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Non-comparative versus comparative advertising as a quality signal

Emons, Winand; Fluet, Claude - 2008

Two firms produce a product with a horizontal and a vertical characteristic. We call the vertical characteristic quality. The difference in the quality levels determines how the firms share the market. Firms know the quality levels, consumers do not. Under non-comparative advertising a firm may...

Persistent link: https://www.econbiz.de/10010316055

Open Source as a Signalling Device - An Economic Analysis

Lee, Samuel; Moisa, Nina; Weiß, Marco - 2003

Open source projects produce goods or standards that do not allow for the appropriation of private returns by those who contribute to their production. In this paper we analyze why programmers will nevertheless invest their time and effort to code open source software. We argue that the...

Persistent link: https://www.econbiz.de/10010316312

Cooperation between Competitors - Subcontracting and the influence of information, production and capacity on market structure and competition

Schenk, Christoph - 1999

werden erstens Signalling via Querlieferungen und zweitens die Auswirkungen auf Produktvielfalt und Kapazitätsentscheidungen … Wettbewerbern die Wohlfahrt erhöht oder reduziert. Der Markt ist in der Lage, Mechanismen wie z.B. Signalling via Querlieferungen zu … subcontracting model first signalling via subcontracting and secondly the effects on product variety and capacity decisions are being …

Persistent link: https://www.econbiz.de/10009467017

Umbrella branding and external certification

Hakenes, Hendrik; Peitz, Martin - 2008

In a market environment with random detection of product quality, a firm can employ umbrella branding as a strategy to convince consumers of the high quality of its products. Alternatively, a firm can rely on external certification of the quality of one or both of its products. We characterize...

Persistent link: https://www.econbiz.de/10010264839

Learning and signalling in the French and German venture capital industries

Stolpe, Michael - 2003

. It shows that venture capital operates according to the signalling model in France and according to the learning model in … Germany. Only the learning model can serve as a rationale for government subsidies. In the signalling model, many young …

Persistent link: https://www.econbiz.de/10010265598

Ideology without ideologists

Mechtenberg, Lydia - 2007

Generally, Democrats do not increase military spending, and Republicans do not raise welfare payments. Mostly, ruling politicians stick to the manifesto of their party. The current paper provides a theoretical explanation for this phenomenon that does not assume politicians or voters to be...

Persistent link: https://www.econbiz.de/10010265664

Signalling with career concerns

Chung, Kim-Sau; Eső, Péter - 2007

Consider an agent (manager, artist, etc.) who has imperfect private information about his productivity. At the beginning of his career (period 1, short run"), the agent chooses among publicly observable actions that generate imperfect signals of his productivity. The actions can be ranked...

Persistent link: https://www.econbiz.de/10010271972

Does education raise productivity, or just reflect it?

Chevalier, Arnaud; Harmon, Colm; Walker, Ian; Zhu, Yu - 2003

education simply reflects the ability of the worker (through a signalling role). In this paper we describe and implement, using …. We find little support for signalling ideas in these tests. However, we have severe reservations about these results …

Persistent link: https://www.econbiz.de/10010293827

Oligopolistic Competition in Price and Quality

Dubovik, Andrei; Janssen, Maarten C.W. - 2008

neither. We show that two types of signalling equilibria are possible. Both are characterised by dispersion and Pareto …

Persistent link: https://www.econbiz.de/10010325731

Punching above One's Weight: The Case against Election Campaigns

Haan, Marco A.; Los, Bart; Onderstal, Sander; Riyanto, … - 2010

Politicians differ in their ability to implement some policy. In an election, candidates make commitments regarding the plans they will try to implement if elected. These serve as a signal of true ability. In equilibrium, candidates make overambitious promises. The candidate with the highest...

Persistent link: https://www.econbiz.de/10010325822