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Prof. Dr. Elisabeth Schulte

Institutional Economics
Barfüßertor 2, 35037 Marburg
Phone: +49 (0) 6421-28-23080
Email: elisabeth.schulte[at]wiwi.uni-marburg.de

Elisabeth Schulte is professor of Institutional Economics. Her main research interest is devoted to understanding the link between the design of the institutional framework that governs the interaction within a group and the degree of information usage within the group. Bounded rationality, preference heterogeneity among group members, and time constraints are obstacles to efficient information generation and information revelation.

Elisabeth Schulte’s research aims to shed light on their consequences for efficient information usage within a given institutional framework on the one hand, and to identify institutional arrangements that favor informed decision making on the other hand. She analyzes strategic information acquisition and communication behavior from a formal-theoretical perspective. Taking into account political-economy constraints on institutional change, she is interested in mechanisms to extract and to aggregate decentralized bits of information.