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payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such … inconclusive environments, in equilibrium, a member's internal (peer) reputation is based on deliberation patterns, while member …'s external (market) reputation is based on the observed group decision. Either form of reputation concerns create strategic …
Persistent link: https://www.econbiz.de/10011895815
assessments. We investigate this theory in the lab, using treatments with and without reputation concerns and with and without … their assessments less dependent on actual decisions and statements. With or without reputation concerns, for the majority …
Persistent link: https://www.econbiz.de/10011895939
Recent empirical evidence suggests that financial networks exhibit a core periphery network structure. This paper aims at giving an economic explanation for the emergence of such a structure using network formation theory. Focusing on intermediation benefits, we find that a core periphery...
Persistent link: https://www.econbiz.de/10010384387
A committee makes a decision on a project on behalf of the public. Members of the committee agree on the a priori value of the project, and hold additional private information about its consequences. They are experts who care about the value of the project and about being considered well...
Persistent link: https://www.econbiz.de/10011343285
Can vanity do any good? It may seem obvious to answer this question in the negative, as economists have shown how reputational concerns lead agents e.g. to ignore valuable information, to herd, and to become overly risk averse. We explore how proud agents may be a social blessing. An agent may...
Persistent link: https://www.econbiz.de/10011327825
Persistent link: https://www.econbiz.de/10002695421
Information affecting a candidate's reputation might have significant electoral consequences. Do candidates respond to … incumbent and challenger increase their campaign spending when detrimental information affects the incumbent's reputation … beneficiaries when detrimental (beneficial) reputation shocks occur. …
Persistent link: https://www.econbiz.de/10012545128
Persistent link: https://www.econbiz.de/10009720706
One of the reasons why regulators are hesitant about permitting price competition in healthcare markets is that it may damage quality when information is poor. Evidence on whether this fear is well-founded is scarce. We provide evidence using a reform that permitted Dutch health insurers and...
Persistent link: https://www.econbiz.de/10011823733
Persistent link: https://www.econbiz.de/10001792602