Prof. Dr. Tobias Thomas

Prof. Dr. Tobias Thomas
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Prof. Dr. Tobias Thomas is the Director of the economic research institute EcoAustria. In addition, he is adjunct Professor of Economics, in particular Political Economy and Media Impact Analysis, at the Düsseldorf Institute for Competition Economics (DICE) at Heinrich Heine University Düsseldorf as well as CMDS Fellow at the Central European University (CEU) in Budapest. Thomas is Chairman and Founding Member of ECONWATCH – Society for Policy Analysis in Berlin. Furthermore, Thomas is member of the standing field committee for Economic Systems and Institutional Economics of the German Economic Association, one of the largest professional economics associations in Europe.

Thomas studied economics at the Friedrich-Wilhelms-University Bonn and Technical University Berlin before earning his doctorate summa cum laude at Helmut-Schmidt-University Hamburg in 2006. In his research at the interface between economics and psychology, he analyses decision processes and behaviour in economic and political contexts. His research interest includes the economics of policy reforms and the impact of media on perception and behaviour.

In addition to publications in scientific journals, such as the European Journal of Political Economy; European Journal of Law and Economics; Journal of Economic Behavior & Organization; Journal of Forecasting; and the Journal of Neuroscience, Psychology, and Economics, Thomas regularly presents his research at conferences, including the European Public Choice Society, the International Institute of Public Finance, and the German Economic Association. Furthermore, Thomas appears regularly in national and international media.

Research areas

  • Economics of Political Reforms
  • Public Finance
  • Institutional Economics
  • Political Economy
  • Competitiveness

Selected Publications

Benesch, C., Loretz, S., Stadelmann, D. & T. Thomas (2019), Media Coverage and Immigration Worries: Econometric Evidence. Journal of Economic Behavior & Organization, 160, 52-67.

Berlemann, M. & T. Thomas (2019), The Distance Bias in Natural Disaster Reporting. Applied Economics Letters, 16 (12), 1026-1032. 

Dewenter, R., Linder, M. & T. Thomas (2018), Can media drive the electorate? The impact of media coverage on voting intentions. Forthcoming in: European Journal of Political Economy, published online first 24 Dec 2018

Thomas, T., Heß, M. & G. G. Wagner (2017), Reluctant to Reform? A Note on Risk Loving of Politicians and Bureaucrats. Review of Economics, 68, 167-179.

Ulbricht, D., Kholodilin, K. & T. Thomas (2017), Do media data help to predict German industrial production? Journal of Forecasting, 36, 483-496.

Beckmann, K., Dewenter, R. & T. Thomas (2017), Can news draw blood? The impact of media coverage on the number and severity of terror attacks. Peace Economics, Peace Science and Public Policy, 23, 1-16.

Dewenter, R., Heimeshoff U. & T. Thomas (2016), Media Coverage and Car Manufacturers’ Sales. Economics Bulletin, 36, 976-982.

T. Thomas (2013): „What price makes a good a status good? Results from a mating game“, in: European Journal of Law and Economics, 36, 35-55.

T. Thomas (2011): „Taxation of status goods“. In: D. Southerton (Ed.) “Encyclopedia of Consumer Culture”, Thousand Oaks: Sage Publications, 877-880.

Göbel, M., Schneider, A., & Thomas, T. (2010). Consumption behavior and the aspiration for conformity and consistency. Journal of Neuroscience, Psychology, and Economics, 3(2), 83-94.