Wie signalisieren hochbegabte Bewerber potenziellen Arbeitgebern ihr überdurchschnittliches Talent? Ein prominentes Kriterium ist die Ausbildung, denn Hochschulen lassen sich als Filtereinrichtungen interpretieren, die eine Einteilung von Studierenden in unterschiedliche Qualitätsstufen...

In the past European club football provided a textbook example of the "soft budget constraints phenomenon" initially described by Janos Kornai. As a remedy UEFA introduced the Club Licensing and Financial Fair Play Regulations (FFP). The Break-Even Requirement and the Fair Market Value Principle...

The new UEFA Club Licensing and Financial Fair Play Regulations have encountered stiff criticism. The concerns are that the new regulations may harm football in three different ways: By forgoing the potential benefits from substantial injections of “external” money into payrolls, by...

This paper investigates whether the sentimental preferences of investors influence market efficiency. We use a betting exchange market environment to analyze the influence of sentimental bettors on market efficiency in 2,333 soccer matches played between 2006-2014 during the last three hours of...