Research assessment exercises covering universities in the United Kingdom were established to produce quality ratings as a basis for allocating much of the research funding from central government. They represent some of the largest research management exercises ever undertaken. Amongst other...

Books reviewed: Ove, Granstrand, Economics, Law and Intellectual Property: Seeking Strategies for Research and Teaching in a Developing Field Ahmed Bounfour, The Management of Intangibles - The organisation's most valuable assets R. S. Kaplan and D. P. Norton, Strategy Maps - Converting...

Books reviewed: Stefan H. Thomke, Experimentation Matters: Unlocking the Potential of New Technologies for Innovation Richard L. Lynch, John G. Diezemann and James F. Dowling, The Capable Company: Building the Capabilities that Make Strategy Work Georges Haour, Resolving the Innovation Paradox -...

This paper reports results from a laboratory experiment exploring the relationship between reputation and entry in procurement. There is widespread concern among regulators that favoring suppliers with good past performance, a standard practice in private procurement, may hinder entry by new...

A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs available...

Using a large sample of retail investors as well as experimental data we find that risk and ambiguity aversion are positively correlated. We provide evidence that a common link is decision mode: intuitive thinkers tolerate more risk and ambiguity than effortful reasoners. One interpretation is...

Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that individuals extrapolate from their own type when forming...

When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...

Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that individuals extrapolate from their own type when forming...