Abstract The article investigates the attempt by the German legislator to monopolize the national gambling market. Since January 2008, the new gambling treaty aims to organize the gambling market in a well-regulated manner as well as to reduce gambling addiction. An analysis of the market...

In this paper, we analyze the pricing of cash flow rights in startup companies based on a unique dataset of crowdinvesting backers. Our sample consists of 44 campaigns and includes 1,450 bids made by 499 backers during the period from November 6, 2011 to March 25, 2014 on the German...

We use hand-collected data from four German crowdinvesting portals to analyze what determines individual investment decisions in crowdinvesting. In contrast with the crowdfunding campaigns on Kickstarter, where the typical pattern of project support is U-shaped, we find crowdinvesting dynamics...

Extensive evidence shows that when given the opportunity, people cheat for monetary rewards, but only to the extent that they can keep a positive selfconcept. In this study, we investigate various factors that may influence the degree to which people can keep their positive self-concept while...