In light of the trend towards the Anglo-Saxon model of structured PhD education we analyze whether the positive relation between supervisor research productivity and young researcher productivity does persist in research groups where several PhD and postdoctoral students are supervised by a team...

In our paper, we explore the diversity-performance link in knowledge production and argue it to be the result of two countervailing effects (resource vs. process perspective). Theoretically, we show that the relative strength of the two effects crucially depends on moderating factors that relate...

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...

"It has often been discussed whether institutional regulations aimed at protecting specific groups of the labour market have indeed succeeded in achieving the intended goal or whether they have actually aggravated the labour market position of these groups. In our paper we analyse German...

"In times of massive employment reduction, outplacement services are increasingly popular. However, the empirical knowledge of the provision of outplacement services is limited. In our paper we present the results of an original survey of more than 1,000 German firms that systematically renders...