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Reposted by Bernhard Kasberger

JKU Department of Economics @jku-economics.bsky.social · 2d

More great news! Simon Finster joined us as Assistant Professor of Economics this semester 🎉

His research focuses on Economic Theory and applications to:
- Auctions
- Market Design
- Energy Economics
- IO

Simons's website: www.simonfinster.com

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Bernhard Kasberger @b-kasberger.bsky.social · 12d

Danke. Bis Jahresende lässt sich die Liberalisierung allerdings nicht ändern. Zumal sie mit EU-Richtlinien verbunden ist.

Bernhard Kasberger @b-kasberger.bsky.social · 16d

Können Sie bitte erläutern, wie das gemeint ist?

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Reposted by Bernhard Kasberger

Al Roth @alroth.bsky.social · Aug 20

#econsky
marketdesigner.blogspot.com/2025/08/mark...

Market design podcast on NPR's Planet Money (with Alex Teytelboym)

marketdesigner.blogspot.com

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Reposted by Bernhard Kasberger

Alexander Ahammer @ahammeralex.bsky.social · Aug 18

I have leftover funding for a PhD student for one year (ideally Sept '25 - Sept '26). Might be a good fit for someone wanting to delay going on the market. Please send interested students my way!

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Bernhard Kasberger @b-kasberger.bsky.social · Jul 31

@franzsinabell.bsky.social und ich haben ein Kommentar über dynamische Netzentgelte im @derstandard.at geschrieben www.derstandard.at/story/300000...

Mehr Sonnenenergie? Mehr Marktwirtschaft wagen!

Das günstige Angebot von PV-Anlagen und attraktive Förderungen haben den erwünschten Boom ausgelöst. Es braucht nun leistungsfähigere Netze und Stromspeicher. Marktkonforme Anreize bieten Lösungsansät...

www.derstandard.at

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Bernhard Kasberger @b-kasberger.bsky.social · Jun 18

📝 Apply via JKU system:
🔗 karriere.jku.at/hcm/jobexcha...
💬 Feel free to DM me or email if you have questions!

Graduate Project Assistant (must hold a Diploma/Master's degree)

karriere.jku.at

Bernhard Kasberger @b-kasberger.bsky.social · Jun 18

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🧠 Requirements:
• Master's degree in economics or related field
• Strong theory background
• Very good English (C1)
• Programming in Python/R a plus
• German not required

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Bernhard Kasberger @b-kasberger.bsky.social · Jun 18

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📌 Topics:
• Microeconomic theory
• Market design
• Game theory
• (Optional) Experimental econ or structural econometrics

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Bernhard Kasberger @b-kasberger.bsky.social · Jun 18

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👨‍🏫 Work with me on the DFG-funded project:
“Strategic Uncertainty in Market Design”
You'll also have time for your own research, with the option to enroll in our structured PhD program.

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Bernhard Kasberger @b-kasberger.bsky.social · Jun 18

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🚨 Job Opening: Join us at Johannes Kepler University Linz! I'm hiring a Pre-Doc / PhD-track Research Assistant in microeconomic theory with a focus on market design & game theory.
Perfect for those considering a PhD or looking for a 1–2 year RA position.
👇

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Reposted by Bernhard Kasberger

Stephan Lauermann @pareto-efficiency.bsky.social · May 26

The Hausdorff Center at Bonn will host the Trimester Program on “Advances in Mechanism Design” next summer. Students and postdocs are invited to apply for extended stays during the program or summer school participation. Funding for travel and accommodation is available.

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Reposted by Bernhard Kasberger

Luca Rigotti @lucarigotti.bsky.social · May 17

Be a theorist. At worst, your theorem is wrong and everyone thinks you're a moron... Still better than everyone discovering you're a fraudster and a cheat.

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Reposted by Bernhard Kasberger

Dr. Philoponus @drphiloponus.bsky.social · May 5

80 Jahre.

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Bernhard Kasberger @b-kasberger.bsky.social · May 8

We're hiring! The Econ Department in Linz is looking for a full professor in Labor Economics. Feel free to reach out if you have any questions about the position or our department! @jku-economics.bsky.social

JKU Department of Economics @jku-economics.bsky.social · May 8

📢 Come and work with us!

The Department of Economics at JKU Linz invites applications for a full 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗼𝗿𝘀𝗵𝗶𝗽 𝗶𝗻 𝗟𝗮𝗯𝗼𝗿 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀.

Apply by June 18, 2025.

Details: www.jku.at/en/the-jku/w...

Please share with your network!

#Econsky #Academicjobs

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Bernhard Kasberger @b-kasberger.bsky.social · May 7

a man in a yellow shirt and red shorts is dancing in the back of a car .

ALT: a man in a yellow shirt and red shorts is dancing in the back of a car .

media.tenor.com

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Bernhard Kasberger @b-kasberger.bsky.social · May 7

Excited to join JKU Linz and WIFO Vienna as a Professor of Energy and Environmental Economics! Looking forward to connecting with colleagues and sharing new ideas. @jku.at @jku-economics.bsky.social @wifo.bsky.social

JKU Department of Economics @jku-economics.bsky.social · May 7

Exciting news! As of May 1st, @b-kasberger.bsky.social has joined our department!

Bernhard is Professor of Energy & Environmental Economics at JKU and WIFO. His work dives into:
⚡ Market & auction design
🌿 Energy + environmental econ
🏭 Industrial org
🎲 Game theory

Website: kasberger.github.io

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Reposted by Bernhard Kasberger

JKU Department of Economics @jku-economics.bsky.social · May 7

Exciting news! As of May 1st, @b-kasberger.bsky.social has joined our department!

Bernhard is Professor of Energy & Environmental Economics at JKU and WIFO. His work dives into:
⚡ Market & auction design
🌿 Energy + environmental econ
🏭 Industrial org
🎲 Game theory

Website: kasberger.github.io

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Bernhard Kasberger @b-kasberger.bsky.social · Apr 23

Thanks, Alex 😊

Bernhard Kasberger @b-kasberger.bsky.social · Apr 23

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🧠 Conclusion: A new model of behavior in multi-unit auctions under strategic uncertainty. Our paper expands the toolkit for auction theory and contains much more
📄 Read more: doi.org/10.1016/j.je...

Redirecting

doi.org

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Bernhard Kasberger @b-kasberger.bsky.social · Apr 23

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Design implication: Depending on the competitiveness, the auctioneer might want to steer bidders’ information towards the informational extremes of maximal uncertainty or BNE.

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Bernhard Kasberger @b-kasberger.bsky.social · Apr 23

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Policy twist:
📈 In competitive markets, BNE outcomes yield higher revenue.
😬 But in low-competition settings, BNE can result in collusive equilibria with zero revenue.
😮 Minimax-loss bidders, unaware of such collusive schemes, don't coordinate — and often generate higher revenue in these cases.

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Bernhard Kasberger @b-kasberger.bsky.social · Apr 23

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🧪 Experimental evidence aligns:
– In PAB, BNE says to bid the same on both units, but real bidders often bid less for the second unit.
– In UPA, BNE predicts a zero bid on the second unit, yet subjects consistently bid positive amounts.
✅ These behaviors are what minimax-loss bidding predicts.

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Bernhard Kasberger @b-kasberger.bsky.social · Apr 23

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Key result: Even with multi-dimensional private values, optimal bids can be computed efficiently. In pay-as-bid (PAB) auctions, the minimax bid is unique. In uniform-price (UPA) auctions, unique only if bidders are constrained in the number of bid steps (as in many practical auctions).

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Bernhard Kasberger @b-kasberger.bsky.social · Apr 23

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Minimax-loss bidders don’t guess opponents' behavior. Instead, they protect against the worst-case regret.
💡 They ask: "What bid minimizes the maximum money I might leave on the table, no matter how others bid?"

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