Axel Ockenfels is a German

Germany

Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

 economist

Economist

An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...

. He is currently professor of political economics at the University of Cologne

University of Cologne

The University of Cologne is one of the oldest universities in Europe and, with over 44,000 students, one of the largest universities in Germany. The university is part of the Deutsche Forschungsgemeinschaft, an association of Germany's leading research universities...

.

Ockenfels received his Diplom

Diplom

A Diplom is an academic degree in the German-speaking countries Germany, Austria, and Switzerland and a similarly named degree in some other European countries including Belarus, Bosnia and Herzegovina, Croatia, Estonia, Finland , Greece, Hungary, Russia, Serbia, Macedonia, Slovenia, and Ukraine...

 in economics from the University of Bonn

University of Bonn

The University of Bonn is a public research university located in Bonn, Germany. Founded in its present form in 1818, as the linear successor of earlier academic institutions, the University of Bonn is today one of the leading universities in Germany. The University of Bonn offers a large number...

 in 1994, where he studied under Reinhard Selten

Reinhard Selten

-Life and career:Selten was born in Breslau in Lower Silesia, now in Poland, to a Jewish father, Adolf Selten, and Protestant mother, Käthe Luther. For his work in game theory, Selten won the 1994 Nobel Memorial Prize in Economic Sciences...

. He earned his doctoral degree in economics from the Otto-von-Guericke University Magdeburg in 1998, where his doctoral advisor was Joachim Weimann

Joachim Weimann

Joachim Weimann is a German economist. He currently the chair for political economy at the Otto-von-Guericke University Magdeburg. Weimann's research interests include environmental economics and economic policy....

.

Renowned for his research on game theory

Game theory

Game theory is a mathematical method for analyzing calculated circumstances, such as in games, where a person’s success is based upon the choices of others...

 and experimental economics

Experimental economics

Experimental economics is the application of experimental methods to study economic questions. Data collected in experiments are used to estimate effect size, test the validity of economic theories, and illuminate market mechanisms. Economic experiments usually use cash to motivate subjects, in...

, Ockenfels is considered one of most influential German economists and has published in prestigious journals such as the Journal of Public Economics and American Economic Review

American Economic Review

The American Economic Review is a peer-reviewed academic journal of economics publishing seven issues annually by the American Economic Association. First published in 1911, it is considered one of the most prestigious journals in the field. The current editor-in-chief is Penny Goldberg . The...

. His "Theory of Equity, Reciprocity, and Competition" (co-authored with Gary E. Bolton) is one of the most cited papers in economics.

External links

• Website at the University of Cologne