EMPIRICAL

ECONOMICS

Education

Fields of Interest

Behavioral and Experimental Economics; Health Economics; Neuro-Economics, Behavioral Finance

A list of selected publications can be found here.

Current Research Projects

The fair division of losses

(joint project with the Institute of Sociology at the University of Leipzig; Applicants and scientific heads; Prof. Dr. Roger Berger and Prof. Dr. Dr. Bodo Vogt)

This project aims at the examination of distribution problems of individual and corporate actors. The EU Member States' on-going debate on the allocation of refugees highlights this situation's high degree of relevance. This example also shows that in many real-life situations not only gains need to be divided, but also losses. This gives rise to the questions: How do actors decide in situations in which losses have to be divided and what influences their behavior?

This project is funded by the Deutsche Forschungsgemeinschaft (DFG, BE 2373/4-1)
http://gepris.dfg.de/gepris/projekt/362787969?language=en

Selected related Publications and Presentations

Neumann, T., Schosser, S., & Vogt, B. (2017). Ultimatum Bargaining Over Losses and Gains – An Experimental Comparison. Social Science Research, 67, 49-58. https://doi.org/10.1016/j.ssresearch.2017.08.009

Kroll, E.B., Morgenstern, R., Neumann, T., Schosser, S., & Vogt, B. (2014): Bargaining power does not matter when sharing losses - Experimental evidence of equal split in the Nash bargaining game. Journal of Economic Behavior & Organization, Volume 108(C), Pages 261–272. http://dx.doi.org/10.1016/j.jebo.2014.10.009

Consumer Research

In a joint research cluster Professor Dr. M. Sarstedt (Chair in Marketing), Professor Dr. Dr. B. Vogt (Chair in Empirical Economics), and Junior Professor Dr. Marcel Lichters (Junior Professorship for Consumer Behavior) team up to generate insights about different consumer groups, their preferences and the mechanisms that trigger certain behaviors. We conduct and disseminate rigorous research that generates innovative insight, relevant to business practice.

Further information: http://www.core.ovgu.de/

Selected related Publications and Presentations

Lichters, M., Bengart, P., Sarstedt, M., & Vogt, B. (2017). What really matters in attraction effect research: When choices have economic consequences. Marketing Letters, 28(1), 127-138. http://dx.doi.org/10.1007/s11002-015-9394-6

Lichters, M., Brunnlieb, C., Nave, G., Sarstedt, M., & Vogt, B. (2016). The Influence of Serotonin Deficiency on Choice Deferral and the Compromise Effect. Journal of Marketing Research, 53(2), 183–198. https://doi.org/10.1509/jmr.14.0482

A list of completed research projects can be found here.