Paul Heidhues untersucht die Unzulänglichkeiten klassischer Modelle des Konsumentenverhaltens – und die Frage, wie Menschen mit vorgefertigten Meinungen auf neue Informationen reagieren. Das Video ist während seines Gastaufenthaltes am briq im Sommer 2017 entstanden.
Drei Fragen an Paul Heidhues
Paul worked on numerous topics in Industrial Organization and Competition Policy such as input-market bargaining power, merger control, and collusion. More recently, much of his work focuses on the functioning of markets when consumers are partly driven by psychological factors – such as social preferences, loss aversion, time-inconsistency, or naivete – that the classic consumer model abstracts from. Among other things, he has written on how firms optimally price products and design credit contracts in response to consumers' psychological tendencies, and he has investigated the implications of various consumer mistakes for the functioning of markets and for consumer-protection regulation.
Paul is a member of the Academic Panel of the Competition and Markets Authority of the UK, a member of the Arbeitskreis Kartellrecht of the German Antitrust Authority (Bundeskartellamt), a Research Fellow of the CEPR Programme in Industrial Organization, a Research Fellow of the CESifo Network in Behavioral Economics, and an elected member of the Industrieökonomischer Ausschuss as well as the Theoretischer Ausschuss of the Verein für Socialpolitik. His work appeared in leading academic journals such as the American Economic Review, the Quarterly Journal of Economics, and the Review of Economic Studies.