Many business relationships rely on loose arrangements and relational dynamics in early interactions, only to solidify their alliances through contractual commitments later. Using a repeated-games framework with…
In a model of asymmetric regulation, a firm can comply with two regulatory targets, and a regulator can audit the firm for compliance. Inspection by the regulator is imperfect, and it assesses the firm’s…
Identifying high growth startups ex-ante and fostering their success is an important policy challenge. Using Swedish registry data, we show that previous labor market earnings of entrepreneurs is a simple…
This paper investigates relative earnings of individuals leaving tertiary education without a degree across 18 European countries employing survey data on adult workers. We find that, on average, university…
While the importance of local characteristics for innovation activities has been studied extensively, it remains largely unknown to which extent better transport-based accessibilities facilitate innovation. This…
We provide experimental evidence on how employers adjust expectations to automation risk in high-skill, white-collar work. Using a randomized information intervention among tax advisors in Germany, we show that…
