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Tax Evasion and Risky Investments in an Intertemporal Context
An Experimental Study
In this experimental study of tax evasion and its determinants participants earn their income in a complex stochastic intertemporal environment including the possibility to invest into a risky asset. The earned income has ...
Profitable horizontal mergers
A market structure–oriented view
We propose a model in which mergers exert a more pronounced effect on the structure of a market than simply reducing the number of competitors. We show that this may render horizontal mergers profitable and welfare–improving ...
An Experimental Comparison of the Fairness Models by Bolton and Ockenfels and by Fehr and Schmidt
In this note we present an experiment to compare the two competing fairness theories by Bolton / Ockenfels and Fehr / Schmidt. For most experiments that these theories have previously been applied to, they make similar ...