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The economics of fairness, reciprocity and altruism : experimental evidence and new theories ; chapter written for the Handbook of reciprocity, gift-giving and altruism

Fehr, Ernst; Schmidt, Klaus M. - 2005 - This version: June 6, 2005

This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior.

Persistent link: https://www.econbiz.de/10010440439

Quality of institutions, credit markets and bankruptcy

Hainz, Christa - 2004 - August, 2004 - draft

The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a firm is liquidated. Second, it loses the rent...

Persistent link: https://www.econbiz.de/10010440454

Local employer competition and training of workers : conference paper

Rzepka, Sylvi; Tamm, Marcus - 2014

decrease when competition for employees is higher among firms. Using worker level data for Germany we find that the hypothesis …

Persistent link: https://www.econbiz.de/10010483307

Monopsony competition and the minimum wage : evidence from Germany ; conference paper

Bachmann, Ronald; Frings, Hanna - 2014 - Preliminary

-structural approach based on a dynamic model of monopsonistic competition. The empirical analysis is based on a linked employer …

Persistent link: https://www.econbiz.de/10010483879

Competitive pressure and corporate crime : conference paper

Baumann, Florian; Friehe, Tim - 2014

This paper explores the relationship between the intensity of competition in product markets and firms' incentives to … us to differentiate between several measures for the intensity of competition. We establish that more firms in the … industry (i.e., lower entry costs) reduce the crime rate. Furthermore, whether more intense competition due to the increased …

Persistent link: https://www.econbiz.de/10010486053

When banks strategically react to regulation : market concentration as a moderator for stability ; conference paper

Schliephake, Eva - 2014 - This version: February 13, 2014

rate competition and increases the banks price setting power as shown in Schliephake and Kirstein (2013). This paper … the enhanced price setting power can reverse the net effect that capital requirements have under perfect competition. …

Persistent link: https://www.econbiz.de/10010486698

Dynamic contests with feedback and heterogeneity : empirical evidence from a gaming app ; conference paper

Hett, Florian - 2014

This paper empirically analyzes how performance feedback and information on heterogeneity affect behavior in dynamic contests, using data on two-player-contests from a smartphone/tablet application called ``Wordblitz for Friends''. We find that players increase output as underdogs and decrease...

Persistent link: https://www.econbiz.de/10010487265

Bidder contests in international mergers and acquisitions : the impact of toeholds, preemptive bidding, and termination fees ; conference paper

Bessler, Wolfgang; Schneck, Colin; Zimmermann, Jan - 2014 - Current version: January 15, 2014

, evidence that a high initial offer preempts competition is confined to the civil law countries. We find strong evidence for the …, the effect of termination fee provision on deterring competition and on offer success varies across time and countries …, while we observe no variation with respect to toeholds. Moreover, we find that latent (but unobservable) competition from …

Persistent link: https://www.econbiz.de/10010487267

Continuous time contests with private information : conference paper

Seel, Christian; Stracky, Philipp - 2014

This paper introduces a class of contest models in which each player decides when to stop a privately observed Brownian motion with drift and incurs costs depending on his stopping time. The player who stops his process at the highest value wins a prize. We prove existence and uniqueness of a...

Persistent link: https://www.econbiz.de/10010487682

The influence of RDI on competitiveness and specialisation of production and export in Europe

Olteanu, Dan - 2010

This study analyses how the relative specialisation indexes of production and export for various categories of products are correlated with the technological level of a country expressed in RDI expenditures and number of patent applications to the EPO. We showed that the countries investing in...

Persistent link: https://www.econbiz.de/10010529085