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Disguising lies : image concerns and partial lying in cheating games

Khalmetski, Kiryl; Sliwka, Dirk - 2017

We study equilibrium reporting behavior in Fischbacher and Föllmi-Heusi (2013) type cheating games when agents have a fixed cost of lying and image concerns not to be perceived as a liar. We show that equilibria naturally arise in which agents with low costs of lying randomize among a set of...

Persistent link: https://www.econbiz.de/10011603130

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/10012138911

Selling reputation when going out of business : presented at CEFifo Area Conference on Industrial Organisation, March 2004

Hakenes, Hendrik; Peitz, Martin - CESifo Area Conference on Industrial Organisation … - 2004

Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable … good type. Hence reputation is tradeable, although ownership change is observable. In our model, reputation is an …

Persistent link: https://www.econbiz.de/10011449475

The equity trap, the cost of capital and the firm's growth path

Lindhe, Tobias (contributor); Södersten, Jan (contributor) - 2006

Persistent link: https://www.econbiz.de/10003377163

Taxation and the optimal constraint on corporate debt finance

Sørensen, Peter Birch - 2014

The tax bias in favour of debt finance under the corporate income tax means that corporate debt ratios exceed the socially optimal level. This creates a rationale for thin-capitalization rules limiting the amount of debt that qualifies for interest deductibility. This paper sets up a model of...

Persistent link: https://www.econbiz.de/10010438191

Start-up investment with scarce venture capital support

Kanniainen, Vesa; Keuschnigg, Christian - 2001

Start-up entrepreneurs are often commercially inexperienced. In giving managerial advice, venture capitalists can importantly enhance the success of innovative but highly risky ventures. The supply of experienced venture capitalists is not easily increased, however. When the rate of business...

Persistent link: https://www.econbiz.de/10011398098

Payment choice in international trade : theory and evidence from cross-country firm level data

Hoefele, Andreas; Schmidt-Eisenlohr, Tim; Yu, Zhihong - 2013 - This version: July 2013, First version: April 2012

When trading, firms choose between different payment contracts. As shown theoretically in Schmidt-Eisenlohr (forthcoming), this allows firms in international trade to optimally trade-off differences in financing costs and enforcement across countries. This paper provides evidence from a large...

Persistent link: https://www.econbiz.de/10009773440

Finance, control, and profitability : the influence of German banks

Chirinko, Robert S.; Elston, Julie Ann Michelle - 2003

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...

Persistent link: https://www.econbiz.de/10011511071

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

The signaling effects of fiscal announcements

Melosi, Leonardo; Morita, Hiroshi; Rogantini Picco, Anna; … - 2024

Announcing a large fiscal stimulus may signal the government’s pessimism about the severity of a recession to the private sector, impairing the stabilizing effects of the policy. Using a theoretical model, we show that these signaling effects occur when the stimulus exceeds expectations and...

Persistent link: https://www.econbiz.de/10015052575

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