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young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012584102
We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we examine pre-registered hypotheses about which of three fundamental pillars of human cooperation – direct and indirect reciprocity, and third-party punishment – emerges earliest...
Persistent link: https://www.econbiz.de/10012668493
We investigate the influence of self and social image concerns as potential sources of lying costs. In a standard die …. This suggests that self-image concerns may be less important than previously hypothesized in the literature on lying costs … reputational concerns as the explanation behind the results of our social image treatment. …
Persistent link: https://www.econbiz.de/10012256075
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012547006
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012548855
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012550258
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012591195
Persistent link: https://www.econbiz.de/10000988991
A simple counterexample shows the the widely used WACC approach to value leverage firms developed by Miles and Ezzell can create an arbitrage opportunity. The only consequence to be drawn is that their WACC approach cannot be applied under the circumstances assumed by Miles and Ezzell.
Persistent link: https://www.econbiz.de/10011526007
We extend the WACC approach to a tax system having a firm income tax and a personal income tax of the investor as well. We use an artificial tax system incorporating most of the G-7 national tax codes as for example the classical or the imputation systems.
Persistent link: https://www.econbiz.de/10011526011