Stephanie Rosenkranz





Prof. Dr. Stephanie Rosenkranz
Professor Multidisciplinary Microeconomics
Utrecht School of Economics
Kriekenpitplein 21-22
3584 EC Utrecht
The Netherlands


Education and degrees


B.A. Business Economics, Technical University of Berlin


M.A. Economics and Business Economics, University of Cologne


Ph.D. Economics, Humboldt University of Berlin


Habilitation (Venia Legendi for Economic Theory), University of Bonn


Academic positions

Sep. 2008 –

Professor, Utrecht School of Economics,  Multidisciplinary Microeconomics

Sep. 2007 –

Director Undergraduate School, Utrecht School of Economics

Jan. 2005 –

Principal investigator in the UU-Hipo program “Dynamics of Cooperation Networks, and Institutions” (Dyconi), with Vincent Buskens

Aug. 2003 – Aug. 2008

Associate professor, Utrecht School of Economics, Microeconomic Theory

Dec. 2002 – July 2003

Assistant professor, Utrecht School of Economics, Microeconomic Theory

Oct. 1997 – Nov. 2002

Assistant professor, Microeconomic Theory University of Bonn, Department of Economics

July 1996 – March 1997

Post-doc, Kellogg Graduate School of Management, Northwestern University, Chicago (Fellowship of the German Marshall Fund of the United States)

Jan. 1996 – Sept. 1997

Research fellow, Science Center Berlin (WZB), Research Unit 'Market Processes and Corporate Development'

Feb. 1992 – Dec. 1995

Doctoral fellow, Science Center Berlin (WZB), Research Unit 'Market Processes and Corporate Development'

Sep. 1990 – Jan. 1992

Research assistant, German Institute for Economic Research (DIW), Department for Industry and Technology




Current research project

Project leader of the High Potential Program "Dynamics of Cooperation, Networks and Institutions" (Dyconi) of the University of Utrecht granted in 2004, together with Vincent Buskens (ICS, UU).  This program studies network formation and cooperation under different institutional arrangements. The aim of the program is to develop innovative theory on the emergence and stability of cooperative relations and to test this theory with complementary data from experiments and research on alliance formation among firms. The program integrates theoretical, experimental, and field research approaches from economics and sociology. Theoretically, we combine game-theoretic models and agent-based simulations with sociological theories on the advantages of certain social network positions. Experiments in which partner choice and cooperative behaviour can be studied dynamically provide a rigorous test of our theories. Alliance formation among firms is chosen as an application on the interface of organizational sociology and industrial economics in order to test the theory in the field.


Scientific publications

Journal Articles

o    Network structure and strategic investments: An experimental analysis, (with Utz Weitzel) Games and Economic Behavior,  Vol. 75(2), pages 898-920.

o    Exploiting opportunities at all cost? Entrepreneurial intent and externalities (with Diemo Urbig, Utz Weitzel, and Arjen van Witteloostuijn), The Journal of Economic Psychology, 2012, Vol. 33(2), 379-393

o    Listening Without Understanding: Central Bank Transparency, Financial Markets and the Crowding Out of Private Information (with Clemens Kool and Menno Middeldorp), Journal of Money, Credit and Banking, 2011, Vol. 43 (4), 765–774

o    Why Suggested Non-Binding Retail Prices, (with Clemens Puppe), Economica, forthcoming

o    Effects of Coordinated Strategies on Product and Process Innovation and R&D Performance (with Elena Cefis and Utz Weitzel), The Journal of Economics, 2009, Vol. 96 (3), 193-222 , 0931-8658 (Print) 1617-7134 (Online)

o    Reserve Prices in Auctions as Reference Points (with Patrick Schmitz), The Economic Journal, 2007, Vol. 117 (520), 637 – 653.

o    Can Coasean Bargaining Justify Pigouvian Taxation?, (with Patrick Schmitz), Economica, 2007, Vol. 74 (296) , 573 – 585.

o    Strategic Positioning of Alliances, (with Utz Weitzel), International Journal of the Economics of the Business, 2007, Vol. 14 (1), 135 –  149.

o    Joint ownership and incomplete contracts: The case of perfectly substitutable investments, (with Patrick Schmitz), Schmalenbach Business Review, 2004, Vol. 56, 72-89.

o    Simultaneous choice of process and product innovation when consumers have a preference for product variety, Journal of Economic Behavior and Organization, 2003, Vol. 50, No. 2, 183-201.

o    Optimal allocation of ownership rights in dynamic R&D alliances, (with Patrick Schmitz), Games and Economic Behavior, 2003, Vol. 43, 153 – 173.

o    Netzwerkbildung und Gründungserfolg, (with Peter Witt), Zeitschrift für Betriebswirtschaft, Ergänzungsheft 5, 2002, 85 – 105.

o    To reveal or not to reveal - Know-how disclosure and joint ventures in procurement auctions, Journal of Institutional and Theoretical Economics, 2001, Vol. 157, No. 4., 555-567.

o    Know-how disclosure and incomplete contracts (with Patrick Schmitz), Economics Letters, Vol. 63, 1999, 181-185.

o    Quality improvements and the incentive to leapfrog, International Journal of Industrial Organization, 1997, Vol. 15, No.2, 243 – 262.

o    Innovation and cooperation under vertical product differentiation, International Journal of Industrial Organization, 1995, Vol.13, No.1, 1995, 1-22.


Books and Contributions

o    Alliances between Wholesalers and Retailers in the Fresh Vegetable Industry, (with Koot, Wouter B., and Jo H.M. Wijnands., page 269-286. in: International agri-food chains and networks Management and organization. Edited by W.J.J. Bijman, S.W.F. Omta, J.H. Trienekens, J.H.M. Wijnands and E.F.M. Wubben. Wageningen Academic Publishers, 2006.

o    Cooperation for Product Innovation”, 1996, Berlin: Ed. Sigma.

o    Intellectual Property Rights and Global Competition - Towards a new Synthesis, (with Horst Albach),1995, Berlin: Ed. Sigma.

o    Vertikale Unternehmensbeziehungen, (with Patrick Schmitz), in: Die Prinzipal-Agenten-Theorie in der Betriebswirtschaft, Ed. P.-J. Jost, Schäffer-Poeschel Verlag Stuttgart, 2001.


Discussion Papers

o    Central Bank Transparency and the Crowding Out of Private Information in an Experimental Asset Market (with Menno Middeldorp), 2011, Federal Reserve Bank of New York Staff Reports, no. 487

o    Breaking and entering’ of contracts as a matter of bargaining power and exclusivity clauses (with Utz Weitzel), 2011, Discussion Paper No. 11-06. Tjalling C. Koopmans Institute

o   Three is a crowd: The n-player electronic mail game, (with Kris de Jaegher), 2009, Discussion Paper No. 09-06, Tjalling C. Koopmans Institute.

o    Horn’s Rule: An experimental analysis, (with Kris de Jaegher and Utz Weitzel), 2008, Discussion Paper No. 08-27, Tjalling C. Koopmans Institute.

o   Crowding out in an indefinitely repeated Asymmetric Trust Game, (with Thomas Dirkmaat and Vincent Buskens) (2006), Discussion Paper No. 06-21, Tjalling C. Koopmans Institute

o    Dynamics of Cooperation, Networks, and Institutions, ISCORE paper, 6 pp. (2004), (with Vincent Buskens)

o    Is it Trust We Model: An Attempt to Calculate the Non-Calculative, Discussion Paper No. 5067, May 2005, Center of Economic Policy Research (with Utz Weitzel)

o    Manufacturer's Suggested Retail Prices, Discussion Paper No. 3954, June 2003, Center of Economic Policy Research.

o    To reveal or not to reveal - the case of research joint ventures with two-sided incomplete information, Discussion Paper No. 1985, Dec. 1998, Center of Economic Policy Research.

o    Simultaneous Choice of Non-Drastic Process and Product Innovation, Discussion Paper No. 1321, Jan. 1996, Center of Economic Policy Research.

o    Strategic Quality Improvement in a Vertically Differentiated Industry, 1994, Discussion Paper FS IV 94-11, Wissenschaftszentrum Berlin.



Book Reviews

  • Abhinay Muthoo (1999) Bargaining Theory with Applications, (with Patrick Schmitz), Public Choice, 113, 3-4, p. 491-495, 2002.


Work in progress

  • Economic laboratory experiment on the law of the few” with Vincent Buskens, Sanjeev Goyal, and Utz Weitzel, 2012
  • “Personality and delegation games”, with Bastian Westbrock, Utz Weitzel, Arjen van Witteloostuijn 2012
  • “Information acquisition in an experimental asset market”, with Menno Middeldorp, 2008
  • “Crowding-out of trust in an finitely repeated trust game – An experiment”, with Thomas Dirkmaat, 2007





For comments please contact:
Stephanie Rosenkranz