Who participates in transactions when information about the consequences must be learned? We show theoretically that decision makers for whom acquiring and processing information is more costly respond more strongly to changes in incentive payments for participating and decide to participate...

This paper studies the relationship between people's beliefs about the quality of their institutions, as measured by corruption perceptions, and preferences for redistribution in Latin America. Our empirical study is guided by a theoretical model which introduces taxes into Foellmi and...

This study explores the role of salary raises and the perception of employees of these salary raises on employees' intended retention and turnover. By using a unique survey data set from an American university, this study investigates a novel hypothesis that faculty perceptions of salary raises,...

We provide an explanation for a frequently observed vertical restraint in ecommerce, namely that brand manufacturers partially or completely prohibit that retailers distribute their high-quality products over the internet. Our analysis is based on the assumption that a consumer's purchasing...

We conduct a field experiment to examine whether the deterrent effect of law enforcement can be strengthened by making law enforcement activities more salient. Our focus is on illegal disposal of household garbage in residential areas. At a random subset of 56 locations in a city in the...

Purpose: This research study analyzes Moldovans’ intentions to visit Greece, and their perceptions of Greece’s image as a tourism destination, according to the following dimensions: (1) environmental beauty and convenience, (2) country’s citizens, (3) place and architectural structure, (4)...

This paper investigates whether the individual misperception of income distributions helps explain why, opposite to Meltzer and Richard (1981), higher initial inequality levels do not correlate positively with redistribution. I conduct a representative survey experiment in Brazil, France,...

In this paper we explore perceptions of distributive justice in Latin America during the 2000s and its relationship with income inequality. In line with the fall in income inequality in the region, we document a widespread, although modest, decrease in the share of the population that believes...

The theory of expected utility maximization (EUM) proposed by Bernoulli explains risk aversion as a consequence of diminishing marginal utility of wealth. However, observed choices between risky lotteries are difficult to reconcile with EUM: for example, in the laboratory, subjects' responses on...

Introduction: nobody cares -- Rule 1: be shareable -- Rule 2: understanding the science -- Rule 3: focus on value -- Rule 4: find your voice -- Rule 5: crush the headline -- Rule 6: ride the wave -- Rule 7: flip the script -- Rule 8: know your platforms -- Rule 9: test before you invest --...

Introduction / by Wendelin Küpers -- Foreword / by David Rooney -- Introduction 1: wisdom from ancient philosophy to modern psychology -- Understanding practical wisdom in business and management : an inter-disciplinary perspective -- Organizational problems : why decision situations can be...

We analyze the impact of misperceptions of the unemployment rate on individual wages, using the European Social Survey. We follow a threefold strategy to tackle potential endogeneity problems, as the model includes the following: controls for worker's ability, the regional unemployment rate, and...

During the last few years the concerns regarding the youth in the European Union have become a topic of high interest for the European Commission. The official data gathered by the European authorities show that the early school leaving and youth unemployment, coined under the umbrella term of...