`Scientific management` is the label Frederick Taylor attached to the system of shop-floor management devised by him. In this article we present our discovery of very different `scientific` management principles that, roughly concurrently with Taylorism, were developed by German...

Are college dropouts successful entrepreneurs? Other than anecdotal evidence on illustrious college dropouts who managed to become self-made billionaires, there is only limited empirical evidence to answer this question. This paper addresses this issue by investigating the relationship between...

We experimentally test the effect of enforceable non-compete clauses on working efforts. The employee can invest into the probability of making a profitable innovation. After a successful innovation (Win) the employee may want to leave the firm (Shift) whereas after an innovation failure (Lose)...