Showing 1 - 10 of 21
Persistent link: https://www.econbiz.de/10005405818
Many Internet markets rely on ‘feedback systems’, essentially social networks of reputation, to facilitate trust and … of these systems. We investigate how different forms of market competition and social reputation networks interact in a …-from-trade. One reason is that information about reputation trumps pricing in the sense that traders usually do not conduct business …
Persistent link: https://www.econbiz.de/10005766257
Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable … good type. Hence reputation is tradeable, although ownership change is observable. In our model, reputation is an …
Persistent link: https://www.econbiz.de/10005405863
In repeated games, it is hard to distinguish true prosocial behavior from strategic instrumental behavior. In particular, a player does not know whether a reciprocal action is intrinsically or instrumentally motivated. In this paper, we experimentally investigate the relationship between...
Persistent link: https://www.econbiz.de/10011082823
We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008), career concerns are introduced in a sequential asset market, where wages for investors are set by subjects in the role of employers. Employers can observe investment...
Persistent link: https://www.econbiz.de/10011122679
emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … that would help prevent potential crises. We provide evidence of the relevance of this reputation mechanism. …
Persistent link: https://www.econbiz.de/10010888458
In this paper we develop a theory of patenting in which a firm preserves its reputation to only apply for a patent … reputation to be preserved in equilibrium and analyze which market environments are favorable for such an equilibrium to exist …
Persistent link: https://www.econbiz.de/10010877828
equilibria share some features with the ones of multi-sided reputation models. …
Persistent link: https://www.econbiz.de/10010752435
This paper looks at how the reputation of a monetary policy making committee is jointly determined with the reputations … of its individual members. I ask whether individuals ha ve more or less incentive to gain a reputation for being tough on …
Persistent link: https://www.econbiz.de/10005765744
Recent evidence highlights the importance of social norms in many economic relations. However, many of these relationships are long-term and provide repeated game incentives for performance. We experimentally investigate interaction effects of reciprocity and repeated game incentives in two...
Persistent link: https://www.econbiz.de/10005765855