Using longitudinal data, John Hobcraft has examined how far childhood experience andparental factors are linked to a wide range of outcomes in adulthood. Specific attention wasgiven to childhood poverty, family disruption, and contact with the police.The four (of 12) most powerful and consistent...

It is difficult to disagree with Vernon Smith's (2010) assessment of thestate of the art in experimental economics. It is informed by the experienceof someone who was there, right at the beginning of experimental economics.Some of the problems he discusses, like the frequent failure of backward...

Entrepreneurs are often faced with problemsregarding start-up financing. But compared to noviceentrepreneurs, experienced entrepreneurs shouldhave both more knowledge and better contacts, whichshould potentially reduce the occurrence of problemsand affect finance composition. However, experience...

We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...

The experience of recent years has shown that take-up of ICT, for example within strategies toimplement online public services, is a necessary but not sufficient condition for making progresstowards regional development goals. What is of interest is not ICT use per se, but applications...

Empirical research has shown that inexperienced fund managers yield significantly higherreturns than their more experienced colleagues. If the portfolios of inexperienced are not morerisky, this result would contradict the hypothesis of market efficiency. Therefore, it is animportant question...

In many countries, TV viewers have access to more and more TVchannels. We study whether people can cope with this and watch the amount of TVthey find optimal for themselves or whether they are prone to over-consumption. Wefind that heavy TV viewers do not benefit, but instead report lower life...