that, when the penalties are already high, the antitrust policy aiming at a further increase in the severity of punishment … is less efficient than the policy that increases the probability of punishment. …

economic environment on the investment decision of the firm.We propose a method to model the impact of a policy change on … ensures the consistency of the action of the policy maker. We model the policy change as an upward jump in the (net … levels.Finally, we present policy implications for the authority that result from the firm's value-maximizing behavior. …

Because of its relation to economic growth, there is a policy interest in measuring social capital and average trust as … laboratory experiments and survey data and present results from an economic experiment conducted using a representative sample of …

bookmaker data. We find that, after<br/>the head-coach has been replaced, teams perform better than before. However, the<br/>performance … replacement of head-coaches does<br/>not improve team performance. …

Abstract: Economics seems largely based on the assumption that monetary incentives improve performance. By contrast, a … present and discuss a set of experiments designed to test the effect of different monetary compensations on performance. In … our experiments we find that whenever money is offered, a larger amount yields a higher performance. It is not true …