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such differences are driven by different attitudes towards competition. In our experiment subjects choose between a … social norms whose nature and origin we discuss. -- competition ; tournament ; piece rate ; gender ; risk-aversion ; relative …
Persistent link: https://www.econbiz.de/10003280790
Local news offers a unique look not only at customer preferences but also at the strategic response of firms to these preferences. This paper uses a combination of ratings data and newly gathered information on television stations in 25 U.S. markets to examine the decisions of competing firms...
Persistent link: https://www.econbiz.de/10003189635
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode …. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a … our model, buyers and sellers can simultaneously search in an outside market and use the intermediation service. We show …
Persistent link: https://www.econbiz.de/10011526728
: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of …
Persistent link: https://www.econbiz.de/10011641779
We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by owner-occupied housing whereas unsecured debt can be discharged according to bankruptcy regulations. We show that the calibrated model matches important quantitative...
Persistent link: https://www.econbiz.de/10009244090
The financial troubles of professional athletes are an ongoing topic of intrigue. In general, the zealousness brought to private equity schemes are a common factor in observed financial insolvency. Considering the behavioral attribute of self-confidence I propose a simple model which explains...
Persistent link: https://www.econbiz.de/10009717804
Both personal bankruptcy and redistributive taxes can insure households' consumption risk and both vary considerably across US states. We derive sufficient conditions under which more redistributive taxation makes bankruptcy exemptions less attractive both for the intratemporal insurance and for...
Persistent link: https://www.econbiz.de/10003189633
Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact, competitive pressure on markets may create strong...
Persistent link: https://www.econbiz.de/10011518078
This paper investigates the effect of grouping students by prior achievement into different classes (or schools) in settings where students are competing for admission to programs offering only a limited number of places. We first develop a model that identifies the conditions under which the...
Persistent link: https://www.econbiz.de/10013170260
We present the first causal evidence on the persistent impact of enduring competition on prosociality. Inspired by the … competition period. 4-year follow-up data indicate that the effect persists and generalizes, suggesting a change in traits and not …
Persistent link: https://www.econbiz.de/10014428113