Welcome! I am a Professor of Management at Goethe University Frankfurt. My research employs methods from game theory and experimental economics (lab and field experiments) to answer questions regarding the determinants and consequences of human decision-making and social interaction. I am particularly interested in understanding why humans (do not) cooperate and under what conditions cooperation in teams and groups can be sustained.
Recent papers study the role and impact of intrinsic motivation, the relationship between social preferences and collective-action outcomes, distributional preferences in large groups, and the formation and stability of (social, economic) institutions as well as organizational culture.
I am currently director of the Frankfurt Laboratory for Experimental Economic Research (FLEX) and the Center for Leadership and Behavior in Organizations (CLBO), both at Goethe University.
NEW: Revealed Preferences in a Sequential Prisoners’ Dilemma: A Horse-Race between five Utility Functions
Topi Miettinen, Michael Kosfeld, Ernst Fehr, Jörgen Weibull
Guido Friebel, Michael Kosfeld, Gerd Thielmann
One, Two, Many – Insensitivity to Group Size in Games with Concentrated Benefits and Dispersed Costs
Heiner Schumacher, Iris Kesternich, Michael Kosfeld, Joachim Winter
Review of Economic Studies forthcoming
A former version of this paper with similar results based on different (earlier) data is available as CESifo Working Paper No. 4657.
Michael Kosfeld, Susanne Neckermann, Xiaolan Yang
Economic Inquiry 55, 2017, 237-247
Michael Kosfeld, Ulrich Schüwer
Review of Finance forthcoming
Leader Punishment and Cooperation in Groups: Experimental Field Evidence from Commons Management in Ethiopia
Michael Kosfeld, Devesh Rustagi
American Economic Review 105, 2015, 747-783
Joel van der Weele, Julija Kulisa, Michael Kosfeld, Guido Friebel
American Economic Journal: Microeconomics 6, 2014, 256-264
Competition, Cooperation, and Corporate Culture
Michael Kosfeld, Ferdinand von Siemens
RAND Journal of Economics 42, 2011, 23-43
Getting More Work for Nothing? Symbolic Awards and Worker Performance
Michael Kosfeld, Susanne Neckermann
American Economic Journal: Microeconomics 3, 2011, 86-99
Conditional Cooperation and Costly Monitoring Explain Success in Forest Commons Management
Devesh Rustagi, Stefanie Engel, Michael Kosfeld
Science 330, 2010, 961-965
Michael Kosfeld, Akira Okada, Arno Riedl
American Economic Review 99, 2009, 1335-1355
Armin Falk, Michael Kosfeld
American Economic Review 96, 2006, 1611-1630
Oxytocin Increases Trust in Humans
Michael Kosfeld, Markus Heinrichs, Paul J. Zak, Urs Fischbacher, Ernst Fehr
Nature 435, 2005, 673-676
For a complete list of publications, please see my CV.