Showing 1 - 10 of 15
Do openness to trade and higher levels of human capital promote faster productivity growth? That they do is a key … 1970-2000 period. Controlling for fixed effects as well as endogeneity, the results show a significant effect of openness … on productivity growth. If the level of openness of an economy is doubled the underlying rate of technical progress will …
Persistent link: https://www.econbiz.de/10005556098
sensitivity to lagged region-specific income. Also, excess sensitivity is inversely related to standard measures of openness and …
Persistent link: https://www.econbiz.de/10005126188
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
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
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
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
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
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
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
We show that, in repeated common interest games without discounting, strong `perturbation implies efficiency' results require that the perturbations must include strategies which are `draconian' in the sense that they are prepared to punish to the maximum extent possible. Moreover, there is a...
Persistent link: https://www.econbiz.de/10005407513