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...

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...

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...

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...

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...

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...

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,...

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)...

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...

The scholarly literature often distinguishes between so-called opportunity and necessity entrepreneurship and between ‘‘pull’’ and ‘‘push’’ motivations. Despite the pervasive use of this terminology, empirical analyses are mostly based on a single country. The present paper...

Work ethic of millennial employees has raised considerable attention in Hong Kong. Current article examined how the millennials’ perception on their employers would have an effect on their own work ethic. A survey study of 212 millennial respondents showed that the millennials in general...

In this paper, a binary logistic model was used to analyse the determinants of youth participation in agriculture in the Nkonkobe Municipality in South Africa. A total of 140 youth were purposively selected for the study to complete a survey. The results show that the variables; youth...

Working conditions exert a major influence on accidents and illnesses at work as well as on job satisfaction and health, yet very little research has examined the determinants of working conditions. By exploiting the Italian Labour Force Survey, this paper provides evidence on the underlying...

We investigate a relevance of the corporate social responsibility of banks from the students’ point of view. By doing so, we can pinpoint a compliance of the Croatian banks’ corporate social responsibility praxis with the expectations of students’ population as their current and/or future...

In this study has been tried to found evidence that entrepreneurship education has impact on students' behavior and perception of its effects. As a consequence, entrepreneurship education also impacts the economic development of many European Union (EU) countries. In the first part of the text,...

We examine sources of biased terror perceptions. In particular, we investigate how international experts of the IFO World Economic Survey assess the effect of terror on the world economy and the economy of their own country. The results show that respondents from terror stricken countries have...

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...

It has been widely acknowledged that the effects of climate change are not gender neutral. However, existing studies on adaptation to climate change mainly focus on a comparison of male-headed and female-headed households. Aiming at a more nuanced gender analysis, this study examines how...

Carbon capture and storage (CCS) is a technology that counteracts climate change by capturing atmospheric emissions of CO2 from human activities, storing them in geological formations underground. However, CCS also involves major risks and side effects, and faces strong public opposition....

Multinationale Firmen stehen zunehmend unter Druck, ihre Geschäfte nach ethischen Grundsätzen zu führen und den Wohlstand in den rohstoffproduzierenden Ländern zu fördern. Viele Unternehmen reagieren darauf, indem sie über ihre sozialen Auswirkungen berichten, wobei einigen von ihnen der...

Our study provides evidence for firms' evaluation of location quality. We use a 2004 survey of 6,000 East German firms that contained questions on the importance and assessment of 15 different location factors ranging from closeness to customers and suppliers, transport infrastructure, and...

Using data from two rounds of the Employment-Unemployment Survey of the National Sample Survey for 2004-5 and 2009-10, we investigate the relationship between social identity, specifically caste identity in India, and perceptions of self-worth as measured by the amounts that individuals consider...

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...

This work develops an evaluation framework to Arts-Based Brand Research (ABBR) to make methods comparable. Further the evaluation framework is used to compare four arts-based methods. It turned out that previous studies try to capture the brand image on a verbal cognitive level, but this...