There is a worldwide trend towards rapidly growing defined contribution pension funds in terms of assets and membership, and the choices available to individuals. This has shifted the decisionmaking responsibility to fund members for managing the investment of their retirement savings. This...

Boards and Management Committees of nonprofit organisations are often portrayed as lacking the necessary skills and knowledge for the role. To investigate this issue, we undertook a survey of 835 community, nonprofit organisations in the community services sector. We received 565 usable...

While the role of executives’ cognition in organisations’ responses to change is a central topic in strategic cognition research, changes in firms’ environment are typically not measured directly but described either as an event (for example, new industry legislation) or represented by a...

This article studies the use of different distribution channels as an instrument of price discrimination in credence goods markets. In credence goods markets, where consumers do not know which quality of the good or service they need, price discrimination proceeds along the dimension of quality...

Theory predicts that efficiency prevails on credence goods markets if customers are able to verify which quality they receive from an expert seller. In a series of experiments with endogenous prices we observe that verifiability fails to result in efficient provision behaviour and leads to very...

Voluntary and compulsory (but rarely enforced) public statements of good intent are frequently observed in the real world, as for example the `Banker's oath', the 'Hippocratic oath' or the requirement of many academic journals for authors to affirm that research was carried out ethically. In...

Authorised users (insiders) are behind the majority of security incidents with high financial impacts. Because authorisation is the process of controlling users? access to resources, improving authorisation techniques may mitigate the insider threat. Current approaches to authorisation suffer...

Keizer, Lindenberg and Steg (2008) conduct six interesting field experiments and report that their results provide evidence of the broken windows theory. Such an analysis is highly relevant as the (broken windows) theory is both controversial and lacking empirical support. Keizer et al.’s key...

Research on the effects of positional concerns on individuals’ attitudes and behavior is sorely lacking. To address this deficiency, we use the International Social Survey Programme 1998 data on 25’000 individuals from 26 countries to investigate the impact of relative income position on...

This paper explores the conditions of acceptability of differing allocation systems under scarcity and evaluates what makes a price system more or less fair. We find that fairness in an allocation arrangement depend on the institutional settings inherent in the situation, such as information,...