Behavioral Models of Market Competition 2009


“Behavioral Models of Market Competition”

June 18 – June 21, 2009


Dates: starts 7:30 pm, June 18, 2009 (dinner) and ends on June 21 after breakfast 

Location: Hardtwald-Hotel, Philosophenweg 31, Bad Homburg in the vicinity of Frankfurt (phone: +49 (0) 6172 9880; for more information see http://www.hardtwald-hotel.de/)

(The hotel is conveniently located close to (but not too close to) Frankfurt Airport; it takes approximately 25 minutes by taxi or 60 minutes by using public transport to Bad Homburg Bf. and then taking a taxi).

Organizers: Paul Heidhues (U. Bonn) and Martin Peitz (U. Mannheim); contact: martin.peitz@googlemail.com

Local organization: Martin Peitz [martin.peitz AT googlemail.com; information will be posted at http://peitz.vwl.uni-mannheim.de]

Costs: We will cover accommodation (3 nights), meals, and economy airfare for all speakers and discussants.

List of participants:

  • Tom Chang, MIT
  • Pascal Courty, EUI Florence
  • Arthur Fishman, Bar Ilan U.
  • Paul Heidhues, U. Bonn
  • Fabian Herweg, U. Bonn
  • Roman Inderst, U. Frankfurt
  • Emir Kamenica, U. Chicago
  • Heiko Karle, U. Mannheim
  • Daniel Krähmer, U. Bonn
  • Sebastian Kranz, U. Bonn
  • Kristof Madarasz, LSE
  • Eugenio Miravete, U. Texas
  • David Myatt, U. Oxford
  • Volker Nocke, U. Oxford
  • Martin Peitz, U. Mannheim
  • Yossi Spiegel, Tel Aviv U.
  • Rani Spiegler, UCL London
  • Adam Szeidl, UC Berkeley



Thursday, June 18

Arrival in the afternoon or evening

Dinner starting 19.30


Friday, June 19

Until 9.15 breakfast

Chair morning session: Paul Heidhues (U. Bonn)

09.25-09.30 Welcome and organizational information

09.30-10.45 Adam Szeidl (U. Berkeley): “Fishing for Fools”

Discussant: David Myatt (Oxford U.)

10.45-11.15 Coffee break

11.15-12.30 Martin Peitz: “Pricing and Information Disclosure in Markets with Loss-Averse Consumers”

Discussant: Emir Kamenica (U. Chicago)

from 12.45 Lunch

Chair afternoon session: Daniel Krähmer (U. Bonn)

16.30-17.00 Coffee

17.00-18.15 Pascal Courty (EUI Florence): “Price Variation Antagonism and Firm Pricing Policies”

Discussant: Heiko Karle (U. Mannheim)

18.15-19.30 Paul Heidhues (U. Bonn): “Exploiting Naivete about Self-Control in the Credit Market”

Discussant: Arthur Fishman (Barl-Ilan U.)

Dinner starting 20.00


Saturday, June 20

Until 9.15 Breakfast

Chair morning session: Daniel Krähmer (U. Bonn)

09.30-10.45 Roman Inderst (U. Frankfurt and Imperial College London): “Sales Talk, Cancellation Terms, and the Role of Consumer Protection”

Discussant: Yossi Spiegel (Tel Aviv U.)

10.45-11.15 Coffee Break

11.15-12.30 Rani Spiegler (UCL): “Framing Competition”

Discussant: Volker Nocke (U. Oxford)

from 12.45 Lunch

16.30-17.00 Coffee

Chair afternoon session: Martin Peitz (U. Mannheim)

17.00-18.15 Eugenio Miravete (U. Texas): “Rational Attention in a Repeated Decision Problem”

Discussant: Tom Chang (MIT)

18.15-19.30 Fabian Herweg (U. Bonn): "The Optimality of Simple Contracts - Moral Hazard and Loss Aversion"

Discussant: Kristof Madarasz (LSE)

Dinner starting 20.00

Sunday, June 21

Breakfast and departure; easy hiking in the Taunus for those who can and want to stay


Timing: 50 minutes for presentation, 15 minutes for discussant;10 minutes for general discussion.