Professor Ronald Peeters, Our people, Department of Economics

BSc, MSc (Radboud University Nijmegen), PhD (Maastricht University)

Tel: 64 3 479 8731
Email: ronald.peeters@otago.ac.nz
Room 601, 6th Floor, Otago Business School

Ronald joined the University of Otago in October 2017. His research interests are best summarized as “anything that deals with coordination and cooperation (on socially desirable outcomes, including social norms) in dynamic settings of strategic interaction.” His methodological toolkit consists of game theory (dynamic games, evolutionary games), learning models (bounded rationality), social networks, computational economics, laboratory experiments and simulations. One particular topic within this broad area concerns the evolution of socially desirable behaviour within social networks. In addition, he develops mechanisms to elicit and aggregate beliefs and expectations for the purpose of predicting future events.

Click here to view Ronald's research output

Teaching Responsiblities

Preferred areas of research supervision

Ronald is especially interested in supervising research students in the following areas

Experimental economics, particularly related to cooperation, ambiguity, altruism and trust
Behavioural mechanism design, particularly related to contests to enhance charitable giving and functioning of market mechanisms
Game theory, particularly related to strategic learning in social networks

Publications

Herings, J.-J., Peeters, R., & Tenev, A. P. (2024). Directed reciprocity subverts cooperation in highly adaptive populations. Scientific Reports, 14, 29311. doi: 10.1038/s41598-024-80408-z Journal - Research Article

Khan, A., & Peeters, R. (2024). Stable cartel configurations and product differentiation: The case of multiple cartels. Mathematical Social Sciences, 132, 57-68. doi: 10.1016/j.mathsocsci.2024.09.004 Journal - Research Article

Chan, N. W., Knowles, S., Peeters, R., & Wolk, L. (2024). On generosity in public good and charitable dictator games. Journal of Economic Behavior & Organization, 224, 624-640. doi: 10.1016/j.jebo.2024.05.027 Journal - Research Article

Ismail, M. S., & Peeters, R. (2024). A connection between von Neumann-Morgenstern expected utility and symmetric potential games. Theory & Decision. Advance online publication. doi: 10.1007/s11238-024-09991-x Journal - Research Article

Bajoori, E., Kreusser, L. M., Peeters, R., & Wolk, L. (2024). Risk aversion in first-price security-bid auctions. Operations Research Letters, 55, 107121. doi: 10.1016/j.orl.2024.107121 Journal - Research Article

2024

Journal - Research Article

Herings, J.-J., Peeters, R., & Tenev, A. P. (2024). Directed reciprocity subverts cooperation in highly adaptive populations. Scientific Reports, 14, 29311. doi: 10.1038/s41598-024-80408-z

Bajoori, E., Kreusser, L. M., Peeters, R., & Wolk, L. (2024). Risk aversion in first-price security-bid auctions. Operations Research Letters, 55, 107121. doi: 10.1016/j.orl.2024.107121

Chan, N. W., Knowles, S., Peeters, R., & Wolk, L. (2024). Measuring strength of altruistic motives. Journal of the Economic Science Association. Advance online publication. doi: 10.1007/s40881-024-00170-w

Bajoori, E., Peeters, R., & Wolk, L. (2024). Security auctions with cash- and equity-bids: An experimental study. European Economic Review, 163, 104702. doi: 10.1016/j.euroecorev.2024.104702

2023

Journal - Research Article

Knowles, S., Peeters, R., Smith, M., & Wesselbaum, D. (2023). Who behaves charitably? Evidence from a global study. Applied Economics. Advance online publication. doi: 10.1080/00036846.2023.2288063

Chan, N. W., Knowles, S., Peeters, R., & Wolk, L. (2023). Cost-(in)effective public good provision: An experimental exploration. Theory & Decision, 96, 397-442. doi: 10.1007/s11238-023-09956-6

Fielding, D., Knowles, S., & Peeters, R. (2023). Timing of rebates and generosity. Journal of Behavioral & Experimental Economics, 107, 102115. doi: 10.1016/j.socec.2023.102115

Flesch, J., Méder, Z. Z., Peeters, R., & Sarafidis, Y. (2023). Intertemporal price discrimination with time-inconsistent consumers. Mathematical Social Sciences, 126, 42-47. doi: 10.1016/j.mathsocsci.2023.09.006

Bos, I., & Peeters, R. (2023). Price competition in a vertizontally differentiated duopoly. Review of Industrial Organization. Advance online publication. doi: 10.1007/s11151-023-09895-0

Peeters, R., & Wesselbaum, D. (2023). Competitiveness in Formula One. Sports Economics Review, 2, 100007. doi: 10.1016/j.serev.2022.100007

Babashahi, S., Hansen, P., & Peeters, R. (2023). External validity of multi-criteria preference data obtained from non-random sampling: Measuring cohesiveness within and between groups. Annals of Operations Research, 325, 939-949. doi: 10.1007/s10479-022-05026-2

2022

Journal - Research Article

Fielding, D., Knowles, S., & Peeters, R. (2022). In search of competitive givers. Southern Economic Journal, 88, 1517-1548. doi: 10.1002/soej.12558

Chan, N. W., Knowles, S., Peeters, R., & Wolk, L. (2022). Perception of generosity under matching and rebate subsidies. Judgment & Decision Making, 17(5), 1058-1071.

Zeng, C., Fielding, D., Peeters, R., & Wesselbaum, D. (2022). Visual imagery skills and risk attitude. Scientific Reports, 12(1), 21415. doi: 10.1038/s41598-022-25627-y

Peeters, R., Rao, F., & Wolk, L. (2022). Small group forecasting using proportional-prize contests. Theory & Decision, 92, 293-317. doi: 10.1007/s11238-021-09825-0

Mengel, F., & Peeters, R. (2022). Do markets encourage risk-seeking behaviour? European Journal of Finance, 28(13-15), 1474-1480. doi: 10.1080/1351847X.2020.1828963

2021

Journal - Research Article

Bayer, P., Herings, P. J.-J., & Peeters, R. (2021). Farsighted manipulation and exploitation in networks. Journal of Economic Theory, 196, 105311. doi: 10.1016/j.jet.2021.105311

Herings, P. J.-J., Peeters, R., Tenev, A. P., & Thuijsman, F. (2021). Naïve imitation and partial cooperation in a local public goods model. Journal of Economic Behavior & Organization, 191, 162-185. doi: 10.1016/j.jebo.2021.07.025

Albertazzi, A., Mengel, F., & Peeters, R. (2021). Benchmarking information aggregation in experimental markets. Economic Inquiry, 59, 1500-1516. doi: 10.1111/ecin.13010

Peeters, R., & Vorsatz, M. (2021). Simple guilt and cooperation. Journal of Economic Psychology, 82, 102347. doi: 10.1016/j.joep.2020.102347

Conference Contribution - Verbal presentation and other Conference outputs

Peeters, R. (2021, June-July). Cost-(in)effective public good provision: An experimental exploration. Verbal presentation at the 61st Annual Conference of the New Zealand Association of Economists (NZAE), [Hybrid].

Working Paper; Discussion Paper; Technical Report

Chan, N. W., Knowles, S., Peeters, R., & Wolk, L. (2021). Cost-(in)effective public good provision: An experimental exploration [Economics Discussion Papers No. 2102]. Dunedin, New Zealand: School of Business, University of Otago. 45p. Retrieved from http://hdl.handle.net/10523/10646

2020

Journal - Research Article

Dhillon, A., Peeters, R., Bartrum, O., & Yüksel, A. M. (2020). Hiring an employee’s friends is good for business: Overcoming moral hazard with social networks. Labour Economics, 67, 101928. doi: 10.1016/j.labeco.2020.101928

Khan, A., & Peeters, R. (2020). Evolution of behavior when duopolists choose prices and quantities. Dynamic Games & Applications, 10, 493-508. doi: 10.1007/s13235-019-00325-z

Working Paper; Discussion Paper; Technical Report

Fielding, D., Knowles, S., & Peeters, R. (2020). In search of competitive givers [Economics Discussion Papers No. 2004]. Dunedin, New Zealand: School of Business, University of Otago. Retrieved from http://hdl.handle.net/10523/10203

2019

Journal - Research Article

Bayer, P., Jean-Jacques Herings, P., Peeters, R., & Thuijsman, F. (2019). Adaptive learning in weighted network games. Journal of Economic Dynamics & Control, 105, 250-264. doi: 10.1016/j.jedc.2019.06.004

Peeters, R., & Wolk, L. (2019). Elicitation of expectations using Colonel Blotto. Experimental Economics, 22, 268-288. doi: 10.1007/s10683-018-9596-x

Embrey, M., Mengel, F., & Peeters, R. (2019). Strategy revision opportunities and collusion. Experimental Economics, 22, 834-856. doi: 10.1007/s10683-018-9580-5

Conference Contribution - Published proceedings: Abstract

Ismail, M. S., & Peeters, R. (2019). Supporting cooperation via agreement equilibrium [Invited]. Proceedings of the New Zealand Microeconomics Study Group (NZMSG) Meeting. Retrieved from https://sites.google.com/view/2019nz-msg-meeting/home

Working Paper; Discussion Paper; Technical Report

Bayer, P., Herings, P. J.-J., & Peeters, R. (2019). Farsighted manipulation and exploitation in networks [GSBE Research Memoranda No. 23]. Maastricht, The Netherlands: Maastricht University Graduate School of Business and Economics. 39p. Retrieved from https://cris.maastrichtuniversity.nl

Other Research Output

Peeters, R. (2019, September). Time inconsistency in games. Mathematics Seminar Series, Department of Mathematics & Statistics, University of Otago, Dunedin, New Zealand. [Department Seminar].

2018

Journal - Research Article

Peeters, R., & Tenev, A. P. (2018). Number of bidders and the winner's curse. B.E. Journal of Economic Analysis & Policy, 18(3). doi: 10.1515/bejeap-2018-0025

Damianov, D. S., & Peeters, R. (2018). Prize-based mechanisms for fund-raising: Theory and experiments. Economic Inquiry, 56(3), 1562-1584. doi: 10.1111/ecin.12570

Herings, P. J.-J., Peeters, R., & Yang, M. S. (2018). Piracy on the Internet: Accommodate it or fight it? A dynamic approach. European Journal of Operations Research, 266(1), 328-339. doi: 10.1016/j.ejor.2017.09.011

Working Paper; Discussion Paper; Technical Report

Peeters, R., & Tenev, A. P. (2018). Number of bidders and the winner's curse [Economics Discussion Papers No. 1802]. Dunedin, New Zealand: School of Business, University of Otago. 6p. Retrieved from http://hdl.handle.net/10523/7839

Peeters, R., & Vorsatz, M. (2018). Simple guilt and cooperation [Economics Discussion Papers No. 1801]. Dunedin, New Zealand: School of Business, University of Otago. 27p. Retrieved from http://hdl.handle.net/10523/7819

2017

Chapter in Book - Research

Peeters, R., Peters, H., Pot, E., & Vermeulen, D. (2017). Repeated games and price wars. In D.-F. Li, X.-G. Yang, M. Ueta & G.-J. Xu (Eds.), Game theory and applications. (pp. 3-17). Singapore: Springer. doi: 10.1007/978-981-10-6753-2_1

Journal - Research Article

Bos, I., Peeters, R., & Pot, E. (2017). Competition versus collusion: The impact of consumer inertia. International Journal of Economic Theory, 13(4), 387-400. doi: 10.1111/ijet.12136

Li, X., & Peeters, R. (2017). Rivalry information acquisition and disclosure. Journal of Economics & Management Strategy, 26(3), 610-623. doi: 10.1111/jems.12198

Damianov, D. S., & Peeters, R. (2017). On the disclosure of ticket sales in charitable lotteries. Economics Letters, 150, 73-76. doi: 10.1016/j.econlet.2016.11.012

Méder, Z. Z., Flesch, J., & Peeters, R. (2017). Naiveté and sophistication in dynamic inconsistency. Mathematical Social Sciences, 87, 40-54. doi: 10.1016/j.mathsocsci.2017.02.002

Khan, A., & Peeters, R. (2017). Imitation and price competition in a differentiated market. Journal of Economic Dynamics & Control, 82, 177-194. doi: 10.1016/j.jedc.2017.06.005

Peeters, R., & Wolk, L. (2017). Eliciting interval beliefs: An experimental study. PLoS ONE, 12(4), e0175163. doi: 10.1371/journal.pone.0175163

2016

Journal - Research Article

Li, X., & Peeters, R. (2016). Cheap talk with multiple strategically interacting audiences: An experimental study. PLoS ONE, 11(10), e0163783. doi: 10.1371/journal.pone.0163783

Peeters, R., Saran, R., & Yüksel, A. M. (2016). Strategic party formation on a circle and Duverger’s Law. Social Choice & Welfare, 47(3), 729-759. doi: 10.1007/s00355-016-0990-z

Khan, A., Peeters, R., Thuijsman, F., & Uyttendaele, P. (2016). Network characteristics enabling efficient coordination: A simulation study. Dynamic Games & Applications, 6(4), 495-519. doi: 10.1007/s13235-015-0169-8

Peeters, R., Strobel, M., Vermeulen, D., & Walzl, M. (2016). The impact of the irrelevant: Temporary buy-options and bidding behavior in auctions. Games, 7(1), 8. doi: 10.3390/g7010008

Journal - Professional & Other Non-Research Articles

Peeters, R. (2016). Editorial comment on “A note on the equivalence of the conjectural variations solution and the coefficient of cooperation” by Escrihuela-Villar, M., The B.E. Journal of Theoretical Economics. Volume 15, Issue 2, Pages 473–480, 2015. B.E. Journal of Theoretical Economics, 16(1), 435. doi: 10.1515/bejte-2015-0129

2015

Journal - Research Article

Khan, A., & Peeters, R. (2015). Imitation by price and quantity setting firms in a differentiated market. Journal of Economic Dynamics & Control, 53, 28-36. doi: 10.1016/j.jedc.2015.01.006

Peeters, R., Vorsatz, M., & Walzl, M. (2015). Beliefs and truth-telling: A laboratory experiment. Journal of Economic Behavior & Organization, 113, 1-12. doi: 10.1016/j.jebo.2015.02.009

Working Paper; Discussion Paper; Technical Report

Peeters, R., & Wolk, L. (2015). Forecasting with Colonel Blotto (RM/15/025). Maastrict, The Netherlands: Maastricht University, Graduate School of Business and Economics (GSBE). 21p.

Mengel, F., & Peeters, R. (2015). Do markets encourage risk-seeking behaviour? (RM/15/042). Maastrict, The Netherlands: Maastricht University, Graduate School of Business and Economics (GSBE). 33p.

2014

Journal - Research Article

Khan, A., & Peeters, R. (2014). Cognitive hierarchies in adaptive play. International Journal of Game Theory, 43(4), 903-924. doi: 10.1007/s00182-014-0410-5

Working Paper; Discussion Paper; Technical Report

Dhillon, A., Peeters, R., & Yüksel, A. M. (2014). Overcoming moral hazard with social networks in the workplace: An experimental approach. Warwick, UK: Centre for Competitive Advantage in the Global Economy, University of Warwick. 27p.

2013

Journal - Research Article

De Silva, D. G., Kosmopoulou, G., Pagel, B., & Peeters, R. (2013). The impact of timing on bidding behavior in procurement auctions of contracts with private costs. Review of Industrial Organization, 42(3), 321-343. doi: 10.1007/s11151-012-9354-8

Peeters, R., & Vorsatz, M. (2013). Immaterial rewards and sanctions in a voluntary contribution experiment. Economic Inquiry, 51(2), 1442-1456. doi: 10.1111/j.1465-7295.2011.00433.x

Pot, E., Flesch, J., Peeters, R., & Vermeulen, D. (2013). Dynamic competition with consumer inertia. Journal of Mathematical Economics, 49(5), 355-366. doi: 10.1016/j.jmateco.2013.07.004

Bos, I., Peeters, R., & Pot, E. (2013). Do antitrust agencies facilitate meetings in smoke-filled rooms? Applied Economics Letters, 20(6), 611-614. doi: 10.1080/13504851.2012.725925

Peeters, R., Vorsatz, M., & Walzl, M. (2013). Truth, trust, and sanctions: On institutional selection in sender-receiver games. Scandinavian Journal of Economics, 115(2), 508-548. doi: 10.1111/sjoe.12003

2012

Journal - Research Article

Wolk, L., & Peeters, R. (2012). Incentives in prediction markets. Journal of Prediction Markets, 6(2), 47-58.

Méder, Z. Z., Flesch, J., & Peeters, R. (2012). Optimal choice for finite and infinite horizons. Operations Research Letters, 40(6), 469-474. doi: 10.1016/j.orl.2012.08.005

Leufkens, K., Peeters, R., & Vorsatz, M. (2012). An experimental comparison of sequential first- and second-price auctions with synergies. B.E. Journal of Theoretical Economics, 12(1), 2. doi: 10.2202/1935-1704.1608

2011

Journal - Research Article

Mengel, F., & Peeters, R. (2011). Strategic behavior in repeated voluntary contribution experiments. Journal of Public Economics, 95(1-2), 143-148. doi: 10.1016/j.jpubeco.2010.10.004

Leufkens, K., & Peeters, R. (2011). Price dynamics and collusion under short-run price commitments. International Journal of Industrial Organization, 29(1), 134-153. doi: 10.1016/j.ijindorg.2009.10.005

2010

Journal - Research Article

Leufkens, K., Peeters, R., & Vermeulen, D. (2010). Sequential auctions with synergies: The paradox of positive synergies. Economics Letters, 109(3), 139-141. doi: 10.1016/j.econlet.2010.08.030

Herings, P. J.-J., Peeters, R., & Yang, M. S. (2010). Competition against peer-to-peer networks. Information Economics & Policy, 22(4), 315-331. doi: 10.1016/j.infoecopol.2010.07.004

2009

Journal - Research Article

Peeters, R., & Strobel, M. (2009). Pricing behavior in asymmetric markets with differentiated products. International Journal of Industrial Organization, 27(1), 24-32. doi: 10.1016/j.ijindorg.2008.02.007

Herings, P. J.-J., & Peeters, R. (2009). Homotopy methods to compute equilibria in game theory. Economic Theory, 42(1), 119-156. doi: 10.1007/s00199-009-0441-5

2008

Journal - Research Article

Peeters, R., Vorsatz, M., & Walzl, M. (2008). Rewards in an experimental sender-receiver game. Economics Letters, 101(2), 148-150. doi: 10.1016/j.econlet.2008.07.016

Leufkens, K., & Peeters, R. (2008). Intertemporal price competition with exogenous demand shocks. Economics Letters, 99(2), 301-303. doi: 10.1016/j.econlet.2007.07.021

2007

Journal - Research Article

Leufkens, K., & Peeters, R. (2007). Synergies are a reason to prefer first-price auctions! Economics Letters, 97(1), 64-69. doi: 10.1016/j.econlet.2007.02.022

2005

Journal - Research Article

Herings, P. J.-J., Peeters, R., & Schinkel, M. P. (2005). Intertemporal market division: A case of alternating monopoly. European Economic Review, 49(5), 1207-1223. doi: 10.1016/j.euroecorev.2003.09.001

Herings, P. J.-J., & Peeters, R. (2005). A globally convergent algorithm to compute all nash equilibria for n-person games. Annals of Operations Research, 137(1), 349-368. doi: 10.1007/s10479-005-2265-4

2004

Journal - Research Article

Herings, P. J.-J., & Peeters, R. J. A. P. (2004). Stationary equilibria in stochastic games: Structure, selection, and computation. Journal of Economic Theory, 118(1), 32-60. doi: 10.1016/j.jet.2003.10.001

2003

Chapter in Book - Research

Herings, P. J.-J., & Peeters, R. J. A. P. (2003). Heterogeneous interacting economic agents and stochastic games. In R. Cowan & N. Jonard (Eds.), Heterogenous agents, interactions and economic performance: Lecture notes in economics and mathematical systems (Vol. 521). (pp. 119-135). Berlin, Germany: Springer-Verlag. doi: 10.1007/978-3-642-55651-7

Journal - Research Article

Herings, P. J.-J., & Peeters, R. J. A. P. (2003). Equilibrium selection in stochastic games. International Game Theory Review, 5(4), 307-326. doi: 10.1142/S0219198903001082

2002

Journal - Research Article

Hendrickx, R., Peeters, R., & Potters, J. (2002). A relation between Nash equilibria and correlated equilibria. International Game Theory Review, 4(4), 405-414. doi: 10.1142/S021919890200077X

2001

Journal - Research Article

Herings, P. J.-J., & Peeters, R. J. A. P. (2001). A differentiable homotopy to compute Nash equilibria of n-person games. Economic Theory, 18(1), 159-185.