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Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2010

, increased division of labor in research, intense publication pressure, academic fraud, dilution of the concept of “university …

Persistent link: https://www.econbiz.de/10008672224

Growth of Electoral Fraud in Non-Democracies: The Role of Uncertainty

Vorobyev, Dmitriy - Center for Economic Research and Graduate Education and … - 2010

Electoral fraud has become an integral part of electoral competition both in established democracies and less …-than-democratic regimes. In this paper I study electoral fraud in the non-democratic setting. First, I present evidence of fraud … theoretical model that explains the observed tendency of growing fraud. Specifically, in a probabilistic voting model of electoral …

Persistent link: https://www.econbiz.de/10008751894

Participation in Fraudulent Elections

Vorobyev, Dmitriy - Center for Economic Research and Graduate Education and … - 2014

electoral fraud affects the participation decisions of voters. I find that two stable equilibria may exist: first, a full … creates coordination incentives for the challenger's supporters, higher fraud does not always benefit the incumbent, even when … relationship between fraud and victory margin and a negative effect of fraud on turnout. …

Persistent link: https://www.econbiz.de/10010842888

Corporate Governance for Crooks? The Case for Corporate Virtue

Osterloh, Margit; Frey, Bruno S. - Institut für Volkswirtschaftslehre, …

Corporate scandals are reflected in excessive top management compensation and fraudulent accounts. These scandals cause an enormous amount of damage, not only to the companies affected, but also to the market economy as a whole. As a solution, conventional wisdom suggests more monitoring and...

Persistent link: https://www.econbiz.de/10005760916

Evidence for countercyclical risk aversion: an experiment with financial professionals

Cohn, Alain; Engelmann, Jan; Fehr, Ernst; Maréchal, … - Institut für Volkswirtschaftslehre, … - 2013

A key ingredient of many popular asset pricing models is that investors exhibit countercyclical risk aversion, which helps explain major economic puzzles such as the strong and systematic variation in risk premiums over time and the high volatility of asset prices. There is, however,...

Persistent link: https://www.econbiz.de/10011240398

Generosity across contexts

Weber, Roberto A.; Davis, Alexander L.; Jehli, Nadja R.; … - Institut für Volkswirtschaftslehre, … - 2011

Extensive research in economics explores generosity in monetary allocations. However, generosity often involves the allocation of non-monetary goods or experiences. Existing evidence suggests that generosity may be higher in such contexts, though no direct comparison exists. Here, we compare...

Persistent link: https://www.econbiz.de/10011203012

Reverse Common Ratio Effect

Blavatskyy, Pavlo R. - Institut für Volkswirtschaftslehre, … - 2010

The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent decision theories— stochastic expected utility theory...

Persistent link: https://www.econbiz.de/10008625739

Pre-Play communication with forgone costly messages: experimental evidence on forward induction

Blume, Andreas; Weber, Roberto A.; Kriss, Peter H. - Institut für Volkswirtschaftslehre, … - 2011

-play messages. In a laboratory experiment, we modify communication by making the sending of messages optional and costly. Even small …

Persistent link: https://www.econbiz.de/10009358877

How do informal agreements and renegotiation shape contractual reference points?

Fehr, Ernst; Hart, Oliver; Zehnder, Christian - Institut für Volkswirtschaftslehre, … - 2011

Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)’s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post...

Persistent link: https://www.econbiz.de/10009358972

Overcoming Consumer Biases in the Choice of Pricing Schemes: A Lab Experiment

Shestakova, Natalia - Center for Economic Research and Graduate Education and … - 2010

This paper uses experimental data to investigate possible biases in consumers' choice of pricing schemes when their demand is perfectly inelastic but uncertain. I consider threepart pricing schemes (i.e. fixed fee, included units, extra-unit price). The analysis suggests a strong bias towards...

Persistent link: https://www.econbiz.de/10008751900