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Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 1998

We identify the inefficiencies that arise when negotiation between two parties takes place in the presence of transaction costs. First, for some values of these costs it is efficient to reach an agreement but the unique equilibrium outcome is one in which agreement is never reached. Secondly,...

Persistent link: https://www.econbiz.de/10010928645

Transaction costs and the robustness of the Coase Theorem

Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 2000

This paper explores the extent to which the presence of ex-ante transaction costs may lead to failures of the Coase Theorem. In particular we identify and investigate the basic ‘hold-up problem’ which arises whenever the parties to a Coasian negotiation have to pay some ex-ante costs for the...

Persistent link: https://www.econbiz.de/10010745037

Costly coasian contracts

Anderlini, Luca; Felli, Leonardo - London School of Economics (LSE) - 1998

We identify and investigate the basic ‘hold-up problem’ which arises whenever each party to a contract has to pay some ex-ante cost for the contract to become feasible. We then proceed to show that, under plausible circumstances, a ‘contractual solution’ to this hold-up problem is not...

Persistent link: https://www.econbiz.de/10010745370

Like ripples on a pond: behavioral spillovers and their implications for research and policy

Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2015

No behavior sits in a vacuum, and one behavior can greatly affect what happens next. We propose a conceptual frame within which a broad range of behavioral spillovers can be accounted for when applying behavioral science to policy challenges. We consider behaviors which take place sequentially...

Persistent link: https://www.econbiz.de/10011150276

Digit ratio (2D:4D) and altruism: evidence from a large, multi-ethnic sample

Galizzi, Matteo M.; Nieboer, Jeroen - London School of Economics (LSE) - 2015

We look at the links between the Digit Ratio - the ratio of the length of the index finger to the length of the ring finger – for both right and left hands, and giving in a Dictator Game. Unlike previous studies with exclusively Caucasian subjects, we recruited a large, ethnically diverse...

Persistent link: https://www.econbiz.de/10011171763

Because I'm worth it: a lab-field experiment on the spillover effects of incentives in health

Dolan, Paul; Galizzi, Matteo M. - London School of Economics (LSE) - 2014

We conduct a controlled lab-field experiment to directly test the short-run spillover effects of one-off financial …

Persistent link: https://www.econbiz.de/10011126577

The broadening spectrum of reputation risk in organizations: banking on risk and trust relationships

Scott, Susan V.; Walsham, Geoff - London School of Economics (LSE) - 2004

Globalizing knowledge economies foster conditions that intensify the role and value of organizational reputation risk … reputation risk. Having noted the ambivalence that surrounds ‘risk positions’, we present a re-definition of reputation risk that … encompasses the dynamics of contemporary risk and trust relationships. We explore the capacity of different trust forms to reduce …

Persistent link: https://www.econbiz.de/10010744830

The development of electronic trading in the futures industry: strategic risk positioning in a globalising age

Scott, Susan V.; Barrett, Michael I. - London School of Economics (LSE) - 2002

financial futures exchanges (1998-200). The term ‘strategic risk positioning’ is used as a central organizing concept to draw … together an analysis of the subjective time-risk relationships influencing strategy formation during this period. We being by … sense of an uncertain future shapes the strategic imagination and triggers processes of risk positioning. In conclusion, the …

Persistent link: https://www.econbiz.de/10010746470

Banking on trust: managing reputation risk in financial service organizations

Scott, Susan V.; Walsham, Geoff - London School of Economics (LSE) - 2002

In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on …. We explore the notion of ‘active trust’ as a way of redesigning approaches to the management of risk. Our analysis …

Persistent link: https://www.econbiz.de/10010746546