Browse Titles - 44 results

Can We Distribute Goods Efficiently Without Property Rights?
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(Latest Thinking), 15 mins
Even in the absence of absolute property rights, ex-post bargaining may lead to efficient distribution of goods, CHRISTOPH ENGEL explains in this video. The findings of this research thus extend the domain of the Coase theorem. In the experiment, with a society of two individuals and a single commodity, a good end...
(Latest Thinking), 15 mins
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Can We Maintain Normative Individualism when Allowing for Preferences to Be Adaptive?
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(Latest Thinking), 13 mins
Departing from the standard model of economics with the assumption that humans have fixed preferences, or tastes, more recent behavioral insights show that preferences are influenced by past consumption in a way that the status quo is often valued higher than alternatives. CARL CHRISTIAN VON WEIZSÄCKER adds this...
(Latest Thinking), 13 mins
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Do Awards Yield Better Results in Enhancing Performance than Monetary Incentives?
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(Latest Thinking), 11 mins
Monetary incentives, even though apparently efficient in driving performance of workers, have drawbacks, explains BRUNO S. FREY. They can result in a reorientation of workers from their focus on quality towards merely meeting objectives. The experiment presented in this video studies the impact of replacing moneta...
(Latest Thinking), 11 mins
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Does Compensation by Stock Options Induce Excessive Risk Appetite in Executives?
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(Latest Thinking), 11 mins
In the laboratory experiment presented in this video experimental CEOs were compensated either through stock options or restricted company stock. It shows that stock options induce excessive risk taking in some cases and that company performance is generally better under compensation through restricted company sto...
(Latest Thinking), 11 mins
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Does Compulsory Licensing Work as an Effective Antitrust Tool?
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(Latest Thinking), 12 mins
Innovation is very important for economic growth and, often, small start-ups are a key generator of innovation. For this, access to patents is essential for innovative start-ups. However, a few dominant companies often hold these patents in a market field and refuse to license their technology to others, as MONIKA...
(Latest Thinking), 12 mins
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Does Knowledge About the Presence of a Maverick in the Market Influence the Price Level?
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(Latest Thinking), 12 mins
The experiment presented in this video constructs a heterogeneous duopoly of firms – on the one hand a firm with an internal structure leading to low prices, and on the other hand a firm acting collusively in price-setting. MICHAEL KURSCHILGEN explains that transparency about the competitor’s internal structur...
(Latest Thinking), 12 mins
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Does the Instrument of Opposition During the Patent Filing Process Need to Be Improved?
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(Latest Thinking), 12 mins
Patents are a very useful tool for supporting innovations by setting incentives for companies to invest in research and developments. However, only those innovations should be protected by a patent that are truly inventive. Otherwise, patents might actually end up stifling innovations rather than supporting them....
(Latest Thinking), 12 mins
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How are Purchasing Decisions Impacted by the Compromise Effect?
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(Latest Thinking), 11 mins
The compromise effect can be observed in the consumer’s tendency to avoid extreme ends of the available range when making purchasing decisions. In this video, MARKO SARSTEDT investigates the origins of the compromise effect. Describing an experiment that interrogates the effects of a lowering of cognitive capabi...
(Latest Thinking), 11 mins
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How Can an Entrepreneurial Mindset be Developed to Encourage Poverty Reduction?
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(Latest Thinking), 11 mins
Good entrepreneurs play a key role in helping poor countries to prosper. In this video, MICHAEL FRESE asks us to consider the fundamental importance of psychological mindset in the development of successful entrepreneurs. Over a two year period, Frese analyzed outcomes achieved by groups of entrepreneurs that had...
(Latest Thinking), 11 mins
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How Can Chemicals Be Produced in a More Sustainable Process?
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(Latest Thinking), 13 mins
KAI SUNDMACHER’s aim is to introduce a more sustainable process to chemicals production. As he explains in this video, for new technological developments in chemical process engineering a new methodology is needed that is able to include many decision variables in order to find the best pathway from the raw mate...
(Latest Thinking), 13 mins
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