The information technology revolution has had dramatic effects on jobs and the labor market. Many routine and manual tasks have been automated, replacing workers. By contrast, new technologies complement non-routine, cognitive, and social tasks, making work in such tasks more productive. These...

At the 2016 Academy of Management Conference, a group of distinguished compensation researchers held a panel discussion on the future of compensation research. Their remarks were compiled into an article published in this issue. Soon after the panel, Charles Fay commissioned a similar discussion...

A policy maker (PM) needs information that only financial market traders know in order to implement his optimal policy, and traders may aggregate this information in asset prices. In such a setting, prices can become uninformative, because the PM reacts to information contained in prices,...

Minimum prices above the market level can lead to ineffcient production and oversupply. We investigate whether this effect is even more pronounced when decision makers are influenced by their social environment. Using data of minimum prices for renewable energy production in Germany, we analyze...

In prediction markets, investors trade assets whose values are contingent on the occurrence of future events, like election outcomes. Prediction market prices have been shown to be consistently accurate forecasts of these outcomes, but we don't know why. I formally illustrate an information...

In prediction markets, investors trade assets whose values are contingent on the occurrence of future events, like election outcomes. Prediction market prices have been shown to be consistently accurate forecasts of these outcomes, but we don't know why. I formally illustrate an information...

Im öffentlichen Sektor laufen die Finanzmittel zum Jahresende aus, sodass die Verantwortlichen einen starken Anreiz haben, die verbleibenden Mittel kurz vor Ablauf der Frist ineffizient auszugeben. Die Arten von Ineffizienzen dieses Verhaltens, seine Ursachen und dessen Ausmaß werden erörtert...

Are investors willing to give up a higher return if the investment generates positive environmental impact? We investigate this question with a decision experiment among crowdfunders, where they choose between a higher return or environmental impact. Overall, 65% of investors choose...

In der Juniausgabe 2022 veröffentlichte der Wirtschaftsdienst einen Aufsatz mit dem Titel "Dezemberfieber senken: Vermeidung von verschwenderischen Jahresendausgaben" von Christoph Siemroth. Gunnar Schwarting vertritt in einer Replik eine andere Auffassung, im Anschluss erläutert Christoph...