Markus Dertwinkel-Kalt

Contact Info

University of Münster
Am Stadtgraben 9
48149 Münster
Phone: +49-221-470-4434

ImprintPrivacy Policy



Markus Dertwinkel-Kalt is Professor of Behavioral and Digital Economics at the University of Münster, working on Industrial Organization and Behavioral Economics. Moreover, he is Senior Research Fellow at the MPI Bonn, CESifo Fellow, and External Lecturer at the University of Cologne. Prior to joining Münster, he was a Full Professor at the University of Konstanz and Assistant Professor (tenure track) at the Frankfurt School of Finance & Management.

Markus has published in journals such as the Review of Economic Studies, Journal of the European Economic Association, RAND Journal of Economics, Management Science, and International Economic Review.

CV of Markus Dertwinkel-Kalt (2023)


25. Salient Cues and Complexity
Markus Dertwinkel-Kalt and Mats Köster
Management Science, forthcoming

24. Why “Energy Price Brakes” Encourage Moral Hazard, Raise Energy Prices, and Reinforce Energy Savings
Markus Dertwinkel-Kalt and Christian Wey
RAND Journal of Economics, forthcoming

23. Optimal Stopping in a Dynamic Salience Model
Markus Dertwinkel-Kalt and Jonas Frey
International Economic Review, forthcoming

21. Resale Price Maintenance in a Successive Monopoly Model
Markus Dertwinkel-Kalt and Christian Wey
Journal of Industrial Economicsforthcoming

22. On Correlated Lotteries in Economic Applications
Markus Dertwinkel-Kalt, Sebastian Ebert, and Mats Köster
Journal of Economic Behavior & Organization
215, 2023, 292-306

20. Oligopolistic Third-Degree Price Discrimination When Markets Are Covered
Markus Dertwinkel-Kalt and Christian Wey
Journal of Industrial Economics71, 2023, 464-490

19. Concentration Bias in Intertemporal Choice
Markus Dertwinkel-Kalt, Holger Gerhardt, Gerhard Riener, Frederik Schwerter, and Louis Strang
Review of Economic Studies 89, 2022, 1314-1334

18. Attention to Online Sales: The Role of Brand Image Concerns
Markus Dertwinkel-Kalt and Mats Köster
Journal of Economics & Management Strategy 31, 2022, 6489
Coverage: WWU Münster

17. Evidence Production in Merger Control: The Role of Remedies
Markus Dertwinkel-Kalt and Christian Wey
Review of Industrial Organization 59, 2021, 112

16. To buy or not to buy? Price Salience in an Online Shopping Field Experiment
Markus Dertwinkel-Kalt, Mats Köster, and Matthias Sutter
European Economic Review 130, 2020, Article 103593

Coverage: Harvard Business Manager

Supplementary Material: Slides, Video Presentation

15. Salience and Skewness Preferences
Markus Dertwinkel-Kalt and Mats Köster
Journal of the European Economic Association 18, 2020, 2057-2107 (lead article)

Supplementary Material: Slides, Online Appendix, Replication (2021)

14. Multi-Product Bargaining, Bundling, and Buyer Power
Markus Dertwinkel-Kalt and Christian Wey
Economics Letters 188, 2020, Article 108936

Supplementary Material: Slides, Online Appendix

13. Incumbency Dominance in Letters to the Editor: Field Experimental Evidence
Markus Dertwinkel-Kalt, Anna Kerkhof, and Johannes Münster
Political Communication 36, 2019, 337-356

Supplementary Material: Slides

12. Attention-Driven Demand for Bonus Contracts
Markus Dertwinkel-Kalt, Mats Köster, and Florian Peiseler
European Economic Review 115, 2019, 1-24

11. Focusing and Framing of Risky Alternatives
Markus Dertwinkel-Kalt and Tobias Wenzel
Journal of Economic Behavior & Organization 159, 2019, 289-304

10. Demand Shifts Due to Salience Effects: Experimental Evidence
Markus Dertwinkel-Kalt, Katrin Köhler, Mirjam R. J. Lange, and Tobias Wenzel
Journal of the European Economic Association 15, 2017, 626–653

9. Salient Compromises in the Newsvendor Game
Markus Dertwinkel-Kalt and Mats Köster
Journal of Economic Behavior & Organization 141, 2017, 301-315

8. Exchange Asymmetries for Bads? Experimental Evidence
Markus Dertwinkel-Kalt and Katrin Köhler
European Economic Review 82, 2016, 231-241

7. Merger Remedies in Oligopoly under a Consumer Welfare Standard
Markus Dertwinkel-Kalt and Christian Wey
Journal of Law, Economics, & Organization 32, 2016, 150-179

6. The Nash Bargaining Solution in Vertical Relations with Linear Input Prices
Hamid Aghadadashli, Markus Dertwinkel-Kalt, and Christian Wey
Economics Letters 145, 2016, 291-294

5. Salience and Health Campaigns
Markus Dertwinkel-Kalt
Forum for Health Economics & Policy 19, 2016, 1-22

4. Procompetitive Dual Pricing
Markus Dertwinkel-Kalt, Justus Haucap, and Christian Wey
European Journal of Law and Economics 41, 2016, 537-557

3. Remedies as a Signaling Device
Markus Dertwinkel-Kalt and Christian Wey
Information Economics and Policy 35, 2016, 1-6

2. Violations of First-Order Stochastic Dominance as Salience Effects
Markus Dertwinkel-Kalt and Mats Köster
Journal of Behavioral and Experimental Economics 59, 2015, 42-46

1. Raising Rivals’ Cost Through Buyer Power
Markus Dertwinkel-Kalt, Justus Haucap, and Christian Wey
Economics Letters 126, 2015, 181-184

Working Papers

Skewness Preferences: Evidence from Online Poker (June 2022)
Markus Dertwinkel-Kalt, Johannes Kasinger, and Dmitrij Schneider
Revise & Resubmit at Games and Economic Behavior

What Drives Demand for Loot Boxes? An Experimental Study (February 2023)
Simon Cordes, Markus Dertwinkel-Kalt, and Tobias Werner

Defining what the relevant market is: A new method for consumer research and antitrust (January 2024)
Markus Dertwinkel-Kalt, Vincent Eulenberg, and Christian Wey

Household reduction of gas consumption in the energy crisis is not explained by individual economic incentives (December 2023)
Markus Dertwinkel-Kalt, Christoph Feldhaus, Axel Ockenfels, and Matthias Sutter


Jobs: Interested in a job at our chair, either as a student assistant or as a doctoral researcher? Then feel free to write us an email!

Dissertation: Essays on Behavioral Economics and Industrial Organization

Master thesis: Rationalisieren projektiver Moduln über Gruppenringen endlicher Gruppen