Prof. Mishael Milaković, PhD


Feldkirchenstr. 21
96052 Bamberg

Tel: [+49] (951) 863-2582
Fax: [+49] (951) 863-2581

Email: vwl-iwf(at)


Die Sprechstunde findet während des Semesters über Zoom donnerstags von 14.00 bis 15.00 Uhr sowie nach Vereinbarung statt. Bitte melden Sie sich spätestens einen Tag vorher im Sekretariat, um einen Termin zu vereinbaren.

Während des Sommersemesters 2024 wird Prof. Milakovic aufgrund seines Forschungsfreisemesters ausschließlich nach vorherige Terminbuchung über das Sekretariat erreichbar sein.


Mishael Milaković's work focuses on statistical equilibrium economic modeling. The concept of statistical equilibrium rests on the observation that economies are made up of a large number of heterogeneous agents whose interactions give rise to aggregate regularities in the form of statistical distributions, which routinely are neither foreseen nor intended by individual ("optimizing") agents. The aim of his research is to understand which agent interactions are macroeconomically crucial in the sense that they do not cancel out in the process of aggregation.

Milaković has addressed these questions in the fields of finance, industrial dynamics, and income and wealth, where all key variables exhibit remarkable non-Gaussian regularities. He also investigates how the topology of interactions influences market outcomes and distributions. (Publications)


Habilitation, Department of Economics, University of Kiel, 2010

Ph.D. in Economics, New School for Social Research, 2003