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Nuclear Weapons and National Prestige
O'Neill, Barry - Cowles Foundation for Research in Economics, Yale University - 2006
Leaders and historians see prestige as important, but international relations theorists have neglected the concept, in … part for lack of a clear definition. It is proposed that a party "holds prestige" when group members generally believe that … gains support from a survey of international affairs writings on the sources of prestige. Prestige is strategically …
Persistent link: https://www.econbiz.de/10005762500
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Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt, 1815-1913
Flandreau, Marc; Zendejas, Flores; Huitzilihuitl, Juan - C.E.P.R. Discussion Papers - 2010
ownership of reputation signals by prestigious banks rendered them able and willing to monitor government borrowing. Monitoring … prestigious bankers, bondholders’ committees had neither the tools nor the prestige required for effectively dealing with …
Persistent link: https://www.econbiz.de/10008554223
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Determinanten des Beziehungserfolgs bei der Beschaffung auf elektronischen M�rkten
Helm, Roland; Wolfgang St�lzle - Wirtschaftswissenschaftliche Fakultät, … - 2006
Die Zielgr��e "Beziehungserfolg" stellt bei der Analyse von B2B-Gesch�ftsbeziehungen seit langem eine erhebliche Rolle. In diesem Beitrag wird der Frage nachgegangen, welche Gr��en typischer Beziehungsmodelle sich ver�ndern, wenn die Transaktionen �ber eine...
Persistent link: https://www.econbiz.de/10005835243
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Pundits and Quacks
Rudiger, Jesper; Vigier, Adrien - Cowles Foundation for Research in Economics, Yale University - 2015
Do asset prices aggregate investors’ private information about the ability of financial analysts? We show that as financial analysts become reputable, the market can get trapped: Investors optimally choose to ignore their private information, and blindly follow analyst recommendations. As time...
Persistent link: https://www.econbiz.de/10011240393
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Laws and Norms
Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2011
This paper analyzes how private decisions and public policies are shaped by personal and societal preferences (values), material or other explicit incentives (laws) and social sanctions or rewards (norms). It first examines how honor, stigma and social norms arise from individuals’ behaviors...
Persistent link: https://www.econbiz.de/10009371470
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Career Concerns with Coarse Information
Bonatti, Alessandro; Horner, Johannes - Cowles Foundation for Research in Economics, Yale University - 2011
This paper develops a model of career concerns. The worker's skill is revealed through output, wage is based on expected output, and so on assessed ability. Specifically, effort increases the probability that a skilled worker achieves a one-time breakthrough. Effort levels at different times are...
Persistent link: https://www.econbiz.de/10009352220
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Losing Face
Hugh-Jones, David; Reinstein, David - Wirtschaftswissenschaftliche Fakultät, … - 2010
consequences for future reputation, it may also enter directly into the utility function. Loss of face concerns can lead to fewer …
Persistent link: https://www.econbiz.de/10008676563
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Regulatory Sanctions and Reputational Damage in Financial Markets
Armour, John; Mayer, Colin; Polo, Andrea - C.E.P.R. Discussion Papers - 2010
reputation and regulatory policy. …
Persistent link: https://www.econbiz.de/10008682887
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Building Reputation for Contract Renewal: Implications for Performance Dynamics and Contract Duration
Iossa, Elisabetta; Rey, Patrick - C.E.P.R. Discussion Papers - 2013
We study how career concerns affect the dynamics of incentives in a multi-period contract, when the agent’s productivity is a stochastic function of his past productivity and investment. We show that incentives are stronger and performance is higher when the contract approaches its expiry...
Persistent link: https://www.econbiz.de/10011083903
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Reputation and Entry in Procurement
Butler, Jeff; Carbone, Enrica; Conzo, Pierluigi; … - C.E.P.R. Discussion Papers - 2013
experiment exploring the relationship between reputation and entry in procurement. We implement a repeated procurement game with …
Persistent link: https://www.econbiz.de/10011083951