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Information constraints and technology efficiency : field experiments benchmarking firms website performance
Adem, Anwar; Kneller, Richard; Li, Cher - 2023
This study examines the influence of information constraints on firms' efficiency in using digital technologies, focusing on business websites. Through two natural field experiments in the UK, we provide firms with benchmarked performance information on their websites. The experimental designs...
Persistent link: https://www.econbiz.de/10014284795
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Balanced scorecards : a relational contract approach
Kvaløy, Ola; Olsen, Trond E. - 2021
Reward systems based on balanced scorecards typically connect pay to an index, i.e. a weighted sum of multiple performance measures. We show that such an index contract may indeed be optimal if performance measures are non-verifiable so that the contracting parties must rely on self-enforcement....
Persistent link: https://www.econbiz.de/10012438700
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Firms in product space : adoption, growth and competition
Macedoni, Luca; Morrow, John; Tyazhelnikov, Vladimir - 2024
Which products are potentially produced together? When demand for a product increases, which firms will supply it? Using multi-product production patterns within and across firms, we recover a continuous cost-based distance between firms and unproduced products. Higher product distance implies...
Persistent link: https://www.econbiz.de/10015077827
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Who should pay for certification?
Stahl, Konrad; Strausz, Roland - 2011
Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
Persistent link: https://www.econbiz.de/10009011365
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Migration between platforms
Biglaiser, Gary; Crémer, Jacques; Veiga, André - 2020
We study incumbency advantage in markets with positive consumption externalities. Users of an incumbent platform receive stochastic opportunities to migrate to an entrant. They can accept a migration opportunity or wait for a future opportunity. In some circumstances, users have incentives to...
Persistent link: https://www.econbiz.de/10012195821
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The end of tourist traps : a natural experiment on the impact of tripadvisor on quality upgrading
Donati, Dante - 2022
Asymmetric information can distort market outcomes. I study how the online disclosure of information affects consumers' behavior and firms' incentives to upgrade product quality in markets where information is traditionally limited. I first build a model of consumer search with firms' endogenous...
Persistent link: https://www.econbiz.de/10013285520
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An inquiry into the north-south management gap in China
Yong, Soo Keong; Sen, Partha; Cao, Jing - 2024
We identify a puzzling management practice gap in China. In the South, a one standard deviation increase in firms …' management competency is associated with a 7.5 percent improvement in sales productivity and a 29.2 increase in profitability ….1 percent in management practices and in all aspects of administration. We conjecture this is partially related to the …
Persistent link: https://www.econbiz.de/10014477795
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Incentive schemes for local government : theory and evidence from comprehensive performance assessment in England
Lockwood, Ben; Porcelli, Francesco - 2011
This paper studies Comprehensive Performance Assessment, an explicit incentive scheme for local government in England. Motivated by a simple theoretical political agency model, we predict that CPA should increase service quality and local taxation, but have an ambiguous effect on the efficiency...
Persistent link: https://www.econbiz.de/10009130172
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Asymmetric information and overinvestment in quality
Belleflamme, Paul; Peitz, Martin - 2009
In a standard adverse selection world, asymmetric information about product quality leads to quality deterioration in the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers observe the investment (but not the realization of...
Persistent link: https://www.econbiz.de/10003833301
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The choice of environmental policy instruments : energy efficiency and redistribution
Haupt, Alexander; Stadejek, Magdalena - 2010
We analyse optimal environmental policies in a market that is vertically differentiated in terms of the energy efficiency of products. Considering energy taxes, subsidies to firms for investment in more eco-friendly products, and product standards, we are particularly interested in how...
Persistent link: https://www.econbiz.de/10003944707