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The effect of losing and winning on cheating and effort in repeated competitions
Necker, Sarah; Paetzel, Fabian - 2022
-of-the-month schemes. The repetition of competitions can imply that opponents are matched based on earlier outcomes. Using a real-effort … experiment, we examine how cheating and effort evolve in two rounds of competitions in which subjects compete with different … regard to effort, which losers increase to a larger extent than winners. (ii) Competitor matching does not significantly …
Persistent link: https://www.econbiz.de/10013201627
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Sharing one's fortune? : an experimental study on earned income and giving
Tonin, Mirco; Vlassopoulos, Michael - 2013
In this paper we investigate the relationship between earnings and charitable giving. We set up a real effort …
Persistent link: https://www.econbiz.de/10010210709
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Deep dynamics
Gottfries, Nils; Mickelsson, Glenn; Stadin, Karolina - 2021
How do firms adjust their output, inventories, employment and capital in response to demandsideshocks? To understand this, we estimate a reduced-form model using firm-level panel dataand we construct a theoretical model that can match the estimated impulse-response functions.A combination of...
Persistent link: https://www.econbiz.de/10012428917
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Beliefs as a means of self-control? : evidence from a dynamic student survey
Bönisch, Felix; König, Tobias; … - 2024
We repeatedly elicit beliefs about the returns to study effort, in a large university course. A behavioral model of …
Persistent link: https://www.econbiz.de/10014490754
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What explains sovereign debt litigation
Schumacher, Julian; Trebesch, Christoph; Enderlein, Henrik - 2015
We study the occurrence of holdout litigation in the context of sovereign defaults. The number of creditor lawsuits against foreign governments has strongly increased over the past decades, but there is a large variation across crisis events. Why are some defaults followed by a "run to the...
Persistent link: https://www.econbiz.de/10010512583
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The sovereign default problem in the Eurozone : an insurance-based approach
Arnold, Nadjeschda Katharina; Rees, Ray - 2015
This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem's design, and that applying insurance theory is useful. We model risk neutral agents choosing portfolios of government bonds of n countries in a monetary union and other assets. We firstly analyse a...
Persistent link: https://www.econbiz.de/10010533082
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Diversification, risk aversion and expectation in a holdout scenario
Eggert, Wolfgang; Stephan, Maximilian; Temme, Janine; … - 2015 - Version 2015/10/09
We argue a holdout is not a destructive investor behaviour but a rational investment decision. This investment decision is characterised by the mean-variance approach. We investigate intercreditor conflict by diverse portfolio structure. We demonstrate that at some point during the Greek (2012)...
Persistent link: https://www.econbiz.de/10011343761
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The Greek debt restructuring : an autopsy
Zettelmeyer, Jeromin; Trebesch, Christoph; Gulati, Mitu - 2013 - This draft: July 5, 2013
The Greek debt restructuring of 2012 stands out in the history of sovereign defaults. It achieved very large debt relief - over 50 per cent of 2012 GDP - with minimal financial disruption, using a combination of new legal techniques, exceptionally large cash incentives, and official sector...
Persistent link: https://www.econbiz.de/10009767344
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Credibility for sale
Ntellas, Charēs; Niepelt, Dirk - 2013
We develop a sovereign debt model with official and private creditors where default risk depends on both the level and the composition of liabilities. Higher exposure to official lenders improves incentives to repay but carries extra costs, such as reduced ex-post flexibility. The model implies...
Persistent link: https://www.econbiz.de/10009772971
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Fiscal delegation in a monetary union with decentralized public spending
Basso, Henrique S.; Costain, James - 2016
In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...
Persistent link: https://www.econbiz.de/10011434438