SFB Workshop on Dynamic Models of Strategic Investment under Uncertainty


We thank everyone for participation and contribution to our successful workshop.


December 17 – 18, 2018, Bielefeld University

The workshop covers newest developments in the analysis of dynamic investment problems in Industrial Organization, Real Options, and related areas. The workshop is carried out within the collaborative research center 'Taming Uncertainty' (CRC1283, https://www.sfb1283.uni-bielefeld.de/Pages/home) at Bielefeld University. and is funded by the German Science Foundation in the framework of this CRC.


Plenary Speakers:

Ulrich Doraszelski (Wharton School, University of Pennsylvania)  

Dharma Kwon (University of Illinois)  





Confirmed Speakers:

Benoit Chevalier-Roignant (King’s College London)

Giorgio Ferrari (IMW Center for Mathematical Economics, Bielefeld)

Serhat Gezer (Bielefeld University)

Fausto Gozzi (Dipartimento di Economia e Finanza LUISS University)

Verena Hagspiel (Norwegian University of Science and Technology (NTNU)) / Nicola Comincioli (University of Brescia)

Nick Huberts (University of York)

K.J.M. Huismann (Tilburg University)

Maria Lavrutich (Norwegian University of Science and Technology)

Elmar Lukas (Otto-von-Guericke University Magdeburg)

Roel Nagy (Norwegian University of Science and Technology)

Claudia Nunes (CEMAT Center for Computational and Stochastic Mathematics, Lisboa)

Frank Riedel (IMW Center for Mathematical Economics, Bielefeld)

Takashi Shibata (Tokyo Metropolitan University)

Jan-Henrik Steg (IMW Center for Mathematical Economics, Bielefeld)

Jacco Thijssen (University of York)

Sergio Vergalli / Marta Castellini (University of Brescia)

Florian Wagener (Universiteit van Amsterdam)

Xingang Wen (Bielefeld University)



Hotel Bielefelder Hof
The Hotel Bielefelder Hof is close to the central station and the tram station.

Travel to the Location (Studierendenwerk Bielefeld, Mogenbreede 2 - 4, Room 1.01)

From Bielefeld central station you could take a taxi to the location (approx. 10 mins, 15 €).

If you prefer to take the tram (there is a tram station directly near the hotel) please choose the red line No. 4, direction "Lohmannshof" to Bielefeld University "Universität" (Tram Map), or if you want to go to the workshop location directly, please get off at tram stop "Bültmannshof". From there it is about 600 metres by feet (see this map).

You can also choose the bus. Here please take Line No. 62 starting from "Bielefeld Hauptbahnhof" to the university and/or the workshop location (see draft and timetable)

Tickets can be bought at every station at vending machines. The price for a one-way ticket is 2,70 € and 8,80 € for four tickets. The tickets need to be stamped inside the tram/bus.

Tickets can be bought on every station in vending machines. The price for a one-way ticket is 2.50 € and a ticket for four trips 8.40 €. Tickets are to be stamped inside the tram/bus.

Travel to Bielefeld

If you are arriving by plane, we would recommend the following airports:

  • Hannover (approx. 110 km from Bielefeld)
    Intercity trains from Hannover to Bielefeld leave at least every hour. The journey takes approx. 50 mins (it is not necessary to change trains). You can take the S-Bahn (No. 5, departs every 30 mins – duration 12 mins) or the airport tansfer bus from Hannover airport to the City Air Terminal at the train station (departures every 20/30 minutes, travel time approx. 25 mins) – or you can take a taxi.
  • Düsseldorf (approx. 190 km from Bielefeld)
    From Düsseldorf airport there are direct connections to Bielefeld. The Intercity trains (ICE) leave every half hour during day time (duration approx. 1 ¾ hours). On some connections you may have to change at Dortmund, with the connecting trains stopping at the same platform.

Here are the webpage from the German Railways (“Deutsche Bahn”): https://www.bahn.com/en/view/index.shtml

University Campus Map


New Working Paper


Hötte, K. (2019) Eurace@unibi-eco: A model of technology transitions - v1.1 Model documentation, Bielefeld Working Papers 08-2019

Invited Talk


Herbert Dawid gives an invited talk on 'Efficiency Gains of Social Influence in a Minimum Effort Game' at the Workshop on Computational and Experimental Economics in Barcelona on June 11.

New Journal Article Accepted


Bigerna, S., Hagspiel, V., Kort, P., Wen, X. (2019) Green Electricity Investments: Environmental Target and the Optimal Subsidy, European Journal of Operational Research

New Working Paper


Dawid, H., Muehlheusser, G. (2019) Smart Products: Liability, Timing of Market Introduction, and Investments in Product Safety, Bielefeld Working Paper 07-2019

Conference Presentation


Herbert Dawid will give an invited talk on 'The Effect of De-centralized Wage Setting on Growth and Inequality: The Role of Skill Heterogeneity' at the ICC-Tsinghua University Conference on 'Innovation, Macroeconomic Dynamics, Economic Development and Catch-Up' from May 23-25, 2019 in Beijing.

Newspaper Article


The daily newspaper Westfalenblatt reports on the tradition of game theoretic research at Bielefeld University featuring Herbert Dawid (Spieltheorie hat Tradition in Bielefeld)

New Working Paper


Dawid, H., Harting, Ph., Neugart, M. (2019) The Role of (De-)Centralized Wage Setting for Industry Dynamics and Economic Growth: An Agent-Based Analysis with the Eurace@Unibi Model, Bielefeld Working Paper 06_2019

New Journal Publication


Gezer, S. (2019) Delaying product introduction: A dynamic analysis with endogenous time horizon, Journal of Economic Dynamics and Control, Vol. 102, Pages 96-114

New Working Paper


Dawid, H., Mitkova, M., Zaharieva, A. (2019) Optimal Promotions of Competing Firms in a Frictional Labour Market with Organizational Hierarchies, Bielefeld Working Papers 03-2019

New Working Paper


Dawid, H., Kopel, M., Kort, P. (2019) Product Innovation With Partial Capacity Rollover, Bielefeld Working Papers No. 2-2019

New Working Paper


Alaverdyan, S., Zaharieva, A. (2019) Immigration, Social Networks and Occupational Mismatch Bielefeld Working Papers No. 4-2019

Scientific Advisory Board


Herbert Dawid has been appointed as a member of the Scientific Advisory Board of the ERC Advanced Grant project EVOCLIM. The project analyzes climate policy using a behavioral-evolutionary approach.

GROWINPRO Kick-off Meeting


On Feb. 5-6 Herbert Dawid and Philipp Harting attend the kick-off meeting in Pisa of the new EU H2020 Project GROWINPRO, in which Bielefeld University is a partner. The project analyzes mechanisms and policies fostering inclusive economic growth in times of increasing automation and globalizing value chains.

Closing Conference of the ZIF Research Group "In Search of the Global Labour Market", 31.01-01.02


The ZIF research group "In Search of the Global Labour Market" - which is a joint project with Ursula Mense-Petermann and Thomas Welskopp - will hold a large closing conference. The conference will take place in the ZIF Plenary Hall, 31.01-01.02.2019 The exact program is attached.

Poster     Programme

New Working Paper


Damdinsuren, E., Zaharieva, A. (2018) Expectation Formation and Learning in the Labour Market with On-the-Job Search and Nash Bargaining, Bielefeld Working Papers No. 10/2018.



On December 17-18, 2018 Herbert Dawid, Peter Kort (Univ. Tilburg) and Xingang Wen organized an international Workshop on ' Dynamic Models of Strategic Investment under Uncertainty'. The workshop was carried out within the collaborative research center 'Taming Uncertainty' (CRC1283, https://www.sfb1283.uni-bielefeld.de/Pages/home) at Bielefeld University. see http://www.wiwi.uni-bielefeld.de/lehrbereiche/vwl/etace/Events/

Conference Presentation


Herbert Dawid has given a talk on 'Agent-based Macroeconomics' at a conference on '10 years after the World Financial Crisis'   in Hamburg from November 16-18.

Research Presentation


Herbert Dawid has given a talk about 'Product Innovation With Partial Capacity Rollover' in a research symposium at the ceremony awarding the Research Award 2018 of the Austrian Science Association to Gustav Feichtinger (Programm)

Seminar Presentation in Mainz


Herbert Dawid will give a talk on 'Manager Remuneration, Share Buybacks and Firm Performance' on October 29, 2018 in the Faculty Seminar Series of the Gutenberg School of Management and Economics at the University of Mainz.


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