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The Hidden Costs of Tax Evasion - Collaborative Tax Evasion in Markets for Expert Services
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - Institut für Finanzwissenschaft, Fakultät für … - 2014
In markets where transactions are governed by contractual incompleteness, revealed intentions to evade taxes may affect market performance. We experimentally examine the impact of tax evasion attempts on the performance of credence goods markets, where contractual incompleteness results from...
Persistent link: https://www.econbiz.de/10010839569
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What drives taxi drivers? A field experiment on fraud in a market for credence goods
Balafoutas, Loukas; Beck, Adrian; Kerschbamer, Rudolf; … - Institut für Finanzwissenschaft, Fakultät für … - 2011
behavior by sellers. This paper presents the results of a natural field experiment on taxi rides in Athens, Greece, set up to … measure different types of fraud and to examine the influence of passengers’ presumed information and income on the extent of … fraud. Results reveal that taxi drivers cheat passengers in systematic ways: Passengers with inferior information about …
Persistent link: https://www.econbiz.de/10009002199
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Withering academia?
Frey, Bruno S. - Institut für Volkswirtschaftslehre, … - 2010
, increased division of labor in research, intense publication pressure, academic fraud, dilution of the concept of “university …
Persistent link: https://www.econbiz.de/10008672224
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On Fraud and Certification of Corporate Social Responsibility
Arguedas, Carmen; Blanco, Esther - Institut für Finanzwissenschaft, Fakultät für … - 2014
consumers' beliefs about the credibility of firms' CSR claims, which depend in turn on the (expected) fines for fraud. First, we … likelihood of certification. Second, fraud only arises when the fines for fraud are at intermediate levels and some CSR firms do … not certify their practices. Third, the presence of fraud comes at a cost for firms by inducing lower equilibrium prices …
Persistent link: https://www.econbiz.de/10010839573
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Corporate Governance for Crooks? The Case for Corporate Virtue
Osterloh, Margit; Frey, Bruno S. - Institut für Volkswirtschaftslehre, …
Corporate scandals are reflected in excessive top management compensation and fraudulent accounts. These scandals cause an enormous amount of damage, not only to the companies affected, but also to the market economy as a whole. As a solution, conventional wisdom suggests more monitoring and...
Persistent link: https://www.econbiz.de/10005760916
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Evidence for countercyclical risk aversion: an experiment with financial professionals
Cohn, Alain; Engelmann, Jan; Fehr, Ernst; Maréchal, … - Institut für Volkswirtschaftslehre, … - 2013
A key ingredient of many popular asset pricing models is that investors exhibit countercyclical risk aversion, which helps explain major economic puzzles such as the strong and systematic variation in risk premiums over time and the high volatility of asset prices. There is, however,...
Persistent link: https://www.econbiz.de/10011240398
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Generosity across contexts
Weber, Roberto A.; Davis, Alexander L.; Jehli, Nadja R.; … - Institut für Volkswirtschaftslehre, … - 2011
Extensive research in economics explores generosity in monetary allocations. However, generosity often involves the allocation of non-monetary goods or experiences. Existing evidence suggests that generosity may be higher in such contexts, though no direct comparison exists. Here, we compare...
Persistent link: https://www.econbiz.de/10011203012
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Reverse Common Ratio Effect
Blavatskyy, Pavlo R. - Institut für Volkswirtschaftslehre, … - 2010
The results of a new experimental study reveal highly systematic violations of expected utility theory. The pattern of these violations is exactly the opposite of the classical common ratio effect discovered by Allais (1953). Two recent decision theories— stochastic expected utility theory...
Persistent link: https://www.econbiz.de/10008625739
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Inequality Aversion and Voting on Redistribution
Hoechtl, Wolfgang; Sausgruber, Rupert; Tyran, Jean-Robert - Institut für Finanzwissenschaft, Fakultät für … - 2011
Mounting evidence shows that there is heterogeneity in aversion to inequality, i.e. that some people have a concern for a fair distribution. Does such a concern matter for majority voting on redistribution? Fairness preferences are relevant for redistribution outcomes only if fair voters are...
Persistent link: https://www.econbiz.de/10009145765
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Truth, trust, and sanctions: On institutional selection in sender-receiver games
Peeters, Ronald; Vorsatz, Marc; Walzl, Markus - Institut für Finanzwissenschaft, Fakultät für … - 2011
We conduct a laboratory experiment to investigate the impact of institutions and institutional choice on truth …
Persistent link: https://www.econbiz.de/10009385916