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               <h1>Welcome</h1>
                <h2><small>I am an associate professor at Universidad Carlos III de Madrid.<br><br> I work on Economic Theory and applications to Innovation, Technological Change, and the Law.<br><br> </small></h2><p> </p>
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              <h3>science of science</h3>
            <h4 style="color:black"> <a href="https://doi.org/10.3982/ECTA22144" style="color:white">A Quest for Knowledge </a> <small style="color:black;">(with <a target="_blank" href="http://carnehl.github.io">Christoph Carnehl</a>)</small><br>  <i style="color:black;">&mdash; Econometrica, 93(2), 2025</i></h4>
              <p style="text-align:justify"><p style="text-align:justify"> A researcher is standing on the shoulders of giants and selects a research question. Which one will she pick? How invested is she to find an answer? How does knowledge evolve? Can we improve on that evolution? <a href="https://www.econometricsociety.org/publications/econometrica/browse/2025/03/01/A-Quest-for-Knowledge/file/ecta200746.pdf" style="color:white">[ecma  (open access)]</a>,<a href="https://arxiv.org/abs/2102.13434" style="color:white"">[arXiv]</a>,<a href="QfK_presentation.pdf" style="color:white"> [slides]</a>,<a href="https://www.youtube.com/watch?v=Zk9Osb_0BYo" style="color:white" target="_blank"> [video (earlier version)]</a>, <a href="https://twitter.com/jsndr/status/1366764321494228993?s=20" style="color:white" target="_blank"> [twttr]</a>,<a href="https://uc3nomics.uc3m.es/moonshots-and-milestones/" style="color: white" target="_blank">[blog]</a>,<a href="QfK_Matlab.zip" download style="color:black" target="_blank">[matlab]</a></p>  <br>

               <h3>firms and organization</h3>
               <h4 style="color:black"><a href="https://arxiv.org/abs/2406.09734" style="color:white" target="_blank">Embracing the Enemy </a> <small style="color:black;">(with <a target="_blank" href="https://sites.google.com/view/alvarodelgadovega/">Álvaro Delgado-Vega</a>)</small><br><small style="color:black;"><i>Revise & Resubmit ReStud</i></small></h4>
               <p style="text-align:justify"> Groups in an organization compete about the <em>who</em> and the <em>how</em>. A third party can partially influence the who and cares about the how. Whom should it support?<a href="https://arxiv.org/pdf/2406.09734" style="color:white" target="_blank">[pdf]</a>,<a href="Presentation_ETE.pdf" style="color:white" target="_blank"> [slides]</a>,<a href="https://x.com/jsndr/status/1818751153716486532" style="color:white" target="_blank">[twttr]</a>,<a href="MathematicaCode_ETE.zip" style="color:black">[mathematica]</a>
                </p><br>

            <h4><a href="https://doi.org/10.1093/jeea/jvac027" style="color:white">On Risk and Time Pressure: When to Think and When to Do </a><small style="color:black;">(with <a target="_blank" href="http://carnehl.github.io">Christoph Carnehl)</a> </small><br>  <i style="color:black;">&mdash; Journal of the European Economic Association, 21, 2023</i></h4>
            <p style="text-align:justify">You have a deadline to solve a problem. When should you use whatever you have available, when should you think about new things? How often should you switch between approaches? <a href="https://arxiv.org/pdf/2111.07451v2.pdf" style="color:white" target="_blank">[arXiv]</a>,<a href="AIP_presentation.pdf" style="color:white" target="_blank">[slides]</a><a href="https://twitter.com/jsndr/status/1532698384078934017" style="color:white" target="_blank">, [twttr]</a></p><br>

             <h4><a href="https://doi.org/10.1016/j.ijindorg.2021.102764" style="color:white">  Persuading to Participate: Coordination on a Standard </a> <small style="color:black;">(with <a target="_blank" href="https://sites.google.com/site/bennibalzer1/">Benjamin Balzer</a>)</small><br><i style="color:black;">&mdash; International Journal of Industrial Organization, 78, 2021</i><br><b><small style="margin-left:20px;color:black"> IJIO Best Paper Award (Best Theoretical Paper 2021)</small></b></h4>
            <p style="text-align:justify">Coordination on standards is hard if firms have private information on the quality of their innovations. A firm can persuade a competitor to join the SSO by credibly threatening to release information about its own quality. Vaporware, Newsleakage, and Beta versions are potential business strategies to exercise the threat. <a href="InfoPunishment.pdf" style="color:white">[pdf]</a>, <a href="https://twitter.com/jsndr/status/1564183128566030336" style="color:white"> [twttr]</a> </p><br>  




            <h3>law and economics</h3>
              <h4><a href="https://onlinelibrary.wiley.com/doi/10.1111/1756-2171.12440" style="color:white"> The Wrong Kind of Information</a> <small style="color:black;">(with <a target="_blank" href="https://sites.google.com/view/adityakuvalekar">Aditya Kuvalekar</a> and <a target="_blank" href="https://www.joaoaramos.com/">Jo&atilde;o Ramos)</a></small><br>  <i style="color:black;">&mdash; RAND Journal of Eonomics, 54(2), 2023</i></h4><p style="text-align:justify"> An agent decides whether to approve a project based on his information, only a part of which is verifiable in court. Is more precise (un)verifiable information always better?  <a href="https://onlinelibrary.wiley.com/doi/epdf/10.1111/1756-2171.12440" style="color:white">[rand (open access)]</a>,<a href="https://arxiv.org/pdf/2111.04172" style="color:white">[arXiv]</a>,<a href="twki_presentation.pdf" style="color:white">[slides]</a>,<a href="https://twitter.com/adikuva/status/1561679290827034625" style="color:white">[twttr]</a>,<a href="https://uc3nomics.uc3m.es/the-wrong-kind-of-information/" style="color:white">[blog]</a></p><br>

             <h4><a href="https://onlinelibrary.wiley.com/doi/10.1111/1756-2171.12374" style="color:white"> Managing a Conflict: Optimal Alternative Dispute Resolution</a> <small style="color:black;">(with <a target="_blank" href="https://sites.google.com/site/bennibalzer1/">Benjamin Balzer)</a></small><br>  <i style="color:black;">&mdash; RAND Journal of Economics, 52, 2021</i></h4>
             <p style="text-align:justify"> Suppose some private information is relevant in a law suit only: How should we design ADR to settle outside the court?<br>
              <a href="https://onlinelibrary.wiley.com/doi/epdf/10.1111/1756-2171.12374" style="color:white">[rand  (open access)]</a>,<a href="OptimalADR.pdf" style="color:white">[wp]</a><a href="Constraint_Optimization.m" download style="color:black"><a href="https://twitter.com/jsndr/status/1408395768965255177" style="color:white" target="_blank">, [twttr]</a>, [matlab]</a></p><br>
                    
            
             
            <h4> Bankruptcy Laws and Debt Roll-Over (work in progress) <small style="color:black;">(with <a target="_blank" href="https://sites.google.com/site/floexler/research">Florian Exler</a>)</small><br><small style="color:black;font-weight:bold"></small></h4>
              <p style="text-align:justify"> If a borrower is in financial distress, he has better information whether this due to a (shorter) dry spell or because his investment is fundamentally rotten. That information is valuable to banks who have to decide whether to roll-over credit or to foreclose. Bankruptcy laws affect banks decisions and thus prices in the credit market.
               </p><br><br>

              
        
            

                  

           

            <h3>conflict management</h3>
            <h4><a href="https://doi.org/10.1016/j.geb.2023.03.012" style="color:white">  Mechanism Design with Informational Punishment </a><small style="color:black;">(with <a target="_blank" href="https://sites.google.com/site/bennibalzer1/">Benjamin Balzer)</a></small><br> <i style="color:black;">&mdash; Games and Economic Behavior, 40, 2023</i></h4>
            <p style="text-align:justify">
              A single veto can make a proposed mechanism void and enforce the play of a default game instead. When public vetoes are signals, is the threat to retaliate through information release enough to deter the deviator?  <a href="https://www.sciencedirect.com/science/article/pii/S0899825623000441/pdfft?md5=b997e7534fdd7028af9a392141a65cbb&pid=1-s2.0-S0899825623000441-main.pdf" style="color:white">[geb (open access)]</a>,<a href="https://arxiv.org/pdf/2201.01149" style="color:white">[arXiv]</a></p><br>

            <h4><a href="" style="color:white">  Belief Management in Conflict Resolution (Substantive Revision in progress) </a><small style="color:black;">(with <a target="_blank" href="https://sites.google.com/site/bennibalzer1/">Benjamin Balzer</a>&mdash; dormant)</small></h4>
            <p style="text-align:justify">
              Arbitration problems boil down to information design problems. The arbitrator always has to solve the information design problem, once she has done that, designing the arbitration problem is mechanical.  <a href="https://josndr.github.io" style="color:white">[pdf]</a></p><br>

            <h4> <a href="Sequential_Proposal_draft.pdf" style="color:white"> Persuasion, Pandering, and Sequential Proposal </a></h4>
            <p style="text-align:justify"><p style="text-align:justify"> How would an agent decide on the order of proposing projects to a principal? An accepted proposal forces the agent to work on it, once rejected it is hard to convince the principal to take up the project again. Is it wise to propose the agent-preferred project early on? Should she wait to signal that this truly is a good project? </p>  <br><br>

            
            
            <!-- <h3>learning in games</h3>
            <h4>Discriminating between Models of Learning - An Experimental Study with Intra-Team Communication (work in progress) <small style="color:black;">(with <a target="_blank" href="http://www.penczynski.de/">Stefan Penczynski</a>)</small></h4> -->
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                        2016-
                      </th>
                      <td><h4>Assistant Professor of Economics</h4>
                      Universidad Carlos III de Madrid</td>
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                    <caption style="caption-side:bottom;"><h4 style="color:black"> <br>Education</h4></caption>
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                      2016
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 <!--                    <td>
                      <h4>Ph.D. in Economics</h4>
                      University of Mannheim
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                      2011 
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                      <h4>Diploma (M.Sc. equivalent) in Economics</h4>
                      University of Freiburg
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                      <h4>Visiting Graduate Student </h4>
                      University of Bologna, Economics and  Political Sciences
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                      Microeconomics B (Bachelor, in German)
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                      Microeconomics B (Bachelor, in English)
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        				<h3><a target="_blank" href="http://nocke.vwl.uni-mannheim.de" style="color:black">Volker Nocke</a></h3>
        				<p>University of Mannheim</p>
        				<p>+49 621 181 1836<br>
        				   nocke [at] uni-mannheim.de</p>
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        				<h3><a target="_blank" href="http://thomasetroger.wordpress.com" style="color:black">Thomas Tröger</a></h3>
        				<p>University of Mannheim</p>
        				<p>+49 621 181 3423<br>
        				   troeger [at] uni-mannheim.de</p>
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      		<h3>Johannes Schneider</h3>
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                   Universidad Carlos III de Madrid<br>
                  Department of Economics<br>
                  Calle Madrid 126<br>
                  28903 Getafe, Spain<br> 
                  Phone: +34 91 624 9357<br>
      		  email: [email protected]</p>
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