We show that professional soccer players exhibit reference-dependent behavior during matches. Controlling for the state of the match and for unobserved heterogeneity, we show on a minute-by-minute basis that a player breaches the rules of the game, measured by the referee's assignment of cards,...

We design a laboratory experiment to identify causal performance effects of top-down communication between managers and their subordinates. Our focus lies on communication that resolves uncertainty about the work environment but does not provide task-specific knowledge. Recent articles in the...

Der Beitrag widmet sich der Frage, ob der Markt für feine Bordeauxweineinformationseffizient ist. Wir finden deutliche Hinweise dafür, dass der Markt für die von uns untersuchten Weine nicht informationseffizient ist.

Which are the basic strategic options of young scientists in the process of scientific competition? Which are the basic structural conditions influencing the outcome of strategic actions? What strategic choices should be made depending on given structural conditions? In thispaper we approach...