Individuals faced by a tournament can oftentimes not only choose their effort level, but also the risk level of their strategy. There are some theoretical contributions on risk taking in tournaments, which mainly point out disadvantages with respect to exerted effort. Empirical evidence is rare....

Surveying employment-related newspaper advertisements over several centuries, we identify four eras (neither workers nor firms posted ads, mostly workers posted, mostly firms posted, both parties posted). These eras correspond to alternative equilibria in a strategic coordination game describing...

Ziel der Arbeit ist es, die bildungs- und arbeitsmarktpolitischen Implikationen der Überqualifizierungsforschung darzulegen. Zunächst wird ein breiter Überblick über den aktuellen Stand der Überqualifizierungsforschung gegeben. Anschließend wird das ökonomische Standardmodell durch ein...

In this paper, we consider the market for video games, where some firms are active in both, the market for video games hardware and software. It is puzzling that hardware can be easily made compatible with duplicated (i.e. pirated) software. We ask, whether there exist strategic reasons...