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Why do policy makers stick to inefficient decisions?
Dur, Robert A. J. - 1999 - This draft: June 1999
This paper offers an explanation for why policy makers stick to inefficient policy decisions. I argue that repealing a policy is a bad signal to voters about the policy maker's competence if voters do not have complete knowledge about the effects of implemented policies. I derive the optimal...
Persistent link: https://www.econbiz.de/10011301144
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When Galatea cares about her reputation : how having faith in your workers reduces their motivation to shine
Kamphorst, Jurjen J. A.; Swank, Otto H. - 2010
motivate employeeswho are driven by concerns about their reputation for being able. When employeesare driven by monetary …
Persistent link: https://www.econbiz.de/10011382589
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Reputation and discretion in financial contracting
Boot, Arnoud W.; Greenbaum, Stuart I.; Thakor, Anjan V. - 1993 - Rev
Persistent link: https://www.econbiz.de/10000122444
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The benefits of being economics professor A (and not Z)
Praag, Mirjam van; Praag, Bernard M. S. van - 2007
experienced afaster growth rate over the course of her career as a result of reputation and visibility.Moreover, authors know that …
Persistent link: https://www.econbiz.de/10011372501
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Payment choice, image motivation and contributions to charity
Soetevent, Adriaan R. - 2010 - Final version: 04 August, 2010
This paper examines the impact of payment choice on charitablegiving with a door-to-door fund-raising field experiment. Respondentscan donate cash only, use debit only, or have both options. Cash donations have lower visibility vis-a-vis solicitors than debit card donations. When debit replaces...
Persistent link: https://www.econbiz.de/10011377596
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Why are residents reluctant to consult attending physicians?
Swank, Otto H. - 2009
A physician performs two tasks: making diagnoses and determining treatments. To reduce medical error, residents are supposed to consult their supervisors when they face uncommon circumstances. However, recent research shows that residents are reluctant to do so. This paper presents a model that...
Persistent link: https://www.econbiz.de/10011378360
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The consequences of endogenizing information for herd behavior
Swank, Otto H.; Visser, Bauke - 2003
In models of sequential decision making herd behaviour occurs if the signals smart(dumb) agents receive are (un)correlated and if agents have reputational concerns. We show thatintroducing costly effort to become informed about project payoffs (i) eliminates herdbehaviour and (ii) shifts...
Persistent link: https://www.econbiz.de/10011333265
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Policy makers, advisors, and reputation
Wrasai, Phongthorn; Swank, Otto H. - 2004
When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...
Persistent link: https://www.econbiz.de/10011334827
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Signals in science : on the importance of signaling in gaining attention in science
Dalen, Hendrik P. van; Henkens, Kène - 2004
citations. Three types of signals are examined: the author’s reputation (as producer of the idea), the journal (as the broker of … empirical analysis points out that, first, the reputation of journals plays an overriding role in gaining attention in science … third, the reputation of a journal may help to get late recognition (so-called ‘sleeping beauties’) as well as generate so …
Persistent link: https://www.econbiz.de/10011337989
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Committees as active audiences : reputation concerns and information
Swank, Otto H.; Visser, Bauke - 2018
payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such … inconclusive environments, in equilibrium, a member's internal (peer) reputation is based on deliberation patterns, while member …'s external (market) reputation is based on the observed group decision. Either form of reputation concerns create strategic …
Persistent link: https://www.econbiz.de/10011895815