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Deceptive Advertising with Rational Buyers
Ursino, Giovanni; Piccolo, Salvatore; Tedeschi, Piero - Centro Studi di Economia e Finanza (CSEF) - 2013
We study a Bertrand game where two sellers supplying products of different and unverifiable qualities can outwit potential clients through (costly) deceptive advertising. We characterize a class of pooling equilibria where sellers post the same price regardless of their quality and low quality...
Persistent link: https://www.econbiz.de/10010800999
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On the Economic Relevance of the Principle of Gratuitousness
Beraldo, Sergio - Centro Studi di Economia e Finanza (CSEF) - 2015
, such as those inspired by reciprocity, is analyzed. The basic premise is that gratuitousness is a feature acquired by an … reciprocity. This claim is analyzed with regard to blood donations and, more generally, with regard to the voluntary provision of …
Persistent link: https://www.econbiz.de/10011240735
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Reciprocity in the Principal Multiple Agent Model
Marco, Giuseppe De; Immordino, Giovanni - Centro Studi di Economia e Finanza (CSEF) - 2012
This paper studies how incentives are affected by intention-based reciprocity preferences when the principal hires many …
Persistent link: https://www.econbiz.de/10010942479
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Optimal Contracting with Altruism and Reciprocity
Bassi, Matteo; Pagnozzi, Marco; Piccolo, Salvatore - Centro Studi di Economia e Finanza (CSEF) - 2013
Motivated by the recent experimental evidence on altruistic behavior, we study a simple principal-agent model where each player cares about other players’ utility, and may reciprocate their attitude towards him. We show that, relative to the selfish benchmark, efficiency improves when players...
Persistent link: https://www.econbiz.de/10011082502
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Partnership, Reciprocity and Team Design
Marco, Giuseppe De; Immordino, Giovanni - Centro Studi di Economia e Finanza (CSEF) - 2010
This paper studies the impact of intention-based reciprocity preferences on the free-riding problem arising in … partnerships. Our results suggest a tendency of efficient partnerships to consist of members whose sensitivity to reciprocity is … require a reciprocity based sharing rule such that each partner gets a fraction of the output that is a percentage of his own …
Persistent link: https://www.econbiz.de/10008591374