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Capacity Investment Under Demand Uncertainty - An Empirical Study of the US Cement Industry, 1994-2006
Ponssard, Jean-Pierre - 2010
Uncertainty about the level of demand is thought to influence irreversible capacity decisions. This paper examines some implications of the theory literature on this topic in an empirical study of the US cement industry between 1994 and 2006. Firms in this sector have the ability to deliver...
Persistent link: https://www.econbiz.de/10013138028
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Deception Under Time Pressure : Conscious Decision or a Problem of Awareness?
Konrad, Kai A. - 2017
intuitive decision while others allow for extensive reflection time. To be able to pursue a deceptive strategy, however, a … dimension for dishonest decision-making and for the cognition process of the chance to deceive. We conduct a laboratory … opportunity and the conscious decision to misreport, reveals that more reflection time increases awareness of the misreporting …
Persistent link: https://www.econbiz.de/10012945055
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Offshoring along the Production Chain
Harms, Philipp - 2009
Recent contributions on off shoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production...
Persistent link: https://www.econbiz.de/10012764740
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Noblesse Oblige? Determinants of Survival in a Life and Death Situation
Frey, Bruno S. - 2008
This paper explores the determinants of survival in a life-and-death situation created by an external and unpredictable shock. We are interested in seeing whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural...
Persistent link: https://www.econbiz.de/10012769705
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Error Prone Inference from Response Time : The Case of Intuitive Generosity
Recalde, Maria P. - 2017
Research on public-good games reveals greater contributions by fast decision-makers than by slow decision …, we find that fast decision-makers give more than slow decision-makers when the equilibrium is below the mid-point of the …. Consistent with mistakes decreasing with decision time, we find that individuals who make (or have to make) fast decisions are …
Persistent link: https://www.econbiz.de/10012972651
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The Effect of Language on Economic Behavior : Experimental Evidence from Children's Intertemporal Choices
Sutter, Matthias - 2015
According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We complement...
Persistent link: https://www.econbiz.de/10013013093
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Levelized Product Cost : Concept and Decision Relevance
Reichelstein, Stefan J. - 2014
This paper examines a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the levelized product cost (LC). Per unit of output, the levelized...
Persistent link: https://www.econbiz.de/10013059057
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Homo Moralis : Personal Characteristics, Institutions, and Moral Decision-Making
Deckers, Thomas - 2016
institutions compared to situations of individual decision-making. Intelligence, female gender, and the existence of siblings …
Persistent link: https://www.econbiz.de/10012994702
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Excessive Herding in the Laboratory : The Role of Intuitive Judgments
March, Christoph - 2018
We designed four observational learning experiments to identify the key channels that, along with Bayes-rational inferences, drive herd behavior. In Experiment 1, unobserved, whose actions remain private, learn from the public actions made in turn by subjects endowed with private signals of...
Persistent link: https://www.econbiz.de/10012924978
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Central Bank Boards Around the World : Why Does Membership Size Differ?
Berger, Helge - 2013
This paper analyzes empirically differences in the size of central bank boards across countries. Defining a board as the body that changes monetary instruments to achieve a specified target, we discuss the possible determinants of a board's size. The empirical relevance of these factors is...
Persistent link: https://www.econbiz.de/10012754018