infonet-economy

The paper is concerned with the concept of leadership responsibility. Responsible leadership understood as normatively appropriate conduct in the pursuit of the organizational goals addresses the challenges of nowadays’ leaders in the light of global transformation processes. The paper argues that existing schools of the leadership phenomenon, herein paradigmatically grouped as “…

We discuss the ideological conflict between critics of globalization and free trade theorists who deconstruct the metanarrative of universal human rights that underlies the social agenda of the globalization critics. We point out the implications for the corporate objective function and the
social behaviour of multinational corporations. The ideological conflict has not yet…

This paper provides a theoretical model of a team sports league based on contest theory and studies the welfare effect of gale revenue sharing. It derives two counterintuitive results. First, it challenges the "invarianceproposition" by showing that revenue
sharing reduces competitive balance and thus produces a more unbalanced league. Second, the paper concludes that…

BACKGROUND: There is lack of neuroscientific studies investigating music processing with naturalistic stimuli, and brain responses to real music are, thus, largely unknown.
METHODOLOGY/PRINCIPAL FINDINGS: This study investigates event-related brain potentials (ERPs), skin conductance responses (SCRs) and heart rate (HR) elicited by unexpected chords of piano sonatas as they…

This paper examines the role of other-regarding and time preferences for ncooperation in the field. We study the preferences of fishermen whose main, and often only, nsource of income stems from using a common pool resource (CPR). The exploitation of a nCPR involves a negative interpersonal and inter-temporal externality because individuals who nexploit the CPR reduce the current and…

Homeownership rates in suburbs are much higher than in central cities. This paper shows that the systematic difference between homeownership rates causes suburbanization. We consider an economy with several regions: the central city, where most households rent, and the suburbs, where most own. Households migrate and vote on local policies. Renters do not consider the effect of…

"Winner-take-all" markets (i.e., markets in which the relative and not the absolute performance is decisive) have gained in importance. Such markets have a tendency to provoke inefficiently many entries. We investigate such markets in an experiment and show that there are even more inefficient entries than predicted by the Nash equilibrium. Moreover, this effect increases…

AIDS continues to have a devastating effect on developing countries, particularly in Sub-Saharan Africa. The lack of a proven effective vaccine to stop HIV transmission has lead to much of public policy putting an emphasis on information campaigns in order to reduce HIV-prevalence. In this paper we examine the impact of HIV/AIDS-knowledge from two sides. First, we examine to what…