Showing 1 - 10 of 17
decision makers who are motivated by reputation concerns tend to ‘anti-herding’, i.e., they excessively contradict public …
Persistent link: https://www.econbiz.de/10010928812
We show that allocation of ownership matters even in a long-term relationship where problems of opportunism are less severe unless agents are very patient. Ownership structure is chosen to give the agents best incentives to cooperate. The optimal control structure of the static game restricts...
Persistent link: https://www.econbiz.de/10010928815
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
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
-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
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
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
Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk …. In a holistic, enterprise focused era reputation is a key strategic construct that can act as a boundary object linking … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that …
Persistent link: https://www.econbiz.de/10010744830
order to preserve its reputation of being a good monitor, may actually distort its lending decisions towards greater laxity … between a country and the IMF. The longer this relationship, the stronger the IMF reputation will be affected in case it …
Persistent link: https://www.econbiz.de/10010745315