Showing 1 - 10 of 13
Leaders and historians see prestige as important, but international relations theorists have neglected the concept, in … part for lack of a clear definition. It is proposed that a party "holds prestige" when group members generally believe that … gains support from a survey of international affairs writings on the sources of prestige. Prestige is strategically …
Persistent link: https://www.econbiz.de/10005762500
Die Zielgr��e "Beziehungserfolg" stellt bei der Analyse von B2B-Gesch�ftsbeziehungen seit langem eine erhebliche Rolle. In diesem Beitrag wird der Frage nachgegangen, welche Gr��en typischer Beziehungsmodelle sich ver�ndern, wenn die Transaktionen �ber eine...
Persistent link: https://www.econbiz.de/10005835243
Do asset prices aggregate investors’ private information about the ability of financial analysts? We show that as financial analysts become reputable, the market can get trapped: Investors optimally choose to ignore their private information, and blindly follow analyst recommendations. As time...
Persistent link: https://www.econbiz.de/10011240393
This paper develops a model of career concerns. The worker's skill is revealed through output, wage is based on expected output, and so on assessed ability. Specifically, effort increases the probability that a skilled worker achieves a one-time breakthrough. Effort levels at different times are...
Persistent link: https://www.econbiz.de/10009352220
consequences for future reputation, it may also enter directly into the utility function. Loss of face concerns can lead to fewer …
Persistent link: https://www.econbiz.de/10008676563
Whether behavior converges toward rational play or fair play in repeated ultimatum games depends on which player yields first. If responders concede first by accepting low offers, proposers would not need to learn to offer more, and play would converge toward unequal sharing. By the same token,...
Persistent link: https://www.econbiz.de/10008782796
This paper analyzes the impact of market structure on career concerns. Effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. For any wage, the agent works too little, too late. Under short-term...
Persistent link: https://www.econbiz.de/10010895652
experimental literature we find evidence that tipping is motivated by reciprocity, but also by reputation concerns among frequent …, while users with an established reputation for non-tipping tend to get low effort answers. In addition, we analyse how …
Persistent link: https://www.econbiz.de/10005012075
We study a class of continuous-time reputation games between a large player and a population of small players in which …
Persistent link: https://www.econbiz.de/10005762590
We enrich a simple two-person bargaining model by introducing "behavioral types" who concede more slowly than does the average person in the economy. The presence of behavioral types profoundly influences the choices of optimizing types. In equilibrium, concessions are calculated to induce...
Persistent link: https://www.econbiz.de/10005762599