Rasmus Pank Roulund

PhD candidate in economics

I’m a phd student in economics at the European University Institute in Florence.

I work on applied microeconomics. I typically use microeconometrics methods, including ordinary regressions, panel data methods, and structural estimation. I am interested in empirical industrial organization, macroeconomic experiments and investment decisions.

You can find my full cv here (or as a pdf). You can also check my sparsely populated blog.

An image of me


Durable investments and subsidies: The case of Danish wind turbines

I propose a model for investment in green technology. In each period, investors have the option to invest in a new piece of capital. The expected value is a function of market prices, policy and the quality of the capital. In addition, capital investment can be delayed, given rise to a real option interpretation of the problem.

Certainty and Decisions in Experimental Asset Markets

This paper examines how expectations are formed in experimental asset markets where bubbles are known to occur frequently. Expectations are recorded by asking participants to forecast future prices as a discrete probability mass distribution. Although there is a known fundamental value, participants certainty in forecast about future prices differ greatly, suggesting different levels of confidence in expectations. While the level of confidence is measured on an individual level, we examine to what extend the market sentiment affect market outcomes.

experimental finance, experimental asset markets, expectations, endogenous news

The Impact of Common Information on Experimental Asset Market Outcomes

This paper addresses the impact of common, endogenous signals in an experimental asset market where bubbles are known to occur frequently. The endogenous signal is the distribution of expectations of the traders in the experimental market. Thus, the signal does not need to reflect the true state of the economy. It is a priori unclear whether inducing such a signal will increase or decrease volatility and length of bubbles from a theoretical point of view. One the one hand, more information should steer the price towards its fundamental value. On the other hand, agents may coordinate to an off-equilibrium path, thus creating bubbles. We also plan to elicit confidence in forecasts to test the relationship between bubbles and coordination with the degree of optimism in the subjects.

experimental finance, experimental asset markets, expectations

Software contributions

I am a supporter of Free Software I contribute to gnu Emacs and in particularly Org mode.


You can contact me by sending an email to rasmus at pank.eu.