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Procurement design with loss averse bidders
Fugger, Nicolas; Gillen, Philippe; Riehm, Tobias - 2019
We show that it is beneficial for a buyer to conduct a multi-stage mechanism if bidders are loss averse. In a first step, we derive a revenue equivalence principle. Fixing the multi-stage structure, the revenue is independent of the chosen payment rule. Secondly, we introduce a simple two-stage...
Persistent link: https://www.econbiz.de/10012146346
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Preference dynamics : a procedurally rational model of time and effort allocation
Krecik, Markus - 2024
Current time allocation and household production models face three major weaknesses: First, they only describe the average time allocation. Thus, information about the order of activities is lost. Therefore, it is impossible to describe the influence of activities on later ones. Such...
Persistent link: https://www.econbiz.de/10014480143
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What are the priorities of bureaucrats? : evidence from conjoint experiments with procurement officials
Tukiainen, Janne; Blesse, Sebastian; Bohne, Albrecht; … - 2021 - This version: March 25, 2021
-making is still largely seen as a black box. We provide novel insights into the preferences of bureaucrats regarding their work …
Persistent link: https://www.econbiz.de/10012492856
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A note on empathy in games
Grohn, Jan; Huck, Steffen; Valasek, Justin Mattias - 2014
In this note we shall discuss a concept that - despite its prominence in both Hume (1739) and Smith (1759), its obvious relevance for social behavior, and its not so infrequent use in colloquial language - has never gained a foothold in economic theory: the concept of empathy. Specifically, we...
Persistent link: https://www.econbiz.de/10010233986
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Top of the class : the importance of ordinal rank
Murphy, Richard; Weinhardt, Felix - 2019 - This version: June 2019
This paper establishes a new fact about educational production: ordinal academic rank during primary school has lasting impacts on secondary school achievement that are independent of underlying ability. Using data on the universe of English school students, we exploit naturally occurring...
Persistent link: https://www.econbiz.de/10012118593
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Patience and comparative development
Sunde, Uwe; Dohmen, Thomas; Enke, Benjamin; Falk, Armin; … - 2021
This paper studies the relationship between patience and comparative development through a combination of reduced-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two sets of stylized facts. First, patience is...
Persistent link: https://www.econbiz.de/10013189598
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Preferred field of study and academic performance
Berlingieri, Francesco; Diegmann, André; Sprietsma, Maresa - 2022
This paper investigates the impact of studying the first-choice university subject on dropout and switching field of study for a cohort of students in Germany. Using detailed survey data, and employing an instrumental variable strategy based on variation in the local field of study availability,...
Persistent link: https://www.econbiz.de/10013266282
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Personality traits and cognitive ability in political selection
Jokela, Markus; Meriläinen, Jaakko; Tukiainen, Janne; … - 2023
We present the first comprehensive evidence on the role of cognitive ability and personality traits in the selection of … office-eligible population in both intelligence and personality tests that capture three dimensions of cognitive and seven … also assess the relative importance of cognitive abilities and personality traits, present evidence of no trade …
Persistent link: https://www.econbiz.de/10014551647
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Personality traits and cognitive ability in political selection
Jokela, Markus; Meriläinen, Jaakko; Tukiainen, Janne; … - 2023 - February 2023 (first version July 2022, second version August 2022)
We present the first comprehensive evidence on the role of cognitive ability and personality traits in the selection of … office-eligible population in both intelligence and personality tests that capture three dimensions of cognitive and seven … also assess the relative importance of cognitive abilities and personality traits, present evidence of no trade …
Persistent link: https://www.econbiz.de/10013280142
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Biased by success and failure : how unemployment shapes stated locus of control
Preuß, Malte; Hennecke, Juliane - 2017
over the life course. While absolute stability has been generally rejected, the extent to which LOC and thus personality … the stated LOC is biased during unemployment but the underlying personality trait itself is not affected. …
Persistent link: https://www.econbiz.de/10011760721