infonet-economy

This article develops a game-theoretical model to analyze the effect of subsidies on player salaries, competitive balance, club profits, and welfare. Within this model, fan demand depends on win percentage, competitive balance, and aggregate talent. The results show that if a large market club receives a subsidy and fans have a relatively strong preference for aggregate talent,...

We analyze the factors that drive an individual’s self-selection decision between (1) working individually and being paid for individual performance and (2) working on a team and being paid for team performance. While the literature has focused on task specific ability as a self-selection criterion, we also investigate the effects of teamwork skills, expectations concerning the task...

In this paper, we analyze whether structured PhD programs operate at optimal size and whether there are differences between different disciplinary fields. Theoretically, we postulate that the relation between the size of a PhD program and program performance is hump shaped. For our empirical analysis, we use hand-collected data on 86 Research Training Groups (RTGs) funded by the...

Die Autorinnen schreiben den Akteuren der Mikrofinanzidustrie eine besonder Verantwortung für uhre Kunden, die ärmeren Bevölkerungsschichten, zu. Anders als in der konventionellen Finanzindustrie sind Mikrofinanzkunden in besonderem Masse verwundbar, vulnerabel. Diese Besonderheit rechtfertigt es, hohe Anforderungen an den Kundenschutz zu stellen. Ein solcher scheint zusätzlich...