Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10001919095
How do markets spread risk when events are unknown or unknowable and where not anticipated in an insurance contract? While the policyholder can hold up the insurer for extra contractual payments, the continuing gains from trade on a single contract are often too small to yield useful coverage....
Persistent link: https://www.econbiz.de/10010986457
reputation of VC-funds and changes in the overall demand for venture capital services. We find that established funds are more … participants care more about their reputation, have less incentive to behave opportunistically and therefore need less covenant … money. We interpret this as evidence that established funds have actually less reason to care about their reputation as …
Persistent link: https://www.econbiz.de/10010958770
reputation of VC-funds and changes in the overall demand for venture capital services. We find that established funds are more … participants care more about their reputation, have less incentive to behave opportunistically and therefore need less covenant … money. We interpret this as evidence that established funds have actually less reason to care about their reputation as …
Persistent link: https://www.econbiz.de/10005022453
Economic models of reputation make strong assumptions about the information available to players.  In particular, it is … observe in the real world.  We build a model of reputation with more realistic assumptions about the partial knowledge of the …
Persistent link: https://www.econbiz.de/10009291911
-weighted information may be maximized by a different regime, in which all replying is anonymous. Reputation effects play a key role in our …
Persistent link: https://www.econbiz.de/10010604981
collective reputation with the wider membership of her cabinet; we show that heterogeneity of cabinet membership can play an …
Persistent link: https://www.econbiz.de/10005047938
How do markets spread risk when events are unknown or unknowable and where not anticipated in an insurance contract? While the policyholder can "hold up" the insurer for extra contractual payments, the continuing gains from trade on a single contract are often too small to yield useful coverage....
Persistent link: https://www.econbiz.de/10005600441
changed at zero cost.  This paper examines the reputation mechanisms that keep this market working and considers whether they …
Persistent link: https://www.econbiz.de/10011133067