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Dynamic signaling with stochastic stakes

Gryglewicz, Sebastian; Kolb, Aaron - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 539-559

chooses whether to continue receiving a return that is an increasing function of both her reputation and an exogenous public …, and she builds a reputation by continuing when the stakes reach a new minimum. We discuss applications to corporate … reputation management, online vendor reputation, and limit pricing with stochastic demand. …

Persistent link: https://www.econbiz.de/10013273761

Trust and betrayals: reputational payoffs and behaviors without commitment

Pei, Harry - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 449-475

I study a repeated game in which a patient player wants to win the trust of some myopic opponents but can strictly benefit from betraying them. His benefit from betrayal is strictly positive and is his persistent private information. I characterize every type of patient player's highest...

Persistent link: https://www.econbiz.de/10012587361

Transparency and government reputation : an experiment on signaling

Otálvaro-Ramírez, Susana; Scartascini, Carlos G.; … - 2025

initiatives matter in shaping citizens' perceptions of the reputation of the government. We find, however, strong heterogeneity …

Persistent link: https://www.econbiz.de/10015197814

Estimating firms' bank-switching costs

Liaudinskas, Karolis; Grigaitė, Kristina - 2021

We explore Lithuanian credit register data and two bank closures to provide a novel estimate of firms' bank-switching costs and a novel identification of the hold-up problem. We show that when a distressed bank's closure forced firms to switch, these firms started borrowing at lower interest...

Persistent link: https://www.econbiz.de/10012544446

Why do countries in financial distress strategically delay seeking help?

Tsoulouhas, Theofanis C. - In: Journal of government and economics : JGE 2 (2021), pp. 1-11

The paper differs from current literature by providing a systematic analysis of the relationship between sovereign debt, financial distress and political career concerns via a novel game-theoretic model, in order to analyze the strategic behavior of governments in revealing financial distress...

Persistent link: https://www.econbiz.de/10012803215

Why do voters support procyclical fiscal policies? : experimental evidence from Latin America

Ardanaz, Martin; Hübscher, Evelyne; Keefer, Philip; … - 2023

Governments often pursue procyclical fiscal policies, even though they reduce voter welfare. Is this because voters actually prefer procyclical policies? The analysis in this paper exploits the first individual-level evidence from an original survey of 12,000 respondents in 8 countries across...

Persistent link: https://www.econbiz.de/10014460802

Repeated trade with imperfect information about previous transactions

Dilmé, Francesc - In: Theoretical economics : TE ; an open access journal in … 20 (2025) 1, pp. 209-254

This paper studies repeated trade with noisy information about previous transactions. A buyer has private information about his willingness to pay, which is either low or high, and buys goods from different sellers over time. Each seller observes a noisy history of signals about the buyer's...

Persistent link: https://www.econbiz.de/10015332593

To share or not to share : an analysis of wine list disclosure by Swiss restaurant owners

Gergaud, Olivier; Masset, Philippe; Pedrinelli, Alice; … - In: Journal of wine economics 19 (2024) 1, pp. 4-18

This paper uses data from the 2021 Swiss edition of the Gault&Millau food guide to analyze the probability with which restaurant owners decide to share their wine list with the public. This is an important question relating to the amount of information circulating in markets characterized by...

Persistent link: https://www.econbiz.de/10014636853

Corporate reputation and the future cost of equity

Pfister, Benjamin; Schwaiger, Manfred; Morath, Tobias - In: Business research 13 (2020) 1, pp. 343-384

Corporate reputation is an important management objective, bearing the potential to create sustainable competitive …. Applying a validated measure of reputation, we scrutinize its impact for a set of German blue-chip companies between 2005 and … 2011. We show that higher levels of reputation are associated with a lower future cost of equity. While reputation …

Persistent link: https://www.econbiz.de/10012257467

The use of the principle of sharing and mutuality in covering risks (in the modern world)

Łyskawa, Krzysztof; Janowicz-Lomott, Marietta - In: International journal of business and economic sciences … 15 (2022) 2, pp. 1-15

needs of clients. Consequently, the agency theory (principal-agent dependency) commonly used in modern times is being …

Persistent link: https://www.econbiz.de/10013489498