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  • Economic Theory and Computational Economics (ETACE)

    Prof. Dr. Herbert Dawid

    © Universität Bielefeld

Welcome at ETACE - Chair for Economic Theory and Computational Economics


Postal Address:
Universität Bielefeld
Fakultät für Wirtschaftswissenschaften
Universitätsstr. 25
D-33615 Bielefeld

Tel.: +49 521 106-6931
E-mail: etace(et)


Latest News

Plenary Talk


On June 20, 2024 Herbert Dawid will give a plenary talk at the 30th International Conference on Computing in Economics and Finance on "The Effect of Algorithmic Decision Making in Markets".

Keynote Talk


Herbert Dawid will give a keynote talk on 'The quest for unified behavioral rules in (macro-economic) agent-based models' at the IIASA-MacroABM Workshop held at the International Institute for Applied System Analysis (IIASA) in Laxenburg on April 18 and 19.

New Journal Publication


Dawid H, Di X, Kort PM, Muehlheusser G (2024), "Autonomous vehicles policy and safety investment: An equilibrium analysis with endogenous demand", Transportation Research Part B: Methodological 182: 102908.

Abstract: In this paper, we present novel data from the German-speaking area on 13,422 venture  capital investments between 1999 and 2019, and document a novel and yet unexplained contributor to investors' home bias. We propose a new measure of regional identity based on a recent vehicle license plate liberalization in Germany, and leverage on a unique dataset of historical borders to examine how regional identity is formed. We use an instrumental strategy to establish a causal link between historical political instability, regional identity, and the home bias. Our results indicate that a common regional identity is highly relevant for investment decisions.

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