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Date: Sep 07, 2020

Three ERC Starting Grants for Bonn Economists

Starting Grants from the European Research Council (ERC) are highly coveted because they provide young scientists with funding of up to 1.5 million euros within five years. Three economists from the department of economics at the University of Bonn and the Behavior and Inequality Research Institute (briq) are now receiving this funding. The winners are also members of the ECONtribute clusters of excellence: Markets & Public Policy and the Hausdorff Center for Mathematics (HCM).

Prof. Dr. Francesc Dilmé works at the Institute for Microeconomics at the University of Bonn and is a member of the ECONtribute clusters of excellence, the Hausdorff Center for Mathematics and a cross-locational collaborative research center with Mannheim. With the ERC Starting Grant, he wants to investigate price negotiations in dynamic markets: "The aim is to create a new systematic analysis of markets where market participants have different levels of information.
With EU funding, Dilmé sees himself in a position to attract leading researchers from his field to Bonn and to have more time for his research. "With the Starting Grant, I can contribute to understanding how information is transmitted through prices in decentralized markets, such as real estate and financial markets," he says. He also wants to investigate the efficiency of these markets and assess the effectiveness of different regulations.
Dilmé studied physics and mathematics in Barcelona (Spain) before graduating in economics at the London School of Economics (England) and earned a doctorate at the University of Pennsylvania (USA). He joined the University of Bonn in 2013 and has been a professor there since 2019. In 2017, he spent a six-month research stay at the University of California, Berkeley.
New possibilities of data analysis
Prof. Dr. Joachim Freyberger from the Institute for Finance and Statistics at the University of Bonn is a member of the Hausdorff Center for Mathematics and intends to use his Starting Grant for the development of new statistical methods. "The increasing availability of large data sets and at the same time the greatly increased computing power of computers offer new possibilities for analyzing data," says Freyberger. In various applications, the new methods should lead to more reliable conclusions.
With the help of EU funding, he wants to network even more closely with international scientists and train doctoral students.
Born in Bonn, Freyberger studied Econometrics and Operations Research in Maastricht (Netherlands) and earned his doctorate in economics at Northwestern University (USA). After six years at the University of Wisconsin (USA), Freyberger has been a professor at the University of Bonn since 2019.
How does our memory influence opinions and expectations?
Economics assumes that people act with foresight. Decisions depend on individual ideas and expectations - for example, when buying shares. "The aim of the project is to better understand the opinion and expectation formation process," says Prof. Dr. Florian Zimmermann. "The approach here is to use insights from memory research.
The researcher works at the Behavior and Inequality Research Institute (briq), at the University of Bonn and is a member of the cluster ECONtribute. The project, which is funded by the ERC with a Starting Grant, is based on the assumption that when forming opinions and expectations, the memory is often intuitively asked what knowledge and experience already exists on a particular topic. "Individual decisions based on opinions and expectations can also have an important influence on macroeconomic developments and crises," says the researcher.
Zimmermann studied economics in Mannheim and at the University of California, Los Angeles (USA) and received his doctorate at the Bonn Graduate School of Economics (BGSE) at the University of Bonn. After research stays at the University of California, San Diego, and Harvard University and a postdoctoral period at the University of Zurich, he joined briq in 2017, where he has been a professor since 2019.
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