When dealing with a dynamic causal system people may employ a variety of different strategies. One of these strategies is causal learning, that is, learning about the causal structure and parameters of the system acted upon. In two experiments we examined whether people spontaneously induce a causal model when learning to control the state of an outcome value in a dynamic causal system. After t...

When there is competition for the control over a listed firm, the contestants have to bid for it by committing their own resources to prop up the firm, which benefits ordinary outside shareholders. The existing literature has not provided clear evidence of propping and the conditions under which propping prevails. The evidence for the benefits of having a market for corporate control is also la...

Human capital theory predicts that differences in wages arise because of differences in human capital. The latter can be accumulated in two ways: through experience and education. Using matched firm worker data for the Ghanaian Manufacturing sector we test whether changes in wages over the life cycle reflect changes in performance, following the methodology of Medoff and Abraham (1980, 1981), a...

Developing multithreaded software is an extremely challenging task, even for experienced programmers. The challenge does not end after the code is written. There are other tasks associated with a development process that become exceptionally hard in a multithreaded environment. A good example of this is creating unit tests for concurrent data structures. In addition to the desired test logic, s...

In this paper we present the work in progress on LogCHEM, an ILP based tool for discriminative interactive mining of chemical fragments. In particular, we describe the integration with a molecule visualisation software that allows the chemist to graphically control the search for interesting patterns in chemical fragments. Furthermore, we show how structured information, such as rings, function...

The stakeholder view of the firm has contributed to re-define the relationship between the firm and its stakeholders. Stakeholder theory can be grounded on instrumental or normative arguments. While many recent theoretical and empirical works in the stakeholder management literature have used the generic instrumental/normative distinction, the nature of stakeholders “stake” itself has received ...

While sharing the innovation between a buyer and a supplier can increase the efficiency and total profit of the supply chain, many suppliers are reluctant to do so. Sharing innovations leaves the supplier in a vulnerable position if the buyer exploits the information (e.g. by re-sharing the supplier’s innovation with competing suppliers). In this paper, we examine conditions under which a colla...

This research reviews and tests two contradicting notions in cost stickiness literature by empirical recognition of the consequences of cost stickiness. Cost stickiness is consistent with both rational resource planning and opportunistic incentives of manager to increase personal benefits arising from status and power. Although both mechanisms involve asymmetric retention of slack, some of the ...