Martin Kolmar is Professor of Economics and Director of the Institute for Business Ethics at the University of St. Gallen, Switzerland. He studied Economics in Bonn and Berkeley and holds a PhD in Economics from the University of Konstanz. His research interests range from Institutional and Behavioral to Normative Economics and Philosophy. He is especially interested in the evolutionary, psychological and neuroscientific foundations of behaviour and well-being. Magnus Hoffmann is a Senior Research Fellow at the University of St. Gallen, Switzerland. He studied Politics and Economics in Marburg and Mainz and holds a PhD in Economics from the University of Mainz. His fields of expertise include contests, industrial organization (IO) and tax competition.