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Communicating Quality: A Unified Model of Disclosure and Signaling
Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2007
through a credible direct claim; 2) signaling of quality via producer actions that influence buyersÕ beliefs about quality. In … general, these two literatures have ignored one-another. In this paper we argue that disclosure and signaling are two sides of … integration of these two alternatives leads to a number of new implications about disclosure, signaling, firm preferences over …
Persistent link: https://www.econbiz.de/10005752756
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Substituting Leisure for Health Expenditure: A General Equilibrium-Based Empirical Investigation
Huang, Kevin x.d.; He, Hui; Hung, Sheng-ti - Vanderbilt University Department of Economics - 2013
We develop a general equilibrium macroeconomic model with endogenous health accumulation, and we use the model's equilibrium condition to estimate the elasticity of substitution between medical care and leisure time in maintaining health, based on a cross-country panel dataset. Our econometric...
Persistent link: https://www.econbiz.de/10010875553
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The Effect of Third-Party Funding of Plaintiffs on Settlement
Daughety, Andrew; Reinganum, Jennifer - Vanderbilt University Department of Economics - 2014
A significant policy concern about the emerging plaintiff legal funding industry is that loans will undermine settlement. When the plaintiff has private information about damages, we find that the optimal (plaintiff-funder) loan induces all plaintiff types to make the same demand, resulting in...
Persistent link: https://www.econbiz.de/10011261645
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Search, Bargaining, And Agency in the Market for Legal Services
Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2011
equilibrium the first lawyer visited demands a higher contingent fee for lower-valued cases, signaling the case�s value to the … expected social efficiency, as the adverse selection effect exacerbates, rather than ameliorates, the moral hazard problem. …
Persistent link: https://www.econbiz.de/10009320347
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Clients, Lawyers, Second Opinions, and Agency
Daughtey, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2010
equilibrium the first lawyer visited demands a higher contingent fee for lower-valued cases, signaling the case�s value to the …
Persistent link: https://www.econbiz.de/10008692911
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The effect of third-party funding of plaintiffs on settlement
Daughety, Andrew; Reinganum, Jennifer - Vanderbilt University Department of Economics - 2013
In this paper we use a signaling model to analyze the effect of (endogenously-determined) third-party non …
Persistent link: https://www.econbiz.de/10010610155
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The effect of third-party funding of plaintiffs on settlement
Daughety, Andrew; Reinganum, Jennifer - Vanderbilt University Department of Economics - 2013
In this paper we use a signaling model to analyze the effect of (endogenously-determined) third-party non …
Persistent link: https://www.econbiz.de/10010693397
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Imperfect Competition and Quality Signaling
Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2005
We examine the interplay of imperfect competition and incomplete information in the context of price competition among firms producing horizontally- and vertically-differentiated substitute products. We find that incomplete information about vertical quality (e.g., consumer satisfaction) that is...
Persistent link: https://www.econbiz.de/10005459269
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Hidden Talents: Partnerships with Pareto-Improving Private Information
Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2006
paper we show that the combination of multi-agent simultaneous signaling of private information, and the nature of the … commitment to provide greater effort. We find that this non-cooperative, simultaneous signaling need not be wasteful, and can …
Persistent link: https://www.econbiz.de/10005752717
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Privacy, Publicity, and Choice
Daughety, Andrew F.; Reinganum, Jennifer F. - Vanderbilt University Department of Economics - 2008
We develop and explore a new model of the economics of privacy. Previous work has focused on "privacy of type," wherein an agent privately knows an immutable characteristic. We consider "privacy of action," wherein privacy means that an agent's choice of action is unobservable to others. To show...
Persistent link: https://www.econbiz.de/10005595886