Ausgangspunkt der vorliegenden Arbeit ist die Überlegung, dass Arbeits- und Immobilienmärkte nicht als perfekt anzusehen sind und von unvollständigen Informationen sowie Transaktionskosten geprägt sind. Individuen haben daher nicht zu jedem Zeitpunkt Informationen darüber, welche...

This study examines gender differences in overconfidence and decision-making in a high-stakes environment. Using data on more than 40,000 individual attempts from international freediving competitions, we provide evidence that women, on average, are less likely than men to overestimate their...

We study strategic investment decisions in multi-stage contests with heterogeneous players. Our theoretical model of a round-robin rank-order tournament predicts that players conserve resources in a current contest to spend more in the subsequent contest if the degree of heterogeneity in the...

Internationally, there is no consensus concerning the legal and moral judgment of prostitution. Nevertheless, there is an overwhelming agreement on the need to fight sexual slavery. We analyze how a law - introduced to punish clients of commercial sex services - affects market outcomes. More...

Workplace exibility offers a wide range of opportunities but also carries risks within the context of collaborative tasks. While increasing the number of collaborators can reduce fatigue and therefore enhance performance, it also increases coordination costs. Our study investigates this...

This contribution examines the effect of advantageous inequity on performance using data from top-level penalty kicking in soccer. Results indicate that, on average, professionals do not perform worse when they experience unfair advantages. However, we find a negative effect of advantageous...