Information often spreads and influences beliefs regardless of its reliability. We show that this occurs in part because indicators of reliability are disproportionately lost in the process of word-of-mouth transmission. We conduct controlled experiments where participants listen to economic...

We study how the introduction of pre- and post-trade transparency requirements affected dealer behavior and market liquidity in the German sovereign bonds market. Using regulatory data on bond transactions collected under EU's Markets in Financial Instruments Regulation (MiFIR) and limit order...

"Establishing a culture of trust in organizations and strengthening the middle line are both critical for implementing innovation, especially during major disruptions. Work units and teams operate in environments that are largely influenced by broader organizational and institutional goals where...

Die industrielle Transformation wird Deutschland in den kommenden Jahrzehnten verändern - durch Umbauten von Industriestandorten, neue Leitungsinfrastrukturen und den Ausbau erneuerbarer Energien. Eine kleinräumige Vermessung des aktuellen Planungsstands zeigt: Knapp die Hälfte der...