Showing 1 - 10 of 1,007
Persistent link: https://www.econbiz.de/10014291971
This paper develops identification and estimation methods for dynamic structural models when agents' actions are unobserved by econometricians. We provide conditions under which choice probabilities and latent state transition rules are nonparametrically identified with a continuous state...
Persistent link: https://www.econbiz.de/10012271085
reputation for honesty, so then he defrauds his customers to achieve a higher payoff. In equilibrium, deception for a long period …
Persistent link: https://www.econbiz.de/10013003288
The paper solves a puzzle related to unsecured credit and the use of credit scores. With credit scores increasingly present in credit decisions, and with the increased use of credit cards, especially in categories at risk of large negative health shocks, asymmetry of information between banks...
Persistent link: https://www.econbiz.de/10013097729
A monopolist uses prices as an instrument to influence consumers' belief about the unknown quality of its product. Consumers observe prices and sales in earlier periods to learn about the product. Every period they decide whether to consume the product or to wait for a lower price in future. We...
Persistent link: https://www.econbiz.de/10013065803
We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption decisions without exact prior knowledge of their long-term consequences. For arbitrary distributions of risk, there exists a consumer-optimal information nudge that is of cutoff...
Persistent link: https://www.econbiz.de/10011925064
We study the optimal design of information nudges for present-biased consumers who have to make sequential consumption decisions without exact prior knowledge of their long-term consequences. For arbitrary distributions of risk, there exists a consumer-optimal information nudge that is of cutoff...
Persistent link: https://www.econbiz.de/10011931410
Motivated by the phenomenon that some retailers with high-end brand images, such as Neiman Marcus and Bergdorf Goodman, prefer to hinder consumers from sharing information through online reviews, we study an online retailer's strategy of hindering or facilitating consumer information sharing in...
Persistent link: https://www.econbiz.de/10014089327
suppliers in order to establish a reputation as a switcher, thereby securing better future price offers …
Persistent link: https://www.econbiz.de/10014044250
behavior a reputation system is particularly important to reduce information asymmetries about the quality of the offered … product or service. In this study we examine the effectiveness of a reputation system to reduce information asymmetries when … choices and short-lived customers are asked to evaluate the observed quality by providing ratings to a reputation system. The …
Persistent link: https://www.econbiz.de/10012949216