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Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce … "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model's predictions and show that causality goes from good experts to fair …
Persistent link: https://www.econbiz.de/10013107208
broken, and guilt is exacerbated by higher interaction prices. An experiment qualitatively confirms our predictions: (1) most … experts make the predicted promise; (2) proper promises induce consumer-friendly behavior; and (3) higher interaction prices …
Persistent link: https://www.econbiz.de/10013146471
as the main cause and design a parsimonious experiment with exogenous prices that allows classifying experts as either …
Persistent link: https://www.econbiz.de/10013153013
-induced selection") and self-selection of participants into the experiment. We find that both types of selection lead to a sample of … experts: Participants perform significantly better than the general population, in the sense of fewer violations of revealed …
Persistent link: https://www.econbiz.de/10013128213
experts may impact on the productivity and wages of domestic firms. Using matched worker-firm data from Denmark and a … difference-indifferences matching approach, we then find that firms that hire foreign experts – defined as employees eligible for …
Persistent link: https://www.econbiz.de/10013119735
This paper is an attempt to understand the effects of leaders on organizational performance. We argue for an ‘expert leader' model of leadership. We differentiate between four kinds of leaders according to their level of inherent knowledge and industry experience. After controlling for...
Persistent link: https://www.econbiz.de/10013103487
How much knowledge should leaders have of their organization's core business? This is an important question but not one that has been addressed in the management literature. In a new 'theory of expert leadership' (TEL), this paper blends conceptual work with recent empirical evidence. It...
Persistent link: https://www.econbiz.de/10013105998
We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos...
Persistent link: https://www.econbiz.de/10013106012
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10013067052
to minorities' economic integration. Specifically, we consider the minority experts' own perceptions about these issues …
Persistent link: https://www.econbiz.de/10013325024