods, University of Cologne and Max Planck Institute for Research on Collective Goods
Downloads 398 (153,860)

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Software for experiments, large language models, human-machine interaction, framing

8.

Bonus Payments and Reference Point Violations

IZA Discussion Paper No. 4795
Number of pages: 31 Posted: 08 Mar 2010
Axel Ockenfels, Dirk Sliwka and Peter Werner
Max Planck Institute for Research on Collective Goods, University of Cologne - Faculty of Management, Economics and Social Sciences and Maastricht University - Department of Economics
Downloads 364 (170,019)
Citation 33

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reference points, incentives, bonus payments, job satisfaction, job performance

9.

The Penalty-Duel and Institutional Design: Is There a Neeskens-Effect?

CESifo Working Paper Series No. 2187, Ruhr Economic Paper No. 4
Number of pages: 23 Posted: 31 May 2007
Wolfgang Leininger and Axel Ockenfels
University of Dortmund - Department of Economics and Max Planck Institute for Research on Collective Goods
Downloads 332 (187,828)

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Professional soccer, mixed strategy equilibrium, institutional design, soccer, game theory, sports

10.

Late and Multiple Bidding in Second Price Internet Auctions: Theory and Evidence Concerning Different Rules for Ending an Auction

Number of pages: 36 Posted: 21 Aug 2003
Axel Ockenfels, Alvin E. Roth and Alvin E. Roth
Max Planck Institute for Research on Collective Goods and National Bureau of Economic Research (NBER)Dept. of Economics, Stanford University
Downloads 323 (193,406)
Citation 8

Abstract:

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11.

Diversification vs. Monopolization: A Laboratory Experiment

Number of pages: 62 Posted: 27 Dec 2022 Last Revised: 01 Oct 2024
University of Gothenburg - Department of Economics and Statistics, Max Planck Institute for Research on Collective Goods and CEPRUniversity of Oxford - Finance
Downloads 320 (195,926)

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diversification, common ownership, agency, executive compensation, experimental corporate governance

12.

Online Auctions

NBER Working Paper No. w12785
Number of pages: 71 Posted: 23 Dec 2006 Last Revised: 09 Dec 2022
Axel Ockenfels, David Reiley and Abdolkarim Sadrieh
Max Planck Institute for Research on Collective Goods, Pandora Media, Inc. and University of Magdeburg
Downloads 227 (277,042)
Citation 1

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13.

Last Minute Bidding and the Rules for Ending Second-Price Auctions: Theory and Evidence from a Natural Experiment on the Internet

NBER Working Paper No. w7729
Number of pages: 49 Posted: 12 Jun 2000 Last Revised: 15 Aug 2022
Alvin E. Roth, Alvin E. Roth and Axel Ockenfels
National Bureau of Economic Research (NBER)Dept. of Economics, Stanford University and Max Planck Institute for Research on Collective Goods
Downloads 202 (309,359)
Citation 7

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14.

The Dynamic Interplay of Inequality and Trust - An Experimental Study

CESifo Working Paper Series No. 2173
Number of pages: 31 Posted: 18 Oct 2007
Ben Greiner, Axel Ockenfels and Peter Werner
Vienna University of Economics and Business, Max Planck Institute for Research on Collective Goods and Maastricht University - Department of Economics
Downloads 185 (335,351)
Citation 1

Abstract:

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inequality, trust, growth, laboratory experiments

15.

Evolutionary Norm Enforcement

Number of pages: 18 Posted: 28 Mar 2001
Werner Güth and Axel Ockenfels
Max Planck Institute for Research on Collective Goods and Max Planck Institute for Research on Collective Goods
Downloads 176 (350,689)
Citation 1

Abstract:

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16.

Fair Procedures: Evidence from Games Involving Lotteries

Number of pages: 30 Posted: 20 Jan 2001
Gary E. Bolton, Jordi Brandts and Axel Ockenfels
Pennsylvania State University - Department of Supply Chain & Information Systems, Instituto de Analisis Economico (CSIC) Barcelona and Max Planck Institute for Research on Collective Goods
Downloads 153 (395,541)
Citation 29

Abstract:

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17.

Does Laboratory Trading Mirror Behavior in Real World Markets? Fair Bargaining and Competitive Bidding on Ebay

CESifo Working Paper Series No. 2241
Number of pages: 45 Posted: 05 Mar 2008
Gary E. Bolton and Axel Ockenfels
Pennsylvania State University - Department of Supply Chain & Information Systems and Max Planck Institute for Research on Collective Goods
Downloads 149 (404,157)
Citation 3

Abstract:

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eBay, auctions, behavioral economics, trust, market design

18.

Who Opts In?

CESifo Working Paper Series No. 7091
Number of pages: 93 Posted: 27 Oct 2020
Sandro Ambuehl, Axel Ockenfels and Colin Stewart
University of Toronto - Rotman School of Management, Max Planck Institute for Research on Collective Goods and University of Toronto - Department of Economics
Downloads 140 (424,701)

Abstract:

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rational inattention, incentives, selection effects, cognitive ability, experiment, repugnant transactions

19.

Robust Mechanism Design and Social Preferences

CESifo Working Paper Series No. 4713
Number of pages: 30 Posted: 16 Apr 2014
University of Cologne, Max Planck Institute for Research on Collective Goods, University of Cologne and University of Cologne
Downloads 140 (424,701)
Citation 3

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robust mechanism design, social preferences, bilateral trade

Cooperation Among Strangers with Limited Information About Reputation

Number of pages: 23 Posted: 13 Mar 2005
Gary E. Bolton, Elena Katok and Axel Ockenfels
Pennsylvania State University - Department of Supply Chain & Information Systems, University of Texas at Dallas and Max Planck Institute for Research on Collective Goods
Downloads 137 (433,101)
Citation 13

Abstract:

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Cooperation Among Strangers with Limited Information About Reputation

Journal of Public Economics, Vol. 89, No. 8, 2005
Posted: 22 Jul 2007
Gary E. Bolton, Elena Katok and Axel Ockenfels
Pennsylvania State University - Department of Supply Chain & Information Systems, University of Texas at Dallas and Max Planck Institute for Research on Collective Goods

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Experimental economics, Reputation, Cooperation

21.

Maverick – Making Sense of a Conjecture of Antitrust Policy in the Lab

MPI Collective Goods Preprint, No. 2013/14
Number of pages: 29 Posted: 17 Aug 2013 Last Revised: 10 Jan 2014
Christoph Engel and Axel Ockenfels
Max Planck Institute for Research on Collective Goods and Max Planck Institute for Research on Collective Goods
Downloads 123 (470,204)
Citation 2

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Oligopoly, aggressive sales, maverick, social value orientation, rivalry

22.

The Ethics of Incentivizing the Uninformed. A Vignette Study

Rotman School of Management Working Paper No. 2888554
Number of pages: 5 Posted: 22 Dec 2016 Last Revised: 16 Apr 2017
Sandro Ambuehl and Axel Ockenfels
University of Zurich - Department of Economics and Max Planck Institute for Research on Collective Goods
Downloads 116 (491,697)
Citation 8

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23.
Downloads 115 (494,863)

Projective Paternalism

CESifo Working Paper No. 7762
Number of pages: 110 Posted: 07 Aug 2019
Sandro Ambuehl, B. Douglas Bernheim and Axel Ockenfels
University of Toronto - Rotman School of Management, Stanford University - Department of Economics and Max Planck Institute for Research on Collective Goods
Downloads 97 (564,027)

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paternalism, libertarianism, welfare economics, experiment, false consensus bias

Projective Paternalism

NBER Working Paper No. w26119
Number of pages: 51 Posted: 02 Aug 2019 Last Revised: 15 May 2022
Sandro Ambuehl, B. Douglas Bernheim and Axel Ockenfels
University of Toronto - Rotman School of Management, Stanford University - Department of Economics and Max Planck Institute for Research on Collective Goods
Downloads 18 (1,128,592)

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24.

Impartial Policymakers Prefer to Impose Carbon Offset Measures Over Other Climate Policies

Number of pages: 43 Posted: 10 Nov 2022
Felix Kölle, Dorothea Kübler and Axel Ockenfels
University of Cologne - Department of Economics, Social Science Research Center (WZB) and Max Planck Institute for Research on Collective Goods
Downloads 110 (511,392)

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CO2 emissions, carbon taxes and offsets, decision-making experiment, choice architecture

25.

Timing of Kindness - Evidence from a Field Experiment

CESifo Working Paper Series No. 4885
Number of pages: 21 Posted: 23 Jul 2014
Axel Ockenfels, Dirk Sliwka and Peter Werner
Max Planck Institute for Research on Collective Goods, University of Cologne - Faculty of Management, Economics and Social Sciences and Maastricht University - Department of Economics
Downloads 102 (539,942)
Citation 3

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gift exchange, positive reciprocity, field experiment, honesty

26.

Conflict Resolution vs. Conflict Escalation in Online Markets

UNSW Business School Research Paper No. 2015-19
Number of pages: 41 Posted: 02 Sep 2015
Gary Bolton, Ben Greiner and Axel Ockenfels
University of Texas at Dallas - Naveen Jindal School of Management, Vienna University of Economics and Business and Max Planck Institute for Research on Collective Goods
Downloads 83 (614,436)

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conflict resolution system, market design, reputation, trust, reciprocity

27.

Politicians' Social Welfare Criteria: An Experiment with German Legislators

CESifo Working Paper No. 10329
Number of pages: 35 Posted: 29 Mar 2023
University of Zurich - Department of Economics, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, University of Mannheim, Ruhr-University Bochum and Max Planck Institute for Research on Collective Goods
Downloads 82 (618,692)

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positive welfare economics, politicians, preference aggregation, paternalism

28.

Multi-Rater Performance Evaluations and Incentives

IZA Discussion Paper No. 16812
Number of pages: 26 Posted: 23 Feb 2024
Axel Ockenfels, Dirk Sliwka and Peter Werner
Max Planck Institute for Research on Collective Goods, University of Cologne - Faculty of Management, Economics and Social Sciences and Maastricht University - Department of Economics
Downloads 80 (627,446)
Citation 2

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performance appraisal, calibration panels, group decision-making, real effort, incentives

29.

Altruistic punishment as norm-signaling: A model and experimental evidence

Number of pages: 48 Posted: 28 Feb 2024
Kiryl Khalmetski and Axel Ockenfels
University of Cologne and Max Planck Institute for Research on Collective Goods
Downloads 71 (669,150)

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altruistic punishment, social norms, signaling model

30.

Market Design, Human Behavior, and Management

NBER Working Paper No. w26873
Number of pages: 58 Posted: 23 Mar 2020 Last Revised: 05 Jun 2023
Yan Chen, Peter Cramton, John A. List and Axel Ockenfels
University of Michigan at Ann Arbor - School of Information, University of Cologne, University of Chicago - Department of Economics and Max Planck Institute for Research on Collective Goods
Downloads 47 (812,736)
Citation 6

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Resilient Electricity Requires Consumer Engagement

Number of pages: 26 Posted: 16 Jul 2024
University of Cologne, affiliation not provided to SSRN, University of Cologne, affiliation not provided to SSRN, University of Cologne, Max Planck Institute for Research on Collective Goods and affiliation not provided to SSRN
Downloads 34 (945,368)

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Price-responsive demand, Consumer engagement, Resiliency, Low-carbon technologies, Retail competition, Electricity market design

Resilient Electricity Requires Consumer Engagement

Number of pages: 29 Posted: 15 Jan 2025
University of Cologne, affiliation not provided to SSRN, University of Cologne, affiliation not provided to SSRN, University of Cologne, Max Planck Institute for Research on Collective Goods and affiliation not provided to SSRN
Downloads 8 (1,275,735)

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electricity market design, price responsive demand, consumer engagement, resiliency, energy security

32.

Politicians’ Social Welfare Criteria – an Experiment with German Legislators

ZEW - Centre for European Economic Research Discussion Paper No. 23-013
Number of pages: 34 Posted: 20 Apr 2023
University of Zurich - Department of Economics, CESifo (Center for Economic Studies and Ifo Institute) - Ifo Institute, University of Mannheim, Ruhr-University Bochum and Max Planck Institute for Research on Collective Goods
Downloads 17 (1,105,739)

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Positive welfare economics, politicians, preference aggregation, paternalism

33.

More Frequent Commitments Promote Cooperation, Ratcheting Does Not

ZEW - Centre for European Economic Research Discussion Paper No. 24-065
Number of pages: 29 Posted: 06 Nov 2024
Carlo Gallier, Axel Ockenfels and Bodo Sturm
ZEW – Leibniz Centre for European Economic Research, Max Planck Institute for Research on Collective Goods and University Leipzig
Downloads 16 (1,118,191)

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Climate change, climate negotiations, cooperation, laboratory experiments, simulations

34.

An Open Access Market for Global Communications

Number of pages: 39 Posted: 28 Mar 2024
University of Cologne, University of Western Ontario - Richard Ivey School of Business, University of Cologne, affiliation not provided to SSRN, Northwestern University - Department of Electrical Engineering and Computer Science, University of Maryland, University of Cologne, Max Planck Institute for Research on Collective Goods and affiliation not provided to SSRN
Downloads 15 (1,130,569)

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Open access, market design, satellite communications, flow trading, efficient trade, wholesale market

35.

Moral overconfidence

Number of pages: 8 Posted: 27 Jan 2025
University of Münster, Ruhr-University Bochum, Max Planck Institute for Research on Collective Goods and Max Planck Institute for Research on Collective Goods
Downloads 14 (1,143,269)

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JEL-Classification: H41, D01, D02 Moral Behavior, Overconfidence, Energy Crisis

36.

Groups Are More Libertarian than Individuals

CESifo Working Paper Series No. 11575
Number of pages: 86 Posted: 27 Dec 2024
University of Mannheim, Ruhr-University Bochum, University of Cologne - Department of Economics and Max Planck Institute for Research on Collective Goods
Downloads 10 (1,193,584)

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teams, decision making, autonomy, interventions, experiment

37.

How Effective are Online Reputation Mechanisms? An Experimental Study

Management Science, Vol. 50, No. 11, pp. 1587-1602, November 2004
Posted: 28 Mar 2005
Gary E. Bolton, Elena Katok and Axel Ockenfels
Pennsylvania State University - Department of Supply Chain & Information Systems, University of Texas at Dallas and Max Planck Institute for Research on Collective Goods

Abstract:

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trust; reputation, reciprocity, electronic markets