An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the … probability than a bad one. The entrepreneur makes an upfront payment that the consultant can either invest in information … acquisition (work) or divert for private benefit (shirk). If the consultant works, then he privately observes an unverifiable …

methods coincide. However, bidding processes differ fundamentally with regard to the decision situation of the participants …

and the variability increases whenever replications are considered instead of different assessors. The appropriate numbers … of assessor needed to gain the same power respectively variability when replications are used will be given. It is shown …

This contribution analyzes 132 factors on their potential to discriminate countries bidding for hosting the Olympic … Games from non-bidding countries. Our binary, clustered model using generalized estimating equations (GEE) shows that …