Airline industry restructuring proceeded in high gear following the 9/11 attacks, which triggered a global air transport crisis in the beginning of the new millennium. European (network) legacy carriers have been reorganizing to meet low-cost challengers in European and new competition in global...

We study the voluntary revelation of private, personal information in a labor-market experiment with a lemons structure where workers can reveal their productivity at a cost. While rational revelation improves a worker's payout, it imposes a negative externality on others and may trigger further...

Among residents of an informal housing area in Cairo, we examine how dictator giving varies by the social distance between subjects - friend versus stranger - and by the anonymity of the dictator. While giving to strangers is high under anonymity, we find - consistent with Leider et al. (2009) -...

We investigate whether depleting people's cognitive resources (or willpower) affects the degree to which they are susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that can be temporarily depleted and that a depleted...

We present evidence from a natural field experiment and structural model designed to shed light on the efficacy of alternative fundraising schemes. In conjunction with the Bavarian State Opera, we mailed 25,000 opera attendees a letter describing a charitable fundraising project organized by the...

Prospect theory (PT) is the dominant descriptive theory of decision making under risk today. For the modeling of choices, PT relies on a psychologically founded separation of risk attitudes into attitudes towards outcomes, captured in a value function; and attitudes towards probabilities,...

We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework focusing on four different policy dimensions: 1) predictability, 2) decision errors, 3) reversion of anti-competitive rents, and 4) deterrence. We find that after the reform the...

Die Untersuchung sozialer Ungleichheiten gehört zum Hauptgeschäft der Soziologie. Viele Ursache-Wirkungs-Mechanismen für Ungleichheitsphänomene sind gut erforscht, zumeist existieren alternative oder komplementäre Erklärungen für vorhandene Ungleichheiten. Aus dem Wissen, wie...

Wissen über wissenschaftliche und wirtschaftliche Sachverhalte ist auch medial vermittelt. Nur die wenigsten Menschen haben persönliche Kontakte mit Personen, die in Spitzenpositionen von Wissenschafts- oder Wirtschaftsorganisationen tätig sind. Für große Teile der Öffentlichkeit entsteht...

Gering Qualifizierte weisen in Deutschland eine im Vergleich zum Bevölkerungsdurchschnitt deutlich niedrigere Beschäftigungsquote und Weiterbildungsbeteiligung auf. Auch im europäischen Vergleich schneidet Deutschland im Bereich der Arbeitsmarktintegration und Weiterbildung gering...