Paul Pezanis-Christou

Associate Professor Paul Pezanis-Christou

Associate Professor

School of Economics and Public Policy

Faculty of the Professions

Eligible to supervise Masters and PhD - email supervisor to discuss availability.


Paul joined the School in November 2012 and previously held positions at the Institute of Economic Analysis (CSIC, Barcelona), the University of Strasbourg and the University of New South Wales.

Research Interests

I am working in the fields of behavioural and experimental economics, applied game theory and industrial organisation with a focus on auction markets and market design issues. My research deals with the theoretical modelling and the experimental assessment of behaviour in:

  • Single- and multi-unit auctions such as auctions for perishables, Treasury bonds, telecommunication licenses, real estate, oil fields, artwork, etc. I am particularly interested in understanding how people bid in such auctions, how can sellers improve their revenues, how to ensure an efficient allocation of goods, what type of information do buyers have about each other or about the commodities that are ‘on the block’ and how does it affect their behaviour, the formation of prices and/or the seller’s revenue.
  • Congestion games such as ‘market-entry’ games and the ‘El Farol’ bar problem.
  • Oligopoly markets such as the market for electricity, the effects of forward contracting and the conditions under which collusive-type of behaviours are likely to be observed.
  • Groups such as firms which may have a vertical or a horizontal organisational structure, and how their structure affects ethical behaviour.
  • Alternating-offer bargaining type of situations and takeover games.
  • Unspecified environments which call for a trade-off between the exploration and the exploitation of possible alternatives and pattern-learning.
    Expand
  • Appointments

    Date Position Institution name
    2004 - 2010 Associate Professor University of Strasbourg
    2000 - 2004 Research Officer Consejo Superior de Inverstigaciones Cientificas (CSIC)
    1999 - 2000 Fellow of the EU ENDEAR Program Pompeu Fabra University
    1998 - 1999 Fellow of the EU ENDEAR Program University of Bonn
    1995 - 1998 Lecturer University of New South Wales
  • Awards and Achievements

    Date Type Title Institution Name Country Amount
    2010 Award Excellence in Refereeing Award American Economic Review United States
    2009 Research Award Prime d’Excellence Scientifique Conseil National des Universites France
  • Language Competencies

    Language Competency
    English Can read, write, speak, understand spoken and peer review
    French Can read, write, speak, understand spoken and peer review
  • Education

    Date Institution name Country Title
    University of Strasbourg France Habilitation
    European University Institute Italy PhD in Economics
    Aix-Marseille University (GREQAM) France Diplôme d’Etudes Approfondies (Economie Mathematique et Econometrie)
    Aix-Marseille University France Magistère Ingénieur-Economiste
  • Research Interests

    Expand
  • Journals

    Year Citation
    2021 Guth, W., & Pezanis-Christou, P. (2021). An indirect evolutionary justification of risk neutral bidding in fair division games. International Journal of Game Theory, 50(1), 63-74.
    DOI
    2020 Conte, A., Güth, W., & Pezanis-Christou, P. (2020). More Money or More Certainty? Uncertainty in Alternating Pie-Sharing Experiments.
    2019 Pezanis-Christou, P., & Wu, H. (2019). Rationalizing (Non-)Equilibrium Bidding in Maximum-Value Auctions Without Beliefs About Others’ Behavior.
    2018 Hanaki, N., Kirman, A., & Pezanis-Christou, P. (2018). Observational and reinforcement pattern learning: an exploratory study. European Economic Review, 104, 1-21.
    DOI Scopus2 WoS1
    2018 Kirman, A. P., Laisney, F., & Pezanis-Christou, P. (2018). Exploration vs Exploitation, Impulse Balance Equilibrium, and a Specification Test for the El Farol Bar Problem. ZEW - Centre for European Economic Research Discussion Paper, (18).
    2015 Guth, W., & Pezanis-Christou, P. (2015). Believing in correlated types in spite of independence: an indirect evolutionary analysis. Economics Letters, 134, 1-3.
    DOI Scopus1 WoS2
    2012 Dittrich, D., Guth, W., Kocher, M., & Pezanis-Christou, P. (2012). Loss aversion and learning to bid. Economica, 79(314), 226-257.
    DOI Scopus6 WoS6
    2010 Ellman, M., & Pezanis-Christou, P. (2010). Organizational structure, communication, and group ethics. The American Economic Review, 100(5), 2478-2491.
    DOI Scopus18 WoS19
    2008 Brandts, J., Pezanis-Christou, P., & Schram, A. (2008). Competition with forward contracts: a laboratory analysis motivated by electricity market design. Economic Journal, 118(525), 192-214.
    DOI Scopus39 WoS33
    2007 Neugebauer, T., & Pezanis-Christou, P. (2007). Bidding behavior at sequential first-price auctions with(out) supply uncertainty: A laboratory analysis. Journal of Economic Behavior & Organization, 63(1), 55-72.
    DOI Scopus21
    2006 Abbink, K., Brandts, J., & Pezanis-Christou, P. (2006). Auctions for government securities: A laboratory comparison of uniform, discriminatory and Spanish designs. Journal of Economic Behavior and Organization, 61(2), 284-303.
    DOI Scopus10
    2005 Abbink, K., Irlenbusch, B., Pezanis-Christou, P., Rockenbach, B., Sadrieh, A., & Selten, R. (2005). An experimental test of design alternatives for the British 3G/UMTS auction. European Economic Review, 49(2), 505-530.
    DOI Scopus22
    2002 Pezanis-Christou, P. (2002). On the impact of low-balling: Experimental results in asymmetric auctions. International Journal of Game Theory, 31(1), 69-89.
    DOI Scopus10
    2000 Pezanis-Christou, P. (2000). Sequential Descending-Price Auctions with Asymmetric Buyers: Evidence from a Fish Market.
    1999 Kemp, M. C., & Pezanis-Christou, P. (1999). Pareto's compensation principle. Social Choice and Welfare, 16(3), 441-444.
    DOI Scopus6
  • Book Chapters

    Year Citation
    2013 Pezanis-Christou, P. (2013). Pareto's compensation principle. In International Trade and National Welfare (pp. 209-212).
    DOI
  • Conference Papers

    Year Citation
    2013 Pezanis-Christou, P. (2013). Asymmetric information in multiple-object first-price auctions. In 12th Louis-Andre Gerard-Varet Conference (pp. 1-26). France.
  • Working Paper

    Year Citation
    2019 Pezanis-Christou, P., & Wu, H. (2019). An individual decision-making approach to bidding in first-price and all-pay auctions. Elsevier BV.
    DOI
    2018 Pezanis-Christou, P., & Wu, H. (2018). A non-game-theoretic approach to bidding in first-price and all-pay auctions. University of Adelaide, School of Economics..
    2018 Kirman, A. P., Laisney, F., & Pezanis-Christou, P. (2018). Exploration vs Exploitation, Impulse Balance Equilibrium, and a Specification Test for the El Farol Bar Problem.
    2017 Pezanis-Christou, P., & Wu, H. (2017). A naive approach to bidding.
    2017 Conte, A., Guth, W., & Pezanis-Christou, P. (2017). More money or more certainty? Behaviour in stochastic alternating-offer experiments.
    2017 Pezanis-Christou, P. (2017). An evolutionary analysis of bidding behaviour in fair division games.
    2016 Hanaki, N., Kirman, A. P., & Pezanis‐Christou, P. (2016). Counter Intuitive Learning: An Exploratory Study.
    2016 Pezanis-Christou, P., & Romeu, A. (2016). Structural analysis of first-price auction data: insights from the laboratory.
    2013 Pezanis-Christou, P. (2013). Asymmetric multiple object first-price auctions.

Research Funding

2014: ARC Discovery Project Grant: "Information quality in auctions of multiple objects" (DP140102949, joint with CI Prof. Ralph Bayer)

Since 2013, I have taught:

  • Advanced Economic Analysis (2nd year)
  • Managerial Economics (2nd year & Master) 
  • Industrial Organization (3rd year & Master)
  • Microeconomic Theory IV and V (Honours, Master and MPhil)
    Expand
  • Current Higher Degree by Research Supervision (University of Adelaide)

    Date Role Research Topic Program Degree Type Student Load Student Name
    2020 Co-Supervisor Price setting rules and competition Doctor of Philosophy Doctorate Full Time Ms Mia Katina Tam
    2019 Co-Supervisor Learning to bid with ambiguity in valuation distribution: an experiment Doctor of Philosophy Doctorate Full Time Miss Rui Zhang
  • Past Higher Degree by Research Supervision (University of Adelaide)

    Date Role Research Topic Program Degree Type Student Load Student Name
    2014 - 2019 Co-Supervisor Three Essays on Unethical Behaviour and Deterrence Mechanisms in Contests Doctor of Philosophy Doctorate Full Time Dr Qin Wu
    2013 - 2018 Principal Supervisor Three essays on first-price auctions with independent private values Doctor of Philosophy Doctorate Full Time Miss Ye Han
    2012 - 2017 Co-Supervisor Three Essays on Experimental Economics Doctor of Philosophy Doctorate Full Time Dr Sookie Zhang
  • Position: Associate Professor
  • Phone: 83134928
  • Email: paul.pezanis-christou@adelaide.edu.au
  • Fax: 8223 1460
  • Campus: North Terrace
  • Building: Nexus 10, floor 4
  • Room: 4 09
  • Org Unit: Economics

Connect With Me
External Profiles