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Inefficiency and Regulation in Credence Goods Markets with Altruistic Experts

Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020

provide higher quality services to all consumers. The externality renders the market outcome inefficient. Price regulation … partially overcomes this inefficiency and Pareto-improves upon the market outcome. If market entry of experts is endogenous …, price regulation should be accompanied by licensing arrangements that cap the number of experts in the market. Our theory …

Persistent link: https://www.econbiz.de/10012287878

Size matters! Lying and Mistrust in the Continuous Deception Game

Beck, Tobias - 2020

I present a novel experimental design to measure lying and mistrust as continuous variables on an individual level. My experiment is a sender-receiver game framed as an investment game. It features two players: firstly, an advisor with complete information (i.e., the sender) who is incentivized...

Persistent link: https://www.econbiz.de/10012287818

Price discovery and gains from trade in asset markets with insider trading

Brünner, Tobias; Levinsky, Rene - 2020

The present study contributes to the ongoing debate on possible costs and benefits of insider trading. We present a novel call auction model with insider information. Our model predicts that more insider information improves informational efficiency of prices, but this comes at the expense of...

Persistent link: https://www.econbiz.de/10012287906

Local labor market effects of FDI regulation in Indonesia

Genthner, Robert; Kis-Katos, Krisztina - 2020

Using yearly Indonesian labor market data for 2000 to 2015, we investigate the impact of a protectionist foreign direct investment (FDI) policy reform on employment and wages. The so-called negative investment list regulates FDI at the highly granular product level and has been repeatedly...

Persistent link: https://www.econbiz.de/10012287812

Trust and Reputation under Asymmetric Information

Janas, Moritz; Oljemark, Emilia - 2020

We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...

Persistent link: https://www.econbiz.de/10012287806

Other-Regarding Preferences and Incentives in the Societal Context

Kragl, Jenny; Bental, Benjamin - 2020

The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate economic outcomes. We investigate how different manifestations of other-regarding preferences affect incentive contracts at the microeconomic level and how these in turn translate into...

Persistent link: https://www.econbiz.de/10012287835

Governance and Group Conflict

Kölle, Felix - 2020

Many situations in the social and economic life are characterized by rivalry and conflict between two or more competing groups. Warfare, socio-political conflicts, political elections, lobbying, and R&D competitions are all examples of inter-group conflicts in which groups spend scarce and...

Persistent link: https://www.econbiz.de/10012287803

Equality of the Sexes and Gender Differences in Competition: Evidence from Three Traditional Societies

Schwieren, Christiane; Klonner, Stefan; Pal, Sumantra - 2020

Can gender-balanced social norms mitigate the gender differences in competitiveness that are observed in traditional patriarchic as well as in modern societies? We experimentally assess men's and women's preferences to compete in a traditional society where women and men have similar rights and...

Persistent link: https://www.econbiz.de/10012287811

Gender differences in overconfidence and decision making in high-stakes competitions: evidence from freediving contests

Sonnabend, Hendrik; Lackner, Mario - 2020

This study examines gender differences in overconfidence and decision-making in a high-stakes environment. Using data on more than 40,000 individual attempts from international freediving competitions, we provide evidence that women, on average, are less likely than men to overestimate their...

Persistent link: https://www.econbiz.de/10012287883

Start-up Acquisitions and Innovation Strategies

Schmutzler, Armin; Letina, Igor; Seibel, Regina - 2020

potential competition. …

Persistent link: https://www.econbiz.de/10012287919