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Markets with asymmetric information will often employ third-party certification labels to distinguish between higher and lower quality transactions, yet little is known about the effects of certification policies on the evolution of markets. How does the stringency in quality certification...
Persistent link: https://www.econbiz.de/10012480571
A long literature has examined the effects of the price of giving - that is, the amount an in-dividual must give for one dollar to accrue to the charitable activity itself - on donative behavior. We use data from DonorsChoose.org, an online platform linking teachers with prospective donors, that...
Persistent link: https://www.econbiz.de/10012459579
the resulting welfare losses are scarce. This paper leverages a randomized experiment conducted by a large fintech lender …
Persistent link: https://www.econbiz.de/10012629490
We study the use of and response to cheap talk by firms and their consumers, focusing on unverifiable promises of charitable donations on eBay. For transactions during March 2005 - May 2006, cheap talk listings have lower sales probabilities but sell at higher prices when they are successful....
Persistent link: https://www.econbiz.de/10012453277
In this paper, the choice between public and private provision of goods and services is considered. In practice, both modes of operation involve significant delegation of authority, and thus appear quite similar in some respects. The argument here is that the main difference between the two mod-...
Persistent link: https://www.econbiz.de/10012476874
examine whether information on the offered incentives improves reports about a known objective prior. We find that transparent … information on incentives gives rise to error rates in excess of 40 percent, and that only 15 percent of participants consistently … report the truth. False reports are conservative and appear to result from a biased perception of the BSR incentives. While …
Persistent link: https://www.econbiz.de/10012481521
Microgiving, a new form of digital fundraising, operates by soliciting minuscule, recurring donations from large … fundraisers and accounts for 12% of the country's overall online charitable sector. We conclude that digital platforms can create …
Persistent link: https://www.econbiz.de/10013334321
of a program providing monetary incentives to motivate innovators to contribute to open source. The Sponsors program was …
Persistent link: https://www.econbiz.de/10014372425
Platform marketplaces can potentially steer buyers to certain sellers by recommending or guaranteeing those sellers. Money-back guarantees--which create a direct financial stake for the platform in seller performance--might be particularly effective at steering, as they align buyer and platform...
Persistent link: https://www.econbiz.de/10012479867
A parsimonious model of shifting policy regimes can simultaneously capture expected and actual US inflation during 1969-2005. Our model features a forward-looking New Keynesian Phillips curve and purposeful policymakers that can or cannot commit. Private sector learning about policymaker type...
Persistent link: https://www.econbiz.de/10013477255