The under-representation of women on boards is a heavily discussed topic—not only in Germany. Based on critical mass theory and with the help of a hand-collected panel dataset of 151 listed German firms for the years 2000–2005, we explore whether the link between gender diversity and firm...

This study seeks to understand the relation between firm size and supervisory board composition. Specifically, we ask if and how firm size influences occupational and international background diversity in supervisory boards. Relying on resource dependence theory and theories of organizational...

A popular soccer myth states that teams affected by a sending-off perform better than they would have performed without the penalty. Based on economic theory, we analyze the course of soccer matches using data from the German Bundesliga from 1999 to 2009. The results show that sending-offs...

A popular soccer myth states that teams affected by a sending-off perform better than they would have performed without it. Based on economic theory, the authors analyze the course of soccer matches using data from the German Bundesliga from 1999 to 2009. The results show that sending-offs...

It is widely acknowledged that derbies between two teams from the same city or region catch more public attention than “normal” soccer matches. Terms such as “Old Firm” (Rangers vs. Celtic), “Merseyside” (Liverpool FC vs. Everton FC), “Superclasico” (Boca Juniors vs. River...

Whereas the theoretical literature on organizational reward systems repeatedly points to the importance of tournament models from an efficiency perspective, very few is known about the application and effectiveness of tournament compensation in organizations, especially when contestant...

In the early 90s, the German Research Foundation (Deutsche Forschungsgemeinschaft, abbr. DFG) established a new form of graduate education: the so-called Research Training Groups (RTGs). Comparable to PhD programs in the US, RTGs offer a structured course program and a framework for...

Based on the acquiring-a-company game of Samuelson and Bazerman (1985), we theoretically and experimentally analyze the acquisition of a firm. Thereby we compare cases of symmetrically and asymmetrically informed buyers and sellers. This setting allows us to predict and test the effects of...

We present a model of price leadership on homogeneous product markets where the price leader is selected endogenously. The price leader sets and guarantees a sales price to which followers adjust according to their individual supply functions. The price leader clears the market by serving the...

In three-person envy games, an allocator, a responder, and a dummy player interact. Since agreement payoffs of responder and dummy are exogenously given, there is no tradeoff between allocator payoff and the payoffs of responder and dummy. Rather, the allocator chooses the size of the pie and...