Showing 1 - 10 of 32,283
There are increasing scholarly debates on the direction of policy to effectively improve the performance of banks. Some scholars argue that bank performance is enhanced by improvements in the internal organization and managerial efficiency, others argue that industry wide factors are integral to...
Persistent link: https://www.econbiz.de/10011107568
With the election of an African American as President, many would think that the question of affirmative action and equal opportunity has been finally laid to rest in the United States. This perception may be true for the proponents of affirmative action, whom over the years believe that the...
Persistent link: https://www.econbiz.de/10011111588
There are increasing scholarly debates on the direction of policy to effectively improve the performance of banks. Some scholars argue that bank performance is enhanced by improvements in the internal organization and managerial efficiency others argue that industry wide factors are integral to...
Persistent link: https://www.econbiz.de/10013012456
In this paper, the central objective is to analyze the visual rhetoric of selected fashion ads in Vogue, Cosmopolitan, Maxim and GQ (Gentlemen Quarterly), to show how sexually explicit images of the female body is used to sell products to consumers, and to determine whether this is in response...
Persistent link: https://www.econbiz.de/10013012467
Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an initial contract has a highly significant and...
Persistent link: https://www.econbiz.de/10010860227
We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the...
Persistent link: https://www.econbiz.de/10010860228
This paper reports data from a laboratory experiment on two-period moral hazard problems. The findings corroborate the contract-theoretic insight that even though the periods are technologically unrelated, due to incentive considerations principals can benefit from offering long-term contracts...
Persistent link: https://www.econbiz.de/10010860229
We study a continuous-time game of strategic experimentation in which the players try to assess the failure rate of some new equipment or technology. Breakdowns occur at the jump times of a Poisson process whose unknown intensity is either high or low. In marked contrast to existing models, we...
Persistent link: https://www.econbiz.de/10010860230
We study endogenous group formation in tournaments employing experimental three-player contests. We find that players in endogenously formed alliances cope better with the moral hazard problem in groups than players who are forced into an alliance. Also, players who are committed to expending...
Persistent link: https://www.econbiz.de/10010860231
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile takeover of Mannesmann in 2000 and it is again in the spotlight since the outbreak of the financial crisis of 2009. Based on unique panel data evidence of the 500 largest firms...
Persistent link: https://www.econbiz.de/10010860232