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SCHWIENBACHER, Armin - EconWPA - 2001

This paper addresses the choice between different exit routes of venture capitalists for a project yielding a quality-improving product innovation. We explicitly introduce product market characteristics into the analysis with the aim to identify their effects on the optimal exit strategy and on...

Persistent link: https://www.econbiz.de/10005413189

Shared Legacies, Disparate Outcomes: Why American South Border Cities Turned the Tables on Crime and Their Mexican Sisters Did Not

Albuquerque, Pedro H. - EconWPA - 2005

The article evaluates crime trends in south border American and Mexican sister cities using panel data analysis. The region offers a unique assessment opportunity since cities are characterized by shared cultural and historical legacies, institutional heterogeneity, and disparate crime outcomes....

Persistent link: https://www.econbiz.de/10005412508

Courts, firms and allocation of credit

Shvets, Julia - EconWPA - 2005

The paper investigates whether and how performance of regional commercial courts has affected external credit of Russian enterprises between 1995 and 2002. The results show that more reliable courts lead to higher bank lending to firms. This occurs predominantly through expansion of the number...

Persistent link: https://www.econbiz.de/10005118841

Professional Advice

Ottaviani, Marco; Sorensen, Peter - EconWPA - 1999

Professional experts offer advice with the objective of appearing well informed. Their ability is evaluated on the basis of the advice given and the realized state of the world. We model this situation as a reputational cheap-talk game with continuous signal, state, and ability type spaces....

Persistent link: https://www.econbiz.de/10005550867

Evolutionary Stability in a Reputational Model of Bargaining

Abreu, Dilip; Sethi, Rajiv - EconWPA - 2001

A large and growing literature on reputation in games builds on the insight that the possibility of one or more players …

Persistent link: https://www.econbiz.de/10005550888

Some Asymptotic Results in Discounted Repeated Games of One-Sided Incomplete Information

Thomas, Jonathan P.; Cripps, Martin - EconWPA - 2000

The paper analyzes the Nash equilibria of two-person discounted repeated games with one-sided incomplete information and known own payoffs. If the informed player is arbitrarily patient relative to the uninformed player, then the characterization for the informed player's payoffs is essentially...

Persistent link: https://www.econbiz.de/10005550893

The Evolution of Trust and Reputation: Results from Simulation Experiments

Diekmann, Andreas; Przepiorka, Wojtek - EconWPA - 2005

trust and cooperation through reputation and without an external enforcer is an open question. We therefore explore through …-shot trust game with a reputation mechanism. In every interaction, a buyer has complete information about a seller's past … the one hand, some minimal fraction of buyers must make use of the sellers’ reputation in their buying strategies and, on …

Persistent link: https://www.econbiz.de/10005556684

Can High Prices Ensure Product Quality When Buyers do not Know the Sellers' Cost?

Rasmusen, Eric; Perri, Timothy - EconWPA - 1999

The Klein-Leffler (1981) model of product quality does not explain why high-quality firms would dissipate the rents they earn from quality- assuring price premia, and it relies on consumers knowing the cost functions of firms. In the present paper, consumers do not know any firm's cost of...

Persistent link: https://www.econbiz.de/10005561438

Optimal Monitoring with External Incentives: The Case of Tipping

Azar, Ofer H. - EconWPA - 2003

are not provided by the firm), such as tips, satisfaction from working well, or the desire to build reputation in order to …

Persistent link: https://www.econbiz.de/10005125035

A Prototype for an Agent-based Secure Electronic Marketplace including Reputation Tracking Mechanisms

Boris, Padovan; Stefan, Sackmann; Thorsten, Eymann; … - EconWPA - 2002

reputation of other, unknown agents. The multi-agent system AVALANCHE is a prototype for an agent-based secure electronic … commerce marketplace environment. The reputation tracking mechanism, which is implemented in AVALANCHE’s software agents …

Persistent link: https://www.econbiz.de/10005134563