Joachim Weimann, Prof.

Head of chair

Prof. Dr. Joachim Weimann

Faculty of Economics and management
Chair of Economic Policy
Gebäude 22, Universitätsplatz 2, 39106, Magdeburg, G22C-210





  • Born on 14.02.1956 in Düsseldorf
  • 1976-1981 Studied economics at the University of Bielefeld
  • 1987 Doctorate and 1992 habilitated at the University of Dortmund at the Chair of Finance of Prof. Dr. Wolfram Richter
  • 1992 Call to the Ruhr-Universität Bochum
  • Since 1994 holder of the chair VWL III at the Otto-von-Guericke-University Magdeburg
  • Further Calls to the Universities of Graz, Bochum, Göttingen


Further information

  • Managing Director of the "Business School Magdeburg"
  • Since 1998 member of the academic senate of the Otto-von-Guericke-University Magdeburg
  • Since July 2006 Chairman of the "Gesellschaft für experimentelle Wirtschaftsforschung e.V."
  • Member of the Social Science Committee of the Verein für Sozialpolitik (Chair 2006-2008)
  • Director of the Institute for Location Research and Tax Policy Magdeburg e.V.
  • Executive Director of the MaxLab ("Magdeburger wirtschaftswissenschaftliches Experimentallabor")
  • Member of the Review Board for Economics of the DFG since 2009. Term of office ends in 2012
  • Head of the selection committee for the open conference of the Verein für Socialpolitik 2002 in Innsbruck
  • April 97: Appointed to the National Committee for Global Change Research, the German Research Foundation and the BMFT. Renewed appointment for the second term of office in December 1999. End of membership 2001
  • Since 1997: Co-editor of the "Jahrbuch für ökologische Wirtschaftsforschung"


Research interests

For me, it is not a contradiction to see economics as an applied science and still carry out basic research. This "balancing act" finds its expression in the division of research activities into two parts. Environmental economics and economic policy form the application-oriented part, in which theoretical economic models and concepts are applied to concrete questions of general economic policy. The fact that I prefer to concentrate on the application of microtheoretical models is not only a question of taste, but above all an expression of a certain risk aversion (which macroeconomist knows whether he is really in the right position?).

Basic research concentrates on the decision-theoretical foundations of our discipline and mainly uses experimental methods. I am interested in how people make decisions. The fact that most of them do not behave completely rationally has become known among economists. If, nevertheless, almost all economic models adhere to the assumption of strict rationality, it is because we are still a long way from a descriptively successful theory of restricted rational behaviour, which we could use as a basis for economic models. The aim of the experiments we are conducting at the chair is to come a little closer to such a theory. In addition, there is increasingly interdisciplinary research. For example, since 2008 the chair has been cooperating with the neurosciences of the University of Magdeburg and is building a neuroeconomic research base.


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  • The effect of communication media on information sharing in supply chains. Johnsen, Lennart C.; Voigt, Guido; Weimann, Joachim;
    Production and operations management: the flagship research journal of the Production and Operations Management Society - Hoboken, NJ: Wiley-Blackwell, 2019.














  • Die Bedeutung von allokativer Effizienz und Anreizen als Kernbotschaft umweltökonomischer PolitikberatungZeitschrift für angewandte Umweltforschung, Sonderheft 15, 2005, 69-83.





  • The Supply Side of Organ Allocation, With Axel Ockenfels, Analyse und Kritik, 23, 2001, 280-285
  • Reformstau in Deutschland?Wirtschaftsdienst 81 (9), 2001, 495-498.
    Perspektiven der Umweltökonomik, in Wolfgang Franz et al. (Hrsg.), Wirtschaftspolitische Herausforderungen an der Jahrhundertwende - Wirtschaftswissenschaftliches Seminar Ottobeuren, 2001, Mohr Siebeck, Tübungen

Until 2000


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