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We experimentally examine the impact of tax evasion attempts on the performance of credence goods markets, where contractual incompleteness results from asymmetric information on the welfare maximizing quality of the good. Our results suggest that tax evasion attempts – independently of...
Persistent link: https://www.econbiz.de/10013021526
that has been addressed in the management literature. In a new 'theory of expert leadership' (TEL), this paper blends …
Persistent link: https://www.econbiz.de/10013105998
experts make the predicted promise; (2) proper promises induce consumer-friendly behavior; and (3) higher interaction prices …
Persistent link: https://www.econbiz.de/10013146471
affects experts/non-experts in relevant areas; and (3) has substantially different impacts on economists with different … economists in 19 countries, we examine the effect of ideological bias on views among economists. Participants were asked to … evaluate statements from prominent economists on different topics, while source attribution for each statement was randomized …
Persistent link: https://www.econbiz.de/10012859734
We develop a theory of the market for individual reputation, an indicator of regard by oneメs peers and others. The … reputation? Using evidence for academic economists, we find that, conditional on its impact, the quantity of output has no or …
Persistent link: https://www.econbiz.de/10013153301
We study the role of formal institutions of contract enforcement in facilitating investments in small and medium firms(MSME). In a framework where established entrepreneurs can enforce contracts informally using their network ties and hierarchical advantage, we argue that an efficient formal...
Persistent link: https://www.econbiz.de/10014083898
Entrepreneurship is usually identified as an important determinant of aggregate productivity and long-term growth. The determinants of entrepreneurship, nevertheless, are not entirely understood. A recent literature has linked entrepreneurship to the development of the justice system. This paper...
Persistent link: https://www.econbiz.de/10013120850
Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of …
Persistent link: https://www.econbiz.de/10013029632
This paper is an attempt to understand the effects of leaders on organizational performance. We argue for an ‘expert leader' model of leadership. We differentiate between four kinds of leaders according to their level of inherent knowledge and industry experience. After controlling for...
Persistent link: https://www.econbiz.de/10013103487
We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...
Persistent link: https://www.econbiz.de/10013106012