Similar Search Results

Credence goods markets and the informational value of new media : a natural field experiment

Kerschbamer, Rudolf; Neururer, Daniel; Sutter, Matthias - 2019

Credence goods markets are characterized by pronounced informational asymmetries between consumers and expert sellers. As a consequence, consumers are often exploited and market efficiency is threatened. However, in the digital age, it has become easy and cheap for consumers to self-diagnose...

Persistent link: https://www.econbiz.de/10011985996

Asymmetric information between employers

Kahn, Lisa B. - 2013

Employer learning about workers' abilities plays a key role in determining how workers sort into jobs and are … compensated. This study explores whether learning is symmetric or asymmetric, i.e., whether potential employers have the same … information about worker ability as the incumbent firm. I develop a model of asymmetric learning that nests the symmetric learning …

Persistent link: https://www.econbiz.de/10009695981

Dynamic contracts and learning by doing

Prat, Julien - 2014

This paper studies the design of optimal contracts in dynamic environments where agents learn by doing. We derive a condition under which contracts are fully incentive compatible. A closed-form solution is obtained when agents have CARA utility. It shows that human capital accumulation...

Persistent link: https://www.econbiz.de/10010246654

Network architecture and mutual monitoring in public goods experiments

Carpenter, Jeffrey P.; Kariv, Shachar; Schotter, Andrew - 2010

fundamental, properties in graph theory allow us to interpret the variation in the patterns of behavior that arise in the …

Persistent link: https://www.econbiz.de/10009300129

Subjective evaluations : discretionary bonuses and feedback credibility

Fuchs, William - 2013

We provide a new rationale for the use of discretionary bonuses. In a setting with unknown match qualities between a worker and a firm and subjective evaluations by the principal, bonuses are useful in order to make the feedback from the firm to the workers credible. This way workers in good...

Persistent link: https://www.econbiz.de/10010221557

It hurts to ask

Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George - 2022

We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...

Persistent link: https://www.econbiz.de/10013382050

Simultaneous search and adverse selection

Auster, Sarah; Gottardi, Piero; Wolthoff, Ronald - 2024

We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which agents with private information can simultaneously contact multiple trading partners. We highlight a new trade-off: facilitating contacts reduces coordination frictions but also...

Persistent link: https://www.econbiz.de/10014494073

Competitive search with private information : can price signal quality?

Albrecht, James W.; Cai, Xiaoming; Gautier, Pieter; … - 2024

This paper considers competitive search equilibrium in a market for a good whose quality differs across sellers. Each seller knows the quality of the good that he or she is offering for sale, but buyers cannot observe quality directly. We thus have a "market for lemons" with competitive search...

Persistent link: https://www.econbiz.de/10015050844

Cognitive ability, character skills, and learning to play equilibrium : a level-k analysis

Gill, David; Prowse, Victoria L. - 2014

understand better how subjects with different cognitive abilities learn differently, we estimate a structural model of learning … ability to that of character skills, and find that both cognition and personality affect behavior and learning. More agreeable …

Persistent link: https://www.econbiz.de/10010364492

Heterogeneity, uncertainty and learning : semiparametric identification and estimation

Bunting, Jackson; Diegert, Paul; Maurel, Arnaud - 2025

We provide identification results for a broad class of learning models in which continuous outcomes depend on three … estimator exhibits good finite-sample properties. Finally, we illustrate our approach with an application to ability learning in … the context of occupational choice. Our results point to substantial ability learning based on realized wages. …

Persistent link: https://www.econbiz.de/10015417780