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Dividing Online and Offline : A Case Study

Jin, Ginger Zhe; Kato, Andrew - 2014

Every new method of trade offers an opportunity for economic agents to compare its costs and benefits relative to the status quo. Such comparison motivates sorting across market segments and reshapes the whole marketplace. The Internet provides an excellent example: it introduces substantial...

Persistent link: https://www.econbiz.de/10014054233

Dividing Online and Offline : A Case Study

Jin, Ginger Zhe; Kato, Andrew - 2014

Persistent link: https://www.econbiz.de/10014057048

Quality Infomediation in Search Markets

Kennes, John R.; Schiff, Aaron - 2007

We examine the effects of informational intermediation by a third party 'infomediary' in a search model with heterogeneous seller qualities and asymmetric information. The infomediary earns revenue by selling a list of accredited sellers (a 'guidebook') to buyers and selling accreditations to...

Persistent link: https://www.econbiz.de/10014057918

Signaling versus costly information acquisition

Bester, Helmut; Lang, Matthias; Li, Jianpei - 2018

In Spence's (1973) signaling by education model and in many of its extensions, firms can only infer workers …' productivities. We characterize the trade-offs between signaling by workers and costly information acquisition by firms. Information … workers have low productivity. Our analysis applies also to other signaling problems, e.g. the financial structure of firms …

Persistent link: https://www.econbiz.de/10011888619

Selling certification of private and market information

Celik, Gorkem; Strausz, Roland - 2024

We consider a monopolistic certifier selling certification services to a partially privately informed seller. The …

Persistent link: https://www.econbiz.de/10015053483

Precontractual investigation and sequential screening

Terstiege, Stefan - 2013

Should contract design induce an agent to conduct a precontractual investigation even though, in any case, the agent will become fully informed after the signing of the contract? This paper shows that imperfect investigations might be encouraged. The result stands in contrast to previous...

Persistent link: https://www.econbiz.de/10010198969

Signaling versus costly information acquisition

Bester, Helmut; Lang, Matthias; Li, Jianpei - 2018

Persistent link: https://www.econbiz.de/10011878774

Signaling versus auditing

Bester, Helmut; Lang, Matthias; Li, Jianpei - 2021

characterize the trade–offs between signaling by workers and costly auditing by firms. Auditing is always associated with (partial …

Persistent link: https://www.econbiz.de/10012648090

Advice is cheap : information is not!

Häfner, Samuel; Taylor, Curtis R. - 2017

An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...

Persistent link: https://www.econbiz.de/10012117630

Good News or Bad News? Information Acquisition and Applicant Screening in Competitive Labor Markets

Wagman, Liad - 2014

We model a competitive labor market with heterogeneous firms of varying productivities, and consider two information-collection processes: searching for "good news" about applicants, and searching for "bad news." Under the former, firms seek positive signals to qualify applicants, and under the...

Persistent link: https://www.econbiz.de/10013061024