-
作者：Cornand, C.; Heinemann, F.
-
作者：Fellner, Gerlinde; Sutter, Matthias
作者单位：Vienna University of Economics & Business; University of Innsbruck; University of Gothenburg
摘要：We use an experiment to examine the causes, consequences and possible cures of myopic loss aversion (MLA) for investment behaviour under risk. We find that both investment horizons and feedback frequency contribute almost equally to the effects of MLA. Longer investment horizons and less frequent feedback lead to higher investments. However, when given the choice, subjects prefer on average shorter investment horizons and more frequent feedback. Exploiting the status quo bias by setting a long...
-
作者：Cai, Hongbin; Liu, Qiao
作者单位：Peking University; Peking University; University of Hong Kong
摘要：This article investigates whether market competition enhances the incentives of Chinese industrial firms to avoid corporate income tax. We estimate the effects of competition on the relationship between firms' reported accounting profits and their imputed profits based on the national income account. To cope with measurement errors and potential endogeneity, we use instrumental variables, exogenous policy shocks and other robustness analysis. We find robust and consistent evidence that firms i...
-
作者：Engelmann, Dirk; Grimm, Veronika
作者单位：University of London; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; University of Copenhagen; University of Cologne; University of Erlangen Nuremberg
摘要：We present laboratory experiments of five different multi-unit auction mechanisms. Two units of a homogeneous object were auctioned off among two bidders with flat demand for two units. We test whether expected demand reduction occurs in open and sealed-bid uniform-price auctions. We also test revenue equivalence for these auctions as well as for the Ausubel, the Vickrey and the discriminatory sealed-bid auction. Furthermore, we compare the five mechanisms with respect to the efficient allocat...
