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| 1973 | PhD in Economics, Massachusetts Institute of Technology, Cambridge, MA, USA | | 1973 - 1974 | Research Associate, Stanford University, CA, USA | | 1974 - 1977 | Assistant Professor of Economics, Princeton University, NJ, USA | | 1977 - 1979 | Associate Professor of Economics (H3), University of Bonn | | 1979 - 1987 | Professor of Economics (H4/C4), University of Bonn | | 1987 - 1996 | Professor of Economics, University of Basel, Switzerland | | 1995 - 1996 | Taussig Research Professor, Harvard University, Cambridge, MA, USA | | 1996 - 2004 | Professor of Economics, University of Mannheim | | 2004 -2017 | Director, Max Planck Institute for Research on Collective Goods, Bonn | | 2004 - 2017 | Professor of Economics, University of Bonn (Courtesy Appointment) | | Since 2017 | Emeritus, Max Planck Institute for Research on Collective Goods, Bonn, and University of Bonn (Courtesy Appointment) |
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Work will continue on mechanism design foundations of public economics.
Current work focuses on the implications of requiring robustness of mechanisms, i.e., independence of implementation by a mechanism from the specification of belief systems, and of coalition proofness, in addition to individual incentive compatibility. In joint work with Felix Bierbrauer, currently in the second round with Econometrica, we show that these two requirements jointly limit the set of admissible mechanisms to the set of voting mechanisms, thus providing a mechanism theoretic foundation for voting.
In addition, work will be done on information acquisition and ''market discipline'' in financial contracting. The main problem here is to study disciplining mechanisms when there is coexistence of outside equity and (short-term) debt.
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DFG Collaborative Research Center SFB/TR 15 “Governance and the Efficiency of Economic Systems”
since 2004
ESF Research Network Public Goods Public Projects, Externalities
Coordinator, 2006 - 2010
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[ 1] Martin F. Hellwig
Incentive problems with unidimensional hidden characteristics: a unified approach
Econometrica , 78: (4): 1201--1237
2010
DOI: 10.3982/ECTA7726[ 2] M. F. Hellwig
Systemic risk in the financial sector: An analysis of the subprimemortgage financial crisis
De Economist (157): 129-207
2009[ 3] M. F. Hellwig
A contribution to the theory of optimal utilitarian income taxation
Journal of Public Economics (91): 1449-1477
2007[ 4] M. F. Hellwig
The provision and pricing of excludable public goods: Ramsey-Boiteux pricing versus bundling
Journal of Public Economics (91): 511-540
2007[ 5] Martin F. Hellwig
The role of boundary solutions in principal-agent problems of the Holmström-Milgrom type
J. Econom. Theory , 136: (1): 446--475
2007
DOI: 10.1016/j.jet.2006.09.004[ 6] M. F. Hellwig
The undesirability of randomized income taxation under decreasing risk aversion
Journal of Economic Theory (91): 791-816
2007[ 7] Alia Gizatulina, Martin Hellwig
The generic possibility of full surplus extraction in models with large type spaces
J. Econom. Theory , 170: : 385--416
2017
DOI: 10.1016/j.jet.2017.05.009[ 8] Felix J. Bierbrauer, Martin F. Hellwig
Robustly coalition-proof incentive mechanisms for public good provision are voting mechanisms and vice versa
Rev. Econ. Stud. , 83: (4): 1440--1464
2016
DOI: 10.1093/restud/rdw015[ 9] Alia Gizatulina, Martin Hellwig
Beliefs, payoffs, information: on the robustness of the BDP property in models with endogenous beliefs
J. Math. Econom. , 51: : 136--153
2014
DOI: 10.1016/j.jmateco.2013.10.010[ 10] Anat R. Admati, Peter M. DeMarzo, Martin Hellwig, Paul Pfleiderer
The Leverage Ratchet Effect
Journal of Finance, forthcoming
2017 |
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• Review of Economic Studies (European Editor, 1982 - 1986)
• Econometrica (Associate Editor, Co-Editor, 1984 - 1992)
• Journal of the European Economic Association (Advisory Board, since 2003)
• Journal of Public Economic Theory (Associate Editor, 2005 - 2010)
• Journal of Public Economics (Associate Editor, since 2007)
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| 1981 | Fellow, Econometric Society | | 1988 | Honorary professor, Vienna University, Austria | | 1990 | Member, Academia Europaea | | 1992 | President, European Economic Association | | 1994 | Member, Berlin-Brandenburg Academy of Sciences | | 1995 | Honorary foreign member, American Economic Association | | 2000 - 2004 | President, Verein für Socialpolitik (German Economic Association) | | 2002 | Doctor rer. pol. honoris causa, University of Tübingen | | 2002 | Inaugural Fellow, European Corporate Governance Institute | | 2003 | Foreign honorary member, American Academy of Arts and Sciences | | 2005 | Doctor rer. pol. honoris causa, HU Berlin | | 2008 | Jelle Zijlstra Fellow, Netherlands Institute for Advanced Study | | 2009 | Gustav Stolper Award, Verein für Socialpolitik (German Economic Association) | | 2009 | Doctor rer. pol. honoris causa, University of Basel, Switzerland | | 2010 | Award for the Most Significant Paper in 2009, Journal of Financial Intermediation | | 2012 | Max Planck Research Award | | 2013 | Economic Theory Fellow, Society for the Advancement of Economic Theory | | 2016 | Western Finance Association (WFA): Charles River Associates Award for | | 2016 | Ernst Hellmut Vits Prize, Universitätsgesellschaft Münster, November |
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| 1992 | Presidential Address, European Economic Association, Dublin, Ireland | | 1992 | Gaston Eyskens Lectures, Leuven Catholic University, Netherlands | | 1993 | Walras-Bowley Lecture, Econometric Society | | 1993 | Walras-Pareto Lectures, Lausanne University, Switzerland | | 1998 | Geneva Risk Lecture, European Group of Insurance Economists | | 2003 | Baffi Lecture, Banca d'Italia, Italy | | 2007 | Walter Adolf Jöhr Lecture, University of St. Gallen, Switzerland | | 2009 | Alfred Weber Lecture, University of Heidelberg | | 2010 | Johann Heinrich Thünen Lecture, Verein für Socialpolitik (German Economic Association) | | 2015 | W.A. Mackintosh Lecture, Queen's University, Department of Economics, Kingston, Ontario, Canada |
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| 1984 | London School of Economics, England, UK | | 1984 | FU Berlin | | 1992 | University of Munich | | 1995 | University of Bonn | | 2002 | Kiel Institute for World Economics and University of Kiel |
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Helmut Bester (1987), now Professor, FU Berlin
Wolfgang Leininger (1988), now Professor, TU Dortmund
Winand Emons (1992), now Professor, University of Bern, Switzerland
Tilman Börgers (1992), now Professor, University of Michigan, MI, USA
Hans Gersbach (1994), now Professor, ETH Zurich, Switzerland
Thomas Gehrig (1995), now Professor, University of Vienna, Austria
E.-L. von Thadden (1995), now Professor, University of Mannheim
Peter-J. Jost (1995), now Professor, WHU Otto Beisheim School of Management, Koblenz-Vallendar
Christian Laux (2002), now Professor, Vienna University of Economics and Business, Austria
Andreas Irmen (2002), now Professor, University of Luxembourg, Luxembourg
Holger Müller (2003), now Professor, New York University, Leonard N. Stern School of Business, NY, USA
Elena Carletti (2007), now Professor, European University Institute, Florence, Italy
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Bierbrauer, Felix (2006): “Essays on Public Goods Provision and Income Taxation”,
now Professor, University of Cologne
Kranz, Sebastian (2008): “Essays on Moral Norms, Legal Unbundling and Franchise Systems”,
now Professor, University of Ulm
Gizatulina, Alia (2009): “Essys in Mechanism Design”,
now Assistant Professor, University of St. Gallen, Switzerland
Weinschenk, Philipp (2009): “Essays in microeconomics”,
now Professor, TU Kaiserslautern
Schwerhoff, Gregor (2012): “Essays on Parental Leave, Global Disinflation and Non-Renewable Resources”,
now Researcher, Mercator Research Institute on Global Commons and Climate Change (MCC), Berlin
Lang, Matthias (2012): “Contracting in the Presence of Uncertainty”,
now Junior Professor, School of Business and Economics, Microeconomics, Freie Universität Berlin
Behn, Markus (2014): “Five Essays on Bank Regulation”,
now Economist, European Central Bank, Macro-Financial Policies Division, Frankfurt/M.
Hansen, Emanuel (2014): “Essays in Public Economics”,
now Junior Professor, Center for Macroeconomic Research, University of Cologne
Luck, Stephan (2015): “Essays on Financial Stability”,
now Economist, Federal Reserve, Washington D.C., USA
Schempp, Paul (2015): “Essays on Financial Stability”,
now Junior Professor of Economics, University of Cologne
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