This paper uses a unique data set of Latin American paintings auctioned by Sotheby's between 1995 and 2002 to investigate several puzzles from the recent auctions literature. Our results suggest that: (1) the reputation of an artist and the provenance of the artwork, omitted variables in most...

Several papers study the effect of trust by using the answer to the World Values Survey (WVS) question “Generally speaking, would you say that most people can be trusted or that you can’t be too careful in dealing with people?” to measure the level of trust. Glaeser et al. (2000) question...

The point of departure is that the activities associated with the Internet are organizational and societal activities taking place within a given historical context. As such they can profit from sociological theories such as postmodernism. Postmodernism can be seen as a reaction to some signal...

Volunteers play a key role in natural resource management: their commitment, time and labour constitute a major contribution towards managing environments in Australia and throughout the world. From the point of view of environmental managers much interest has focussed on defining tasks suitable...

This article investigates the co-evolution of labor relationships and workers preferences. According to recent experimental economics findinggs on social preferences, the workforce is assumed to be heterogeneous. It is composed by both cooperative and non-cooperative workers. In addition, firms...

It is widely recognized that machinery and equipment investment intensity is less in Canada than in the United States. What is less well know is that it is information and communications technology (ICT) investment that largely accounts for this gap. The author documents trends in ICT investment...

This paper aims to determine if the contingent valuation method (CVM) can provide valid results useful in policy-making. This will be investigated by using a CV study that captures the willingness to pay (WTP) for the municipal cultural supply in Lueneburg, Germany. In contrast to previous CV...

This paper develops a Hotelling location model in which two radio stations choose combinations of local and international content to play, given consumers with preferences distributed over those combinations. Station revenue derives from sales of advertising time, the demand for which depends...

Re-definitions happened in world capitalism imply a certain impact in organizational models defining the variety of social practices in informational society. Firstly, gnoseological approach reaches to the new accumulation model in a rationality framework, which focuses to the application of...

Existing research on the determinants of FIFA’s international soccer rankings suffers from serious statistical problems, particularly sample selection bias and non normal errors. We correct for this by extending the data set by an additional 100 countries. Furthermore, we find important roles...