PER BALTZER OVERGAARD, Ph.D., Professor, Head of School


Picture #1   Picture #2   Picture #3   Picture #4   Picture #5   Picture #6                   The Libertarian's Lament (in Danish)


School of Economics and Management

University of Aarhus, Building 1322, Bartholins Allé 10, DK-8000 Aarhus C, DENMARK

 

My office: Building 1322, Office 328
Phone:  +45 8942 1605 (fixed - office) +45 8640 6644 (fixed - home) +45 2483 3130 (cell) +45 8942 1610 (secretary)
E-mail:
povergaard@econ.au.dk
SEM: http://www.econ.au.dk

My SEM homepage: http://www.econ.au.dk/about-us/people/faculty-vip/overgaard-per-baltzer/

My University of Aarhus homepage: http://person.au.dk/en/povergaard@econ.au.dk


CONTENTS


SHORT CV (full CV and short CV in pdf)

Degrees

  • Ph.D., CORE, Université Catholique de Louvain, Belgium, 1991
  • MA (Econ), University of Warwick, UK, 1986 (awarded The Examiners' Prize)

 

Scholarships

 

  • Research Scholarship, Danish Social Science Research Council/School of Economics and Management, University of Aarhus, 1986 - 1987
  • Research Scholarship, School of Economics and Management, University of Aarhus, 1988 - 1990

 

Longer stays abroad

 

  • Department of Economics, University of Warwick, UK, 1985 - 86. Graduate Student
  • CORE, Université Catholique de Louvain, Belgium, 1987 - 89. Graduate Student
  • Department of Economics, UCLA, California, 1989 - 90. Visiting Scholar

 

Positions

 

  • Head of School, School of Economics and Management, University of Aarhus, June 2006 -
  • Professor, School of Economics and Management, University of Aarhus, 2003 -
  • Associate Professor, School of Economics and Management, University of Aarhus, 1993 - 2003
  • Assistant Professor, School of Economics and Management, University of Aarhus, 1990 - 1993

 

Research interests

 

  • Industrial Organization
  • Economics of Information and Contracting
  • Game Theory
  • Auctions and Procurement
  • Regulation and Antitrust

 

Current and recent research grants

 

  • The Centre for Industrial Economics: Research on Competition Policy and Regulation, Information, Markets and Effienciency. Founding member and member of steering committee. Five year grant, 1996 - 2001, of approx. $ 3 mill. from The Danish Department of Trade and Industry/The Danish Social Science Research Council. Funding extended for 2001 - 2010 by The Danish Social Science Research Council.
  • Consumer Information, Information Transmission and Competition. Joint project with H. Peter Møllgaard. Grant of approx. $ 100K from the Danish Department of Trade and Industry.

 

back to the top


PUBLICATIONS

Books

  • Per Baltzer Overgaard, 1991, Product Quality Uncertainty: Strategic Information Transmission in Product Markets with Adverse Selection and Adverse Incentives, CORE, Louvain-la-Neuve, Belgium. Ph.D. thesis containing an introduction, six papers, and a conclusion (downloadable).

 

Journal articles

 

  • Per Baltzer Overgaard, 1992, Adverse Producer Incentives and Product Quality when Consumers Are Short-Term Players, Journal of Economics 55: 169-191. [doi:10.1007/BF01227419]
  • Svend Albæk and Per Baltzer Overgaard, 1993, Upstream Pricing and Advertising Signal Downstream Demand, Journal of Economics and Management Strategy 1: 677-698. [doi:10.1111/j.1430-9134.1992.00677.x]
  • Per Baltzer Overgaard, 1993, Price as a Signal of Quality: A Discussion of Equilibrium Concepts in Signalling Games, European Journal of Political Economy 9: 483-504. [http://dx.doi.org/10.1016/0176-2680(93)90035-S]
  • Per Baltzer Overgaard, 1994, Equilibrium Effects of Potential Entry when Prices Signal Quality, European Economic Review 38: 367-384. [http://dx.doi.org/10.1016/0014-2921(94)90063-9]
  • Svend Albæk and Per Baltzer Overgaard, 1994, Advertising and Pricing to Deter or Accommodate Entry when Demand Is Unknown: Comment, International Journal of Industrial Organization 12: 83-87. [http://dx.doi.org/10.1016/0167-7187(94)90028-0]
  • Per Baltzer Overgaard, 1994, The Scale of Terrorist Attacks as a Signal of Resources, Journal of Conflict Resolution 38: 452-478. [http://www.jstor.org/stable/174364]
  • Svend Albæk, H. Peter Møllgaard and Per Baltzer Overgaard, 1995, Dansk konkurrenceret og vertikal kontrol (Danish Competition Law and Vertical Control, in Danish), Nationaløkonomisk Tidsskrift 133: 268-283.
  • Svend Albæk, H. Peter Møllgaard and Per Baltzer Overgaard, 1996, Law-Assisted Collusion? The Transparency Principle in the Danish Competition Act, European Competition Law Review 17: 339-343.
  • Per Svejstrup Hansen, H. Peter Møllgaard, Per Baltzer Overgaard and Jan Rose Sørensen, 1996, Asymmetric Adjustment in Symmetric Duopoly, Economics Letters 53: 183-188. [http://dx.doi.org/10.1016/S0165-1765(96)00904-4]
  • Svend Albæk, H. Peter Møllgaard and Per Baltzer Overgaard, 1997, Government-Assisted Oligopoly Coordination? A Concrete Case, Journal of Industrial Economics 45: 429-443. [http://www.jstor.org/stable/2950610]
  • Svend Albæk and Per Baltzer Overgaard, 1998, Receiver Discretion in Signalling Models: Information Transmission to Competing Retailers, International Journal of Industrial Organization 16: 209-228. [http://dx.doi.org/10.1016/S0167-7187(96)01045-4]
  • Svend Hylleberg and Per Baltzer Overgaard, 1998, Competition Policy with a Coasian Prior?, Konkurranse 4: 8-13.
  • H. Peter Møllgaard and Per Baltzer Overgaard, 1999, Partnerships, Buy-Out Options, and Investment in Emerging Markets, Scandinavian Journal of Economics 101: 651-672. [http://www.jstor.org/stable/3440659]
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2000, Konkurrenceret og retsøkonomi (Competition Law and Law and Economics, in Danish), Samfundsøkonomen 2000 (3): 21-26.
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2001, Forbrugerinformation, informationstransmission og konkurrence (Consumer Information, Information Transmission and Competition, in Danish), facts 14: 5-8, February.
  • Mark N. Hertzendorf and Per Baltzer Overgaard, 2001, Price Competition and Advertising Signals - Signaling by Competing Senders, Journal of Economics and Management Strategy 10: 621-662. [doi:10.1111/j.1430-9134.2001.00621.x]
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2001, Market Transparency and Competition Policy, Rivista di Politica Economica (Antitrust, Regulation and Competition: Theory and Practice) 91: 11-58.
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2001, Trasperanza del Mercato e Politiche per la Concorrenza (Italian version), Rivista di Politica Economica (Antitrust, Regolamentazione e Concorrenza: Teoria e Pratica) 91: 11-64.
  • Ram Orzach, Per Baltzer Overgaard and Yair Tauman, 2002, Modest Advertising Signals Strength, RAND Journal of Economics 33(2): 340-358. [http://www.jstor.org/stable/3087437]
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2002, Markedsgennemsigtighed (Market Transparency, in Danish), facts 17: 7-9, February.
  • René Kirkegaard and Per Baltzer Overgaard, 2008, Pre-Auction Offers in Asymmetric First-Price and Second-Price Auctions, Games and Economic Behavior 63: 145-165. [doi:10.1016/j.geb.2007.09.006]
  • René Kirkegaard and Per Baltzer Overgaard, 2008, Buy-Out Prices in Auctions: Seller Competition and Multi-Unit Demands, RAND Journal of Economics 39 (3): 770 – 789. [doi:10.1111/j.1765-2171.2008.00038.x] [Web Appendix]

Articles in books, etc.

  • Torben M. Andersen and Per Baltzer Overgaard, 1990, Demand and Capacity Constraints on Danish Employment, ch. 5 in J.H. Drèze and C.R. Bean (eds.), Europe's Unemployment Problem, MIT Press, Cambridge: MA.
  • Svend Albæk and Per Baltzer Overgaard, 1991, Manufacturer-Retailer Relations when the Wholesale Price Signals Demand Intensity, pp. 167-171 in K.D. Frankenberger, H.H. Larsen and G.S. Albaum (eds.), World Marketing Congress, International Conference Series, Vol. V, Academy of Marketing Sciences, Coral Gables: Florida.
  • Per Baltzer Overgaard, 1992, Equilibrium Effects of Potential Entry when Prices Signal Quality, ch. 2 in R. Stenbacka (ed.), Nordic Contributions in Industrial Economics: Internal Efficiency, Information Transmission and Oligopoly Competition, Åbo Academy University, Series A: 358, Turku/Åbo, Finland.
  • H. Peter Møllgaard, Per Baltzer Overgaard and Ole Øhlenschlæger Madsen, 1996, Den danske konkurrencelov i moderne industriøkonomisk belysning (The Danish Competition Act from a Modern Industrial Economics Perspective, in Danish), pp. 51-76 in P.N. Bukh and P. Skott (eds.), Markeder i opbrud, Aarhus University Press, Aarhus: Denmark.
  • Svend Albæk, H. Peter Møllgaard and Per Baltzer Overgaard, 1998, The Danish Competition Act and Barriers to Entry, ch. 5 in S. Martin (ed.), Competition Policies in Europe, North-Holland/Elsevier, Amsterdam: The Netherlands.
  • Svend Hylleberg and Per Baltzer Overgaard, 2000, Competition Policy with a Coasian Prior?, ch. 6 in E. Hope (ed.), Competition Policy Analysis (Routledge Series in the Modern World Economy), Routledge, London: UK.
  • Stephen Martin, H. Peter Møllgaard, Per Baltzer Overgaard and Christian Schultz, 2000, Industriøkonomi (Industrial Organization, in Danish), ch. 9 in C. Hjorth-Andersen (ed.), Udviklingslinier i økonomisk teori, Jurist- og Økonomforbundets Forlag, Copenhagen: Denmark.
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2003, Market Transparency and Competition Policy, in M. Baldassarri and L. Lambertini (eds.), Antitrust Regulation and Competition, Palgrave Macmillan, Basingstoke: UK.
  • Per Baltzer Overgaard and Christian Schultz, 2005, Varemærket i økonomisk teori (Brand Labels in Economic Theory, in Danish), in J. Schovsbo, K. Wallberg and U. Riis (eds.), 125(R): Varemærkeloven 1880 - 2005,  Patent- og Varemærkestyrelsen, Copenhagen: Denmark.
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2006, Transparency and Competition Policy, in Mats Bergman (Ed.), The Pros and Cons of Information Sharing, Swedish Competition Authority.
  • Per Baltzer Overgaard and H. Peter Møllgaard, 2008, Information Exchange, Market Transparency and Dynamic Oligopoly, in Wayne Dale Collins (Ed.), Issues in Competition Law and Policy, American Bar Association.
  • Svend Albæk, H. Peter Møllgaard and Per Baltzer Overgaard, 2009, Gennemsigtighed og koordinerede effekter i fusionkontrol (Transparency and Coordinated Effects in Merger Control, in Danish), ch. 2. In Per Nikolaj Bukh and Niels Peter Mols (Eds.), Strategi & Driftsøkonomi, Gyldendal Business, Copenhagen: Denmark.

 

back to the top


 

WORKING PAPERS AND WORK-IN-PROGRESS

Recent papers - some are downloadable - for more, see the full CV (pdf)

  • H. Peter Møllgaard and Per Baltzer Overgaard, 1999, Market Transparency: A Mixed Blessing?, Centre for Industrial Economics, University of Copenhagen, Discussion Paper #99-15 (February 2002 version downloadable).
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2001, Market Transparency and Competition Policy, Copenhagen Busines School and University of Aarhus, draft (May 2001 version downloadable). In Rivista di Politica Economica (Antitrust, Regulation and Competition: Theory and Practice) 91: 11-58. Also published in M. Baldassarri and L. Lambertini (eds.), Antitrust Regulation and Competition, Palgrave Macmillan, Basingstoke: UK, 2003.
  • H. Peter Møllgaard and Per Baltzer Overgaard, 2002, Mixed Blessing? n Firms, draft, April.
  • Svend Albæk and Per Baltzer Overgaard, 1998, Signaling and Rent Extraction via Contract Proposals in Franchising, Centre for Industrial Economics, University of Copenhagen, Discussion Paper #98-03 (November 1999 version downloadable).
  • Per Baltzer Overgaard, 1999, A Note on Quality Uncertainty and Price Competition, School of Economics and Management, University of Aarhus, draft, May.
  • Per Svejstrup Hansen, H. Peter Møllgaard, Per Baltzer Overgaard and Jan Rose Sørensen, 2001, Strategic Adjustment Asymmetries, School of Economics and Management, University of Aarhus, draft. (January 2001 version downloadable)
  • Mark N. Hertzendorf and Per Baltzer Overgaard, 1998, Will the High-Quality Producer Please Stand Up? - A Model of Duopoly Signaling, Centre for Industrial Economics, University of Copenhagen, Discussion Paper #98-04 (February 2000 version downloadable).
  • Mark N. Hertzendorf and Per Baltzer Overgaard, 1999, Price Competition and Advertising Signals - Signaling by Competing Senders, Bureau of Economics, Federal Trade Commission, Working Paper #223 (May 2001 version downloadable). In Journal of Economics and Management Strategy 10: 621-662.
  • Mark N. Hertzendorf and Per Baltzer Overgaard, 2001, Prices as Signals of Quality in Duopoly, School of Economics and Management, University of Aarhus, draft (December 2001 version downloadable).
  • Mark N. Hertzendorf and Per Baltzer Overgaard, 2002, Prices as Signals of Quality in Duopoly: Type-Dependent Unit Costs, School of Economics and Management, University of Aarhus, preliminary and incomplete draft (December 2002 version downloadable).
  • Ram Orzach, Per Baltzer Overgaard and Yair Tauman, 2002, Modest Advertising Signals Strength, Tel-Aviv University (April 2002 version downloadable). In RAND Journal of Economics 33(2): 340-358.
  • René Kirkegaard and Per Baltzer Overgaard, 2001, Properties of Auctions with Participation Costs, School of Economics and Management, University of Aarhus, draft, Dec.
  • René Kirkegaard and Per Baltzer Overgaard, 2002, Buy Prices and Bid Increments in Auctions, School of Economics and Management, University of Aarhus, draft, June.
  • René Kirkegaard and Per Baltzer Overgaard, 2003, Buy-Out Prices in Online Auctions: Multi-Unit Demand, School of Economics and Management, University of Aarhus, in progress (December 2003 version downloadable).
  • Christian Schultz and Per Baltzer Overgaard, 2005, Varemærket i økonomisk teori (Brand Labels in Economic Theory, in Danish), Institute of Economics, University of Copenhagen, and School of Economics and Management, University of Aarhus (August 2005 version downloadable)
  • Kyle Bagwell and Per Baltzer Overgaard, 2005, Look How Little I'm Advertising!, School of Economics and Management, University of Aarhus (February 2006 version downloadable).
  • Per Baltzer Overgaard and H. Peter Møllgaard, 2007, Information Exchange, Market Transparency and Dynamic Oligopoly, School of Economics and Management, University of Aarhus (March 2007 version downloadable).
  • H. Peter Møllgard and Per Baltzer Overgaard, 2006, Transparency and Competition Policy, School of Economics and Management, University of Aarhus (November 2006 version downloadable).
  • René Kirkegaard and Per Baltzer Overgaard, 2007, Pre-Auction Offers in Asymmetric First-Price and Second-Price Auctions, School of Economics and Management, University of Aarhus (April 2007 version downloadable). In Games and Economic Behavior 63: 145-165.
  • René Kirkegaard and Per Baltzer Overgaard, 2008, Buy-Out Prices in Auctions: Seller Competition and Multi-Unit Demands, School of Economics and Management, University of Aarhus (January 2008 version downloadable). In RAND Journal of Economics 39 (3): 770 – 789.
  • Svend Albæk, H. Peter Møllgaard and Per Baltzer Overgaard, 2010, Transparency and Coordinated Effects in European Merger Control, School of Economics and Management (January 2010 version downloadable).

 

back to the top


DOWNLOADABLE PAPERS (in pdf - unless otherwise stated)

Recent papers and other stuff

 

My Ph.D. thesis from 1991, parts of which might still be of interest to some

 

  • Per Baltzer Overgaard, 1991, Product Quality Uncertainty: Strategic Information Transmission in Product Markets with Adverse Selection and Adverse Incentives, CORE, Université Catholique de Louvain, Belgium (Committee: Claude d'Aspremont (advisor), Francoise Forges, Jean-Francois Mertens, Jean-Pierre Ponssard and Eric van Damme) - Complete thesis (rather large document - 273 pages and about 10MB) - The thesis has been partitioned as follows:
  1. Title, contents and preface
  2. Overview
  3. Chapter 1  -  Price as a Signal of Quality: A Discussion of Equilibrium Concepts in Signalling Games. Revised version in European Journal of Political Economy 9: 483-504, 1993.
  4. Chapter 2  -  On the Nature of Advertising and Its Role as a Signal of Quality.
  5. Chapter 3  -  Equilibrium Effects of Potential Entry when Prices Signal Quality. Revised version in European Economic Review 38: 367-384, 1994.
  6. Chapter 4  - Moral Hazard in Repeated Quality Selection: An Equilibrium Analysis of Repeat-Purchase when Information is both Imperfect and Incomplete.
  7. Chapter 5  -  Stochastic Quality and Moral Hazard in an Infinitely Repated Market Interaction.
  8. Chapter 6  -  Adverse Producer Incentives and Product Quality when Consumers Are Short-Term Players. Revised version in Journal of Economics 55: 169-191, 1992.
  9. Conclusion
  10. Bibliography 

 

back to the top


CURRENT AND RECENT TEACHING

Spring 2007 -

·         No scheduled teaching

Fall 2006

·         Organizational Economics (provisional title) (graduate), School of Economics and Management - very preliminary course outline as of April, 2006

·         BRICS Summer School on Game Theory in Computer Science (graduate/Ph.D.) - June 2006

Spring 2006

·         Topics in Management: Competition and Antitrust in the EU and Beyond (graduate), School of Economics and Management - provisional course outline as of January 2006

Fall 2005

·         Economics, Organization and Management (Theory of The Firm) (graduate), School of Economics and Management

Spring 2005

·         B3: Markets, Production and Business Strategy (undergraduate), School of Economics and Management

·         My section (direct link to my section of B3)

Fall 2004

·         Economics, Organization and Management (Theory of The Firm) (graduate), School of Economics and Management

Spring 2004

·         B3: Markets, Production and Business Strategy (undergraduate), School of Economics and Management

·         My section (direct link to my section of B3)

Fall 2003

·         Micro 2 - The Economics of Information and Contracting (graduate), School of Economics and Management - course outline as of October 2003

 

·         The Theory of Industrial Organization (graduate), School of Economics and Management

·         Applied Economics and Economic Policy (3rd year), School of Economics and Management - My section (direct link to my section on Antitrust and Regulation)

Spring 2003

·         B3: Markets, Production and Business Strategy (undergraduate), School of Economics and Management

·         My section (direct link to my section of B3)

·         Ph.D. course on Institutions, Department of Political Science, June 23 - 25, 2002 (Antitrust and Regulation, Auctions and Bidding, Industrial Economics (in Danish), A Coasian Prior, Milgrom on Universal Service)

Fall 2002

·         Applied Microeconomics: Antitrust and Regulation (elective), Department of Political Science - (Official course web-site). For a quick look at the course outline click here

Spring 2002

·         B3: Markets, Production and Business Strategy (undergraduate), School of Economics and Management

·         My section (direct link to my section of B3)

Fall 2001

·         "Guest performance" in B2: Incentives and Decisions, November 27 (slides)

Spring 2001

·         On leave - grant from The Danish Ministry of Trade and Industry

Fall 2000

·         Micro 2 - Economics of Information and Contracting (graduate), School of Economics and Management

·         Applied Industrial Organization: Regulation, Design and Antitrust (graduate), School of Economics and Management

Spring 2000

·         On leave - grant from Centre for Industrial Economics

Fall 1999

·         Micro 1 - Micro Theory (third year), School of Economics and Management

·         Micro 2 - Economics of Information and Contracting (graduate), School of Economics and Management

·         Economics - Microeconomic Theory, Department of Mathematics

 

back to the top


CONSULTING

I am an Academic Partner in Copenhagen Economics, a consulting firm based in Copenhagen.
For further information, You may either contact me or COPENHAGEN ECONOMICS

back to the top


Last updated January 21, 2010, by Per Baltzer Overgaard.