iiinova — where your digital self keeps evolving

Bernhard Kasberger @b-kasberger.bsky.social · 08/10/2026

No research proposal is required. The successful candidate is expected to contribute to the funded project, but there is also room for independent PhD research, particularly in energy economics, game theory, and market design.

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Bernhard Kasberger @b-kasberger.bsky.social · 08/10/2026

Come work with me! 🚀 I'm hiring a PhD candidate to work on electricity markets, auction design, and AI-driven batteries at WIFO & JKU Linz. 📅 Deadline: November 15, 2026. Please spread the word!

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JKU Department of Economics @jku-economics.bsky.social · 17/08/2026

More great news: Yating Yuan joined our department as Assistant Professor of Economics this Summer! She earned her PhD at Warwick and works on applied microeconomic theory. We’re delighted to welcome her to our research and teaching community! yatingyuan.weebly.com

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Bernhard Kasberger @b-kasberger.bsky.social · 09/04/2026

I'm not a fan of calling 90s rock "classic rock" (unless it is classic rock).

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Bernhard Kasberger @b-kasberger.bsky.social · 01/04/2026

1. The mechanism can also be implemented as a crisis mechanism with gas prices. 2. The mechanism redistributes renewables' profits to consumers, but the parameters should be chosen so that renewables remain profitable. 3. Relative prices are changed, but the merit order should stay the same

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

10/ Bottom line: a rule-based way to reduce consumer exposure to CO2- and gas-driven price spikes while largely preserving marginal incentives — an alternative to ad hoc windfall taxes or emergency price caps.

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

9/ Crisis extension: a gas-cost variant targets the fossil marginal-cost component (fuel + CO2) using a reference marginal cost and an excess-cost deduction. Applied to Jul–Dec 2022, it delivers sizable consumer relief in AT/DE without subsidizing gas.

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

8/ We discuss design and implementation details in the paper.

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

7/ Incidence differs by system mix: in AT the redistribution mainly comes from run-of-river hydro; in DE it’s mostly onshore wind plus biomass/solar/offshore wind.

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

6/ Quantification (static, holding prices/quantities fixed): for 2025, implied average expenditure reductions are about 8.5% in Austria and 4.7% in Germany (baseline parameters: threshold 100 €/MWh, proxy deduction 28 €/MWh).

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

5/ Intuition: this reallocates part of the inframarginal rent to consumers without changing the clearing price or fuel-switching incentives for fossil units.

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

4/ Mechanism: when the zonal day-ahead price exceeds a threshold (e.g., 100 EUR/MWh), eligible non-fossil generation is paid p − δ (a fixed CO2-proxy deduction, e.g., 28 EUR/MWh). Other units continue to receive p.

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

3/ Key idea: keep marginal pricing and the ETS cost signal for fossil plants, but change how some inframarginal output is settled in high-price hours.

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

2/ Policy tension: ETS is meant to raise the cost of emitting generation (and shift the merit order), but it also raises the electricity price paid by households and industry, which can weaken electrification incentives and competitiveness.

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Bernhard Kasberger @b-kasberger.bsky.social · 30/03/2026

1/ In EU day-ahead electricity markets, CO2 allowance costs are largely passed through into the uniform clearing price. Result: higher consumer expenditure and large inframarginal rents (“windfalls”) for non-fossil generation.

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JKU Department of Economics @jku-economics.bsky.social · 06/10/2025

More great news! Simon Finster joined us as Assistant Professor of Economics this semester 🎉 His research focuses on Economic Theory and applications to: - Auctions - Market Design - Energy Economics - IO Simons's website: www.simonfinster.com

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Bernhard Kasberger @b-kasberger.bsky.social · 26/09/2025

Danke. Bis Jahresende lässt sich die Liberalisierung allerdings nicht ändern. Zumal sie mit EU-Richtlinien verbunden ist.

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Bernhard Kasberger @b-kasberger.bsky.social · 22/09/2025

Können Sie bitte erläutern, wie das gemeint ist?

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Alexander Ahammer @ahammeralex.bsky.social · 18/08/2025

I have leftover funding for a PhD student for one year (ideally Sept '25 - Sept '26). Might be a good fit for someone wanting to delay going on the market. Please send interested students my way!

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Bernhard Kasberger @b-kasberger.bsky.social · 18/06/2025

📝 Apply via JKU system: 🔗 karriere.jku.at/hcm/jobexcha... 💬 Feel free to DM me or email if you have questions!

karriere.jku.at

Graduate Project Assistant (must hold a Diploma/Master's degree)

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Bernhard Kasberger @b-kasberger.bsky.social · 18/06/2025

4/ 🧠 Requirements: • Master's degree in economics or related field • Strong theory background • Very good English (C1) • Programming in Python/R a plus • German not required

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Bernhard Kasberger @b-kasberger.bsky.social · 18/06/2025

3/ 📌 Topics: • Microeconomic theory • Market design • Game theory • (Optional) Experimental econ or structural econometrics

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Bernhard Kasberger @b-kasberger.bsky.social · 18/06/2025

2/ 👨‍🏫 Work with me on the DFG-funded project: “Strategic Uncertainty in Market Design” You'll also have time for your own research, with the option to enroll in our structured PhD program.

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Bernhard Kasberger @b-kasberger.bsky.social · 18/06/2025

🧵 1/ 🚨 Job Opening: Join us at Johannes Kepler University Linz! I'm hiring a Pre-Doc / PhD-track Research Assistant in microeconomic theory with a focus on market design & game theory. Perfect for those considering a PhD or looking for a 1–2 year RA position. 👇

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Stephan Lauermann @pareto-efficiency.bsky.social · 26/05/2025

The Hausdorff Center at Bonn will host the Trimester Program on “Advances in Mechanism Design” next summer. Students and postdocs are invited to apply for extended stays during the program or summer school participation. Funding for travel and accommodation is available.

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Luca Rigotti @lucarigotti.bsky.social · 17/05/2025

Be a theorist. At worst, your theorem is wrong and everyone thinks you're a moron... Still better than everyone discovering you're a fraudster and a cheat.

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Dr. Philoponus @drphiloponus.bsky.social · 05/05/2025

80 Jahre.

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Bernhard Kasberger @b-kasberger.bsky.social · 08/05/2025

We're hiring! The Econ Department in Linz is looking for a full professor in Labor Economics. Feel free to reach out if you have any questions about the position or our department! @jku-economics.bsky.social

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Bernhard Kasberger @b-kasberger.bsky.social · 07/05/2025

Excited to join JKU Linz and WIFO Vienna as a Professor of Energy and Environmental Economics! Looking forward to connecting with colleagues and sharing new ideas. @jku.at @jku-economics.bsky.social @wifo.bsky.social

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JKU Department of Economics @jku-economics.bsky.social · 07/05/2025

Exciting news! As of May 1st, @b-kasberger.bsky.social has joined our department! Bernhard is Professor of Energy & Environmental Economics at JKU and WIFO. His work dives into: ⚡ Market & auction design 🌿 Energy + environmental econ 🏭 Industrial org 🎲 Game theory Website: kasberger.github.io

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Bernhard Kasberger @b-kasberger.bsky.social · 23/04/2025

8/ 🧠 Conclusion: A new model of behavior in multi-unit auctions under strategic uncertainty. Our paper expands the toolkit for auction theory and contains much more 📄 Read more: doi.org/10.1016/j.je...

doi.org

Redirecting

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Bernhard Kasberger @b-kasberger.bsky.social · 23/04/2025

7/ Design implication: Depending on the competitiveness, the auctioneer might want to steer bidders’ information towards the informational extremes of maximal uncertainty or BNE.

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Bernhard Kasberger @b-kasberger.bsky.social · 23/04/2025

6/ Policy twist: 📈 In competitive markets, BNE outcomes yield higher revenue. 😬 But in low-competition settings, BNE can result in collusive equilibria with zero revenue. 😮 Minimax-loss bidders, unaware of such collusive schemes, don't coordinate — and often generate higher revenue in these cases.

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Bernhard Kasberger @b-kasberger.bsky.social · 23/04/2025

5/ 🧪 Experimental evidence aligns: – In PAB, BNE says to bid the same on both units, but real bidders often bid less for the second unit. – In UPA, BNE predicts a zero bid on the second unit, yet subjects consistently bid positive amounts. ✅ These behaviors are what minimax-loss bidding predicts.

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Bernhard Kasberger @b-kasberger.bsky.social · 23/04/2025

4/ Key result: Even with multi-dimensional private values, optimal bids can be computed efficiently. In pay-as-bid (PAB) auctions, the minimax bid is unique. In uniform-price (UPA) auctions, unique only if bidders are constrained in the number of bid steps (as in many practical auctions).

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Bernhard Kasberger @b-kasberger.bsky.social · 23/04/2025

3/ Minimax-loss bidders don’t guess opponents' behavior. Instead, they protect against the worst-case regret. 💡 They ask: "What bid minimizes the maximum money I might leave on the table, no matter how others bid?"

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Bernhard Kasberger @b-kasberger.bsky.social · 23/04/2025

2/ In real-world auctions like electricity markets or Treasury debt sales, bidders often lack common priors and reliable beliefs on rivals' strategies ➡️ The traditional Bayes-Nash Equilibrium (BNE) assumptions break down. Enter: prior-free, regret-minimizing bidding.

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Bernhard Kasberger @b-kasberger.bsky.social · 23/04/2025

🧵1/ 🚨 Excited to share a new paper just out in Journal of Economic Theory: "Bidding in Multi-Unit Auctions Under Limited Information" by @B_Kasberger & Kyle Woodward. What happens when bidders in multi-unit auctions don’t know what others might bid? Let's break down our approach 👇 #EconSky

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Virtual Market Design Seminar @vmdseminar.bsky.social · 24/02/2025

Thrilled to announce our return next Monday! We have an exciting line-up of speakers: Andrea Galeotti (LBS), Ravi Jagadeesan (Stanford), Mallesh Pai (Rice University), Lea Nagel (Stanford) and Peter Troyan (University of Virginia). All information is here: virtual-md-seminar.com 📉📈 #EconSky

virtual-md-seminar.com

Virtual Market Design Seminar

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JKU Department of Economics @jku-economics.bsky.social · 28/01/2025

Only a few days left to apply for our postdoc position 👇

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JKU Department of Economics @jku-economics.bsky.social · 10/01/2025

🚨JOB OPENING🚨 JKU Linz is hiring! The fixed-term position (6 years) is in micro theory or IO. Ideally, candidates are interested in energy and environmental economics. Deadline Jan 31. Please share. #EconSky Ad (requires EJM login): econjobmarket.org/positions/11396

econjobmarket.org

EJM - Econ Job Market

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JKU Department of Economics @jku-economics.bsky.social · 12/12/2024

📢 Job opening: Paid position in our PhD program (4 years fixed-term) with a very manageable teaching load. Fields: Applied microeconomics, particularly labor economics. Deadline 2025 Jan 29. Please share with your students and RT. #EconSky Details: karriere.jku.at/hcm/jobexcha...

karriere.jku.at

Graduate Teaching Assistant (must hold a Diploma/Master's degree)

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Virtual Market Design Seminar @vmdseminar.bsky.social · 21/11/2024

Next Monday we are excited to host Simon Finster from Crest & Ecole Polytechnique, who will talk about 'Equitable Auctions' w/. Patrick Loiseau, Simon Mauras, Mathieu Molina & Bary Pradelski. ➡️ Paper: simonfinster.github.io/papers/equit... Looking forward! #EconSky 📉📈

simonfinster.github.io

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Anja Prummer @anjaprummer.bsky.social · 01/11/2024

I am looking for a 6 year Postdoc in Micro, preferably Theory at Freie Universität Berlin! fu-berlin.de/universitaet... Please apply through the Berlin School of Economics, berlinschoolofeconomics.de/programs/res... Berlin offers a vibrant, fun and super collegial community! Join us! #econsky 📈📉

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