KR2012_edited.jpg

KLAUS RITZBERGER

Welcome to my webpage!

I am an academic economist with specialization in game theory, microeconomics, and finance. Currently I am Professor of Economics at Royal Holloway, University of London. Before that I was at the Institute for Advanced Studies in Vienna and a number of other places. Details can be found in my cv below. My publications are listed separately.

 

CURRICULUM VITAE

Personal Data


Name:               Prof. Mag. Dr. Klaus RITZBERGER

Address:           83 Lichfield Court, Sheen Road,

                          Richmond, TW9 1AX, United Kingdom.

                          Tel. (+44) (0)208 940 39 70, mobile (UK) (+44) (0)7802

                          31 41 98, mobile (AT) (+43) (0)664 420 13 24.

                          E-mail. klaus.ritzberger@rhul.ac.uk

Marital Status:  divorced, one child (born July 1995)

Languages:       German, English

Born:                 May 28, 1957

Citizenship:      Austrian

Educational Attainments


1975                  “Matura”

1976-1982         Studies in Economics and Political Sciences at the University of  Vienna

1982-1984         Post-Graduate Studies in Economics at the Institute for Advanced Studies in Vienna

Jan. 1996           “Habilitation” in Economic Theory at the University of Vienna.

Academic Degrees


1982                  “Magister rer.soc.oec.” at the University of Vienna.

1987                  “Doktor rer.soc.oec.” at the University of Vienna.

1996                  “Universitäts-Dozent” at the University of Vienna.

Positions


Aug. 2016 -         Professor of Economics at Royal Holloway, University of London, Department of Economics

Office address:   Royal Holloway, University of London,

                            Dept. of Economics, H220 Horton Building,

                            Egham, Surrey, TW20 0EX, United Kingdom.

                            Tel. (+44) (0)1784 41 4052

Sept. 2005 - Aug. 2016   Lead Economist at the Department of Economics and Finance                                                                                           at the Institute for Advanced Studies, Vienna, and faculty member of the                                                                                       Vienna Graduate School of Finance.

Apr. 1999 – Sept. 2005   Chairman of the Department of Economics and Finance at the

                            Institute for Advanced Studies, Vienna.

Sept. 1984 – Apr. 1999   Assistant Professor at the Department of Economics at the

                            Institute for Advanced Studies, Vienna.


External Appointments


Jan.-July 1990    Visitor appointed to teach at the Australian National University, Canberra.


Feb. 1992            Visitor appointed to teach at the University of Alicante, Spain.


March 1992         Visitor at the Center for Economic Research, Tilburg University.


Sept.-Oct. 1992   Lecturer for the “IMF-Basic Course in Economics” at the Joint Vienna Institute.


Oct. 1992             Visitor at the Industriens Utredningsinstitut (IUI), Stockholm, Sweden.


Nov.-Dec. 1992   Visitor appointed to teach at the University of Helsinki, Finland.


Jan./Jun./Oct. 93 Lecturer for the “IMF-Basic Course in Economics” at the Joint Vienna Institute.

Feb./Sept. 94      Lecturer for the “IMF-Basic Course in Economics” at the Joint Vienna Institute.


Since Jan. 1994   Editorial Assistant for the “Zeitschrift für Wirtschafts- und Sozialwissenschaften”.


Apr.-May 1994    Visitor at Queen's University, Kingston, Ontario, Canada.


Mar.-May 1995   Lecturer at the University of Vienna.


Sept.-Oct. 1995   Lecturer for the “IMF-Basic Course in Economics” at the Joint Vienna Institute.


Apr.-June 1996   Visitor appointed to teach at the Stockholm School of Economics.


Sept.-Oct. 1996   Lecturer for the “IMF-Basic Course in Economics” at the Joint Vienna Institute.


Apr.-Sept. 1997   “Lehrstuhlvertreter” (Substitute Professor for R. Selten) at the University of Bonn, Germany.


Sept. 1997           Lecturer for the “IMF-Basic Course in Economics” at the Joint Vienna Institute.


Feb. 1999            Visitor appointed to teach at the University of Alicante, Spain.


Oct.-Dec. 1999    Visitor appointed to teach at the Karl-Franzens-Universität Graz.


Oct.-Dec. 2000    Visitor appointed to teach at the Leopold-Franzens-Universität Innsbruck.


Feb.-Mar. 2001   Visitor appointed to teach at the University of Alicante, Spain.


April 2001           Short-Term Consultant for the World Bank: Director of the “Managing Transition”-Segment                                                       in the 5th Applied Economic Policy Course at the Joint Vienna Institute.


Oct.-Dec. 2001   Short-Term Consultant for the World Bank: Director of the “Managing Transition"-Segment

                            in the 6th Applied Economic Policy Course at the Joint Vienna Institute.


May-June 2002   Visitor appointed to teach at the University of Alicante, Spain.


May-June 2003   Visitor appointed to teach at the University of Alicante, Spain.


May 2004            Visitor appointed to teach at the University of Alicante, Spain.


Feb. 2007            Economics Research Southern Africa (ERSA) Lecturer, University of Cape Town                                                                              and University of Durban, South Africa.


Oct. 2009             Research visitor at the University of Johannisburg, South Africa.


Oct. 2010             Research visitor at Cornell University, Ithaca, NY, USA.



Editorial Services

Ÿ Associate editor of the International Journal of Game Theory, since Nov. 2003.

Ÿ Associate editor of Economic Theory, since March 2004.

Ÿ Associate editor of Mathematical Social Sciences, since October 2007.

Ÿ Associate editor of Games, since August 2009.

Ÿ Associate editor of Dynamics and Games in Science, since November 2009.

Ÿ Associate editor of Economic Theory Bulletin, since January 2013.

Ÿ Associate editor of Journal of Dynamics and Games, since December 2017.



Memberships in Scientific Communities

Ÿ American Economic Association

Ÿ Econometric Society

Ÿ European Economic Association

Ÿ Game Theory Society

Ÿ Society for the Advancement of Economic Theory

Ÿ Royal Economic Society



Refereeing for

American Economic Review, Econometrica, Economic Journal, Economica, Economic Philosophy, Economic Theory, Empirical Economics, European Economic Review, European Journal of Political Economy, Games and Economic Behavior, International Economic Review, International Journal of Game Theory, International Journal of Industrial Organization, Journal of Economic Behavior and Organization, Journal of Economic Theory, Journal of Economics/Zeitschrift für Nationalökonomie, Journal of the European Economic Association, Journal of Institutional and Theoretical Economics, Journal of Mathematical Economics, Journal of Population Economics, Journal of Public Economics, Mathematics of Operations Research, Metroeconomica, Theoretical Economics.



Honors and Awards

Economic Theory Fellow, since 2011.

Oskar Morgenstern Award, 2007, 2009, 2010, 2011, 2015.

Semi-plenary speaker at the World Congress of the Game Theory Society 2012.

Grants


1994-1998       Member of the HCM-network CHRX-CT94-0489 “Games and Markets”, with H. Bester (Berlin), R. Burguet (Barcelona), L. Cabral (Lisbon), W. Leininger (Dortmund), J. Sakovics (Barcelona), E. van Damme (Tilburg), K. Wärneryd (Stockholm), J. W. Weibull (Stockholm).


2002-2005       Member of the Network “Behavorial Models in Economics and Finance”, European Collaborative Research Project in the Social Sciences, with C. Alós-Ferrer (Salamanca), M. Gutierrez (Salamanca), T. Hens (Zürich), K. Schenk-Hoppé (Zürich), M. Nermuth (Vienna).


2001-2004       Jubiläumsfonds der Österreichischen Nationalbank: Project “Cross-Ownership Among Firms”, with V. Dorofeenko (IHS), J. Shorish (IHS), and L. H. P. Lang (Hong Kong).


2005-2016      Foundation Faculty Member of the “Vienna Graduate School of Finance” (VGSF), PhD Program in Finance, sponsored by the Austrian Science Fund (FWF), since March 2005; with E. Dockner (WU), R. Frey (WU), T. Gehrig (U Wien), A. Geyer (WU), N. Hautsch (U Wien), R. Jankowitsch (WU), C. Laux (WU), G. Lóránth (U Wien), A. Mürmann (WU), S. Pichler (WU), L. Sögner (IHS), N. Stoughton (WU), J. Zechner (WU).


2009-2013       FWF-DACH Project I338-G16 “Foundations of the Theory of Extensive Form Games”, with C. Alós-Ferrer.


2014-2016      FWF-DACH Project I1242-G16 “Sequential Decision Making: Part II”, with C. Alós-Ferrer.


2010-2016       Associate Faculty Member of the “Vienna Graduate School of Economics” (VGSE), PhD Program in Economics, sponsored by the Austrian Science Fund (FWF).

 

PUBLICATIONS

last update March 2022

JOURNAL PUBLICATIONS

“Intermediation and Price Volatility” (with T. Gehrig, Vienna), in: Journal of Economic Theory, 2022, forthcoming.

“Multi-Lateral Strategic Bargaining Without Stationarity” (with C. Alós-Ferrer, Zürich), in: Journal of Mathematical Economics,

vol. 97(102540), 2021, https://doi.org/10.1016/j.jmateco.2021.102540.


“Reduced Normal Forms Are Not Extensive Forms” (with C. Alós-Ferrer, Zürich), in: Economic Theory Bulletin, vol. 8, 2020, 281-288.


“Characterizations of Perfect Recall” (with C. Alós-Ferrer, Köln), in: International Journal of Game Theory, vol. 46(2), 2017, 311-326.


 “Does Backwards Induction Imply Subgame Perfection?” (with C. Alós-Ferrer, Köln), in: Games and Economic Behavior, vol. 103, 2017, 19-29 (doi: 10.1016/j.geb.2016.02.005)


"Characterizing Existence of Equilibrium for Large Extensive Form Games: A Necessity Result”  (with C. Alós-Ferrer, Köln), in: Economic Theory, vol. 63, 2017, 407-430. (doi: 10.1007/s00199-015-0937-0).


“Equilibrium Existence for Large Perfect Information Games” (with C. Alós-Ferrer, Köln), in: Journal of Mathematical Economics, vol. 62, 2016, 5-18.


“Order-Driven Markets are Almost Competitive”, in: Review of Economic Studies, vol. 83, nr. 1, 2016, 338-364.


"On the Characterization of Preference Continuity by Chains of Sets" (with C. Alós-Ferrer), 2013, in: Economic Theory Bulletin, vol. 3, nr. 2, 2015, 115-128.


“Choice of Rating Technology and Loan Pricing in Imperfect Credit Markets” (with H. De Silva, E. Dockner, R. Jankowitsch, and S. Pichler, Vienna), in: Journal of Risk, vol. 17, nr. 1, 2014, 29-62.


“Large Extensive Form Games” (with C. Alós-Ferrer, Konstanz), in: Economic Theory, vol.52, nr. 1, 2013, 75-102.


“Strategic Games Beyond Expected Utility” (with T. Jungbauer, Vienna), in: Economic Theory, vol. 48, nr. 2-3, 2011, 377-398.


“A General Equilbrium Analysis of Corporate Control and the Stock Market” (with S. Demichelis, Pavia), in Economic Theory, vol.46, nr. 2, 2011, 221-254.


“Price Competition with Population Uncertainty”, in: Mathematical Social Sciences, vol. 58, nr. 2, 2009, 145-157.


“Misleading Ranking of Research in Business: A Reply”, in: German Economic Review, vol. 10, nr. 3, 2009, 364-367.


“Trees and Extensive Forms” (with C. Alós-Ferrer, Konstanz), in: Journal of Economic Theory, vol. 143, nr. 1, 2008, 216-250.


“Who Controls Allianz? - Measuring the Separation of Dividend and Control Rights under Cross-Ownership among Firms” (with V. Dorofeenko, Vienna, L. H. P. Lang, Hong Kong, J. Shorish, Vienna), in: Annals of Finance, vol. 4, nr. 1, 2008, 75-103.


„Eine invariante Bewertung wirtschaftswissenschaftlicher Fachzeitschriften“, in: Perspektiven der Wirtschaftspolitik, vol. 9, nr. 3, 2008, 268-286.


“A Ranking of Journals in Economics and Related Fields“, in: German Economic Review, vol. 9, nr. 4, 2008, 402-430.


 “Price Normalization under Imperfect Competition”, in: Economic Theory, vol. 33, nr. 2, 2007, 365-368.


“Trees and Decisions” (with C. Alós-Ferrer, Vienna), in: Economic Theory, vol. 25, nr. 4, 2005, 763-798.


“Some Remarks on Pseudotrees” (with C. Alós-Ferrer, Vienna), in: Order, vol. 22, nr. 1, 2005, 1-9.


“Shareholder Voting”, in: Economics Letters, vol. 86, nr. 1, 2005, 69-72.


“On the Nash Bargaining Solution with Noise” (with W. Güth, Jena, and E. van Damme., Tilburg), European Economic Review, vol. 48, nr. 3, 2004, 697-713.


“From Evolutionary to Strategic Stability” (with S. Demichelis, Pavia), in: Journal of Economic Theory, vol. 113, nr. 1, 2003, 51-75.


“The Simple Geometry of Perfect Information Games” (with S. Demichelis, Pavia, and J. Swinkels, St. Louis), International Journal of Game Theory, vol. 32, nr. 3, 2003, 315-338.


“Strategic Pricing of Equity Issues” (with F. Milne, Kingston), in: Economic Theory, vol. 20, nr. 2, 2002, 271-294.


“Strategic Pricing, Signalling, and Costly Information Acquisition” (with H. Bester, Berlin), in: International Journal of Industrial Organization, vol. 19, nr. 9, 2001, 1347-1361.


“Recall in Extensive Form Games”, in: International Journal of Game Theory, vol. 28, nr. 1, 1999, 69-87.


“On Durable Goods Monopolies and the Coase-Conjecture” (with W. Güth, Berlin), in: Review of Economic Design, vol. 3, nr. 3, 1998, 215-236.


“Imperfectly Observable Commitments in n-Player Games” (with W. Güth, Berlin, and G. Kirchsteiger, Tilburg), in: Games and Economic Behavior, vol. 23, nr. 1, 1998, 54-74.


“On Games Under Expected Utility with Rank Dependent Probabilities”, in: Theory and Decision, vol. 40, nr. 1, 1996, 1-27.


“Evolutionary Selection in Normal Form Games” (with J. W. Weibull, Stockholm), in: Econometrica, vol. 63, nr. 6, 1995, 1371-1399.


“On Durable Goods Monopolies - An Experimental Study of Intrapersonal Price Competition and Price Discrimination Over Time” (with W. Güth and P. Ockenfels, Frankfurt), in: Journal of Economic Psychology, vol. 16, nr. 2, 1995, 247-274. (Reprinted in: “The Economics of Price Discrimination”, ed. by G. Norman, Edward Elgar Publ. Ltd., 1999).


“Optimal Provision Against the Risks of Old Age” (with W. Richter, Dortmund), in: Finanzarchiv, vol. 52, nr. 3, 1995, 339-356.


“Family Allowances as Welfare Improvements” (with B. Felderer, Bochum/Vienna), in: Journal of Economics/Zeitschrift für Nationalökonomie, vol. 61, nr. 1, 1995, 11-33.

 “The Theory of Normal Form Games from the Differentiable Viewpoint”, in: International Journal of Game Theory, vol. 23, nr. 3, 1994, 207-236.

“Dynamische Modelle Evolutionärer Selektion”, in: ifo-Studien, 3-4/1993, 221-238

“Optimal Biproportional Updating of Input-Output Matrices Generating Measures of Structural Change”, in: Economic Notes, vol.19, nr.1, 1990, 82-101.

PAPERS IN VOLUMES

“Resistance against Mass Immigration - An Evolutionary Explanation” (with W. Güth, Berlin), Jan. 1992, in: “Social Dilemmas and Cooperation”, ed. by U. Schulz, W. Albers, U. Mueller, Springer Verlag, 1994, 495-521.


“Reputational Equilibrium in a Macro-Economic Game with Infinite Action Spaces and a Continuum of Types” (with E. Amann, Dortmund), in: A. Riedl, G. Winckler, and A. Wörgötter (eds.), “Macro-Economic Policy Games”, Physica-Verlag, 1995, 1-25.


“Dynamic Games”, in: L. Corchón and M. A. Marini (eds.), Handbook of Game Theory and Industrial Organization, vol. I, Northampton, Mass.: Edward Elgar Publishing, Inc., 203-228.

BOOKS

“Foundations of Non-Cooperative Game Theory”, Oxford, U.K., Oxford University Press, 2002 (353 pages).

“The Theory of Extensive Form Games” (with C. Alós-Ferrer), Springer Verlag, 2016 (239 pages).

 

OTHER PAPERS

WORKING PAPERS AND CONSULTING

“Nabelschau - Die Forschungleistung österreichischer Ökonomen im nationalen und internationalen Vergleich“ (with G. Kirchsteiger, Vienna), study for the Ministry of Education, Sciences, and Culture, Nov. 2001.


“Cross-Ownership Among Firms: Some Determinants of the Separation of Ownership from Control” (with J. Shorish, Vienna), April 2002,  IHS Economics Series 113.


“The Simple Geometry of Perfect Information Games” (with S. Demichelis, Pavia, and J. Swinkels, St. Louis), June 2002, IHS Economics Series 115.


“From Evolutionary to Strategic Stability” (with S. Demichelis, Pavia), CORE Discussion Paper 2000/59.


“Perfect Recall”, SFB 303, Discussion Paper No. B-409, Univ. Bonn, 1997.


“Evolutionary Selection in Normal Form Games” (jointly with J. Weibull, Stockholm), Stockholm Univ. WP 1993:5 WE.


“On Durable Goods Monopolies and the Coase-Conjecture” (with W. Güth, Berlin), CentER Working Paper No. 9215, April 1992.


“The Nash Field” (with K. Vogelsberger, Vienna), IAS Discussion Paper No.263, Dec. 1989.


“On the Costs of Issuing Shares” (jointly with F. Milne, Queen's Univ., Kingston), IAS Discussion Paper No.279, April 1991.


“Strategic Pricing, Signalling, and Costly Information Acquisition” (with H. Bester, Berlin), FB Wirtschaftswissenschaft der FU Berlin, Nr. 1998/35.

   

“On the Non-Cooperative Foundations of Cooperative Bargaining” (with L. Corchón, Alicante), A discusión, WP-AD 92-06, Valencia, Dec. 1992.


“How to Bargain When It Almost Does Not Matter” (with L. Corchón, Alicante), May 1993.


“Competitive Equilibria and Market Corners on Centralized Order-Driven Markets”, Feb. 1994.  


“Involuntary Unemployment in a Bargaining Model When Capacity Choice is a Binding Precommitment” (with W. Pesendorfer, Northwestern Univ., Chicago), IAS Discussion Paper, No.250, July 1988.


“Customs Unions and Economic Communities: Some Examples”, IAS Discussion Paper No.276, Dec. 1990.


“Updating Input-Output Matrices and Structural Change”, IAS Discussion Paper No.227, Feb. 1986.


“On the Informativeness of Prices in a Linear Financial Market Model under Risk Neutrality”, IAS Working Paper No.236, March 1986.


“Wages When Jobs are Auctioned”, IAS Working Paper No. 238, May 1986.


“Die Regulierung der KFZ-Haftpflichversicherung in Oesterreich” (with A. Wörgötter, Vienna), IAS Report, June 1987.


“Nationale und Internationale Verflechtung der oesterreichischen Land- und Forstwirtschaft” (with A. Wörgötter and D. Grünwald, Vienna), IAS Report, Sept. 1987.


“Aufsätze zur Theorie des Kapitals und des Geldes”, Dissertation at the University of Vienna, Sept. 1986.

CO-AUTHORED FORECASTS

“Prognose der Österreichischen Wirtschaft” (jointly with Dept. of Economics, IAS), econometric forecast of the Austrian Economy, quarterly, 1985-1993 (except 1+2/90, 1/92, 4/92).