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Professor Benny Moldovanu

Prof. Moldovanu

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Address
Microeconomics,
University of Bonn, Lennéstr. 37, 53113 Bonn

Tel:  + 49-228-73 63 95
Tel:  + 49-228-73 9242 (Secretary)
Fax: + 49-228-73 7940

E-Mail: mold(at)uni-bonn(dot)de

 

Curriculum Vitae


Education
1995 Habilitation, University of Bonn
1991

Ph.D. Economics (summa cum laude), University of Bonn.
Advisor: Prof. Reinhard Selten
1989

M.Sc. Mathematics (with distinction), Hebrew University Jerusalem.
Advisor: Prof. Bezalel Peleg
1986 B.Sc. Mathematics (with distinction), Hebrew University Jerusalem

Employment
 

Fall 2009          Visiting Professor of Economics, Northwestern University

Spring 2005 Visiting Professor of Economics, University College London
Fall 2004 Visiting Professor of Economics, Yale University
2002-present
Full Professor of Economics, University of Bonn
Spring 1999 ENTER Research Professor, University College London
Fall 1998 Visiting Research Professor, Northwestern University
1995-2002

Full Professor of Economics, University of Mannheim

1991-1995
Assistant Professor of Economics, University of Bonn
1992-1993
Visiting Assistant Professor, University of Michigan, Ann-Arbor
Spring 1992 Visiting Lecturer, University of Tel-Aviv
Summer 1991

Landau Fellow, Hebrew University of Jerusalem


Honors and Grants

 

Advanced Investigators Grant, European Research Council, 2010 - 2015

Keynote Lecture, EARIE Annual Conference, Stockholm 2011

Invited Lecture, European Congress of the Econometric Society in Milano, 2008

Invited Lecture, World Congress of the Econometric Society in London, 2005

Fellow of the Econometric Society, elected 2004

Fellow of the European Economic Association, 2009

Gossen Prize of the German Economic Association, 2004

Invited Lecture, Second World Congress of the Game Theory Society, Marseille 2004

Member of the Nordrhein - Westfalian Academy of Science

Invited Lecture, Econometric Society European Meeting, Venice 2002

Invited Lecture, Econometric Society US Meeting, Evanston 2003

Max Planck Research Prize, 2001

Landau Fellow, Jerusalem 1991

W.A. Jörn Prize for Best Dissertation, Bonn 1991

Research Grant, SFB Transregio, German Science Foundation, 2004-present

Research Grant, SFB 504, German Science Foundation, 1996-2002

Research Grant, SFB 303, German Science Foundation, 1989-1995

 

Professional Activities

Academic Director/ Speaker of the Bonn Graduate School of Economics, 2014-

Council Member, European Economic Association, 2010 -

Council Member, Game Theory Society, 2008 -

Co-Director of the Hausdorff Center for Mathematics (German Science Foundation Excellence-Initiative), 2006-2013

Co-Director of the Bonn Graduate School of Economics (German Science Foundation Excellence-Initiative), 2006-2013


Member of the Fellows Nominating Commitee, Econometric Society, 2006

Associate Editor, Econometrica, 2002-2008

Associate Editor, Games and Economic Behavior, 2002-2006

Associate Editor, Journal of Economic Theory, 2001-2007

Associate Editor, Journal of the European Economic Association, 2003-2005

Panel Member, Economic Policy, 2000-2002

Coordinator of the European Symposium on Economic Theory, 2001-2006

Research Fellow, CEPR, 1999-

Organizer, Conference on Multidimensional Mechanism Design, Bonn 1994

Organizer, Conference on Auctions and Market Structure, Mannheim 2000

Organizer, Conference on Matching and Two Sided Markets, Bonn 2006

Organizer, Summer Program on Mechanism Design, Hausdorff Center for Mathematics, Bonn 2009

Chairman of scientific commitee, Econometric Society meeting, Madrid 2004

Member of scientific committee, Econometric Society meeting, Maastricht 1994, Stockholm 2003, World Congress 2010

Member of scientific committee, European Economic Association meeting, Toulouse 1997

Chairman of scientific committee, German Economic Association meeting, Magdeburg 2001

Member of scientific committee, German Economic Association meeting, Lugano 1991, Mainz 1999, Berlin 2000

Member of Economic Theory Panel, German Economic Association, 1998-

Consulting


Auction design for large governmental projects (telecommunications, natural resources); Auction design for the electricity sector; Development of internet-based auction procedures for B2B e-commerce firms; Analysis of procurement mechanisms for large industrial firms; Freelance Consultant for CRA International, Boston USA.

Selected clients: General Electric, RWE, DaimlerChrysler, Trans-Elect, Fonterra, Dutch Government


Books


Dynamic Allocation and Pricing: A Mechanism Design Approach,

(joint with Alex Gershkov), forthcoming MIT Press 2014


"Understanding Strategic Interaction- Essays in Honor of Reinhard Selten", W. Albers, W. Güth, P. Hammerstein, B. Moldovanu and E. van Damme (editors), Springer, Berlin 1996


Publications

"On the equivalence of Bayesian and dominant strategy implementation", (joint with Alex Gershkov, Jacob K. Goeree, Alexey Kushnir and Xianwen Shi), Econometrica, Volume 81, Issue 1, January 2013, pages 197–220.

"Specialization and Partisanship in Committee Search" (joint with Xianwen Shi), Theoretical Economics , Volume 8, Issue 3, September 2013, Pages 751-774.

"Locally robust implementation and its limits", (joint with Philippe Jehiel and Moritz Meyer-ter-Vehn), Journal of Economic Theory, Volume 147, Issue 6, November 2012, Pages 2439–2452.

"Optimal Search, Learning and Implementation", (joint with Alex Gershkov),
Journal of Economic Theory, Volume 147, Issue 3, May 2012, Pages 881–909.

"Dynamic Allocation and Pricing: A Mechanism Design Approach", (joint with Alex Gershkov), International Journal of Industrial Organisation, Volume 30, Issue 3, May 2012, Pages 283–286.

"Non-Bayesian Optimal Search and Dynamic Implementation" (joint with Alex Gershkov), Economic Letters, Volume 118, Issue 1, January 2013, Pages 121–125.

"Optimal Seedings in Elimination Tournaments", (joint with Christian Groh, Aner Sela and Uwe Sunde), Economic Theory, Vol. 49 (2012), 59-80.

"Coarse Matching with Incomplete Information", (joint with Heidrun Hoppe and Emre Ozdenoren), Economic Theory, Vol. 47 (2011), 73-104.

"Carrots and Sticks: Prizes and Punishments in Contests", (joint with Aner Sela and Xianwen Shi), Economic Inquiry, Volume 50, Issue 2, pages 453–462, April 2012.

 "Revenue Maximization in the Dynamic Knapsack Problem" (joint with Deniz Dizdar and Alex Gershkov), Theoretical Economics, 2011, vol.6, issue 2, pages 157-184.

"Efficient Sequential Assignment with Incomplete Information",(joint with Alex Gershkov), Games and Economic Behaviour, 2010, vol. 68, issue 1, pages 144-154.

"Learning About The Future and Dynamic Efficiency" (joint with Alex Gershkov),  American Economic Review, 2009, vol. 99, Number 4, pages 1576-1588.

"The Theory of Assortative Matching Based on Costly Signals", (joint with Heidrun Hoppe and Aner Sela), Review of Economic Studies, 2009, vol. 76, issue 1, pages 253-281.

"Dynamic Revenue Maximization with Heterogeneous Objects: A Mechanism DesignApproach", (joint with Alex Gershkov), American Economic Journal: Microeconomics, 2009, issue 2, pages 98-168.
Winner of the first AEA Best Paper Prize for AEJ: Microeconomics.

 

"Competing Auctions with Endogenous Quantities", (joint with Aner Sela and Xianwen Shi), Journal of Economic Theory, Vol. 141 (2008), 1-27.

"Ex-post Implementation and Preference Aggregation via Potentials", (joint with Philippe Jehiel and Moritz Meyer-ter-Vehn), Economic Theory, Vol. 37 (2008),  No. 3, 469 - 490.

"Contests for Status", (joint with Aner Sela and Xianwen Shi),
Journal of Political Economy
, Vol. 115 (2007), 338-363.

"Mixed Bundling Auctions", (joint with Moritz Meyer-ter-Vehn and Philippe Jehiel), Journal of Economic Theory, Vol. 134 (2007),
494-512 .

"Posterior Implementation vs Ex-Post Implementation", (joint with Philippe Jehiel, Moritz Meyer-ter-Vehn and William R. Zame), Economics Letters Vol. 97 (2007), 70-73

"The Limits of Ex-Post Implementation", (joint with Philippe Jehiel, Moritz Meyer-ter-Vehn and William R. Zame), Econometrica, Vol. 74, No. 3, May 2006, 585-610.

"Allocative and Informational Externalities in Auctions and Related Mechanisms", (joint with Philippe Jehiel), in The Proceedings of the 9th World Congress of the Econometric Society, edited by Richard Blundell, Whitney Newey, and Torsten Persson, Cambridge University Press, 2006.

"Contest Architecture", (with Aner Sela), Journal of Economic Theory, Vol. 126, No. 1, January 2006, 70-97.

"License Auctions and Market Structure", (with Heidrun Hoppe and Philippe Jehiel), Journal of Economics and Managment Strategy, Vol. 15, No 2, Summer 2006, 371-396.

"Priority Auctions and Queue Disciplines that Depend on Processing Time", (joint with Thomas Kittsteiner), Management Science , Vol. 51, No. 2, 2005, 236-248.

"The Design of an Efficient Private Industry", (joint with Philippe Jehiel), Journal of the European Economic Association , Vol. 2, 2-3, April- May 2004, 516-525.

"An Experimental analysis of auctions with interdependent valuations", (with Oliver Kirchkamp), Games and Economic Behavior, Vol. 48 (1), July 2004, 54-85.

"Allocation Mechanisms and Post-Allocation Interaction" (with M. Janssen), Auctioning Public Assets Analysis and Alternatives, M. Janssen ed., Cambridge University Press, 2004.

"An Analysis of the European 3G Licensing Process" (with E. Maasland), Auctioning Public Assets Analysis and Alternatives, M. Janssen ed., Cambridge University Press, 2004.

Matching Markets, Auctioning Public Assets Analysis and Alternatives, M. Janssen ed., Cambridge University Press, 2004.

"Partnerships, Lemons and Efficient Trade", (with Karsten Fieseler and Thomas Kittsteiner), Journal of Economic Theory 113 (2003), 223-234.

"An Economic Perspective on Auctions", (with Philippe Jehiel), Economic Policy, Vol. 36, April 2003, 271-308.

"Patent Licensing to Bertrand Competitors", (with Aner Sela), International Journal of Industrial Organization, Vol. 21, 2003, 1-13.

"The German UMTS Design: Insights From Multi-Object Auction Theory", (with Christian Ewerhart), ifo studies, 1/2001, 157-173, reprinted in Spectrum Auction and Competition in Telecommunications, Illing, G.(ed.), MIT Press 2003.

"Bid Costs and Endogenous Bid Caps", (with Arieh Gavious and Aner Sela), RAND Journal of Economics, Vol. 33(4), Winter 2002, 709-722.

"How to Dissolve a Partnership"Journal of Institutional and Theoretical Economics, 158, 2002, 66-80.

"A Practical Approach to Multi-Attribute Auctions" (with B. Burmeister, T. Ihde, T.Kittsteiner and J. Nikutta), DEXA Workshops 2002, 670- 674.

"Efficient Design with Interdependent Valuations", (with Philippe Jehiel), Econometrica 69(5), 2001, 1237-1259.

"The Optimal Allocation of Prizes in Contests", (with Aner Sela), American Economic Review, Vol 91(3), June 2001, 542-558. Reprinted in: 40 Years of Research on Rent Seeking 1. Theory of Rent Seeking, Roger Congleton, Airye L. Hillman, Kai A. Konrad, Springer 2008.

"A note of revenue maximization and efficiency in multi-object auctions" (with Philippe Jehiel), Economics Bulletin, Vol. 3, 2001, No.2, 1-5.

"Auctions with Downstream Interaction among Buyers" , (with Philippe Jehiel), RAND Journal of Economics, 31 (4), 2000, 768-791. 


"Multidimensional Mechanism Design for Auctions with Externalities" (with Philippe Jehiel and Ennio Stacchetti),  Journal of Economic Theory 85(2), 1999, 258-294.

"Resale Markets and the Assignment of Property Rights" (with Philippe Jehiel), Review of Economic Studies 66(4) 1999, 971-991.

"Goethe\'s Second-Price Auction" , (with Manfred Tietzel), Journal of Political Economy, 106(4), 1998, 854-859.

"How (not) to Sell Nuclear Weapons" (with Philippe Jehiel and Ennio Stacchetti), American Economic Review 86(4), 1996, 814-829.

Are Stable Demand Vectors in the Core of Two-Sided Markets? Some Graph-Theoretical Considerations, in Essays in Honor of Reinhard Selten, Springer Verlag, 1996.

"Strategic Non-Participation" (with Philippe Jehiel), RAND Journal of Economics 27(1), 1996, 84-98, reprinted in The Economic Theory of Auctions, Paul Klemperer(ed), Edward Elgar 1999.

"The Production and Cost-Sharing of an Excludable Public Good", EconomicTheory 7, 1996, 531-539.

"William Vickrey und die Auktionstheorie", Wirtschaftsdienst, December 1996.

"Negative Externalities May Cause Delay in Negotiation" (with Philippe Jehiel), Econometrica 63(6), 1995, 1321-1337. 

"Cyclical Delay in Infinite Horizon Bargaining with Externalities" (with Philippe Jehiel), Review of Economic Studies 62(4), 1995, 619-639.

"Order Independent Equilibria" (with Eyal Winter), Games and Economic Behavior 9, 1995, 21-35.

Consistent Demands for Coalition Formation (with Eyal Winter), in Essays in Game Theory in Honor of Michael Maschler, Nimrod Megiddo ed., Spinger Verlag, Heidelberg, 1994. 

"Core Implementation and Increasing Returns to Scale" (with Eyal Winter), Journal of Mathematical Economics 23, 1994, 533-549.

"Price Indeterminacy and Bargaining in a Market with Indivisibilities", Journal of Mathematical Economics 22, 1993, 581-597. 

"Coalition-Proof Nash Equilibria and the Core in Three-Player Games", Games and Economic Behavior 4, 1992, 565-581.

"Stable Bargained Equilibria for Assignment Games without Side Payments", International Journal of Game Theory 19, 1990, 171-191.

"A Note on a Theorem of Aumann and Dreze", International Journal of Game Theory 18, 1989, 471-477.


Discussion Papers

 

NEW VERSION: "Optimal Voting Rules" (joint with Alex Gershkov and Xianwen Shi), University of Bonn, 2013.

NEW VERSION: "Dynamic Allocation and Learning with Strategic Arrivals" (joint with Alex Gershkov and Philipp Strack), discussion paper, University of Bonn, 2014.

NEW VERSION: "On the importance of uniform sharing rules for efficient matching" (joint with Deniz Dizdar), University of Bonn, 2013.

"Bayesian and Dominant Strategy Implementation Revisited"

(joint with Alex Gershkov and Xianwen Shi), University of Bonn, 2011.  (The content of this paper is now included in "On the Equivalence of Bayesian and Dominant Strategy Implementation").    

"Auction-Based Queue Disciplines", (joint with Thomas Kittsteiner), discussion paper, University of Bonn, 2003.

"A Stylized Model of the German UMTS Auction", (with Christian Ewerhart), discussion paper, University of Bonn, 2003, in revision for European Economic Review.

"The European UMTS/IMT-2000 License Auctions", (with Philippe Jehiel),discussion paper, University of Mannheim, 2001.

The contents of the paper appear in "An Economic Perspective on Auctions", (with Philippe Jehiel), Economic Policy,Vol. 36, April 2003, pp. 271-308.


Articles in the Popular Press


"Regeln für eine Welt unvollkommener Märkte", Neue Zürcher Zeitung, 17.10.2007.

"Für ein Plätzchen am Himmel der Funker", Frankfurter Allgemeine Zeitung, 29.07.2000.

"Der Spieltheoretiker", Die Zeit, 27.07.2000.

"Kleine Verfahrensfehler mit großen Folgen", Financial Times Deutschland, 06.04.2000.

"Auktionen", Wirtschaftswoche, 04.11.1999.

"William Vickery und die Auktionstheorie", Wirtschaftsdienst, 12.1996.

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