1. Refereed Journal // forthcoming

    Acquisition Experience and the Winner’s Curse in Corporate Acquisitions

    The winner’s curse describes the behavioural phenomenon that the winner of a bidding contest pays a price that is too high. This paper shows that experiential learning cannot prevent a winner’s curse on the…

  2. Refereed Journal // forthcoming

    Worst-Case Equilibria in First-Price Auctions

    The usual analysis of bidding in first-price auctions assumes that bidders know the distribution of valuations. We analyze first-price auctions in which bidders do not know the precise distribution of…

  3. Refereed Journal // forthcoming

    R&D grants and R&D tax credits to foreign-owned subsidiaries: Does supporting Multinational Enterprises' R&D pay off in terms of firm performance improvements for the host economy?

    The subsidiaries of foreign-owned multinational firms make significant contributions to national Research and Development (R&D) in many host countries. Policymakers in host countries often support subsidiaries’…

  4. Refereed Journal // forthcoming

    Unemployment and Online Labor - Evidence from Microtasking

    We analyze the relationship between unemployment and the supply of online labor for microtasking. Using detailed US data from a large microtasking platform between 2011 and
    2015, we study the participation…

  5. Refereed Journal // forthcoming

    Birth Cohort Size Variation and the Estimation of Class Size Effects

    We show that in school systems with grade retention or redshirting birth cohort size is negatively related to the grade-level share of students who are too old for their grade. This compositional effect gives…

  6. Refereed Journal // forthcoming

    Does Pay Transparency Affect the Gender Wage Gap? Evidence from Austria

    We study the 2011 Austrian pay transparency law, which requires firms above a size threshold to publish internal reports on the gender pay gap. Using an event-study design, we show that the policy had no…

  7. Refereed Journal // 2025

    Computers as Stepping Stones? Technological Change and Equality of Labor Market Opportunities

    This  paper  analyzes  whether  technological  change  improves  equality  of  labormarket opportunities by increasing the returns to skills relative to the returns toparental background.  We find that in…