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Lars Peter Raahave Østerdal
Professor
Department of Economics
Copenhagen Business School
Porcelænshaven 16A
DK-2000 Frederiksberg
Tel: +45 38155641
E-mail: lpo.eco@cbs.dk
Twitter: @lposterdal
My CBS staff page incl. downloadable CV
Biographic information
Born 1975. Married to Dorte Raahave Østerdal; one son.
Professor, Department of Economics, Copenhagen Business School, September 2021-
Head of Department, Department of Economics, Copenhagen Business School, August 2016-August 2021.
Professor, Department of Business and Economics, University of Southern Denmark, January 2012-July 2016.
Professor (mso), Department of Economics, University of Copenhagen, 2008-2011.
Associate professor (permanent), Department of Economics, University of Copenhagen, 2007-2008.
Associate professor (fixed term), Department of Economics, University of Copenhagen, 2005-2007.
Assistant professor, Department of Economics, University of Copenhagen, 2003-2005.
PhD, Department of Economics, University of Copenhagen, 2004.
MSc (Business Administration and Management Science), Copenhagen Business School, 2001.
Research areas:
Health economics, welfare economics, fair allocation, game theory, microeconomic theory.
Research grants:
“Achieving Centralized Objectives in a Decentralized Economy”. Independent Research Fund Denmark. Project participant. 2024-2027.
“Connecting Copenhagen: Urban structure, policy spillovers, and welfare disparities”. The ROCKWOOL Foundation. Project participant. 2023-2027.
“Research programme on working environment economics”. Project participant. The National Research Centre for the Working Environment (NFA). 2022-2024.
“Normative foundations and behavioral implications of non-market allocation (NORMA)”. Principal investigator. The Danish Council for Independent Research | Social Sciences, DKK 5,781,744. 2016-2021.
“Fair and efficient health care under tight budgets”. Principal investigator. The SDU2020 fund, DKK 6,000,000. 2013-2019.
“Fairness and Incentives in Networks and Queues (FINQ)”. Principal investigator. The Danish Council for Independent Research | Social Sciences, DKK 4,790,016. 2013-2016.
“Intelligent Road User Charging”. Project participant. The Danish Council for Strategic Research. 2011-2014.
“Economic Governance and Development in Vietnam and Mozambique”. Project participant. DANIDA. 2009-2012.
Other:
Board member, The Danish Rail Regulatory Body, 2016-.
Associate Editor, International Game Theory Review, 2015-.
Erdős number: 3 (for example, via Hervé Moulin → Ron Holzman → Paul Erdős, or Bezalel Peleg → Ron Holzman → Paul Erdős).
Publications in international journals:
Gudmundsson J, Hougaard JL, Moreno-Ternero JD, Østerdal LP. Optimizing Successive Incentives: Rewarding the Past or Motivating the Future? Games and Economic Behavior, available online May 28, 2025. link
Argyris N, Østerdal LP, Hussain MA. Value-driven Multidimensional Welfare Analysis: A Dominance Approach with Application to Comparisons of European Populations. European Journal of Operational Research, accepted for publication. link
Moreno-Ternero JD, Østerdal LP. Setting limits for the principle of equal entitlement to continued life. Cambridge Quarterly of Healthcare Ethics, published online 02 January 2025. link
Hansen KS, Moreno-Ternero JD, Østerdal LP. Quality- and productivity-adjusted life years: From QALYs to PALYs and beyond. Journal of Health Economics 95, 102885, 2024. link
Breinbjerg J, Platz TT, Østerdal LP. Equilibrium Arrivals to a Last-come First-served Preemptive-resume Queue. Annals of Operations Research 336, 1551–1572, 2024. https://link.springer.com/content/pdf/10.1007/s10479-023-05348-9.pdf
Moreno-Ternero JD, Platz TT, Østerdal LP (2022). QALYs, DALYs, and HALYs: A Unifying Framework for the Evaluation of Population Health. Journal of Health Economics 87, 102714, 2023. https://authors.elsevier.com/sd/article/S0167-6296(22)00128-X
Hougaard JL, Moreno-Ternero JD, Østerdal LP. Optimal Management of Evolving Hierarchies. Management Science 68, 8, 6024-6038, 2022. https://doi.org/10.1287/mnsc.2021.4185
Moreno-Ternero JD, Østerdal LP. Entitlements to Continued Life and the Evaluation of Population Health. Review of Economic Design 27, 561–579, 2023. full-text access to view-only version
Hussain MA, Siersbæk N, Østerdal LP. Multidimensional Welfare Comparisons of EU Member States Before, During, and After the Financial Crisis: A Dominance Approach. Social Choice and Welfare 55, 645-686, 2020. pdf (older working paper version). Matlab code for identitying first order dominance available from authors.
Platz TT, Siersbæk N, Østerdal LP. Ethically Acceptable Compensation for Living Donations of Organs, Tissues and Cells: An Unexploited Potential? Applied Health Economics and Health Policy 17, 1-14, 2019. DOI 10.1007/s40258-018-0421-7. pdf (full-text view-only version)
Range TM, Østerdal LP. First-order dominance: stronger characterization and a bivariate checking algorithm. Mathematical Programming 173, 193-219, 2019 . pdf (full-text view-only version).
Gottschalk T, Range TM, Sudhölter P, Østerdal LP. Decomposing bivariate dominance for social welfare comparisons. Mathematical Social Sciences 95, 1-8, 2018.
Aziz H, Hougaard JL, Moreno-Ternero JD, Østerdal LP. Computational aspects of assigning agents to a line. Mathematical Social Sciences 90, 93-99, 2017. pdf
Moreno-Ternero JD, Østerdal LP. A normative foundation for equity-sensitive health evaluation: The role of relative comparisons of health gains. Journal of Public Economic Theory 19, 1009–1025, 2017.
Platz TT, Østerdal LP. The curse of the first-in-first-out queue discipline. Games and Economic Behavior 104, 165–176, 2017.
Hougaard JL, Moreno-Ternero JD, Tvede M, Østerdal LP. Sharing the proceeds from a hierarchical venture. Games and Economic Behavior 102, 98–110, 2017.
Hansen KS, Lesner TH, Østerdal LP. Optimal price subsidies for appropriate malaria testing and treatment behaviour. Malaria Journal 15:534, 2016. pdf
Breinbjerg J, Sebald A, Østerdal LP. Strategic Behavior and Social Outcomes in a Bottleneck Queue: Experimental Evidence. Review of Economic Design 20, 207–236, 2016. pdf.
Arndt C, Hussain MA, Salvucci V, Østerdal LP. Effects of Food Price Shocks on Child Malnutrition: The Mozambican Experience 2008/09. Economics and Human Biology 22, 1–13, 2016. pdf
Arndt C, Hussain MA, Salvucci V, Tarp F, Østerdal LP. Poverty mapping based on first order dominance with an example from Mozambique. Journal of International Development, 28, 3–21, 2016. pdf
Hussain MA, Jørgensen MM, Østerdal LP. Refining population health comparisons: a multidimensional first order dominance approach. Social Indicators Research 129, 739–759, 2016. pdf
Sonne-Schmidt C, Tarp F, Østerdal LP. Ordinal bivariate inequality: concepts and application to child deprivation in Mozambique. Review of Income and Wealth 62, 559–573. 2016. pdf
Hougaard JL, Moreno-Ternero JD, Østerdal LP. Assigning agents to a line. Games and Economic Behavior 87, 539-553, 2014. pdf
Hougaard JL, Moreno-Ternero JD, Østerdal LP. A new axiomatic approach to the evaluation of population health. Journal of Health Economics 32(3), 515–523, 2013. pdf
Platz TT, Østerdal LP. Forming and Dissolving Partnerships in Cooperative Game Situations. Journal of Public Economic Theory 15(2), 208-228, 2013.
Hougaard JL, Moreno-Ternero JD, Østerdal LP. Rationing with Baselines: The Composition Extension Operator. Annals of Operations Research 211(1), 179-191, 2013. pdf (WP)
Hougaard JL, Moreno-Ternero JD, Østerdal LP. Rationing in the presence of baselines. Social Choice and Welfare 40, 1047-1066, 2013. pdf
Knudsen PH, Østerdal LP. Merging and splitting in cooperative games: some (im)possibility results. International Journal of Game Theory 41, 4, 763-774, 2012. pdf
Harvey CM, Østerdal LP. Discounting Models for Outcomes over Continuous Time. Journal of Mathematical Economics 48, 5, 284-294, 2012. pdf
Arndt C, Distante R, Hussain MA, Østerdal LP, et al. Ordinal Welfare Comparisons with Multiple Discrete Indicators: A First Order Dominance Approach and Application to Child Poverty. World Development 40, 11, 2290–2301, 2012. pdf
Hougaard JL, Moreno-Ternero JD, Østerdal LP. A unifying framework for the problem of adjudicating conflicting claims. Journal of Mathematical Economics 48, 5, 107-114, 2012. pdf
Hougaard JL, Tjur T, Østerdal LP. On the meaningfulness of testing preference axioms in stated preference discrete choice experiments. European Journal of Health Economics 13, 409-417, 2012. pdf
Hougaard JL, Østerdal LP, Yu Y. The Chinese healthcare system: structure, problems and challenges. Applied Health Economics and Health Policy 9(1), 1-13, 2011. pdf
Hougaard JL, Østerdal LP. Monotonicity of social welfare optima. Games and Economic Behavior 7, 392-402. 2010.
Østerdal LP. The mass transfer approach to multivariate discrete first order stochastic dominance: direct proof and implications. Journal of Mathematical Economics 46, 1222-1228, 2010.
Harvey CM, Østerdal LP. Cardinal scales for health evaluation. Decision Analysis 7, 256-281, 2010. INFORMS PubsOnLine. pdf
Hougaard JL, Moulin H, Østerdal LP. Decentralized Pricing in Minimum Cost Spanning Trees. Economic Theory 44, 293–306. 2010.
Hope T, Østerdal LP, Hasman A. An inquiry into the principles of needs-based allocation of health care. Bioethics 24, 470–480, 2010.
Hougaard JL, Østerdal LP. Decreasing serial cost sharing: an axiomatic characterization. International Journal of Game Theory, 38, 469-479, 2009.
Østerdal LP. The lack of theoretical support for using person trade-offs in QALY-type models. European Journal of Health Economics 10, 429-436, 2009.
Hansen KS, Østerdal LP. Models of quality-adjusted life years when health varies over time: survey and analysis. Journal of Economic Surveys 20, 229-256, 2006.
Østerdal LP. Subadditive functions and their (pseudo-)inverses. Journal of Mathematical Analysis and Applications 317, 724-731, 2006.
Hasman A, Hope T, Østerdal LP. Health care need: Three interpretations. Journal of Applied Philosophy 23, 145-156, 2006.
Østerdal LP. Axioms for health care resource allocation. Journal of Health Economics 24, 679-702, 2005.
Hougaard JL, Peleg B, Østerdal LP. The Dutta-Ray solution on the class of convex games: A generalization and monotonicity properties. International Game Theory Review 7, 431-442, 2005. pdf
Østerdal LP. Bargaining power in repeated games. Mathematical Social Sciences 49, 101-110, 2005.
JL Hougaard, Østerdal LP. Inequality preserving rationing. Economics Letters 87, 355-360, 2005.
Østerdal LP. Iterated weak dominance and subgame dominance. Journal of Mathematical Economics 41, 637-645, 2005.
Hasman A, Østerdal LP. Equal value of life and the Pareto principle. Economics and Philosophy 20, 19-33, 2004.
Hansen BO, Hougaard JL, Keiding H, Østerdal LP. On the possibility of a bridge between CBA and CEA: Comments on a paper by Dolan and Edlin. Journal of Health Economics 23, 887-898, 2004.
Østerdal LP. Pascal's and Tabarrok's Wagers. Theory and Decision 57, 1-4, 2004.
Østerdal LP. Exponential health utility: A characterization and comments on the contribution by Happich and Mühlbacher. European Journal of Health Economics 5, 365-367, 2004.
Østerdal LP. A note on cost-value analysis. Health Economics 12, 247-250, 2003.
Østerdal LP. A note on the stability of collusion in differentiated oligopolies. Research in Economics 57 (1), 53-64, 2003.
Book chapters:
Siersbæk N, Østerdal LP, Arndt C. Multidimensional first-order dominance comparisons of population wellbeing. In: Measuring Poverty and Wellbeing in Developing Countries. Edited by C Arndt and F Tarp. Oxford University Press, 2017. open access
Hougaard JL, Moreno-Ternero JD, Østerdal LP. On the measurement of the (multidimensional) inequality of health distributions. In: Research on Economic Inequality, Vol. 21 - Health and Inequality, 111-129, 2013. pdf
Publications in Danish:
Jørgensen MM, Koch MB, Østerdal LP. Ulighed i selvvurderet helbred i Danmark. Nationaløkonomisk Tidsskrift 151, 55-88, 2013. pdf (WP) pdf (article).
Beierholm ML, Platz TT, Østerdal LP. Organdonation og -allokering i et mikroøkonomisk perspektiv. Nationaløkonomisk Tidsskrift 147(3), 265-296, 2009. pdf
Hougaard JL, Kolind JM, Østerdal LP. Danske lægers turnusordning. Nationaløkonomisk Tidsskrift 145(2), 144-163, 2007. pdf (WP) pdf (article)
Hougaard JL, Thorlund-Petersen L, Østerdal LP. Mængderabatter. Ledelse & Erhvervsøkonomi 2, 109-121, 2001. pdf
Recent working papers:
Hussain MA, Mulalic I , Østerdal LP. A New Approach to Multidimensional Ordinal Welfare Measurement: Country and Urban Level Evidence. download
Flores-Szwagrzak K , Østerdal LP. Rationalizing Sharing Rules. download
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