"Waste not want not" expresses our culture's aversion to waste. "I could have gotten the same thing for less" is a sentiment that can diminish pleasure in a transaction. We study people's willingness to "pay" to avoid this spoiler. In one scenario, participants imagined they were looking for a...

The firms' international fragmentation of production has recently widened its focus from outsourcing of intermediates to off-shoring of business services such as software program development and international call centre networks. Although a large number of business services are intangible and...

Als ein entscheidender Faktor der Diffusion eines Produktes im Markt muss die Mundwerbung angesehen werden. Nicht umsonst werden große Anstrengungen unternommen, die als maßgeblich für die interpersonelle Kommunikation erkannten Meinungsführer zu identifizieren und in den Wertschöpfungs-...

In modern rail-rail transshipment yards huge gantry cranes spanning all railway tracks allow for an efficent transshipment of containers between different freight trains. This way, multiple trains loaded with cargo for varying destinations can be consolidated to a reduced number of homogeneous...

With increasing cost competition and product variety, providing an efficient Just-in-Time (JIT) supply has become one of the greatest challenges in the use of mixed-model assembly line production systems. In the present paper, therefore, we propose a new approach for scheduling JIT part supply...

Envy and altruism have been studied extensively in adults. Here, we report data from an experiment studying envious and altruistic behavior in children. We study a sample of German school children aged seven to ten in a natural setting. We run two treatments. One treatment investigates envy, the...

This paper investigates the relationship between educational attainment and truancy. Using data from the Youth Cohort Study of England and Wales, we estimate the causal impact that truancy has on educational attainment at age 16. Problematic is that both truancy and attainment are measured as...

Bidding rules that guarantee procedural fairness may induce more equilibrium bidding and moderate other-regarding concerns. In our experiment, we assume commonly known true values and only two bidders to implement a best-case scenario for other-regarding concerns. The two-by-two factorial design...

We analyse two types of belief-dependant models of social preferences: guilt aversion and reciprocity. In particular, we test the relevance of their input variables (second-order beliefs and general dispositions for guilt/reciprocity). The data confirm the predictions of belief-dependant models....

We report experimental and theoretical results on the minority of three-game where three players have to choose one of two alternatives independently and the most rewarding alternative is the one chosen by a single player. This coordination game has many asymmetric equilibria in pure strategies...