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Bar-Isaac, Heski - London School of Economics (LSE) - 2001

We consider the impact of history on the survival of a monopolist selling single units in discrete time periods, whose quality is learned slowly. If the seller learns her own quality at the same rate as customers, a sufficiently bad run of luck could induce her to stop selling. When she knows...

Persistent link: https://www.econbiz.de/10010746467

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 … corrosive may present an occasion for creative management. We suggest that proactive reputation risk policies and practices are …

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

Emergency purchasing situations: implications for consumer decision-making

Samson, Alain; Voyer, Benjamin G. - London School of Economics (LSE) - 2014

This article introduces the Emergency Purchasing Situation (EPS) as a distinct buying context. EPSs stem from an unexpected event (unanticipated need or timing of a need), as well as high product importance, which are associated with a short time frame for consumer decision-making. Our...

Persistent link: https://www.econbiz.de/10011126285

The auto-component supply chain in China and India: a benchmark study

Sutton, John - London School of Economics (LSE) - 2004

The aim of this study is to examine the extent to which Chinese and Indian autocomponent producers have advanced towards international best practice levels of productivity and quality. The report is based on a survey of nine car manufacturers in China and six in India; a range of general...

Persistent link: https://www.econbiz.de/10010745200

Upgrading and niche usage of PC operating systems

Kretschmer, Tobias - London School of Economics (LSE) - 2004

Microsoft has been dominating the market for PC operating systems (OS) for the last two decades. This paper analyzes the decision of firms to standardize on the mainstream OS family and assesses whether upgrading to the latest version within the MS family is a substitute for using niche OS. We...

Persistent link: https://www.econbiz.de/10010746057

Consumer search: evidence from path-tracking data

Pinna, Fabio; Seiler, Stephan - London School of Economics (LSE) - 2014

We estimate the effect of consumer search on the price of the purchased product in a physical store environment. We implement the analysis using a unique data set obtained from radio frequency identification tags, which are attached to supermarket shopping carts. This technology allows us to...

Persistent link: https://www.econbiz.de/10011126650

Competition and opportunistic advice of financial analysts: theory and evidence

Sette, Enrico - London School of Economics (LSE) - 2007

This work investigates both theoretically and empirically how the behaviour of financial analysts is affected by competition, measured as the strength of coverage of a stock from other analysts. The interaction among analysts and investors is modelled as a dynamic cheap talk game. The...

Persistent link: https://www.econbiz.de/10011071323

The ownership of ratings

Faure-Grimaud, Antoine; Peyrache, Eloic; Quesada, Lucia - London School of Economics (LSE) - 2007

A prevalent feature in rating markets is the possibility for the client to hide the outcome of the rating process, after learning that outcome. This paper identifies the optimal contracting arrangement and the circumstances under which simple ownership contracts over ratings implement this...

Persistent link: https://www.econbiz.de/10011071353

Intrafirm trade and product contractibility

Bernard, Andrew B.; Jensen, J. Bradford; Redding, Stephen; … - London School of Economics (LSE) - 2010

Persistent link: https://www.econbiz.de/10010884575

Courts of law and unforeseen contingencies

Anderlini, Luca; Felli, Leonardo; Postlewaite, Andrew - London School of Economics (LSE) - 2003

We study a contracting model with unforeseen contingencies in which the court is an active player. Ex-ante, the contracting parties cannot include the risky unforeseen contingencies in the contract they draw up. Ex-post the court observes whether an unforeseen contingency occurred, and decides...

Persistent link: https://www.econbiz.de/10010928636