This paper focuses on the legal monopoly for sporting bets in Germany. We analyze the pricing behavior of the monopolist ODDSET and find that typical pricing inefficiencies on betting markets are reinforced under the monopoly. This result in conjunction with the decreasing tax revenue may...

Raising children demands a considerable amount of parental time, obliging working parents either to reduce their leisure time further or to buy childcare services in the market. Parents may face additional opportunity costs upon deciding to participate in the labor market, but these are...

Im vorliegenden Beitrag sollen die Regulierungskonzepte des GlückG und des GlüÄndStV aus ökonomischer Perspektive verglichen werden. Dazu werden im nächsten Abschnitt mögliche Ziele abgeleitet, die durch die Regulierung erreicht werden sollen. In Abschnitt 3 werden beide Konzepte...

Die Zusammenlegung von Arbeitslosen- und Sozialhilfe hatte unter anderem das Ziel, die Arbeitsanreize für arbeitsfähige Leistungsempfänger zu stärken. Wie sind die Anreizwirkungen zu bewerten? Wirkt der durch Arbeitslosengeld II erreichbare Lebensstandard negativ bei der Entscheidung für...

This paper focuses on the legal monopoly for sporting bets in Germany. We analyze the pricing behavior of the monopolist ODDSET and find that typical pricing inefficiencies on betting markets are reinforced under the monopoly. This result in conjunction with the decreasing tax revenue may...

Im vorliegenden Beitrag sollen die Regulierungskonzepte des GlückG und des GlüÄndStV aus ökonomischer Perspektive verglichen werden. Dazu werden im nächsten Abschnitt mögliche Ziele abgeleitet, die durch die Regulierung erreicht werden sollen. In Abschnitt 3 werden beide Konzepte...

This paper presents an experimental study analyzing common consequence effects with binary choice, willingness-to-pay (WTP), and willingness-to-accept (WTA). Consistent with previous research we do not find clearcut evidence of fanning out in the absence of certainty effects. Violation rates of...

This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of institutional investors, investment advisors and individual investors, all of them being registered users of a large online platform for market sentiment data. Due to...

This paper presents an experimental test of several independence conditions implied by expected utility and alternative models. We perform a repeated choice experiment and fit an error model that allows us to discriminate between true violations of independence and those that can be attributed...

In previous models of (cumulative) prospect theory reference-dependence of preferences is imposed beforehand and the location of the reference point is exogenously determined. This note provides a foundation of prospect theory, where reference-dependence is derived from preference conditions and...