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Booms, Busts, and Fraud
Povel, Paul; Singh, Rajdeep; Winton, Andrew - EconWPA - 2003
We examine firm managers' incentives to commit fraud in a model where firms seek funding from investors and investors … can monitor firms at a cost in order to get more precise information about firm prospects. We show that fraud incentives … funded without committing fraud, whereas in bad times investors are more vigilant and it is harder to commit fraud …
Persistent link: https://www.econbiz.de/10005134707
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Optimal Audit Policy and Heterogenous Agents
Ratto, Marisa; Vergé, Thibaud - EconWPA - 2003
Frauds can be explained not only in terms of individual willingness to cheat, but may also be driven by opportunities to behave dishonestly. The audit policy should therefore be different for different categories of agents. This paper focuses on the optimal audit policy when there are two...
Persistent link: https://www.econbiz.de/10005412503
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Imperfect Recall and Time Inconsistencies: An experimental test of the absentminded driver "paradox"
Levati, Vittoria M.; Uhl, Matthias; Ro'i Zultan - Wirtschaftswissenschaftliche Fakultät, … - 2010
Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...
Persistent link: https://www.econbiz.de/10008511322
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Mandatory Sick Pay Provision: A Labor Market Experiment
Bauernschuster, Stefan; Oechssler, Jörg; Duersch, Peter; … - Wirtschaftswissenschaftliche Fakultät, … - 2009
The question whether a minimum rate of sick pay should be mandated is much debated. We study the effects of this kind of intervention in an experimental labor market that is rich enough to allow for moral hazard, adverse selection, and crowding out of good intentions to occur. We find that...
Persistent link: https://www.econbiz.de/10008512519
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The emergence of norms from conflicts over just distributions
Miller, Luis; Rauhut, Heiko; Winter, Fabian - Wirtschaftswissenschaftliche Fakultät, … - 2011
process in which normative conflicts explain the finally emerging norm. The theory is tested with a dynamical experiment on …
Persistent link: https://www.econbiz.de/10008913271
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Corporate Social Responsibility in the work place - Experimental evidence on CSR from a gift-exchange game
Koppel, Hannes; Regner, Tobias - Wirtschaftswissenschaftliche Fakultät, … - 2011
We analyze the effect of investments in corporate social responsibility (CSR) on workers' motivation. In our experiment …
Persistent link: https://www.econbiz.de/10009144129
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The Causal Effect of Cognitive Abilities on Economic Behavior: Evidence from a Forecasting Task with Varying Cognitive Load
Rydval, Ondrej - Wirtschaftswissenschaftliche Fakultät, … - 2011
We identify the causal effect of cognitive abilities on economic behavior in an experimental setting. Using a forecasting task with varying cognitive load, we identify the causal effect of working memory on subjects' forecasting performance, while also accounting for the effect of other...
Persistent link: https://www.econbiz.de/10009391901
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Full agreement and the provision of threshold public goods
Alberti, Federica; Cartwright, Edward J. - Wirtschaftswissenschaftliche Fakultät, … - 2011
We report threshold public good experiments in which group members not only need to be individually willing to contribute enough to provide the public good but also have to agree with each other on what every group members should contribute. We find strong support to the hypothesis that full...
Persistent link: https://www.econbiz.de/10009391902
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Effects of exclusion on social preferences
Fischer, Sven; Güth, Werner - Wirtschaftswissenschaftliche Fakultät, … - 2011
In three party ultimatum games the proposer can first decide whether to exclude one responder, what increases the available pie. The experiments control for intentionality of exclusion and veto power of the third party. We do not find evidence for indirect reciprocity of the remaining responder...
Persistent link: https://www.econbiz.de/10009358621
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The Effect of Financial Incentives and Task-specific Cognitive Abilities on Task Performance
Rydval, Ondrej - Wirtschaftswissenschaftliche Fakultät, … - 2011
We extend evidence on the interaction between financial incentives and cognitive abilities by focusing on the effect of task-specific abilities. In a memory-intensive task situated in an accounting context, the effect of accounting education on performance is stronger under financial incentives...
Persistent link: https://www.econbiz.de/10009358647