Selected publications

On March 9, 2017 Karim Sadrieh and I organized an academic commemoration for Reinhard Selten who had died on August 23, 2016 at the age of 85. The commemoration took place at Goethe University Frankfurt, where Reinhard Selten had been a student in mathematics and postdoc in economics during the 1950s and 60s. Besides colleagues and friends, also members of Reinhard Selten’s family participated. Goethe University has published a documentation of the event, which is available for download. While most parts of the documentation are in German, it also includes contributions in English from Eric van Damme, Werner Güth, Peter Hammerstein, and Jörgen Weibull.

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 84 (3), 2017, 1346-1377

Online Appendix, VoxEU.org

A former version of this paper with similar results based on different (earlier) data is available as CESifo Working Paper No. 4657.

Add-on Pricing in Retail Financial Markets and the Fallacies of Consumer Education

Michael Kosfeld, Ulrich Schüwer

Review of Finance 21 (3), 2017, 1189-1216

The Effects of Financial and Recognition Incentives Across Work Contexts: The Role of Meaning

Michael Kosfeld, Susanne Neckermann, Xiaolan Yang

Economic Inquiry 55 (1), 2017, 237-247

VoxEU.org

The study is highlighted in the Winter 2019 issue of the The IRF Quarterly Academic Review.

Investors and Exploiters in Ecology and Economics: Principles and Applications

Luc-Alain Giraldeau, Philipp Heeb, Michael Kosfeld (Editors)

Strüngmann Forum Reports, Vol. 21, Julia Lupp, Series Editor

MIT Press, 2017

Leader Punishment and Cooperation in Groups: Experimental Field Evidence from Commons Management in Ethiopia

Michael Kosfeld, Devesh Rustagi

American Economic Review 105 (2), 2015, 747-783

Online Appendix

Resisting Moral Wiggle Room: How Robust is Reciprocal Behavior?

Joel van der Weele, Julija Kulisa, Michael Kosfeld, Guido Friebel

American Economic Journal: Microeconomics 6 (3), 2014, 256-264

Team Production in Competitive Labor Markets with Adverse Selection

Ferdinand von Siemens, Michael Kosfeld

European Economic Review 68, 2014, 181-198

Pro-Social Missions and Worker Motivation: An Experimental Study

Sebastian Fehrler, Michael Kosfeld

Journal of Economic Behavior & Organization 100, 2014, 99-110

Can You Trust the Good Guys? Trust Within and Between Groups with Different Missions

Sebastian Fehrler, Michael Kosfeld

Economics Letters 121 (3), 2013, 400-404

It’s all about Connections: Evidence on Network Formation

Armin Falk, Michael Kosfeld

Review of Network Economics 11 (3), 2012, Article 2

Competition, Cooperation, and Corporate Culture

Michael Kosfeld, Ferdinand von Siemens

RAND Journal of Economics 42 (1), 2011, 23-43

Getting More Work for Nothing? Symbolic Awards and Worker Performance

Michael Kosfeld, Susanne Neckermann

American Economic Journal: Microeconomics 3 (3), 2011, 86-99

Featured on the Behavioral Evidence Hub.

Conditional Cooperation and Costly Monitoring Explain Success in Forest Commons Management

Devesh Rustagi, Stefanie Engel, Michael Kosfeld

Science 330, 2010, 961-965

Supporting Online Material

Institution Formation in Public Goods Games

Michael Kosfeld, Akira Okada, Arno Riedl

American Economic Review 99 (4), 2009, 1335-1355

Online Appendix

Worker Self-Selection and the Profits from Cooperation

Michael Kosfeld, Ferdinand von Siemens

Journal of the European Economic Association (Papers & Proceedings) 7, 2009, 573-582

The Dynamics of Neighbourhood Watch and Norm Enforcement

Steffen Huck, Michael Kosfeld

Economic Journal 117, 2007, 270-286

The Hidden Costs of Control

Armin Falk, Michael Kosfeld

American Economic Review 96 (5), 2006, 1611-1630

Featured in: Gary Charness and Mark Pingle (Eds.), The Art of Experimental Economics - Twenty Top Papers Reviewed, Routledge, 2021

Neuroeconomic Foundations of Trust and Social Preferences: Initial Evidence

Ernst Fehr, Urs Fischbacher, Michael Kosfeld

American Economic Review (Papers & Proceedings) 95, 2005, 346-351

Oxytocin Increases Trust in Humans

Michael Kosfeld, Markus Heinrichs, Paul J. Zak, Urs Fischbacher, Ernst Fehr

Nature 435, 2005, 673-676

A replication study by Declerck et al. (2020) finds no effect of oxytocin on trusting behavior.

Rumours and Markets

Michael Kosfeld

Journal of Mathematical Economics 41 (6), 2005, 646-664

Best-Reply Matching in Games

Edward Droste, Michael Kosfeld, Mark Voorneveld

Mathematical Social Sciences 46 (3), 2003, 291-309

A Myopic Adjustment Process Leading to Best-Reply Matching

Michael Kosfeld, Edward Droste, Mark Voorneveld

Games and Economic Behavior 40 (2), 2002, 270-298

Stochastic Strategy Adjustment in Coordination Games

Michael Kosfeld

Economic Theory 20 (2), 2002, 321-339

Why Shops Close Again: An Evolutionary Perspective on the Deregulation of Shopping Hours

Michael Kosfeld

European Economic Review 46 (1), 2002, 51-72

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