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Signaling and Employer Learning with Instruments
Aryal, Gaurab - 2020
The social and the private returns to education differ when education can increase productivity, and also be used to signal productivity. We show how instrumental variables can be used to separately identify and estimate the social and private returns to education within the employer learning...
Persistent link: https://www.econbiz.de/10012841583
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Learning and Information Transmission within Multinational Corporations
Chen, Cheng - 2020
We propose that multinational firms learn about their profitability in a particular market by observing their performance in nearby markets. We first develop a model of firm expectations formation with noisy signals from multiple markets and derive predictions on expectations formation and...
Persistent link: https://www.econbiz.de/10012825991
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Public Discourse and Socially Responsible Market Behavior
Bartling, Björn; Valero, Vanessa; Weber, Roberto A.; … - 2020
We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss...
Persistent link: https://www.econbiz.de/10012314818
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Public Discourse and Socially Responsible Market Behavior
Bartling, Björn - 2020
We investigate the causal impact of public discourse on socially responsible market behavior. We conduct laboratory market experiments with products that differ in their production costs and social impact, and provide market actors and impacted third parties with the opportunity to discuss...
Persistent link: https://www.econbiz.de/10012823041
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Public and private learning from prices, strategic substitutability and complementarity, and equilibrium multiplicity
Manzano, Carolina; Vives, Xavier - 2010
We study a general static noisy rational expectations model, where investors have private information about asset payoffs, with common and private components, and about their own exposure to an aggregate risk factor, and derive conditions for existence and uniqueness (or multiplicity) of...
Persistent link: https://www.econbiz.de/10010270646
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Volunteering and the strategic value of ignorance
Morath, Florian - 2011
Private provision of public goods often takes place as a war of attrition: individuals wait until someone else volunteers and provides the good. After a certain time period, however, one individual may be randomly selected. If the individuals are uncertain about their cost of provision, but can...
Persistent link: https://www.econbiz.de/10010274941
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How Does Competition Affect Reputation Concerns? Theory and Evidence from Airbnb
Rossi, Michelangelo - 2019
I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …
Persistent link: https://www.econbiz.de/10012179771
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When and Why Do Buyers Rate in Online Markets?
Hui, Xiang; Klein, Tobias J.; Stahl, Konrad O. - 2022
Online ratings play an important role in many markets. We study the often disputed information content of these ratings, by proposing a reduced-form Bayesian model of the typical buyer's rating decision. Our empirical evidence based on eBay raw data is in line with even intricate predictions...
Persistent link: https://www.econbiz.de/10013177596
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How Does Competition Affect Reputation Concerns? Theory and Evidence from Airbnb
Rossi, Michelangelo - 2019
I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …
Persistent link: https://www.econbiz.de/10012857911
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Learning from Online Ratings
Hui, Xiang; Klein, Tobias J.; Stahl, Konrad O. - 2024
Online ratings play an important role in many markets. However, how fast they can reveal seller types remains unclear. To study this question, we propose a new model in which a buyer learns about the seller’s type from previous ratings and her own experience and rates the seller if she learns...
Persistent link: https://www.econbiz.de/10015047221