infonet-economy

Context
An intensive change process concerning the curricula in German speaking universities has been initialized through the Bologna Process. This process is accompanied with higher pressure for students to adjust their vita according to the demands of the labor market early in their studies. With the uncertain development of the labor market, fears of recession and out-…

The article discusses and analyzes data from several economic experiments in a household sur-vey with mothers of preschool children. The researchers measured competitiveness by giving the subjects the choice between competing in a tournament or receiving a piece rate for a real effort task. The subjects also participated in lottery choices, which enabled the researchers to assess…

Future events are uncertain by their very nature. Therefore, people's risk preferences are likely to play a role in the valuation of allegedly guaranteed future outcomes. We show that future uncertainty conjointly with people's proneness to nonlinear probability weighting generates a unifying framework for explaining many anomalies in intertemporal choice, such as…

Pension plans in Switzerland favor active management over indexing to implement their strategic asset allocation. Empirical surveys show, however, that their success has been below expectations, as the median performance of Swiss pension plans in domestic and international equities is below market indices even gross of fees. The results of this paper's survey across…

The purpose of this study is to analyze whether previous results describing the effect of uncertainty of outcome on match attendance in team sports have been driven by heterogeneity in fan demand. We apply censored quantile regression methods and place particular emphasis on the relationship between match uncertainty and attendance demand, as previous results are highly ambiguous.…

Companies are increasingly discovering the potential of collaborating with others to create innovative products - often across industries - by combining their specializations in a unique way. A pre-condition for the success of these ventures is to build a common knowledge base, usually by duplicating selected parts of the partner’s knowledge. In this article, a case study and a…

We analyze the effect of national diversity on sports team performance. Due to language
barriers, we expect the team’s productivity to decrease with the number of
nationalities, but that the introduction of further nations and further aspects of different
cultures might lead to additional skills within the team. We test our hypothesis
on a seasonal individual…