We study the effect of voting when insiders ́public goods provision may affect passive outsiders. Without voting insiders ́contributions do not differ, regardless of whether outsiders are positively or negatively affected or even unaffected. Voting on the recommended contribution level...

The theoretical literature on collusion in auctions suggests that the first-price mechanism can deter the formation of bidding rings. In equilibrium, collusive negotiations are either successful or are avoided altogether, hence such analysis neglects the effects of failed collusion attempts. In...

Two rationality arguments are used to justify the link between conditional and unconditional preferences in decision theory: dynamic consistency and consequentialism. Dynamic consistency requires that ex ante contingent choices are respected by updated preferences. Consequentialism states that...

Ziel dieses Diskussionsbeitrags ist das Aufzeigen von Implikationen für die Ausgestaltung des eigenkapitalgeberorientierten Controllingansatzes, die sich durch das ökologische Rationalitätsverständnis ergeben. Eine zentrale Rolle nehmen in diesem Kontext "vernünftige" ökonomische...