This paper analyses the relationship between lottery tickets and common stocks using cross sectional household data for the U.K. and Germany. In contrast to a previous empirical finding that predicts a complementary effect and nonexpected utility models that predict a substitutional effect, we...

This paper analyses the relationship between lottery tickets and common stocks using cross sectional household data for the U.K. and Germany. In contrast to a previous empirical finding that predicts a complementary effect and nonexpected utility models that predict a substitutional effect, we...

This paper analyses the relationship between lottery tickets and common stocks using cross sectional household data for the U.K. and Germany. In contrast to a previous empirical finding that predicts a complementary effect and nonexpected utility models that predict a substitutional effect, we...

Multiple searches for information can increase individual participation in occupational pension programs. This paper tests hypotheses derived from transaction cost theory and search theory to explain the formation of information networks on pensions. Using a dataset representative of the German...

This paper examines the composition of supervisory boards of German banks for a sample of 41 large banks in the period 1999-2006. We find that the supervisory board structure reflects both outside control by shareholders and inside control by stakeholders. Most of the non-employee board members...

Multiple searches for information can increase individual participation in occupational pension programs. This paper tests hypotheses derived from transaction cost theory and search theory to explain the formation of information networks on pensions. Using a dataset representative of the German...