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, subjects can apply for leadership, whereas in the control treatment, we assign leadership randomly. Results reveal that women … leaders, we find that sorting into leadership is not related to individual honesty preferences. In the control we find that … leadership, as they align dishonest behavior with their belief on group members’ honesty preferences …
Persistent link: https://www.econbiz.de/10012824596
This paper sheds new light on the role of communication for cartel formation. Using machine learning to evaluate free …-form chat communication among firms in a laboratory experiment, we identify typical communication patterns for both explicit … sanctions on communication reinforces the direct cartel-deterring effect of sanctions as collusion is more difficult to reach …
Persistent link: https://www.econbiz.de/10014243096
In this paper we model the interaction between leaders, their followers and crowd followers in a coordination game with local interaction. The steady states of a dynamic best-response process can feature a coexistence of Pareto dominant and risk dominant actions in the population. The existence...
Persistent link: https://www.econbiz.de/10014080054
the countries' authorities, openness, and transparency, consistently with the theory. …
Persistent link: https://www.econbiz.de/10010264578
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10010273734
expulsions of senior Jewish managers, due to rising discrimination in Nazi Germany, affected large corporations. Firms that lost …Large-scale increases in discrimination can lead to dismissals of highly qualified managers. We investigate how … Jewish managers experienced persistent reductions in stock prices, dividends, and returns on assets. Aggregate market value …
Persistent link: https://www.econbiz.de/10013314854
We study whether one reason behind female underrepresentation in leadership is that female leaders are less effective … effective leaders potentially self-confirming. We find no evidence that such bias impacts actual leadership performance …
Persistent link: https://www.econbiz.de/10013314898
We analyze a large-scale survey of owners, managers, and employees of small businesses in the United States to …
Persistent link: https://www.econbiz.de/10013315291
This paper introduces new data on the term in office of central bank governors in 137 countries for 1970-2004. Our panel models show that the probability that a central bank governor is replaced in a particular year is positively related to the share of the term in office elapsed, political and...
Persistent link: https://www.econbiz.de/10013316991
We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would sacrifice shareholder value to avoid controversy on CEO pay, implying they face significant constraints other than participation and incentive compatibility. These constraints...
Persistent link: https://www.econbiz.de/10013220138