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Guilt from promise-breaking and trust in markets for expert services: Theory and experiment

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - 2010

experts make the predicted promise; (2) proper promises induce consumer-friendly behavior; and (3) higher interaction prices …

Persistent link: https://www.econbiz.de/10010269892

The good, the bad and the naive: Do fair prices signal good types or do they induce good behaviour?

Dulleck, Uwe; Johnston, David W.; Kerschbamer, Rudolf; … - 2012

Evidence on behavior of experts in credence goods markets raises an important causality issue: Do fair prices induce … good behavior, or do good experts post fair prices? To answer this question we propose and test a model with three seller … fixed effects regressions support the model's predictions and show that causality goes from good experts to fair prices. …

Persistent link: https://www.econbiz.de/10010286902

Guilt from Promise-Breaking and Trust in Markets for Expert Services: Theory and Experiment

Beck, Adrian; Kerschbamer, Rudolf; Qiu, Jianying; … - Institute for the Study of Labor (IZA) - 2010

to a consumer first, whereupon the consumer can express her trust by paying an interaction price before the expert’s … provision and charging decisions. We argue that the expert’s promise induces a commitment that triggers guilt if the promise is … experts make the predicted promise; (2) proper promises induce consumer-friendly behavior; and (3) higher interaction prices …

Persistent link: https://www.econbiz.de/10008529143

The Good, the Bad and the Naive: Do Fair Prices Signal Good Types or Do They Induce Good Behaviour?

Dulleck, Uwe; Johnston, David W.; Kerschbamer, Rudolf; … - Institute for the Study of Labor (IZA) - 2012

Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce … "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three … selection and fixed effects regressions support the model's predictions and show that causality goes from good experts to fair …

Persistent link: https://www.econbiz.de/10011279266

Financing entrepreneurship and the old-boy network

Inci, Eren; Parker, Simon C. - 2012

We study entrepreneurs' start-up financing from banks and local financiers. An informal network, whose membership cannot be observed by outsiders, conveys the good signals it gets about the hidden types of network entrepreneurs to local financiers, which are then reflected in different loan...

Persistent link: https://www.econbiz.de/10010282600

Financing Entrepreneurship and the Old-Boy Network

Inci, Eren; Parker, Simon C. - Institute for the Study of Labor (IZA) - 2012

Persistent link: https://www.econbiz.de/10009646307

Asymmetric Information under the Kafala Sponsorship System: Impacts on Foreign Domestic Workers' Income and Employment Status in the GCC Countries

Malit, Froilan T.; Naufal, George S - 2016

This paper examines the legal and policy implications of information asymmetry on foreign domestic workers employed under the Kafala sponsorship system in the Gulf Cooperation Council (GCC) countries. Drawing from ethnographic and field-based observations in large GCC migrant destinations –...

Persistent link: https://www.econbiz.de/10011494313

Epidemic Exposure, Financial Technology, and the Digital Divide

Saka, Orkun; Eichengreen, Barry; Aksoy, Cevat Giray - 2022

We ask whether epidemic exposure leads to a shift in financial technology usage and who participates in this shift. We exploit a dataset combining Gallup World Polls and Global Findex surveys for some 250,000 individuals in 140 countries, merging them with information on the incidence of...

Persistent link: https://www.econbiz.de/10013351739

"Since You're So Rich, You Must Be Really Smart": Talent, Rent Sharing, and the Finance Wage Premium

Böhm, Michael Johannes; Metzger, Daniel; Strömberg, Per - 2022

Financial sector wages have increased extraordinarily over the last decades. We address two potential explanations for this increase: (1) rising demand for talent and (2) firms sharing rents with their employees. Matching administrative data of Swedish workers, which include unique measures of...

Persistent link: https://www.econbiz.de/10013351876

Is Mobile Money Changing Rural Africa? Evidence from a Field Experiment

Batista, Catia; Vicente, Pedro C. - 2023

Rural areas in Sub-Saharan Africa are typically underserved by financial services. Mobile money brings a substantial reduction in the transaction costs of remittances. We follow the introduction of mobile money for the first time in rural villages of Mozambique using a randomized field...

Persistent link: https://www.econbiz.de/10014296845