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(Pro-) Social Learning and Strategic Disclosure
Bénabou, Roland; Vellodi, Nikhil - National Bureau of Economic Research - 2024
We study a sequential experimentation model with endogenous feedback. Agents choose between a safe and risky action, the latter generating stochastic rewards. When making this choice, each agent is selfishly motivated (myopic). However, agents can disclose their experiences to a public record,...
Persistent link: https://www.econbiz.de/10014544761
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Quality Signaling and Demand for Renewable Energy Technology : Evidence from a Randomized Field Experiment
Coville, Aidan; Zivin, Joshua S. Graff; Reichert, Arndt R. - National Bureau of Economic Research - 2024
, we assess the potential of three types of quality signaling to increase demand for high-quality solar lamps. We find no … remains unachieved because of persistently low demand for high-quality products. In a randomized field experiment in Senegal … that the effective quality signals in our setting stimulate demand for low-quality products by creating product …
Persistent link: https://www.econbiz.de/10014544676
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Deferred Acceptance with News Utility
Dreyfuss, Bnaya; Glicksohn, Ofer; Heffetz, Ori; Romm, Assaf - National Bureau of Economic Research - 2022
Can incorporating expectations-based-reference-dependence (EBRD) considerations reduce seemingly dominated choices in the Deferred Acceptance (DA) mechanism? We run two experiments (total N = 500) where participants are randomly assigned into one of four DA variants--{static, dynamic} * {student...
Persistent link: https://www.econbiz.de/10013462684
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Content Moderation with Opaque Policies
Kominers, Scott Duke; Shapiro, Jesse M. - National Bureau of Economic Research - 2024
A sender sends a signal about a state to a receiver who takes an action that determines a payoff. A moderator can block some or all of the sender's signal before it reaches the receiver. When the moderator's policy is transparent to the receiver, the moderator can improve the payoff by blocking...
Persistent link: https://www.econbiz.de/10014486247
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Bayesian Persuasion with Lie Detection
Ederer, Florian; Min, Weicheng - National Bureau of Economic Research - 2022
How does lie detection constrain the potential for one person to persuade another to change her action? We consider a model of Bayesian persuasion in which the Receiver can detect lies with positive probability. We show that the Sender lies more when the lie detection probability increases. As...
Persistent link: https://www.econbiz.de/10013210093
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It Hurts To Ask
Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George F. - National Bureau of Economic Research - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013388842
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Public Information as a Source of Disagreement Among Shareholders
Bouton, Laurent; Llorente-Saguer, Aniol; Macé, Antonin; … - National Bureau of Economic Research - 2022
We study how beliefs about firm value respond to public information stemming from either public announcements or shareholder meetings. We focus on settings with homogeneous shareholders (i.e., agents with common preferences and opinions), where information is about which course of action is best...
Persistent link: https://www.econbiz.de/10013477249
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Search Frictions and Product Design in the Municipal Bond Market
Brancaccio, Giulia; Kang, Karam - National Bureau of Economic Research - 2022
This paper shows that product design shapes search frictions and that intermediaries leverage this channel to increase their rents in the context of the U.S. municipal bond market. The majority of bonds are designed via negotiations between a local government and its underwriter. They are then...
Persistent link: https://www.econbiz.de/10013477267
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Intangible Marketing Capital
Bronnenberg, Bart J.; Dubé, Jean-Pierre H.; Syverson, Chad - National Bureau of Economic Research - 2022
We present several empirical facts about trends in marketing investment in the US. We also present estimates of the private value of brands to firms and aggregate intangible brand capital stocks created by these investments. These investments include the creation and maintenance of a brand name...
Persistent link: https://www.econbiz.de/10013334364
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"Zero Cost'' Majority Attacks on Permissionless Blockchains
Gans, Joshua; Hałaburda, Hanna - National Bureau of Economic Research - 2023
Permissionless blockchains were constructed with a view to being sustainably secure. At the heart of blockchain consensus mechanisms was an explicit cost (whether it be work or stake) for participation in the network and the opportunity to propose blocks that would be added to the blockchain. A...
Persistent link: https://www.econbiz.de/10014322860