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information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …
Persistent link: https://www.econbiz.de/10010292012
enforcement costs. Then, we bring our conjectures to rich administrative Swedish microlevel data that include specific information …
Persistent link: https://www.econbiz.de/10013162007
information or trust is lacking. Immigrant employees could reduce such offshoring costs through their knowledge of their former …
Persistent link: https://www.econbiz.de/10012654418
increasingly common around the world. Using daily information on prices, click-throughs, and the number of retailers for a sample …
Persistent link: https://www.econbiz.de/10012666073
Swedish microlevel data that include specific information about the characteristics of employees, manufacturing firms and …
Persistent link: https://www.econbiz.de/10015359582
The paper examines the economic role of modelling information on the decision problem of an exporting firm under … exchange rate risk and hedging. Information is described in terms of market transparency, i.e., a publicly observable signal … conveys more information about the random foreign exchange rate. We analyze the interaction between market transparency and …
Persistent link: https://www.econbiz.de/10010300624
-to-noise ratio. A close relationship with expected optimal bias under cardinal information helps explain this surprising result …
Persistent link: https://www.econbiz.de/10013461490
We examine the impact of reputational concerns on seeking advice. While seeking can improve performance, it may affect how others perceive the seeker's competence. In an online experiment with white-collar professionals (N=2,521), we test how individuals navigate this tradeoff and if others'...
Persistent link: https://www.econbiz.de/10014467726
We study the interplay between quality provision and consumer search in a search market where firms may design products of inferior quality to promote them to naive consumers who fail to fully understand product characteristics. We derive an equilibrium in which both superior and inferior...
Persistent link: https://www.econbiz.de/10014467783
We study the implications of biased consumer beliefs for search market outcomes in the seminal framework due to Diamond (1971). Biased consumers base their search strategy on a belief function which specifies for any (true) distribution of utility offers in the market a possibly incorrect...
Persistent link: https://www.econbiz.de/10014467876