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The Economics Group –
One institute, six chairs, three centers.

Working Paper Series of the Economics Group

The WHU Working Paper Series of the Economics Group is listed in the EconPapers/IDEAS/RePEc-Archive. Additionally, it is listed in the German National Library with the ISSN 2511-1159.

This series offers you an opportunity to present your research at an early stage and the chance to obtain academic feedback. To submit a paper, please contact us at rainer.rilke(at)whu.edu.

Have you ever thought about our Doctoral Program?

Are you an academically excellent and highly motivated student interested in pursuing research in economics?

We are delighted to receive applications from inspiring German and foreign candidates seeking to undertake doctoral studies in one of the fields of Economics.

Research articles - published in the most prestigious journals.

Journal of Business & Economic Statistics

Mayer, A., Massmann, M. (accepted pre-print), Least squares estimation in nonstationary nonlinear cohort panels with learning from experience, Journal of Business & Economic Statistics.

International Journal of Nursing Studies

Rheindorf, J., Schlereth, C., Hagist, C. (2025), Authors' response to “Comment on ‘Getting midwives back to hospitals: a discrete choice experiment’”, International Journal of Nursing Studies, Vol. 162, 104985.

Journal of Economic Behavior & Organization

Janz, C., Rilke, R., Yurtoglu, B. (2025), Does ESG information impact individual investors’ portfolio choices?, Journal of Economic Behavior & Organization, Vol. 234, 107007.

Contemporary Accounting Research

Motivating low performers with input-based relative performance feedback - evidence from a field experiment

Rilke, R., Van Pelt, V., Lehnen, S., Günther, C. (2025), Motivating low performers with input-based relative performance feedback, Contemporary Accounting Research, Vol. 42 (4), pp. 2494-2522.

Journal of Small Business Management

Gottschalck, N., Branner, K., Rolan, L., Kellermanns, F. (2024), Cross-level effects of entrepreneurial orientation and ambidexterity on the resilience of small business owners, Journal of Small Business Management, Vol. 62 (1), pp. 103-139.

Small Business Economics

What’s your reference point?

Stommel, E., Gottschalck, N., Hack, A., Eddleston, K., Kellermanns, F., Kraiczy, N. (2024), What’s your reference point? How price volatility and organizational context affect the reference points of family and nonfamily managers, Small Business Economics, Vol. 63 (2), pp. 805–829.

International Journal of Nursing Studies

Rheindorf, J., Hagist, C., Schlereth, C., Petry, H. (2024), Getting midwives back to hospitals: a discrete choice experiment, International Journal of Nursing Studies, Vol. 157, 104813.

Energy and Buildings

Rochlitz, F., Hagist, C. (2024), Determinants for energy-efficient housing adoption – a scoping review for owner-occupants in Germany, Energy and Buildings, Vol. 311, 114093.

The Economic Journal

Leib, M., Köbis, N. C., Rilke, R., Hagens, M., Irlenbusch, B. (2024), Corrupted by algorithms? How AI-generated and human-written advice shape (dis)honesty, The Economic Journal, Vol. 134 (658), pp. 766–784.

Journal of Business Ethics

Reggiani, T., Rilke, R. (2024), Designing donation incentive contracts for online gig workers, Journal of Business Ethics, Vol. 190 (3), pp. 553–568.

Journal of Behavioral and Experimental Economics

Huynh, T. L. D., Stratmann, P., Rilke, R. (2024), No influence of simple moral awareness cues on cheating behaviour in an online experiment, Journal of Behavioral and Experimental Economics, Vol. 108, 102126.

Management Science

Fišar, M., Greiner, B., Huber, C., Katok, E., Ozkes, A. I., Et Al. (2024), Reproducibility in management science, Management Science, Vol. 70 (3), pp. 1343-1356.

Journal of Family Business Strategy

Gottschalck, N., Rolan, L., Kellermanns, F. (2023), The continuance commitment of family firm CEOs, Journal of Family Business Strategy, Vol. 14 (4), 100568.

Journal of Economic Behavior & Organization

Dohmen, T., Shvartsman, E. (2023), Overexertion of effort under working time autonomy and feedback provision, Journal of Economic Behavior & Organization, Vol. 212, pp. 1255-1266.

Applied Economics Letters

Burden, D., Fendel, R., Zimmermann, L. (2023), Does forward guidance of the ECB matter for the accuracy of private sector inflation forecasts?, Applied Economics Letters, Vol. 30 (9), pp. 1213-1217.

Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik

Verglüht der Stern der Modern Monetary Theory?

Fendel, R., Schmidt, A. (2023), Verglüht der Stern der Modern Monetary Theory? Is the star of modern monetary theory burning out?, Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik, Vol. 103 (1), pp. 48-54.

Das Wirtschaftsstudium

Klimawandel: Finanzstabilität und Geldpolitik

Fendel, R. (2023), Klimawandel: Finanzstabilität und Geldpolitik, Das Wirtschaftsstudium, Vol. 8-9, pp. 875-879.

JMIR Human Factors

Heidel, A., Hagist, C., Spinler, S., Schöneberger, M. (2023), Removing dust from the German health care system by introducing health apps into standard care: semistructured interview study, JMIR Human Factors, Vol. 10, e42186.

PharmacoEconomics

Hofbauer-Milan, V., Fetzer, S., Hagist, C. (2023), How to predict drug expenditure: a Markov model approach with risk classes, PharmacoEconomics, Vol. 41 (5), pp. 561–572.

Gesundheitsökonomie & Qualitätsmanagement

Petry, H., Hagist, C., Rheindorf, J. (2023), Ja zur Geburtshilfe – aber nicht unter ärztlicher Leitung: ein Discrete Choice Experiment zur Analyse der Jobpräferenzen von Hebammen in Deutschland, Gesundheitsökonomie & Qualitätsmanagement, Vol. 28 (6), pp. 272-278.

Experimental Economics

Fischer, M., Rilke, R., Yurtoglu, B. (2023), When, and why, do teams benefit from self-selection?, Experimental Economics, Vol. 26 (4), pp. 749–774.

Economies : Open Access Journal

Kostin, K. B., Fendel, R., Wild, F. (2022), Comparing the situation of FinTech start-ups in Russia and Germany through equity investments, Economies : Open Access Journal, Vol. 10 (2), 33.

BMC Health Services Research

Von Wedel, P., Hagist, C. (2022), Physicians’ preferences and willingness to pay for artificial intelligence-based assistance tools: a discrete choice experiment among german radiologists, BMC Health Services Research, Vol. 22 (1), 398.

Journal of Medical Internet Research

Von Wedel, P., Hagist, C., Liebe, J.-D., Esdar, M., Hübner, U., Pross, C. (2022), Effects of hospital digitization on clinical outcomes and patient satisfaction: nationwide multiple regression analysis across German hospitals, Journal of Medical Internet Research, Vol. 24 (11), e40124.

Global Finance Journal

Fendel, R., Neumann, C. (2021), Tail risk in the european sovereign bond market during the financial crises: detecting the influence of the European Central Bank, Global Finance Journal, Vol. 50, 100505.

Journal of Business & Economic Statistics

Mayer, A., Massmann, M. (accepted pre-print), Least squares estimation in nonstationary nonlinear cohort panels with learning from experience, Journal of Business & Economic Statistics.

International Journal of Nursing Studies

Rheindorf, J., Schlereth, C., Hagist, C. (2025), Authors' response to “Comment on ‘Getting midwives back to hospitals: a discrete choice experiment’”, International Journal of Nursing Studies, Vol. 162, 104985.

Journal of Economic Behavior & Organization

Janz, C., Rilke, R., Yurtoglu, B. (2025), Does ESG information impact individual investors’ portfolio choices?, Journal of Economic Behavior & Organization, Vol. 234, 107007.

Contemporary Accounting Research

Motivating low performers with input-based relative performance feedback - evidence from a field experiment

Rilke, R., Van Pelt, V., Lehnen, S., Günther, C. (2025), Motivating low performers with input-based relative performance feedback, Contemporary Accounting Research, Vol. 42 (4), pp. 2494-2522.

Journal of Small Business Management

Gottschalck, N., Branner, K., Rolan, L., Kellermanns, F. (2024), Cross-level effects of entrepreneurial orientation and ambidexterity on the resilience of small business owners, Journal of Small Business Management, Vol. 62 (1), pp. 103-139.

Small Business Economics

What’s your reference point?

Stommel, E., Gottschalck, N., Hack, A., Eddleston, K., Kellermanns, F., Kraiczy, N. (2024), What’s your reference point? How price volatility and organizational context affect the reference points of family and nonfamily managers, Small Business Economics, Vol. 63 (2), pp. 805–829.

International Journal of Nursing Studies

Rheindorf, J., Hagist, C., Schlereth, C., Petry, H. (2024), Getting midwives back to hospitals: a discrete choice experiment, International Journal of Nursing Studies, Vol. 157, 104813.

Energy and Buildings

Rochlitz, F., Hagist, C. (2024), Determinants for energy-efficient housing adoption – a scoping review for owner-occupants in Germany, Energy and Buildings, Vol. 311, 114093.

The Economic Journal

Leib, M., Köbis, N. C., Rilke, R., Hagens, M., Irlenbusch, B. (2024), Corrupted by algorithms? How AI-generated and human-written advice shape (dis)honesty, The Economic Journal, Vol. 134 (658), pp. 766–784.

Journal of Business Ethics

Reggiani, T., Rilke, R. (2024), Designing donation incentive contracts for online gig workers, Journal of Business Ethics, Vol. 190 (3), pp. 553–568.

Journal of Behavioral and Experimental Economics

Huynh, T. L. D., Stratmann, P., Rilke, R. (2024), No influence of simple moral awareness cues on cheating behaviour in an online experiment, Journal of Behavioral and Experimental Economics, Vol. 108, 102126.

Management Science

Fišar, M., Greiner, B., Huber, C., Katok, E., Ozkes, A. I., Et Al. (2024), Reproducibility in management science, Management Science, Vol. 70 (3), pp. 1343-1356.

Journal of Family Business Strategy

Gottschalck, N., Rolan, L., Kellermanns, F. (2023), The continuance commitment of family firm CEOs, Journal of Family Business Strategy, Vol. 14 (4), 100568.

Journal of Economic Behavior & Organization

Dohmen, T., Shvartsman, E. (2023), Overexertion of effort under working time autonomy and feedback provision, Journal of Economic Behavior & Organization, Vol. 212, pp. 1255-1266.

Applied Economics Letters

Burden, D., Fendel, R., Zimmermann, L. (2023), Does forward guidance of the ECB matter for the accuracy of private sector inflation forecasts?, Applied Economics Letters, Vol. 30 (9), pp. 1213-1217.

Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik

Verglüht der Stern der Modern Monetary Theory?

Fendel, R., Schmidt, A. (2023), Verglüht der Stern der Modern Monetary Theory? Is the star of modern monetary theory burning out?, Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik, Vol. 103 (1), pp. 48-54.

Das Wirtschaftsstudium

Klimawandel: Finanzstabilität und Geldpolitik

Fendel, R. (2023), Klimawandel: Finanzstabilität und Geldpolitik, Das Wirtschaftsstudium, Vol. 8-9, pp. 875-879.

JMIR Human Factors

Heidel, A., Hagist, C., Spinler, S., Schöneberger, M. (2023), Removing dust from the German health care system by introducing health apps into standard care: semistructured interview study, JMIR Human Factors, Vol. 10, e42186.

PharmacoEconomics

Hofbauer-Milan, V., Fetzer, S., Hagist, C. (2023), How to predict drug expenditure: a Markov model approach with risk classes, PharmacoEconomics, Vol. 41 (5), pp. 561–572.

Gesundheitsökonomie & Qualitätsmanagement

Petry, H., Hagist, C., Rheindorf, J. (2023), Ja zur Geburtshilfe – aber nicht unter ärztlicher Leitung: ein Discrete Choice Experiment zur Analyse der Jobpräferenzen von Hebammen in Deutschland, Gesundheitsökonomie & Qualitätsmanagement, Vol. 28 (6), pp. 272-278.

Experimental Economics

Fischer, M., Rilke, R., Yurtoglu, B. (2023), When, and why, do teams benefit from self-selection?, Experimental Economics, Vol. 26 (4), pp. 749–774.

Economies : Open Access Journal

Kostin, K. B., Fendel, R., Wild, F. (2022), Comparing the situation of FinTech start-ups in Russia and Germany through equity investments, Economies : Open Access Journal, Vol. 10 (2), 33.

BMC Health Services Research

Von Wedel, P., Hagist, C. (2022), Physicians’ preferences and willingness to pay for artificial intelligence-based assistance tools: a discrete choice experiment among german radiologists, BMC Health Services Research, Vol. 22 (1), 398.

Journal of Medical Internet Research

Von Wedel, P., Hagist, C., Liebe, J.-D., Esdar, M., Hübner, U., Pross, C. (2022), Effects of hospital digitization on clinical outcomes and patient satisfaction: nationwide multiple regression analysis across German hospitals, Journal of Medical Internet Research, Vol. 24 (11), e40124.

Global Finance Journal

Fendel, R., Neumann, C. (2021), Tail risk in the european sovereign bond market during the financial crises: detecting the influence of the European Central Bank, Global Finance Journal, Vol. 50, 100505.

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