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Norms play an important role in establishing social order. Thecurrent literature focuses on the emergence, maintenance and impactof norms with regard to coordination and cooperation. However, theissue of norm-related conict deserves more attention. We develop ageneral theory of \normative...
Persistent link: https://www.econbiz.de/10005870974
In line with the widely applied principle of just deserts, we assume that the severityof the penalty on a contract offender increases in the harm on the other. Whenthis principle holds, the influence of the efficiency of the agreement on the incentivesto abide by it crucially depends on whether...
Persistent link: https://www.econbiz.de/10005866436
Does geographic distance or the perceived social distance between subjects significantlyaffect proposer and responder behavior in ultimatum bargaining? To answer this question,subjects play a one-shot ultimatum game with three players (proposer, responder, and apassive dummy player) and...
Persistent link: https://www.econbiz.de/10005866606
We consider guilt averse agents and principals and study the effects ofguilt on optimal behavior of the principal and the agent in a moral hazardmodel.The principal’s contract proposal contains a target effort in addition tothe monetary incentive scheme. By accepting the agreement, the...
Persistent link: https://www.econbiz.de/10005866609
´This paper aims to analize the role of personal identity indecision making. To this end, it starts by reviewing criticallythe growing literature on economics and identity. Consideringthe ambiguities that the concept of social identity poses, our proposalfocuses on the concept of personal...
Persistent link: https://www.econbiz.de/10005866610
entrepreneurship and the strongest relationship is between associated activities and entrepreneurship. This is consistent with the need …
Persistent link: https://www.econbiz.de/10010271793
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
This paper is concerned with the relationship between innovative success of entrepreneurs and their prior knowledge at the stage of firm formation. We distinguish between different kinds of experience an entrepreneur can possess and find evidence that the innovative success subsequent to firm...
Persistent link: https://www.econbiz.de/10010263810
Demographic change will be one of the major challenges for economic policy in the developed world in the next decades. In this article, we analyze the relationship between age structure and the number of startups. We argue that an individual's decision to start a business is determined by his or...
Persistent link: https://www.econbiz.de/10010263837