Sutter, Matthias; Kocher, Martin G. - Volkswirtschaftliche Fakultät, … - 2004
We study the behavior of football (soccer) referees in the German Bundesliga. Referees are requested to act as impartial agents. However, they may allocate benefits and rewards in a biased way. Agency theory has long neglected this possible form of malfeasance of economic agents, but has rather...