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Tournaments are designed to enhance participants’ effort and productivity. However, ranking near the top may increase psychological pressure and reduce performance. We empirically study the impact of interim rank on performance using data from international diving tournaments. We find that...
Persistent link: https://www.econbiz.de/10011266093
We investigate the salary returns to the ability to play football with both feet. The majority of footballers are predominantly right footed. Using two data sets, a cross-section of footballers in the five main European leagues and a panel of players in the German Bundesliga, we find robust...
Persistent link: https://www.econbiz.de/10010745445
Romania has one of the highest mortality rates in Europe for ischemic heart disease and, especially, for cerebrovascular disease. Taking into account the actual prevalence of cardiovascular diseases, an augmentation of the demand for specialized medical services is expected. As this paper...
Persistent link: https://www.econbiz.de/10011126421
We analyze the impact of interim ranking on the risk taking and performance behaviour of professional athletes participating in international weightlifting competitions. Weightlifting competitions are multistage tournaments with the unique characteristic that the athletes must announce in...
Persistent link: https://www.econbiz.de/10011071349
We analyse how German tourists react to unanticipated shocks that alter their risk perception of selected tourism destinations. Using a difference-in-difference strategy which flexibly accounts for macroeconomic conditions and also addresses potential problems of serial correlation, we isolate...
Persistent link: https://www.econbiz.de/10011201253
. Our model is well-suited to study the contagion-like eects of liquidity shocks. …
Persistent link: https://www.econbiz.de/10010884503
Financial contagion is modeled as an equilibrium phenomenon in a dynamic setting with incomplete information and … failure of a financial institution. We show that contagion is possible in the unique equilibrium of the economy and … of contagion risk. Our results suggest that when the probability of bank failure is low, maximal levels of interbank …
Persistent link: https://www.econbiz.de/10010884582
for positive default levels in equilibrium. It also characterises contagion and financial fragility as an equilibrium …
Persistent link: https://www.econbiz.de/10010884714
proxies. The model is especially well-suited to study the contagion-like effects of liquidity shocks. …
Persistent link: https://www.econbiz.de/10011171758
What are the macroeconomic implications of changes in sovereign risk premia? In this paper, I use a novel identification strategy coupled with a new dataset for the Euro Area to answer this question. I show that exogenous innovations in sovereign risk premia were an important driver of the...
Persistent link: https://www.econbiz.de/10011126365