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How Robust is Laboratory Gift Exchange?

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Cited by:

  1. James Andreoni, 2018. "Satisfaction Guaranteed: When Moral Hazard Meets Moral Preferences," American Economic Journal: Microeconomics, American Economic Association, vol. 10(4), pages 159-189, November.
  2. Ernst Fehr, 2009. "On The Economics and Biology of Trust," Journal of the European Economic Association, MIT Press, vol. 7(2-3), pages 235-266, 04-05.
  3. Brandts, Jordi & Charness, Gary, 2003. "Do Market Conditions Affect Gift Exchange? Evidence from Experimental Markets," University of California at Santa Barbara, Economics Working Paper Series qt6gz8v3v1, Department of Economics, UC Santa Barbara.
  4. Claude Montmarquette & Jean-Louis Rullière & Marie-Claire Villeval & Romain Zeiliger, 2004. "Redesigning Teams and Incentives in a Merger: An Experiment with Managers and Students," Management Science, INFORMS, vol. 50(10), pages 1379-1389, October.
  5. Özgür Gürerk & Reinhard Selten, 2012. "The effect of payoff tables on experimental oligopoly behavior," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 499-509, September.
  6. Greiff, Matthias & Ackermann, Kurt & Murphy, Ryan O., 2016. "The influences of social context on the measurement of distributional preferences," VfS Annual Conference 2016 (Augsburg): Demographic Change 145529, Verein für Socialpolitik / German Economic Association.
  7. Ernst Fehr & Martin Brown & Christian Zehnder, 2009. "On Reputation: A Microfoundation of Contract Enforcement and Price Rigidity," Economic Journal, Royal Economic Society, vol. 119(536), pages 333-353, March.
  8. Heike Hennig‐Schmidt & Abdolkarim Sadrieh & Bettina Rockenbach, 2010. "In Search of Workers' Real Effort Reciprocity—a Field and a Laboratory Experiment," Journal of the European Economic Association, European Economic Association, vol. 8(4), pages 817-837, June.
  9. Daniel J. Benjamin & James J. Choi & Geoffrey Fisher, 2016. "Religious Identity and Economic Behavior," The Review of Economics and Statistics, MIT Press, vol. 98(4), pages 617-637, October.
  10. Sebastian Kube & Michel Andre Marechal & Clemens Puppe, 2012. "The Currency of Reciprocity: Gift Exchange in the Workplace," American Economic Review, American Economic Association, vol. 102(4), pages 1644-1662, June.
  11. Gary Charness & Brian Jabarian & John A. List, 2023. "Generation Next: Experimentation with AI," NBER Working Papers 31679, National Bureau of Economic Research, Inc.
  12. Philip J. Grossman & Mana Komai, 2012. "The Economic Impact of Anti-Social Preferences in a Multi-Period Game with Attacks and Insurance," Monash Economics Working Papers 21-12, Monash University, Department of Economics.
  13. Gerhard Riener & Simon Wiederhold, 2011. "On Social Identity, Subjective Expectations, and the Costs of Control," Jena Economics Research Papers 2011-035, Friedrich-Schiller-University Jena.
  14. Casari, Marco & Cason, Timothy N., 2013. "Explicit versus implicit contracts for dividing the benefits of cooperation," Journal of Economic Behavior & Organization, Elsevier, vol. 85(C), pages 20-34.
  15. Brülhart, Marius & Usunier, Jean-Claude, 2004. "Verified Trust: Reciprocity, Altruism and Noise in Trust Games," CEPR Discussion Papers 4758, C.E.P.R. Discussion Papers.
  16. Micaela M. Kulesz & Dennis A. V. Dittrich, 2014. "It's not you, it's me: an experimental study of employers' wage setting behavior," Economics Bulletin, AccessEcon, vol. 34(4), pages 2128-2137.
  17. Pereira, Paulo T. & Silva, Nuno & Silva, Joao Andrade e, 2006. "Positive and negative reciprocity in the labor market," Journal of Economic Behavior & Organization, Elsevier, vol. 59(3), pages 406-422, March.
  18. Subhasish M. Chowdhury & Alexandros Karakostas, 2020. "An experimental investigation of the ‘tenuous trade-off’ between risk and incentives in organizations," Theory and Decision, Springer, vol. 88(1), pages 153-190, February.
  19. Sergio G. Lazzarini & Gary J. Miller & Todd R. Zenger, 2008. "Dealing with the Paradox of Embeddedness: The Role of Contracts and Trust in Facilitating Movement Out of Committed Relationships," Organization Science, INFORMS, vol. 19(5), pages 709-728, October.
  20. Uri Gneezy & John A List, 2006. "Putting Behavioral Economics to Work: Testing for Gift Exchange in Labor Markets Using Field Experiments," Econometrica, Econometric Society, vol. 74(5), pages 1365-1384, September.
  21. Sylvain Chassang & Christian Zehnder, 2013. "Contracting Without a Plan: A Theory of Informal Justice," Working Papers 1456, Princeton University, Department of Economics, Econometric Research Program..
  22. Akinori Tomohara & Akihiko Ohno, 2014. "Valuing non-pecuniary instruments of human resource management," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 61(1), pages 1-11, April.
  23. Kerstin Grosch & Holger A. Rau, 2020. "Procedural Unfair Wage Differentials And Their Effects On Unethical Behavior," Economic Inquiry, Western Economic Association International, vol. 58(4), pages 1689-1706, October.
  24. Fortuna Casoria & Arno Riedl, 2013. "Experimental Labor Markets And Policy Considerations: Incomplete Contracts And Macroeconomic Aspects," Journal of Economic Surveys, Wiley Blackwell, vol. 27(3), pages 398-420, July.
  25. Sandra Maximiano & Randolph Sloof & Joep Sonnemans, 2007. "Gift Exchange in a Multi-Worker Firm," Economic Journal, Royal Economic Society, vol. 117(522), pages 1025-1050, July.
  26. Brandes, Leif & Franck, Egon, 2012. "Social preferences or personal career concerns? Field evidence on positive and negative reciprocity in the workplace," Journal of Economic Psychology, Elsevier, vol. 33(5), pages 925-939.
  27. Kim, Min-Taec & Slonim, Robert, 2012. "The Multi-Dimensional Effects of Reciprocity on Worker Effort: Evidence from a Hybrid Field-Laboratory Labor Market Experiment," IZA Discussion Papers 6410, Institute of Labor Economics (IZA).
  28. Harmsen - van Hout, M.J.W. & Dellaert, B.G.C. & Herings, P.J.J., 2008. "Behavorial effects in individual decisions of network formation," Research Memorandum 019, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  29. Krawczyk, Michał & Tyrowicz, Joanna & Kukla-Gryz, Anna & Hardy, Wojciech, 2015. "“Piracy is not theft!” Is it just students who think so?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 54(C), pages 32-39.
  30. John A. List, 2006. "The Behavioralist Meets the Market: Measuring Social Preferences and Reputation Effects in Actual Transactions," Journal of Political Economy, University of Chicago Press, vol. 114(1), pages 1-37, February.
  31. Cason, Timothy N. & Saijo, Tatsuyoshi & Sjostrom, Tomas & Yamato, Takehiko, 2006. "Secure implementation experiments: Do strategy-proof mechanisms really work?," Games and Economic Behavior, Elsevier, vol. 57(2), pages 206-235, November.
  32. Sven Grüner & Mira Lehberger & Norbert Hirschauer & Oliver Mußhoff, 2022. "How (un)informative are experiments with students for other social groups? A study of agricultural students and farmers," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(3), pages 471-504, July.
  33. Klaus M. Schmidt, 2011. "Social Preferences and Competition," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43, pages 207-231, August.
  34. Bauernschuster, Stefan & Duersch, Peter & Oechssler, Jörg & Vadovic, Radovan, 2010. "Mandatory sick pay provision: A labor market experiment," Journal of Public Economics, Elsevier, vol. 94(11-12), pages 870-877, December.
  35. Vanessa Mertins & Susanne Warning, 2013. "Gender Differences in Responsiveness to a Homo Economicus Prime in the Gift-Exchange Game," IAAEU Discussion Papers 201309, Institute of Labour Law and Industrial Relations in the European Union (IAAEU).
  36. Azar, Ofer H., 2019. "Do fixed payments affect effort? Examining relative thinking in mixed compensation schemes," Journal of Economic Psychology, Elsevier, vol. 70(C), pages 52-66.
  37. Gary Charness & Ramón Cobo-Reyes & Juan A. Lacomba & Francisco Lagos & Jose Maria Perez, 2016. "Social comparisons in wage delegation: experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 19(2), pages 433-459, June.
  38. Angelova, Vera & Güth, Werner & Kocher, Martin G., 2012. "Co-employment of permanently and temporarily employed agents," Labour Economics, Elsevier, vol. 19(1), pages 48-58.
  39. Tor Eriksson & Marie Claire Villeval, 2004. "Other-Regarding Preferences and Performance Pay. An Experiment on Incentives and Sorting," Post-Print halshs-00176781, HAL.
  40. Judd Kessler & Judd B. Kessler, 2013. "When will there be Gift Exchange? Addressing the Lab-Field Debate with Laboratory Gift Exchange Experiments," CESifo Working Paper Series 4161, CESifo.
  41. Emanuela Lezzi & Piers Fleming & Daniel John Zizzo, 2015. "Does it matter which effort task you use? A comparison of four effort tasks when agents compete for a prize," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 15-05, School of Economics, University of East Anglia, Norwich, UK..
  42. Riener, Gerhard & Wiederhold, Simon, 2016. "Team building and hidden costs of control," Journal of Economic Behavior & Organization, Elsevier, vol. 123(C), pages 1-18.
  43. Gächter, Simon & Thöni, Christian, 2010. "Social comparison and performance: Experimental evidence on the fair wage-effort hypothesis," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 531-543, December.
  44. John M. Spraggon & Robert J. Oxoby, 2009. "Game Theory For Playing Games: Sophistication In A Negative‐Externality Experiment," Economic Inquiry, Western Economic Association International, vol. 47(3), pages 467-481, July.
  45. Grund, Christian & Minten, Axel & Toporova, Nevena, 2017. "The Motivation of Temporary Agency Workers: An Empirical Analysis," IZA Discussion Papers 11229, Institute of Labor Economics (IZA).
  46. Ohana, Marc, 2009. "La réciprocité sur le marché du travail : les limites du laboratoire," L'Actualité Economique, Société Canadienne de Science Economique, vol. 85(2), pages 239-256, juin.
  47. Schmitz, Patrick W. & Hoppe-Fischer, Eva, 2015. "Hidden Action and Outcome Contractibility: An Experimental Test of Contract Theory," CEPR Discussion Papers 11002, C.E.P.R. Discussion Papers.
  48. Tambunlertchai, Kanittha & Pongkijvorasin, Sittidaj, 2021. "Regulatory stringency and behavior in a common pool resource game: Lab and field experiments," Journal of Asian Economics, Elsevier, vol. 74(C).
  49. Ernst Fehr & Alexander Klein & Klaus M Schmidt, 2007. "Fairness and Contract Design," Econometrica, Econometric Society, vol. 75(1), pages 121-154, January.
  50. Recalde, María P. & Riedl, Arno & Vesterlund, Lise, 2018. "Error-prone inference from response time: The case of intuitive generosity in public-good games," Journal of Public Economics, Elsevier, vol. 160(C), pages 132-147.
  51. Sabrina Jeworrek & Vanessa Mertins, 2019. "Wage delegation in the field," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 28(4), pages 656-669, November.
  52. Israel Waichman & Ch’ng Kean Siang & Till Requate & Aric P. Shafran & Eva Camacho-Cuena & Yoshio Iida & Shosh Shahrabani, 2015. "Reciprocity in Labor Market Relationships: Evidence from an Experiment across High-Income OECD Countries," Games, MDPI, vol. 6(4), pages 1-22, October.
  53. Nikiforakis, Nikos, 2010. "Feedback, punishment and cooperation in public good experiments," Games and Economic Behavior, Elsevier, vol. 68(2), pages 689-702, March.
  54. Masiliūnas, Aidas, 2023. "Learning in rent-seeking contests with payoff risk and foregone payoff information," Games and Economic Behavior, Elsevier, vol. 140(C), pages 50-72.
  55. Gagnon, Nickolas & Noussair, C., 2016. "Does Reciprocity Persist Over Time?," Research Memorandum 033, Maastricht University, Graduate School of Business and Economics (GSBE).
  56. Maria Bigoni & Giancarlo Spagnolo & Paola Valbonesi, 2010. "Sticks and Carrots in Procurement," "Marco Fanno" Working Papers 0105, Dipartimento di Scienze Economiche "Marco Fanno".
  57. Owens, Mark F., 2011. "Do other-regarding preferences change with age? Evidence from a gift exchange experiment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(6), pages 868-878.
  58. Mark T. Le Quement & Amrish Patel, 2018. "Communication as Gift-Exchange," University of East Anglia School of Economics Working Paper Series 2018-06, School of Economics, University of East Anglia, Norwich, UK..
  59. Paul J. Healy, 2007. "Group Reputations, Stereotypes, and Cooperation in a Repeated Labor Market," American Economic Review, American Economic Association, vol. 97(5), pages 1751-1773, December.
  60. Takafumi Yamakawa & Yoshitaka Okano & Tatsuyoshi Saijo, 2016. "Detecting motives for cooperation in public goods experiments," Experimental Economics, Springer;Economic Science Association, vol. 19(2), pages 500-512, June.
  61. Fortuna Casoria & Arno Riedl, 2013. "Experimental Labor Markets And Policy Considerations: Incomplete Contracts And Macroeconomic Aspects," Journal of Economic Surveys, Wiley Blackwell, vol. 27(3), pages 398-420, July.
  62. Guillaume Fréchette, 2012. "Session-effects in the laboratory," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 485-498, September.
  63. Simon Wiederhold, 2012. "The Role of Public Procurement in Innovation: Theory and Empirical Evidence," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 43.
  64. Stahl, Dale O. & Haruvy, Ernan, 2008. "Subgame perfection in ultimatum bargaining trees," Games and Economic Behavior, Elsevier, vol. 63(1), pages 292-307, May.
  65. Alan Sule & Honoré Bo E. & Hu Luojia & Leth-Petersen Søren, 2014. "Estimation of Panel Data Regression Models with Two-Sided Censoring or Truncation," Journal of Econometric Methods, De Gruyter, vol. 3(1), pages 1-20, January.
  66. Charness, Gary & Kuhn, Peter, 2011. "Lab Labor: What Can Labor Economists Learn from the Lab?," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 3, pages 229-330, Elsevier.
  67. Akinori Tomohara & Akihiko Ohno, 2013. "What are Relevant Work Incentive Models? Shirking Model, Gift Exchange Model, or Reciprocity Model," Journal of Labor Research, Springer, vol. 34(2), pages 241-252, June.
  68. Bogliacino, Francesco & Grimalda, Gianluca & Pipke, David, 2021. "Kind or contented? An investigation of the gift exchange hypothesis in a natural field experiment in Colombia," Kiel Working Papers 2199, Kiel Institute for the World Economy (IfW Kiel).
  69. Frank P. Maier-Rigaud & Jose Apesteguia, 2004. "The Role of Rivalry. Public Goods versus Common-Pool Resources," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2004_2, Max Planck Institute for Research on Collective Goods.
  70. Cobo-Reyes, Ramón & Lacomba, Juan A. & Lagos, Francisco & Levin, Dan, 2017. "The effect of production technology on trust and reciprocity in principal-agent relationships with team production," Journal of Economic Behavior & Organization, Elsevier, vol. 137(C), pages 324-338.
  71. Jose Apesteguia & Frank P. Maier-Rigaud, 2006. "The Role of Rivalry," Journal of Conflict Resolution, Peace Science Society (International), vol. 50(5), pages 646-663, October.
  72. Ferraro Paul J & Vossler Christian A, 2010. "The Source and Significance of Confusion in Public Goods Experiments," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-42, July.
  73. Peter Cappelli & Martin Conyon & David Almeda, 2020. "Social Exchange and the Effects of Employee Stock Options," ILR Review, Cornell University, ILR School, vol. 73(1), pages 124-152, January.
  74. Harmsen - van Hout, Marjolein J.W. & Dellaert, Benedict G.C. & Herings, P. Jean-Jacques, 2016. "Heuristic decision making in network linking," European Journal of Operational Research, Elsevier, vol. 251(1), pages 158-170.
  75. Bonein, Aurélie & Serra, Daniel, 2007. "Another experimental look at reciprocal behavior: indirect reciprocity," MPRA Paper 3257, University Library of Munich, Germany, revised Mar 2007.
  76. Alain Cohn & Ernst Fehr & Lorenz Goette, 2015. "Fair Wages and Effort Provision: Combining Evidence from a Choice Experiment and a Field Experiment," Management Science, INFORMS, vol. 61(8), pages 1777-1794, August.
  77. Solimine, Philip & Isaac, R. Mark, 2023. "Reputation and market structure in experimental platforms," Journal of Economic Behavior & Organization, Elsevier, vol. 205(C), pages 528-559.
  78. Dariel, A. & Riedl, A.M., 2013. "Reciprocal preferences and the unraveling of gift-exchange," Research Memorandum 034, Maastricht University, Graduate School of Business and Economics (GSBE).
  79. Natalia Montinari & Antonio Nicolò & Regine Oexl, 2012. "Mediocrity and induced reciprocity," Working Papers 2012-19, Faculty of Economics and Statistics, Universität Innsbruck.
  80. Gary Charness & Ramón Cobo-Reyes & Natalia Jiménez & Juan Antonio Lacomba & Francisco Lagos, 2010. "The power of delegation: Allowing workers to choose their wage," ThE Papers 09/07, Department of Economic Theory and Economic History of the University of Granada..
  81. Banuri’s, Sheheryar & de Oliveira, Angela C.M. & Eckel, Catherine C., 2019. "Care provision: An experimental investigation," Journal of Economic Behavior & Organization, Elsevier, vol. 157(C), pages 615-630.
  82. Gruener, Sven & Lehberger, Mira & Hirschauer, Norbert & Mußhoff, Oliver, 2021. "How (un-)informative are experiments with “standard subjects” for other social groups? – The case of agricultural students and farmers," SocArXiv psda5, Center for Open Science.
  83. Bigoni Maria & Spagnolo Giancarlo & Valbonesi Paola, 2014. "Sticks and Carrots in Procurement: An Experimental Exploration," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 14(3), pages 1-44, July.
  84. Cassar, Lea & Armouti-Hansen, Jesper & Dereky, Anna & Engl, Florian, 2021. "Efficiency Wages with Motivated Agents," CEPR Discussion Papers 15723, C.E.P.R. Discussion Papers.
  85. Maroš Servátka & Steven Tucker & Radovan Vadovič, 2011. "Building Trust—One Gift at a Time," Games, MDPI, vol. 2(4), pages 1-22, September.
  86. Simon G�chter & Ernst Fehr, "undated". "Fairness in the Labour Market � A Survey of Experimental Results," IEW - Working Papers 114, Institute for Empirical Research in Economics - University of Zurich.
  87. Christian Brück & Thorsten Knauer & Harald Meier & Anja Schwering, 2021. "Self-set salaries and creativity," Journal of Business Economics, Springer, vol. 91(1), pages 91-121, February.
  88. Brent J. Davis & Rudolf Kerschbamer & Regine Oexl, 2017. "Is reciprocity really outcome-based? A second look at gift-exchange with random shocks," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 3(2), pages 149-160, December.
  89. Akinori Tomohara & Akihiko Ohno, 2016. "Domains of reciprocity beyond monetary compensation: How do non-pecuniary factors affect effort and shirking?," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1178884-117, December.
  90. Robert J. Oxoby & John Spraggon, 2013. "A Clear And Present Minority: Heterogeneity In The Source Of Endowments And The Provision Of Public Goods," Economic Inquiry, Western Economic Association International, vol. 51(4), pages 2071-2082, October.
  91. Takehisa Kumakawa & Tatsuyoshi Saijo & Takehiko Yamato, 2015. "Isolating and identifying motivations: A voluntary contribution mechanism experiment with interior Nash equilibria," Working Papers SDES-2015-16, Kochi University of Technology, School of Economics and Management, revised Mar 2015.
  92. Jesper Armouti-Hansen & Lea Cassar & Anna Deréky & Florian Engl, 2020. "Efficiency Wages with Motivated Agents," CESifo Working Paper Series 8474, CESifo.
  93. Dennis A.V. Dittrich & Anthony Ziegelmeyer, 2006. "Laboratory Bilateral Gift Exchange: The Impact of Loss Aversion," Papers on Strategic Interaction 2005-34, Max Planck Institute of Economics, Strategic Interaction Group.
  94. Chen, Zeyang & Lin, Wanchuan & Meng, Juanjuan, 2022. "Does gift competition hurt? An experimental study of multilateral gift exchange," Journal of Economic Behavior & Organization, Elsevier, vol. 201(C), pages 260-275.
  95. Singh, Prakarsh & Masters, William A., 2017. "Impact of caregiver incentives on child health: Evidence from an experiment with Anganwadi workers in India," Journal of Health Economics, Elsevier, vol. 55(C), pages 219-231.
  96. Agranov, Marina & Fréchette, Guillaume & Palfrey, Thomas & Vespa, Emanuel, 2016. "Static and dynamic underinvestment: An experimental investigation," Journal of Public Economics, Elsevier, vol. 143(C), pages 125-141.
  97. Casari, Marco & Cason, Timothy N., 2009. "The strategy method lowers measured trustworthy behavior," Economics Letters, Elsevier, vol. 103(3), pages 157-159, June.
  98. Alain Cohn & Ernst Fehr & Lorenz Goette, 2013. "Fair wages and effort provision: Combining evidence from the lab and the field," ECON - Working Papers 107, Department of Economics - University of Zurich.
  99. Lazzarini, Sergio G., 2002. "Moving out of Committed Relationships," Insper Working Papers wpe_31, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
  100. Christian Lukas, 2018. "Monotone vs. non-monotone incentive structures: an experimental analysis," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 16(1), pages 12-34.
  101. William B. Tayler & Robert J. Bloomfield, 2011. "Norms, Conformity, and Controls," Journal of Accounting Research, Wiley Blackwell, vol. 49(3), pages 753-790, June.
  102. Gächter, Simon & Thöni, Christian, 2010. "Social comparison and performance: Experimental evidence on the fair wage-effort hypothesis," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 531-543, December.
  103. Peter Cappelli & Shinjae Won, 2016. "How You Pay Affects How You Do: Financial Aid Type and Student Performance in College," NBER Working Papers 22604, National Bureau of Economic Research, Inc.
  104. Tony Beatton & Uwe Dulleck & Jonas Fooken & Markus Schaffner, 2017. "Wages, Promises and Effort in an Intercultural Labour Market: Experimental Evidence from Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 50(3), pages 257-277, July.
  105. Gerhard Riener & Simon Wiederhold, 2011. "Costs of Control in Groups," ifo Working Paper Series 113, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
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