Prof. Dr. Bernhard Eckwert


Prof. Dr. Bernhard Eckwert

Bielefeld University
Department of Economics
P.O. Box 10 01 31
33501 Bielefeld

Room: V8-241
Phone: (+49) (0)521 106 5119
Fax: (+49) (0)521 106 6416

Office: Sabine Kuhlmann

E-Mail: beckwert@wiwi.uni-bielefeld.de

Office hour: Thursday, 6:00 - 7:00 pm

During the semester break please confirm appointments during office hours with the office. Alternatively appeal via e-mail to lstbeckwert@wiwi.uni-bielefeld.de.

Research Interests

  • Theory of Capital Markets
  • Economics of Information
  • Endogenous Growth


The Role of Colleges within the Higher Education Sector (with Itzhak Zilcha), forthcoming in: Economic Theory

Market Transparency and International Allocation of Capital (with Udo Broll and Keith K. P. Wong), forthcoming in: Asia-Pacific Journal of Regional Sciences

Student loans: When is Risk Sharing desirable? (with Itzhak Zilcha), International Journal of Economic TheoryVol. 13, 2017, 217-231.

The Economics of Screening and Risk Sharing in Higher Education (with Itzhak Zilcha), Academic Press Elsevier, 2015.

Information and the Dispersion of Posterior Expectations (with Nikolai Brandt, Burkard Dress and Felix Várdy), Journal of Economic TheoryVol. 154, 2014, 604-611.

Transparency and Risk Sharing in International Trade (with Udo Broll and Kit Pong Wong), The Manchester School, 82 (6), 2014, 716-731.

Higher Education: Subsidizing Tuition versus Subsidizing Student Loans (with Itzhak Zilcha), Journal of Public Economic Theory, 16 (6), 2014, 835-853.

Information and Output in Agricultural Markets: The Role of Market Transparency (with Christian Ahlers and Udo Broll), Agricultural and Food Economics, vol. 1:15, 2013.

Cheap Money and Risk Taking: Opacity Versus Fundamental Risk, (with Burkhard Drees and Felix Várdy), European Economic Review 62, 2013, 114-129.

Financial Intermediation and Endogenous Risk in the Banking Sector, (with Udo Broll and Andreas Eickhoff), Economic Modelling 29, 2012, 1618-1622.

Private Investment in Higher Education: Comparing Alternative Funding Schemes, (with Itzhak Zilcha), Economica  79 , 2012, 76-96.

Improvement in Information and Private Investment in Education, (with Itzhak Zilcha), Journal of Economic Dynamics and Control, 34(4), 2010, 585-597.

Implications of More Precise Information for Technological Development and Economic Welfare (with Burkhard Drees) Journal of Economic Dynamics and Control, 34(2), 2010, 266-279.

Modelling Information and Hedging: The Exporting Firm, (with Udo Broll), Economic Modelling, 26, 2009, 974-977.

A Futures Market for International Trade, (with Udo Broll), Trade and Development Review, 2, 2009, 1-8

The Competitive Firm Under Price Uncertainty: The Role of Information and Hedging, (with Udo Broll), Decisions in Economics and Finance, 31, 2008, 1-11.

Efficiency of Screening and Labor Income Inequality, (with Itzhak Zilcha), Journal of Public Economic Theory, 10(1), 2008, 77-98.

The Effect of Better Information on Income Inequality, (with Itzhak Zilcha), Economic Theory, 32, 2007, 287-307.

Rationally Mispriced Assets in Equilibrium, (with Andreas Szczutkowski), Spanish Economic Review, 8, 2006, 285-299.

Transparency in the Interbank Market and the Volume of Bank Intermediated Loans, (with Udo Broll), International Journal of Economic Theory, 2, 2006, 123-133.

Transparency in the Foreign Exchange Market and the Volume of International Trade, (with Udo Broll), Review of International Economics, 14(4), 2006, 571-581.

Economic Implications of Better Information in a Dynamic Framework, (with Itzhak Zilcha), Economic Theory, 24, 2004, 561-581.

Welfare Effects of Transparency in Foreign Exchange Markets: The Role of Hedging Opportunities, (with Burkhard Drees), Review of International Economics, 11(3), 2003, 453-463.

Incomplete Risk Sharing Arrangements and the Value of Information, (with Itzhak Zilcha), EconomicTheory, 21, 2003, 43-58.

The Value of Information in Production Economies, (with Itzhak Zilcha), Journal of Economic Theory, 100, 2001, 172-186.

Market Structure and Multiperiod Hedging, (with Udo Broll), International Review of Economics and Finance, 9, 2000, 291-298.

Leverage and the Price Volatility of Equity Shares in Equilibrium, (with Burkhard Drees), The Quarterly Review of Economics and Finance, 40, 2000, 155-167.

Price Volatility and Risk with Non-Separability of Preferences, (with Burkhard Drees), Mathematical Social Sciences, 39(1), 2000, 21-34.

Exchange Rate Volatility and International Trade, (with Udo Broll), Southern Economic Journal, 66(1), 1999, 178-185.

Exports and Indirect Hedging of Foreign Currency Risk, (with Udo Broll), Japanese Economic Review, 50(3), 1999, 356-362.

International Trade and the Risk Premium in the Currency Forward Market, (with Udo Broll), Journal of Economic Integration, 13(4), 1998, 663-674.

Export and Hedging Decision With State Dependent Utility, (with Udo Broll), International Review of Economics and Finance, 7(3), 1998, 247-253.

Intrinsic Bubbles and Asset Price Volatility, (with Burkhard Drees), Economic Theory, 9(3), 1996, 499-510.


Vortrag im Kolloquium des ZeSt


Am 29.10.2019 trägt Anna-Kaisa Ylitalo zum Thema "Analysis of wolf movements during pup-rearing season" im Rahmen des Kolloquiums des Zentrums für Statistik vor.

Economics Theory Lunch Seminar


Am Freitag, 18.10.2019 spricht Max Nendel (Bielefeld University) zum Thema "Efficient computation of price bounds under model uncertainty in a Markovian setting".

Präsentationen zum Aufbau des Masterstudiengangs Wirtschaftswissenschaften verfügbar


Präsentationsunterlagen der Begrüßung der neuen Studierenden im Masterstudiengang Wirtschaftswissenschaften vom 7. Oktober 2019 stehen nun zur Verfügung.

Orientierungsphase für Erstsemester


Am 7. Oktober 2019 startet um 8 Uhr im Hörsaal H5 und H6 die O-Phase für Erstsemester des Bachelors Wirtschaftswissenschaften und endet am 10. Oktober 2019 gegen 13 Uhr.