Teemu

Pekkarinen

Researcher in Economics

I am a proud father of twins and a microeconomic theorist. My research interests are in information economics and game theory. I work on questions related to auctions and mechanism design.

Email:

pekkariselle@gmail.com & teemu.pekkarinen@uwasa.fi

Address:

Teemu Pekkarinen

University of Vaasa

Department of Economics

Wolffintie 32, 65200 Vaasa, Finland

Office: A331

Phone: +258 29 449 8615

Photo by Karoliina Vuorenmäki

RESEARCH

Publications

'Price-Inreasing Competition by Heretogenous Marketing Strategies', Research in Economics, 79(4): 101095, 2025. (With Klaus Kultti)

'Equilibrium Pricing under Concave Advertising Costs', The B.E. Journal of Theoretical Economics, 23(1), 2023. (With Klaus Kultti)

'Equilibrium Price and Advertisement Distributions', Journal of Mathematical Economics, 97: 102535, 2021. (With Klaus Kultti)

Working Papers

'Optimal Auction Design with Contingent Payments and Costly Verification', conditionally accepted, Theoretical Economics, arXiv: 2403.19945, 2025. (With Ian Ball)

'Pig in a Poke', SSRN: 5194687, 2025. (With Jana Gieselmann and Mikael Mäkimattila)

'On Bilateral Trade with Interdependent Values', SSRN: 3950363, 2023.

'Optimal Regulation with Costly Verification', SSRN: 3729347, 2022. (With Petteri Palonen)

'Mechanism Design with Auditing and Avoidance: Tax Evasion Story', SSRN: 4230382, 2024. (With Petteri Palonen)

'When Aiyagari meets Piketty: Growth, Inequality and Factor Income Shares', SSRN: 3782991, 2022. (With Toni Juuti, Kari Heimonen, and Juha-Pekka Junttila)

Work in Progress

'Identification of Collusion from Entry Decisions', 2022. (With Riku Buri, Carlo Perroni, and Janne Tukiainen)

'Allocation Equivalence Theorem', 2022.

Notes & Letters

'Information Processing Growth Model', SSRN: 5685783, 2025.

'On Regularity and Normalization in Sequential Screening', 2024. (With Ian Ball)

'Free Riding in Status Competition', SSRN: 4648688, 2023. (With Klaus Kultti)

Other Publications and Policy Related Work

'Research on Pricing under Asymmetric Information', The Finnish Economic Journal, 2/2023 (119). (In Finnish)

'Studies in Pricing Under Asymmentric Information', Doctoral Dissertation, Helsinki GSE, 2022.

'The Finnish gambling system in transition – Options for the future', Publications of the Finnish Government 2021:12, 2021. (With Erkki Liikanen, Liisa Hyssälä, Kalevi Kivistö, Osmo Soininvaara, and Ulla-Maj Wideroos) (In Finnish)

'Big Data and Machine Learning in Macroeconomics', The Finnish Economic Journal, 2018 (2). (In Finnish)

'The Structural Changes in Finnish Industrial Sector', Bank of Finland Bulletin, 2017 (11). (In Finnish)

’The lower bounds on nominal interest rates’, University of Helsinki, 2017.

TEACHING

Lecturer

Macroeconomics I, University of Vaasa (Bachelor's level, Spring 2026)

Behavioral Economics, University of Vaasa (Bachelor's level, Fall 2025)

Microeconomics 1: Competition and Welfare, University of Bonn (Master's level, Fall 2024)

Teaching Assistant

Microeconomics 4: Information Economics, Helsinki GSE (PhD level, Spring 2019 & 2021)

Microeconomics 3: Game Theory, Helsinki GSE (PhD level, Spring 2019)

Econometrics 1: Econometric Methods I, Helsinki GSE (PhD level, Fall 2018)

Econometrics 2: Econometric Methods II, Helsinki GSE (PhD level, Fall 2018)

Macroeconomics 1: Adv. Optimization Methods for Macroeconomics Models, Helsinki GSE (PhD level, Fall 2019)

Macroeconomics 2: Stochastic Recursive Macroeconomics Models, Helsinki GSE (PhD level, Fall 2019)

Student Workshops

Advanced Macroeconomics I, Econometrics I, Microeconomics I, (Master's and PhD level, Fall 2020)

Econometrics I & II, Microeconomics I & II (Master's level, Fall 2018)

Statistics and Mathematical Economics, Preparation Course, Helsinki (04/2015)

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