Roland Kirstein (born ) is a German economist and professor of Business Administration at the Otto-von-Guericke-University in

Magdeburg Magdeburg (; nds, label=Low Saxon, Meideborg ) is the capital and second-largest city of the German state Saxony-Anhalt. The city is situated at the Elbe river. Otto I, the first Holy Roman Emperor and founder of the Archdiocese of Magdebur ...

, Germany.

Biography

Roland Kirstein was born Schröder in

Bremen Bremen (Low German also: ''Breem'' or ''Bräm''), officially the City Municipality of Bremen (german: Stadtgemeinde Bremen, ), is the capital of the German state Free Hanseatic City of Bremen (''Freie Hansestadt Bremen''), a two-city-state consis ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

. He studied

economics Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and intera ...

and law at the

Saarland University Saarland University (german: Universität des Saarlandes, ) is a public research university located in Saarbrücken, the capital of the German state of Saarland. It was founded in 1948 in Homburg in co-operation with France and is organized in si ...

in Germany in 1988-1994. He finished his Ph.D. thesis in 1998 (supervisor Prof. Dieter Schmidtchen) on the topic "Imperfect Decision-Making Judges". As an

assistant professor Assistant Professor is an academic rank just below the rank of an associate professor used in universities or colleges, mainly in the United States and Canada. Overview This position is generally taken after earning a doctoral degree and general ...

of economics, he specialized in

law and economics Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law, which emerged primarily from scholars of the Chicago school of economics. Economic concepts are used to explain the effects of laws ...

, namely

banking regulation Bank regulation is a form of government regulation which subjects banks to certain requirements, restrictions and guidelines, designed to create market transparency between banking institutions and the individuals and corporations with whom they ...

, insurance economics, and

constitutional economics Constitutional economics is a research program in economics and constitutionalism that has been described as explaining the choice "of alternative sets of legal-institutional-constitutional rules that constrain the choices and activities of economi ...

. In 2002, Roland Kirstein visited the

University of California, Berkeley The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California) is a public land-grant research university in Berkeley, California. Established in 1868 as the University of California, it is the state's first land-grant u ...

(Law School, invited by Prof.

Robert Cooter Robert D. Cooter (born May 2, 1945) is the Herman F. Selvin Professor of Law at the University of California, Berkeley, School of Law. Cooter works in the field of law and economics. He is co-editor of the ''International Review of Law and Econom ...

) and in Santa Barbara (Economics Department, invited by Prof. Ted Bergstrom) to do research into

asymmetric information In contract theory and economics, information asymmetry deals with the study of decisions in transactions where one party has more or better information than the other. Information asymmetry creates an imbalance of power in transactions, which can ...

in consumer markets. In 2003 and 2005, he has been a

visiting professor In academia, a visiting scholar, visiting researcher, visiting fellow, visiting lecturer, or visiting professor is a scholar from an institution who visits a host university to teach, lecture, or perform research on a topic for which the visitor ...

at the

University of California, Santa Barbara The University of California, Santa Barbara (UC Santa Barbara or UCSB) is a Public university, public Land-grant university, land-grant research university in Santa Barbara County, California, Santa Barbara, California with 23,196 undergraduate ...

, giving courses in

Law and Economics Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law, which emerged primarily from scholars of the Chicago school of economics. Economic concepts are used to explain the effects of laws ...

. Since October 2006, he holds the professorship "Economics of Business and Law" at the Otto-von-Guericke-University Magdeburg. In August 2007, he became a tenured professor. Since 2012 he is president of the German Law and Economics Association (Gesellschaft fuer Recht und Oekonomik e.V.).

Personal

Roland Kirstein is a supporter and member of the German soccer clubs SV

Werder Bremen Sportverein Werder Bremen von 1899 e. V. (), commonly known as Werder Bremen (), Werder or simply Bremen, is a German professional sports club based in Bremen, Bremen (state), Free Hanseatic City of Bremen. Founded on 4 February 1899, they are be ...

and 1._FC_Magdeburg.

Research areas

Game theory Game theory is the study of mathematical models of strategic interactions among rational agents. Myerson, Roger B. (1991). ''Game Theory: Analysis of Conflict,'' Harvard University Press, p.&nbs1 Chapter-preview links, ppvii–xi It has appli ...

Bargaining theory In the social sciences, bargaining or haggling is a type of negotiation in which the buyer and seller of a good or service debate the price or nature of a transaction. If the bargaining produces agreement on terms, the transaction takes plac ...

Collective Decision-Making Group decision-making (also known as collaborative decision-making or collective decision-making) is a situation faced when individuals collectively make a choice from the alternatives before them. The decision is then no longer attributable to any ...

in Organisations *

Intellectual Property Rights Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, cop ...

*Regulation of

Banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

and

Insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

Islamic Finance Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics ...

Achievements and awards

* President of th
German Law and Economics Association
since 2012, vice president 2006-2012. *Member of the steering committee (2001-2005) and the advisory board of th
European Association of Law and Economics
*Member of the following committees of the Verein für Socialpolitik: economic policy, competition, institutions. *Editorial Board of the journa
Banks and Bank Systems
*Editorial board o

*Member of the Center for the Study of Law and Economics, Saarland University. *Eduard-Martin-Award of the Saarland University for his PhD thesis.

Memberships

American Economic Association The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...

(AEA), Royal Economic Society (RES), Verein für Socialpolitik (VfS). *

American Law and Economics Association The American Law and Economics Association (ALEA), a United States organization founded in 1991, is focused on the advancement of economic understanding of law, and related areas of public policy and regulation. It promotes research in law and econo ...

(ALEA), Canadian Law and Economic Association (CLEA), Greek Association of Law and Economics (GALE), European Association of Law and Economics (EALE). *Verband der Hochschullehrer der Betriebswirtschaft e. V. (VHB), Schmalenbachgesellschaft für Betriebswirtschaft
German Economic Association for Business Administration
(GEABA).

Selected publications

*Haucap, J./Kirstein, R. (2003): Government Incentives when Pollution Permits are Durable Goods; in: Public Choice 115, 163-183. *Kirstein, R. (2000): Risk-Neutrality and Strategic Insurance. In: The Geneva Papers on Risk and Insurance. Issues and Practice 25 (2), 262-272. *Kirstein, R. (2002); The New Basle Accord, Internal Ratings, and the Incentives of Banks. In: International Review of Law and Economics 21 (4), 393-412. *Kirstein, A./Kirstein, R. (2009): Collective Wage Agreements on Fixed Wages and Piece Rates may Cartelize Product Markets. In: Journal of Institutional and Theoretical Economics 165(2), 250-259. *Kirstein, R./ Cooter, R. (2007): Sharing and Anti-Sharing in Teams. In: Economics Letters 96(3), 351-356. *Kirstein, R./Rickman, N. (2004): „Third Party Contingency“ Contracts in Settlement and Litigation. In: Journal of Institutional and Theoretical Economics 160 (4), 555-575. *Kirstein, R./Schmidtchen, D. (1997): Judicial Detection Skill and Contractual Compliance. In: International Review of Law and Economics 17 (4), 509-520. *Kirstein, R./Schmidtchen, D. (2001): Do Artists Benefit from Resale Royalties? An Economic Analysis of a New EU Directive. In: Deffains, B./Kirat, T. (eds.): Law and Economics in Civil Law Countries; The Economics of Legal Relationships Vol. 6, Elsevier Science, Amsterdam et al., 231-248. *Kirstein, R./Voigt, S. (2006): The Violent and the Weak. When Dictators Care about Social Contracts. In: American Journal of Economics and Sociology 65(4), 863-889. *Kirstein, R. / Will, B. (2006): Efficient Compensation for Employees' Inventions. In: European Journal of Law and Economics 21 (1), 129-148.

Referee reports

*''

American Economic Review The ''American Economic Review'' is a monthly peer-reviewed academic journal published by the American Economic Association. First published in 1911, it is considered one of the most prestigious and highly distinguished journals in the field of ec ...

'' *''B.E. Journals in Theoretical Economics'' *''European Economic Review'' *''European Journal of Law and Economics'' *''

German Economic Review The ''German Economic Review'' is a peer-reviewed academic journal of economics published quarterly by John Wiley & Sons on behalf of the Verein für Socialpolitik, of which it is an official journal. It was established in 2000. The current editor ...

'' *''

Homo Oeconomicus The term ''Homo economicus'', or economic man, is the portrayal of humans as agents who are consistently rational and narrowly self-interested, and who pursue their subjectively defined ends optimally. It is a word play on ''Homo sapiens'', u ...

'' *''Industrielle Beziehungen'' *''International Journal of Industrial Organization'' *''International Review of Law and Economics'' *''Journal of Cultural Economics'' *''Journal of Economic Studies'' *''Journal of Institutional and Theoretical Economics'' *''Metroeconomica'' *''Political Studies'' *''Schmalenbach Business Review'' *''

Theory and Decision Theory and Decision is a peer-reviewed multidisciplinary journal of decision science published quarterly by Springer Science+Business Media. It was first published in 1970. The current editor-in-chief is Mohammed Abdellaoui. The journal publishe ...

'' *''

Cusanuswerk The Cusanuswerk is one of the thirteen German sponsorship organizations financed by the Federal Ministry of Education and Research (Germany) to promote gifted students. It is headquartered in Bonn. History The Cusanuswerk was founded in 1956 un ...

'' *''

Deutscher Akademischer Austauschdienst The German Academic Exchange Service, or DAAD (german: Deutscher Akademischer Austauschdienst), was founded in 1925 and is the largest German support organisation in the field of international academic co-operation. Organisation ''DAAD'' is a ...

'' (DAAD) *''Studienstiftung des Deutschen Volkes'' *''

Verein für Socialpolitik The Verein für Socialpolitik (), or the German Economic Association, is an important society of economists in the German-speaking area. History The Verein was founded in Eisenach in 1872 as a response to the "social question". Among its founder ...

External links

Homepage of Prof. Kirstein, Otto-von-Guericke-University MagdeburgCenter for the Study of Law and Economics, Saarland UniversityGerman Law and Economics AssociationKirstein's papers in SSRN
{{DEFAULTSORT:Kirstein, Roland German economists Writers from Bremen (city) 1965 births Living people Law and economics scholars