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Chair of Political Economy

Visitors and delivery address:

Fritz-Erler-Str. 1 - 3
Building 01.85, R 417 - 421
D-76133 Karlsruhe


Postal address:

Kaiserstr. 12
D-76131 Karlsruhe

Prof. Dr. Nora Szech

Sibille Hackel

Building 01.85, Room 419
Tue, Wed, Thur
from 10:00 to 12:00
Tel.: +49  721 608 - 43809


Prof. Dr. Nora Szech

Chair of Political Economy
Group: Institute of Economics (ECON)
Phone: +49 721 608-43809
nora szechJbh1∂kit edu


Welcome to the Chair of Political Economy (ECON)

Sabbatical Term
During the Winter Term 2017/18, Nora Szech is on a research sabbatical. More information you can find here.



Open Position

We are looking for a Research Assistant (HiWi) for 20 to 40 hours a month for our Chair as support for literature research, data analysis and assistance in conducting behavioral experiments. Here you can find all details.

"The New World Order"

From November 16 to 18 in Berlin, the Economic Summit of the SZ takes place, with 60 speakers from business and politics such as Friedrich Merz, Jochen Schweizer, Sahra Wagenknecht and Dieter Zetsche as as well as economists Clemens Fuest, Nora Szech, and Axel Weber.

HeiKaMax-Workshop Fall 2017

The 12th HeiKaMaX Workshop on Behavioral and Experimental Economics will take place in Heidelberg on October 27, 2017. The HeiKaMaX is jointly organized by the Universities of Heidelberg, Mannheim and KIT.

For more information or if you want to participate, please contact Petra Nieken, Philipp Reiss, Clemens Puppe or Nora Szech.

Letters of indulgence from the supermarket

What do ethically interested customers have in common with the famous German author Martin Walser? The answer can be found in the German daily Süddeutsche Zeitung. Jannis Engel and Nora Szech provide all according details and background in their working paper.

Trust (Herrenhäuser Talks/NDR)

Moderated by Ulrich Kühn, four professors from the fields of theology, economics, business administration, psychology and personality development discuss the role of trust in our society: Friedrich Wilhelm Graf (LMU), Guido Möllering (U Witten-Herdecke), Nora Szech (KIT), and Martin Schweer (U Vechta). Here is the podcast.

Teaching Award for Jannis Engel and Nora Szech

We are very happy about the teaching award for our seminar!
Thank you so much, dear students!!! 

Economics and trust — a fragile relationship

… titels the magazine RATIO, featuring articles by/about Richard David Precht, Bernhard Schlink, Nora Szech, and others.
To the magazine.

"Think whatever you want. Surprising insights from Germany's most important economists"

This is the title of the new book by the German national daily "Süddeutsche Zeitung." It presents 36 influential German economists under the age of 50. One of these is Nora Szech. To the interview with the SZ.

"Priority in case of equal qualification"

What kind of effects do we see from the rule "priority in case of equal qualification"? Stronger as well as weaker candidates may become more motivated. Diversity and performance incentives then do not exclude each other, but become rather aligned. 

To the study. (and)

To ScienceDaily.

Transparency in Auctions

Check out our latest research on information release in auctions. We compare incentives from welfare and profit perspectives, and investigate the role of the number of bidders. Transparency and number of bidders are, e.g., highly discussed topics in the design of procurement auctions for the renewable energy sector.

Better performance because of coarse incentive structures

Detailed information on incentive structures can make agents perform worse. With coarse information structures, better performance results become possible, and agents can avoid feeling stressed. Check out our recent empirical findings from an economic experiment.

Diffusion of Moral Responsibility

In many contexts, for example in committees, diffusion of moral responsibility and sharing of guilt play crucial roles. This influences the design of institutions in order to prevent erosion of moral responsibility.
Have a look at our institution-design-study and our experimental study!

KIT Experts

Nora Szech is a KIT expert with a focus on markets and market design and on how institutions shape our moral values.

HeiKaMaxY Young Researchers

This workshop for young researchers (PhD students, postdocs, and JProfs) is jointly organized with the universities of Heidelberg and Mannheim. In June 2017, the second HeiKaMaxY Young Researchers Workshop on Behavioral Economics and Experiments took place in Mannheim. If you are interested or if you have questions about the workshop, please contact our PhD student Leonie Fütterer.

Seminars in winter term 2017/18 Application for our upcoming seminars in the winter term 2017/18 via the centralized platform (Seminarportal) was possible until September 16th.
Doctoral Research Seminar

On Wednesdays at 11:30 am. our Doctoral Research Seminar takes place. Everybody is very welcome.

Research Seminar

On Thursdays at 11:45 am, our research Seminar Workshop on Economics and Finance takes place. Everybody is welcome to join in!
If you want to get in touch with the speaker, feel free to take part in the lunch afterwards.