Asian-Pacific ESA Conference, Taipei, 16-18 February, 2017

The 3rd International Academic Conference on Social Sciences and Management. 24-26 May, 2017. Bangkok

Steffen Altmann, Armin Falk, Matthias Wibral. Promotions and Incentives: The Case of Multistage Elimination Tournaments

Promotions play an important role for the provision of incentives in firms. We analyze incentives in multistage elimination tournaments with controlled laboratory experiments. In our two main treatments, we compare a two-stage tournament to a one-stage tournament. Subjects in the two-stage treatment provide excess effort in the first stage, both with respect to Nash predictions and compared to the strategically equivalent one-stage tournament. Additional control treatments confirm that excess effort in early stages is a robust finding and suggest that above-equilibrium effort might be driven by li ...


Paul Zak

Zak is professor at Claremont Graduate University in Southern California. He has studied brain imaging, and was the first to identify the role of oxytocin in mediating trusting behaviors between unacq...

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Kevin E Staub, Rainer Winkelmann. Consistent estimation of zero-inflated count models

The so-called problem of “excess zeros” plagues a majority of count data applications in health economics and other social sciences: The proportion of observations with zero counts in the sample is ...


Hazel Henderson. Development Beyond Economism: Local Paths to Sustainable Development.

The effects of the forces of industrialism and economism, foretold so well by E. F. Schumacher, have led to a revolution of unprecedented scope. Technologies and human activities now bring about m...


Olivier Ledoit, Michael Wolf. Optimal Estimation of a Large-Dimensional Covariance Matrix under Stein’s Loss.

This paper revisits the methodology of Stein (1975, 1986) for estimating a covariance matrix in the setting where the number of variables can be of the same magnitude as the sample size. Stein propose...


Dennis Dittrich, Werner Güth, Boris Maciejovsky. Overconfidence in Investment Decisions: An Experimental Approach

The evidence on decision biases and heuristics challenges the prescriptive validity of standard finance theory which is still the dominant paradigm in modern finance. One such violation is the overc...


Jess Benhabib. A Note on Regime Switching, Monetary Policy, and Multiple Equilibria

When monetary policy is subject to regime switches conditions for determinacy become more complex. Davig and Leeper (2007) and Farmer, Waggoner and Zha (2009a) have studied such conditons. Using some ...


Eva Ranehill, Frédéric Schneider, Roberto A. Weber. Growing Groups, Cooperation, and the Rate of Entry

We study the stability of voluntary cooperation in response to varying group growth rates. Using a laboratory public-good game, we construct a situation where increasing group size yields potential ...