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~person:"Schmidt, Klaus M."
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Search: subject:"prospect theory"
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Prospect Theory
15
Prospect theory
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Verhandlungstheorie
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Auction theory
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Auktionstheorie
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Beschaffung
6
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Unvollständiger Vertrag
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prospect theory
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reference point
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risk
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Schmidt, Klaus M.
Schmidt, Ulrich
55
Vieider, Ferdinand M.
42
Hlouskova, Jaroslava
33
Hens, Thorsten
32
Zank, Horst
32
Rieger, Marc Oliver
30
Abdellaoui, Mohammed
27
Weber, Martin
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Barberis, Nicholas
24
Bleichrodt, Han
23
Levy, Haim
23
Dertwinkel-Kalt, Markus
22
Qiu, Jianying
22
Langer, Thomas
21
Ahrens, Steffen
20
Bruhin, Adrian
20
Fehr-Duda, Helga
20
Herweg, Fabian
20
Wakker, Peter P.
20
Dhami, Sanjit
19
Karle, Heiko
19
Snower, Dennis J.
19
De Giorgi, Enrico
18
Dhami, Sanjit S.
18
Nguyen, Quang
18
Pirschel, Inske
18
Wang, Mei
18
L'Haridon, Olivier
17
List, John A.
17
Kanbur, Ravi
16
Kontek, Krzysztof
16
Mußhoff, Oliver
16
Paraschiv, Corina
16
Piolatto, Amedeo
16
Steiger, Eva-Maria
16
al-Nowaihi, Ali
16
Al-Nowaihi, Ali
15
Bahaji, Hamza
15
Blavatskyy, Pavlo
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ECONIS (ZBW)
14
EconStor
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1
Loss aversion
Imai, Taisuke
;
Schmidt, Klaus M.
-
2023
-
This version: November 21, 2023
prospect
theory
and, according to Daniel Kahneman, “the most significant contribution of psychology to behavioral economics …
Persistent link: https://www.econbiz.de/10014487321
Saved in:
2
Loss aversion
Imai, Taisuke
;
Schmidt, Klaus M.
-
2023
-
This version: November 21, 2023
prospect
theory
and, according to Daniel Kahneman, "the most significant contribution of psychology to behavioral economics …
Persistent link: https://www.econbiz.de/10014451904
Saved in:
3
Organizational change and reference-dependent preferences
Schmidt, Klaus M.
;
Wangenheim, Jonas von
-
2023
-
This version: October 4, 2023
Reference-dependent preferences can explain several puzzling observations about organizational change. We introduce a dynamic model in which a loss-neutral firm bargains with loss-averse workers over organizational change and wages. We show that change is often stagnant or slow for long periods...
Persistent link: https://www.econbiz.de/10014495909
Saved in:
4
Loss aversion
Imai, Taisuke
;
Schmidt, Klaus M.
-
2023
prospect
theory
and, according to Daniel Kahneman, "the most significant contribution of psychology to behavioral economics …
Persistent link: https://www.econbiz.de/10014540403
Saved in:
5
Auctions versus negotiations : the effects of inefficient renegotiation
Herweg, Fabian
;
Schmidt, Klaus M.
-
2017
-
This version: January 29, 2017
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation. If the buyer can specify the main characteristics of possible design improvements in a complete contingent contract, a scoring auction implements the efficient allocation. If this...
Persistent link: https://www.econbiz.de/10011596132
Saved in:
6
Auctions vs. negotiations : the effects of inefficient renegotiation
Herweg, Fabian
;
Schmidt, Klaus M.
-
2015
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms auctions if sellers are likely to have superior information...
Persistent link: https://www.econbiz.de/10010496962
Saved in:
7
Auctions vs. Negotiations : The Effects of Inefficient Renegotiation
Herweg, Fabian
-
2015
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms auctions if sellers are likely to have superior information...
Persistent link: https://www.econbiz.de/10013024680
Saved in:
8
Auctions vs. negotiations : the effects of inefficient renegotiation
Herweg, Fabian
;
Schmidt, Klaus M.
-
2014
-
This version: November 25, 2014
For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex post. We show that this is achieved by bilateral negotiations but not by auctions. Negotiations strictly outperforms auctions if sellers are likely to have superior information...
Persistent link: https://www.econbiz.de/10010439677
Saved in:
9
Loss aversion and inefficient renegotiation : conference paper
Herweg, Fabian
;
Schmidt, Klaus M.
-
2014
-
This version: December 9, 2013
We propose a theory of inefficient renegotiation that is based on loss aversion. When two parties write a long-term contract that has to be renegoti- ated after the realization of the state of the world, they take the initial contract as a reference point to which they compare gains and losses...
Persistent link: https://www.econbiz.de/10010487344
Saved in:
10
Loss aversion and ex post inefficient renegotiation : conference paper
Herweg, Fabian
;
Schmidt, Klaus M.
-
2013
-
This version: November 15, 2012
We propose a theory of ex post inefficient renegotiation that is based on loss aversion. When two parties write a long-term contract that has to be renegotiated after the realization of the state of the world, they take the initial contract as a reference point to which they compare gains and...
Persistent link: https://www.econbiz.de/10010342285
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