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Press release

Berlin, September 13, 2012

Paul Heidhues receives ERC grant

The European Research Council (ERC) has recently bestowed a team of researchers including ESMT Professor and Lufthansa Chair in Competition and Regulation Paul Heidhues a starting grant for five years. The team, led by Prof. Botond Köszegi of Central European University and Berkeley, will research “Behavioral Theory and Economic Applications”. In particular, Prof. Heidhues will explore the implications for market outcomes, welfare, and policy when consumers misperceive certain aspects of products or contracts. Established by the European Commission, the ERC encourages the highest quality research in Europe through competitive funding and supports frontier research across all fields on the basis of scientific excellence. In this year’s Starting Grant competition, the ERC received 4741 applications, from which only 11.3 per cent early-career top researchers have been granted funding for their research projects.

Paul Heidhues joined ESMT in September 2010 as a full professor, holder of the Lufthansa Chair in Competition and Regulation, and the director of PhD studies. Previously, he was an associate professor of economic theory at Bonn Universität and a research fellow at the Social Science Research Center Berlin (WZB). He received his Habilitation from the Humboldt Universität zu Berlin and his PhD in economics from Rice University, Houston, Texas. Prof. Heidhues researches in the areas of behavioral industrial organization, competition policy, behavioral economics, and (applied) game theory.

About ESMT

ESMT European School of Management and Technology was founded in October 2002 by 25 leading global companies and institutions. The international business school offers a full-time MBA, an executive MBA, and open enrollment and customized executive education programs. ESMT focuses on three main topics: leadership and social responsibility, European competitiveness, and the management of technology. Additionally the business school provides an interdisciplinary platform for discourse between politics, business, and academia. ESMT is based in Berlin, Germany, with an additional campus in Schloss Gracht near Cologne, where USW Netzwerk runs the German-speaking executive education programs of the business school. ESMT is a private business school, accredited by the German state, AACSB, AMBA, and FIBAA.