Economics staff

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Prof Christoph Schumacher

Professor in Innovation and Economics and Director Knowledge Exchange Hub

Doctoral Supervisor
School of Economics and Finance

Professor in Innovation and Economics and Director Knowledge Exchange Hub

School of Economics and Finance

Professor Christoph Schumacher is Professor of Innovation and Economics at Massey University and Director of the Auckland Knowledge Exchange Hub.

Christoph holds under and post graduate degrees in Engineering, International Business and Economics from Karlsruhe University (Germany), the University of Auckland and Massey University. He has also recently completed a course in Big Data Analytics at the Massachusetts Institute of Technology (USA).

Christoph has previously worked as a business consultant in Germany and New Zealand and joined Massey University in 2003.

Christoph's area of specialisation is game theory with research interests in mathematical economics, machine learning, health economics, sports and economics and experimental game theory. He has published in top international journals such as the Journal of Health Economics, Applied Economics, the European Journal of Marketing, the Journal of Industrial Economics and Economics Letters.

Christoph is an advisor to the Auckland District Health Board and the Auckland Council and has produced several reports for local governments and businesses. In 2002 he was awarded the Jan Whitwell Memorial Prize by the New Zealand Association of Economists for outstanding research by a young scholar.

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Professional

Certifications and Registrations

  • Licence, Supervisor, Massey University

Research Expertise

Research Interests

theoretical micro economics, game theory, health economics, sports economics, forecasting, economic growth theory

Thematics

21st Century Citizenship, Health and Well-being

Area of Expertise

Field of research codes
Economic Theory (140100): Economics (140000): Mathematical Economics (140103): Microeconomic Theory (140104)

Research Outputs

Journal

Schumacher, C. (2022). Effectiveness of hospital transfer payments under a prospective payment system: An analysis of a policy change in New Zealand. Health Economics (United Kingdom). 31(7), 1339-1346
[Journal article]Authored by: Schumacher, C.
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Shin, S., Schumacher, C., & Feess, E. (2017). Do Capitation-based Reimbursement Systems Underfund Tertiary Healthcare Providers? Evidence from New Zealand. Health Economics (United Kingdom). 26(12), e81-e102
[Journal article]Authored by: Schumacher, C.
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Suriadi, S., Susnjak, T., Ponder-Sutton, A., Watters, P., & Schumacher, CR. (2016). Using data-driven and process mining techniques for identifying and characterizing problem gamblers in New Zealand. Complex Systems Informatics and Modeling Quarterly. 9, 44-66
[Journal article]Authored by: Schumacher, C., Susnjak, T.
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Feess, E., Müller, H., & Schumacher, C. (2016). Estimating risk preferences of bettors with different bet sizes. European Journal of Operational Research. 249(3), 1102-1112
[Journal article]Authored by: Schumacher, C.
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Geertsema, P., & Schumacher, CR. (2016). Parimutuel contests with strategic risk-sensitive bettors. Applied Economics. 48(12), 1140-1158
[Journal article]Authored by: Schumacher, C.
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Feess, E., Müller, H., & Schumacher, C. (2014). The favorite-longshot bias and the impact of experience. Business Research. 7(2), 217-234
[Journal article]Authored by: Schumacher, C.
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Schumacher, C. (2013). Where's the long-term innovation plan?. Massey News. (28 May) Retrieved from https://www.massey.ac.nz/massey/about-massey/news/article.cfm?mnarticle_uuid=1EB0E717-AD9E-F02E-812C-D46F24A5CC9E
[Journal article]Authored by: Schumacher, C.
Feess, E., & Schumacher, CR. (2013). The elasticity of demand for wagering in an unregulated market. Applied Economics. 45(15), 2083-2090
[Journal article]Authored by: Schumacher, C.
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Arin, KP., Koyuncu, M., & Schumacher, C. (2012). Trans-Tasman Transmission of Government Spending Shocks. Australian Economic Papers. 51(4), 167-188
[Journal article]Authored by: Schumacher, C.
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Schumacher, C. (2012). Reserve Bank's inflation goal needs rethink. The National Business Review Newspaper. (16 November), 10-10 Retrieved from http://www.nbr.co.nz/article/reserve-banks-inflation-goal-needs-rethink-132568
[Journal article]Authored by: Schumacher, C.
Schumacher, CR. (2012). Solving smart phone patent war. The National Business Review. , 9-9 Retrieved from http://www.nbr.co.nz/article/solving-smartphone-patent-war-128372
[Journal article]Authored by: Schumacher, C.
Geertsema, P., & Schumacher, CR. (2012). Optimal costly information gathering in public service provision. Theoretical Economics Letters. 2(3), 330-336 Retrieved from http://file.scirp.org/Html/18-1500173_21517.htm
[Journal article]Authored by: Schumacher, C.
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Parsons, AG., & Schumacher, C. (2012). Advertising regulation and market drivers. European Journal of Marketing. 46(11), 1539-1558
[Journal article]Authored by: Schumacher, C.
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Schumacher, C. (2012). Margin call: Profits survive lending squeeze. The National Business Review Newspaper. (May 25), 20-20 Retrieved from http://www.nbr.co.nz/article/margin-call-profits-survive-lending-squeeze-119703
[Journal article]Authored by: Schumacher, C.
Schumacher, C. (2012). Banking industry forecasts. Financial Institutions Performance Survey: Review of 2011: What is the positive outcome of the GFC?. , 34-35
[Journal article]Authored by: Schumacher, C.
Schumacher, CR. (2011). Disaster economics contains silver lining. The National Business Review. (March 11, 2011), 17-17 Retrieved from http://www.nbr.co.nz/article/disaster-economics-contains-silver-lining-88328
[Journal article]Authored by: Schumacher, C.
Altintig, ZA., Arin, KP., Feess, E., & Schumacher, C. (2009). You are one of us now! how do share prices of rivals react to privatization?. Journal of Industrial Economics. 57(2), 265-293
[Journal article]Authored by: Schumacher, C.
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Lippert, S., & Schumacher, C. (2009). Hopping on the methadone bus. Journal of Health Economics. 28(3), 728-736
[Journal article]Authored by: Schumacher, C.
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Mukerji, N., & Schumacher, CR. (2008). How to have your cake and eat it too: Resolving the efficiency-equity trade-off in minimum wage legislation. Journal of Interdisciplinary Economics. 19(4), 315-340
[Journal article]Authored by: Schumacher, C.
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Schumacher, C., & Spoonley, P. (2008). Estimating economic impacts in New Zealand: Technical issues. New Zealand Geographer. 64(3), 221-227
[Journal article]Authored by: Schumacher, C.
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Feess, E., & Schumacher, CR. (2006). Why costless auditing may reduce social welfare. Economics Letters. 90(3), 407-411
[Journal article]Authored by: Schumacher, C.
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Schumacher, CR. (2006). Trust: A source of success in strategic alliances?. Schmalenbach Business Review. 58(3), 259-278 Retrieved from http://www.sbr-online.de/pdfarchive/einzelne_pdf/sbr_2006_july-259-278.pdf
[Journal article]Authored by: Schumacher, C.
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Schumacher, CR. (2005). Trust - A substitute or complement for control? Evidence from Germany. Journal of Interdisciplinary Economics. 16(3), 307-322
[Journal article]Authored by: Schumacher, C.
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Book

Mukerji, N., & Schumacher, C. (2016). Is the minimum wage ethically justifiable? An order-ethical answer. In Order Ethics: An Ethical Framework for the Social Market Economy. (pp. 279 - 292).
[Chapter]Authored by: Schumacher, C.
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Mukerji, N., & Schumacher, C. (2016). Order ethics, economics, and game theory. In Order Ethics: An Ethical Framework for the Social Market Economy. (pp. 93 - 107).
[Chapter]Authored by: Schumacher, C.
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Schumacher, C., & Ruhnau, S. (2013). Banking industry forecasts. J. Kensington (Ed.): KPMG
[Monograph]Authored by: Schumacher, C.
Feess, E., & Schumacher, CR. (2001). Zwischenbetriebliche kooperationen. In PJJ. Ed (Ed.) Die Spieltheorie in der Betriebs-wirtschaftslehre. (pp. 287 - 305). Stuttgart, Germany: Schaffer Poeschel
[Chapter]Authored by: Schumacher, C.

Thesis

Schumacher, CR. (2001). Small and medium-sized enterprise co-operation: A game-theoretical examination of trust. (Doctoral Thesis, Massey University)
[Doctoral Thesis]Authored by: Schumacher, C.

Report

Susnjak, T., & Schumacher, C.(2018). Towards Real-Time GDP Prediction. : Knowledge Exchange Hub, Massey University
[Technical Report]Authored by: Schumacher, C., Susnjak, T.
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Schumacher, C., Fousekis, P., Rutherfurd, S., & Murphy, AJ. (2015). The global protein market: An assessment of the current situation and future trends. Massey Business School.
[Commissioned Report]Authored by: Murphy, A., Schumacher, C.
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Schumacher, CR. (2005). Economic impact on the Northland economy of the Northland Polytechnic's proposed zero fee policy. Department of Commerce, Massey University.
[Commissioned Report]Authored by: Schumacher, C.
Schumacher, CR. (2005). Massey University (Albany) economic and welfare contribution to the north shore city region. Massey University.
[Commissioned Report]Authored by: Schumacher, C.
Schumacher, CR. (2005). The economic burden of traffic congestion in North Shore City: A review of literature, options for estimation and solutions. Massey University.
[Commissioned Report]Authored by: Schumacher, C.

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Schumacher, CR., & Arin, KP. (2004). Economic impact of the Smales Farm Technology Office Park on the North Shore and New Zealand economy: An analysis of output, expenditure, jobs, and fiscal impact. Massey University, Department of Commerce.
[Commissioned Report]Authored by: Schumacher, C.
Schumacher, CR., Lysnar, P., McLaren, EG., Arin, KP., & Spoonley, P. (2004). Smales Farm Technology Office Park: A social and economic impact study. Massey University, School of Social and Cultural Studies and Department of Commerce.
[Commissioned Report]Authored by: Schumacher, C.
Schumacher, C., Cheyne, CM., & Espie, N.Review of New Zealand’s Long-distance Bus Market.
[Commissioned Report]Authored by: Schumacher, C.
Schumacher, CR., & Parlane, JD.Massey University Economic and Welfare Contribution of the Albany Campus to the Auckland Region and the Economic Contribution of Extramural Studies to Multiple Regions of New Zealand. Prepared for Massey University Council, 2011.
[Technical Report]Authored by: Schumacher, C.

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Conference

suriadi, S., Susnjak, T., Ponder-Sutton, ., Watters, P., & schumacher, . (2016). Characterizing problem gamblers in New Zealand: A novel expression of process cubes. Proceedings of the CAiSE’16 Forum at the 28th International Conference on Advanced Information Systems Engineering.
[Conference Paper in Published Proceedings]Authored by: Schumacher, C., Susnjak, T.
Suriadi, S., Susnjak, T., Ponder-Sutton, AM., Watters, PA., & Schumacher, C.Characterizing problem gamblers in New Zealand: A novel expression of process cubes. CEUR Workshop Proceedings. (pp. 185 - 192). 1613-0073.
[Conference]Authored by: Schumacher, C., Susnjak, T.
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Schumacher, CR., Feess, E., & Mueller, H.Gender behavior in betting markets. . Oslo
[Conference Paper]Authored by: Schumacher, C.
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Parsons, AG., Schumacher, C., & Thompson, A-M.Social Tolerance, Advertising Regulation, and Market Drivers. JOURNAL OF MACROMARKETING. 29 (4)(pp. 427 - 427). 0276-1467.
[Conference]Authored by: Schumacher, C.
Lippert, S., & Schumacher, CR.(2008). Hopping on the methodone bus. . Bond University, Gold Coast, QLD
[Conference Paper]Authored by: Schumacher, C.
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Lippert, S., & Schumacher, CR.(2007). Hopping on the methadone bus. . Cesme, Izmir, Turkey
[Conference Paper]Authored by: Schumacher, C.
Chan, D., Schumacher, CR., & Tripe, DW. (2007). Bank competition in New Zealand and Australia. 12th Finsia-Melbourne Centre for Financial Studies Banking and Finance Conference. (pp. unpaged - 22).
[Conference Paper in Published Proceedings]Authored by: Schumacher, C.
Altintig, A., Arin, KP., Feess, E., & Schumacher, CR. (2006). You are one of us now!: How do encumbent private firms react top privatization. The Middle East Economic Association Annual Meeting. (pp. 1 - 17).
[Conference Paper in Published Proceedings]Authored by: Schumacher, C.
Altintig, A., Arin, KP., Feess, E., & Schumacher, CR.(2006). You are one of us now!: How do incumbent private firms react to privatization?. . Cesme, Izmir, Turkey
[Conference Paper]Authored by: Schumacher, C.
Feess, E., & Schumacher, CR.(2005). Why costless auditing may reduce social welfare. . Izmir, Turkey
[Conference Paper]Authored by: Schumacher, C.
Schumacher, CR. (2003). Trust versus control in co-operative relationships of small and medium-sized enterprises. New Zealand Association of Economists Annual Conference. (pp. unpaged). Wellington, NZ
[Conference Paper in Published Proceedings]Authored by: Schumacher, C.
Schumacher, CR. (2003). Small and medium sized enterprise co-operation: The influence of trust on structure and performance. (pp. unpaged). , Small Enterprise Association of Australia and New Zealand 16th Annual Conference Melbourne, VIC: Seaanz
[Conference Abstract]Authored by: Schumacher, C.
Schumacher, CR. (2002, June). The influence of trust on the SME co-operation structuring and performance. Presented at New Zealand Association of Economists Annual Conference. Wellington, NZ.
[Conference Oral Presentation]Authored by: Schumacher, C.
Schumacher, CR., & Moyle, BJ. (2001, June). Small and medium sized enterprises: Trust and co-operative agreements. Presented at New Zealand Association of Economists Annual Conference. Christchurch, NZ.
[Conference Oral Presentation]Authored by: Moyle, B., Schumacher, C.
Schumacher, CR., & Moyle, BJ. (2001). Small and medium-sized enterprises: Trust and co-operative agreements. New Zealand Association of Economists Conference 2001. (pp. unpaged). Wellington, NZ
[Conference Paper in Published Proceedings]Authored by: Moyle, B., Schumacher, C.

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Other

Schumacher, CR., Werman, M., & Moss, A. (2017). Lessons learned from America.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2017). Banking industry forecasts: Financial institutions performance survey: Review of 2016. (pp. 82 - 87). KPMG
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2016). Future New Zealand: 2017: The beginning of the end for the EU?. New Zealand Herald
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2016). Banking industry forecasts. Financial institutions performance survey: Review of 2015. (pp. 44 - 46).
[Other]Authored by: Schumacher, C.
Schumacher, CR., & Espie, N. (2015). Incentives and penalties for unfair play. NZ Herald
[Other]Authored by: Schumacher, C.

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Schumacher, CR., & Espie, N. (2015). Football and business - strategic thinking when it really counts..
[Other]Authored by: Schumacher, C.
Schumacher, CR., & Espie, N. (2015). Here's what business can learn from soccer.. NZ Herald
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2015). The Greek-eurozone 'Chicken' game.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2015). Banking industry forecasts. (pp. 42 - 46).
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2014). Closing the Opportunity Gap.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2014, April). Economic Growth: Solving an Impossibility Theorem.
[Oral Presentation]Authored by: Schumacher, C.
Schumacher, CR., & Molchanov, A. (2014). Govt more interested in selling up than price efficiency. (pp. B5 - B5). The New Zealand Herald
[Other]Authored by: Molchanov, A., Schumacher, C.
Schumacher, CR. (2014). Time to find new export markets.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2014). Time to look beyond Australia.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2014). Prize money simple way to find Halberg Award winner. (pp. A37 - A37). The New Zealand Herald
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2013). Banking Industry Forecasts. Financial Institutions Performance Survey: Review of 2012. (pp. 37 - 39).
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2013). Banking industry forecasts. (pp. 37 - 39). KPMG
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2013). Where's the long-term innovation plan?. Massey News
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012). Banking Industry Forecasts. Financial Institutions Performance Survey: Review of 2011. (pp. 34 - 35).
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012). Margin call: Profits survive lending squeeze.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012). Solving smart phone patent war.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012). Reserve Bank's inflation goal needs rethink.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012). Our big fat Greek tragedy.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012). Anzac dollar worth considering. (pp. A26 - A26).
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012). Businesses need more relevant research.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012). Greece too big to fail.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2012, April). Girls will be girls: What determines betting success?. In Seminar series of the Faculty of Business and Law, AUT, Auckland, New Zealand.
[Oral Presentation]Authored by: Schumacher, C.
Schumacher, CR. (2011). Disaster economics contains silver lining.
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2011, November). Game Theory and Health Management. In Auckland District Health Board, Auckland, New Zealand.
[Oral Presentation]Authored by: Schumacher, C.
Schumacher, CR. (2010, June). Optimal Monitoring Systems for Home-based Support Services. In Auckland District Health Board, Auckland, New Zealand.
[Oral Presentation]Authored by: Schumacher, C.
Schumacher, CR. (2010, June). Demand for Horse Wagering in an Unregulated Market.. In Karlruhe Institute of Technology Seminar Series, Karlsruhe, Germany. Presented at Karlsruhe.
[Oral Presentation]Authored by: Schumacher, C.
Schumacher, CR. (2009, February). The Impact of Flat-fee Hospital Funding Systems on Service Quality. In Auckland District Health Board, Auckland, New Zealand.
[Oral Presentation]Authored by: Schumacher, C.
Altintig, A., Arin, KP., Feess, E., & Schumacher, CR. (2006). You are one of us now! How do incumbent private firms react to privatization?. (pp. 1 - 19). : Department of Commerce, Massey University
[Working Paper]Authored by: Schumacher, C.
Schumacher, CR., Bulmer, SL., & Eagle, LC. (2005). The games marketers play: Perspectives on marketing communication, self-regulation and game theory. In Massey University, College of Business, Department of Commerce Working Paper Series: Massey University, College of Business, Department of Commerce
[Working Paper]Authored by: Bulmer, S., Schumacher, C.
Feess, E., & Schumacher, C. (2006). Why costless auditing may reduce social welfare. (pp. 407 - 411).
[Working Paper]Authored by: Schumacher, C.
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Schumacher, CR. (2004). Trust - A source of success in strategic alliances. Massey University, Department of Commerce
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2004). Is trust a substitute or complement for safeguards? Evidence from Germany. (pp. 1 - 22). Massey University, Department of Commerce
[Other]Authored by: Schumacher, C.
Schumacher, CR. (2003). Is trust actually more than a second-best option to safeguards?. In Department of Commerce Working Paper Series: Department of Commerce, Massey University
[Working Paper]Authored by: Schumacher, C.
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Teaching and Supervision

Contact Supervisor

Summary of Doctoral Supervision

Position Current Completed
Main Supervisor 0 1
Co-supervisor 0 2

Completed Doctoral Supervision

Main Supervisor of:

  • 2014 - Somi Shin - Doctor of Philosophy
    Performance measures, reimbursement and behaviour of public health care providers in New Zealand

Co-supervisor of:

  • 2023 - Nicolle Montgomery - Doctor of Philosophy
    Conceptualizing the challenges and contextual factors affecting property crowdfunding in New Zealand, and the response strategies of the real estate p
  • 2023 - Foroogh Farzami - Doctor of Philosophy
    The dynamics of liquidity networks

Media and Links

Media

  • 29 Apr 2019 - Online
    Measuring wellbeing through shared prosperity
  • 29 Apr 2019 - Radio
    Measuring who does well, and who does not, from ou
    Radio New Zealand interview with Christoph Schumacher about the Shared Prosperity Index
  • 26 May 2016 - Newspaper
    Hitech developments
    Citation in newspaper
  • 26 May 2016 - Newspaper
    2016 Budget - anything new?
    opinion piece in the Manawatu Standard
  • 26 Apr 2018 - Newspaper, Online
    Regions benefit from transport spend
    Christoph Schumacher interviewed by stuff.co.nz about effect of $28 billion Auckland transport spend. Massey University economics professor Christoph Schumacher said major transport improvements would
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  • 22 May 2018 - Online
    NZ Budget 2018
    Christoph Scumacher writes for scoop.co.nz about the NZ 2018 Budget and the likely gains for health, housing and education in fiscally conservative budget.
  • 18 Dec 2018 - Online
    Real time GDP
    Blog
  • 17 May 2018 - Newspaper, Online
    Strange calmness on NZ Budget day
    Christoph Schumacher writes an article for the NZHerald on what is likely to be in the 2018 Budget.
  • 17 Jan 2019 - Online
    New Massey University portal tracks GDP in real ti
  • 17 Dec 2018 - Newspaper, Online
    AI computer to deliver real time GDP data
  • 17 Dec 2018 - Newspaper, Online
    KiwiRail helps measure economic growth in real tim
  • 17 Dec 2018 - Newspaper, Online
    Massey launches new GDP tracker
  • 17 Dec 2018 - Newspaper, Online
    Massey University launches a real-time GDP tracker
  • 17 Dec 2018 - Newspaper, Online
    Real-time GDP tracker born out of frustration
  • 17 Dec 2018 - Online
    A review of things you need to know before you go
  • 17 Dec 2018 - Online, Community Service, Magazine
    New Massey University portal tracks GDP in real ti
  • 16 Jan 2016 - Newspaper
    Petrol prices
    Cited in Dominion
  • 15 Nov 2017 - Other
    PwC Herald Talks Series
    Panelist on the PwC Herald Talk series on the Sharing Economy
  • 15 May 2018 - Online
    Will Labour's first Budget whip up a storm?
    Christoph Schumacher discusses the likely impact of the Labour government's first budget.
  • 14 Feb 2018 - Television, Online
    Universal Basic Income
    Christoph Schumacher appeared on the AM show to discuss the concept of a universal basic income and whether it had a place in modern New Zealand.
  • 13 Nov 2018 - Online
    Healthcare funding analysis wins Research Translat
    News service
  • 04 Feb 2019 - Radio
    Workers Doing Nothing about Low Pay
    Christoph Schumacher talks to Wallace Chapman on Radio NZ about New's Zealand's relatively low pay rates compared to other countries. Given we have close to full employment why are pay rates not risin
  • 02 Nov 2019 - Newspaper, Online
    Choosing to Grab Happiness when you can
    C. Schumacher interviewed by national media on the economics of happiness.
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Last updated on Wednesday 23 August 2023