Its work is a response to the fact that psychological and institutional influences are still neglected by many economists, with a consequent weakening of the explanatory power of economic models. The IW scientists point to the basis of economic policy in political structures and link their work to behavioural economics, thus taking account of psychological and sociological factors. Additionally, the researchers make use of the insights of modern institutional economics, which focuses on the costs of contract negotiations and processes (transaction costs) and the importance of incentives for human behaviour. On the basis of these interdisciplinary theoretical approaches, our economists then develop analyses and practical policy recommendations relating particularly to the ethical dilemmas of companies and commerce.
Cooperation Partners
Technische Köln – Schmalenbach Institut für Wirtschaftswissenschaften
Universität zu Köln – Institut für Wirtschafts- und Sozialpsychologie
Universität Wien – Institut für Arbeits-, Organisations- und Wirtschaftspsychologie
Universität Linz – Institut für Volkswirtschaftslehre
Die Zukunft der Arbeit – Roman Herzog Institut
Max-Planck-Institut für Gesellschaftsforschung
Katholische Akademie in Berlin
Evangelische Akademie zu Berlin
Bund Katholischer Unternehmer
Arbeitskreis Evangelischer Unternehmer in Deutschland
Behavioral Economics and Leadership: How to Bridge the Gap Between Intentions and Behavior
Dominik Enste / Sarah-Nell Altenhöner
The difference between existing intentions and actual behavior occurs in various forms, such as procrastination or companies not being able to implement planned changes, which may lead to competitive disadvantages in ever dynamic business environments.
The Seven Deadly Sins: Interpretations and Recommendations from Behavioral Economics
Dominik H. Enste / Johanna Kary
Envy, gluttony, greed, lust, pride, sloth and wrath – the so-called seven deadly sins are widely known and even more widely committed. The terms describe seven motives and behavioral patterns which, despite being branded as vices, actually steer many people’s conduct in their daily lives.
Going Green with Behavioral Economics: How to Combine Business and Ethics
Dominik Enste / Julia Wildner / Lucia Nafziger
This paper calls for an increased discourse between Fridays for Future and representatives of business. Fridays for Future play a key role in educating the public and raising awareness of scientific reports, such as the Intergovernmental Panel on Climate Change (IPCC) assessment, which demonstrate the urgency with which we must tackle climate change.
This research work is intended to analyze the economic consequences and ethical challenges that are caused by the coronavirus pandemic and to predict whether one can find a balance within the arising conflict of interest between economy, health and ethics. The solution strategies of Germany, Sweden and South Korea will be compared in order to evaluate different types of crisis management and to finally derive possible lessons from the crisis.
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