Moral rules and social norms influence whether individuals break the law. We characterize optimal law enforcement when some individuals obey internalized moral rules and implement social norms for other individuals who prefer to comply with them. Moral individuals and norm followers are linked...

To contribute to a better understanding of the determinants of climate-friendly organizational behavior, we study the potential of behavioral policy interventions and social norms to foster individual contributions to organizational decarbonization initiatives. We investigate the effects of...

Despite recent advances in reputation technologies, it is not clear how reputation systems can affect human cooperation in social networks. Although it is known that two of the major mechanisms in the evolution of cooperation are spatial selection and reputation-based reciprocity, theoretical...

To contribute to a better understanding of the determinants of climate-friendly organizational behavior, we study the potential of behavioral policy interventions and social norms to foster individual contributions to organizational decarbonization initiatives. We investigate the effects of...

This paper investigates whether immigrants adapt to the attitudes of the majority population in the host country by focusing on the effect of ethnic persistence and assimilation on individual risk proclivity. Employing information from a unique representative German survey, we find that...

Die Anlage in Aktien spielt in der bankbasierten Ökonomie Deutschlands eine weitaus geringere Rolle als in den marktbasierten USA. Das sich hierin widerspiegelnde anders geartete Risikoverhalten ist nur vor dem Hintergrund unterschiedlicher kultureller Kontexte zu verstehen. Die Deutschen sind...

The weight of the housing tenancy market in Spain is very low. It is frequently argued that an ineffective judicial system, implying a cumbersome procedure to evict a non-paying tenant or simply requiring a long period to execute a decision, may be an important determinant of the tenancy...

This paper explains why the approach taken so far to mitigate global climate change has failed. The central reason is an inability to enforce targets and timetables. Current proposals recommending even stricter emission limits will not help unless they are able to address the enforcement...

Zahlreiche Börsenskandale, die Abnahme der Zahlungsmoral und der Unmut der Bürger angesichts von Reformen lenken das Interesse auf die Bedeutung von Vertrauen für die Marktwirtschaft. Wie notwendig ist Vertrauen für die Wirtschaft und wodurch wird Vertrauen enttäuscht? Erodiert die...