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...

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...

We study product market competition between firm owners (principals) where workers (agents) decide on their efforts and, hence, on output levels. Two worker compensation schemes are compared: a piece rate compensation as a benchmark when workers' output performance is verifiable, and a...

We confront allocator participants with different sharing games in a within subjects design: the Nash demand game, the ultimatum game, the yes-no-game and the impunity game. We allow participants to opt out rather than play the game under consideration. Beside choice data we also collect belief...

This paper analyzes blindfolded versus informed ultimatum bargaining where proposer and responder are both either uninformed or informed about the size of the pie. Analyzing the transition from one information setting to the other suggests that more information induces lower (higher) price...

Die Rolle der Arbeitnehmervertreter im Aufsichtsrat wurde vielfach untersucht, sowohl theoretisch als auch empirisch. Studien zu den Effekten der Unternehmensmitbestimmung betrachten die Arbeitnehmervertreter im Aufsichtsrat dabei häufig als „homogene Bank“ und rücken deren Rolle als...

Das Urteil des Bundesverfassungsgerichtes verpflichtet den Gesetzgeber, bis Ende 2005 eine neue Regelung zur Finanzierung der Lohnersatzleistungen während des Mutterschutzes zu erlassen. Das Bundesverfassungsgericht hat in seinem Urteil zwar offen gelassen, welche Finanzierungsvariante der...

We study the relationship between positional preferences (i.e., preferences concerning the relative rank or position in comparison to others) and narcissism. We distinguish two dimensions of narcissism: Narcissistic admiration captures self-enhancement through searching for being admired, and...

At a time of intensifying uncertainty, managerial flexibility to adapt to changes in the economic environment is increasingly important. Different business loca-tions, it is frequently argued, offer this flexibility to differing degrees, and labour market regulations are held to be one essential...