In: The Journal of Law, Economics, and Organization, 2018, vol. 34, no. 2, p. 162-195
We design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same technological level, i.e. for neck-and-neck firms. First, we find that increased competition leads to a significant...
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In: Games and Economic Behavior, 2014, vol. 83, p. 1-23
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on innovative activity. While...
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In: Journal of economic behavior and organization, 2018, vol. 155, p. 301-314
Successful performance – be it in school, at the job, or in sports activities – requires perseverance, i.e., persistent work on a demanding task. We investigate in a controlled laboratory experiment how an individual's social environment affects perseverance. We find evidence for two kinds of peer effects: being observed by a peer can postpone the decision to give up, while observing a...
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In: Experimental Economics, 2014, vol. 17, no. 1, p. 154-172
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In: Experimental Economics, 2007, vol. 10, no. 2, p. 171-178
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In: Experimental Economics, 2010, vol. 13, no. 4, p. 439-460
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In: Journal of Electroceramics, 2010, vol. 24, no. 3, p. 137-144
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In: Experimental Economics, 2009, vol. 12, no. 3, p. 332-349
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In: Journal of Risk and Uncertainty, 2009, vol. 38, no. 1, p. 39-49
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In: The Review of Economic Studies, 2015, vol. 82, no. 4, p. 1289-1308
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