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Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011985504
The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned,...
Persistent link: https://www.econbiz.de/10010281621
The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned,...
Persistent link: https://www.econbiz.de/10010539175
Drawing on representative household data from the German Socio-Economic Panel, we examine the role of an early precursor of entrepreneurial development - parental role models - for the individual decision to become self-employed in the post-unified Germany. The findings suggest that the...
Persistent link: https://www.econbiz.de/10010291817
and drastic changes in the politic-economic environment. We thus conclude that regional entrepreneurship cultures do exist …
Persistent link: https://www.econbiz.de/10010291827
The 40 years of socialist regime in East Germany were characterized by a massive anti-entrepreneurship policy. We … investigate the reemergence of entrepreneurship in East Germany during its transformation to a market economy following the … market economy, suggesting the existence of a long-lasting regional entrepreneurship culture. …
Persistent link: https://www.econbiz.de/10010291841
for the East German recovery of entrepreneurship after 40 years of socialist regime. We find different results for self … particular increase of solo-entrepreneurship. …
Persistent link: https://www.econbiz.de/10010291851
also for entrepreneurship, innovation, and thus, economic growth. We analyze the level and the determinants of self … entrepreneur. Investigating the determinants of entrepreneurship within the creative class as compared to non-creative professions …
Persistent link: https://www.econbiz.de/10010291853
entrepreneurship behavior. However, little is known about the role of the context in the relationship between personality and … entrepreneurship. This paper draws on the well-established psychological theory of vocational behavior, which emphasizes the crucial …
Persistent link: https://www.econbiz.de/10010291855
We explore the role of different types of self-employment for a persistence of the regional level of entrepreneurship … regarded a rather weak form of entrepreneurship. …
Persistent link: https://www.econbiz.de/10011348204