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This paper applies to adverse selection theory the advances made in the field of ambiguity theory. It shows that i) a relevant second-best contract induces no production distortion considering the efficient agent as in the standard case. But the principal has to pay a higher information rent...
Persistent link: https://www.econbiz.de/10010734227
. These equilibria share some features with the ones of multi-sided reputation models. …
Persistent link: https://www.econbiz.de/10010746981
This paper suggests understanding better the debate between reputation and celebrity, by analyzing how various types of … contribute to the reputation and celebrity literatures. …
Persistent link: https://www.econbiz.de/10011025640
I develop a simple dynamic model of reputation-based transactions between a buyer in one country and a supplier in … stricter standard affects the supply of quality goods and indirectly through reputation. I refer to the former effect as the … regulation effect, and to the latter as the reputation effect. I show that, whereas most of the empirical literature has so far …
Persistent link: https://www.econbiz.de/10009643224
This paper explores the dynamics of wage growth in corporate hierarchies. Using panel data techniques, we estimate the causal effect of current and past transitions in reporting level and past earnings growth on components of current earnings and earnings growth using a large panel of US...
Persistent link: https://www.econbiz.de/10008791501
tools to achieve this goal. A rereading of Kreps' model of reputation sheds light on its structural dimension and …
Persistent link: https://www.econbiz.de/10008793027
enjoy high reputation, or who are similar to them. Our simulations test which criterion –or which combination of criteria …
Persistent link: https://www.econbiz.de/10008794255
providing accurate research when both ethical and reputational concerns matter. First, we show that reputation picks up ability … and thus serves as a sorting device: when analysts have a relatively low reputation for providing research quality (below … reputation, full financial (performance based) incentives contracts offer a substantial reward for their contribution to the firm …
Persistent link: https://www.econbiz.de/10008836790
We present results of a household-level survey on behaviors regarding refuses in the home waste-waters network. Interpreting survey results in a panel-data logit results show that most socio-economic and public good-related respondent's characteristics do not play a significant role in...
Persistent link: https://www.econbiz.de/10010899554
The digitization of copyrighted goods and the dematerialization of their distribution over the Internet have weakened …
Persistent link: https://www.econbiz.de/10008792960