The Peter Principle states that, after a promotion, the observed output of promotedemployees tends to fall. Lazear (2004) models this principle as resulting from a regression tothe mean of the transitory component of ability...

This paper experimentally investigates the impact of different pay and relative performance information policies on employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through the production period, and continuously updated...

When a deficit occurs in the funding of collective goods, it is usually covered by raising theamount of taxes or by rationing the supply of the goods. This article compares the efficiencyof these institutions. We report the results of a 2x2 experiment based on a game in the firststage of which...

The population of most developed societies is ‘graying’. As life expectancy increases and thelarge baby-boom generation approaches retirement age, this has critical consequences formaintaining a high standard of living and the sustainability of pension systems. In the light ofthese labor-force...

Dynamics of compliance, depending on audit probability, sanctions, and the time lagbetween audits, are investigated in a tax experiment. Compliance varied significantlyover time: it decreased immediately after an audit and increased afterwards, especially if audits were frequent and sanctions high.

This paper investigates (i) the robustness of hindsight bias in experimental assetmarkets, (ii) the time invariance of the different experimental risk elicitationmethods of certainty equivalents and binary lottery choices, and (iii) their correspondence.The results of our within-subjects...

This paper investigates the robustness of hindsight bias in experimental asset markets, the time invariance of the different experimental risk elicitation methods of certainty equivalents and binary lottery choices, and their correspondence.

Meine Betrachtung des Führungsproblems geht vom Handeln in den verschiedenen Problemfeldern der Pflege und Betreuung, der Ökonomie und der innerorganisatorischen Beziehungen aus: Der Mensch handelt; zur Vorbereitung des Handelns trifft er Entscheidungen - allein oder in Gemeinschaft mit...

Vertrauen wurde in den letzten Jahren vermehrt auch in der betriebswirtschaftlichen und speziell organisationstheoretischen Diskussion aufgegriffen und zwar besonders unter dem Aspekt des Wandels und der Organisation von Netzwerken und Virtueller Organisationen und in Versuchen der Einordnung in...