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A long-standing puzzle is how overconfidence can persist in settings characterized by repeated feedback. This paper studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each time. Using reduced form and structural methods we...
Persistent link: https://www.econbiz.de/10014346986
In many markets, sellers advertise their good with an asking price. This is a price at which the seller is willing to take his good off the market and trade immediately, though it is understood that a buyer can submit an offer below the asking price and that this offer may be accepted if the...
Persistent link: https://www.econbiz.de/10013087422
reputation for skill acquisition and labor market outcomes in an otherwise competitive market. We find that reputation effects … can explain several puzzling findings in the economics of education, including the fact that competition can, but does not …) that arises when schools can enhance their reputation by positively selecting their students. This leads to excess demand …
Persistent link: https://www.econbiz.de/10013099769
-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …
Persistent link: https://www.econbiz.de/10013148345
In two experiments, we examine the effects of employer reputation in an online labor market (Amazon Mechanical Turk) in … reputation, we find that good-reputation employers attract work of the same quality but at twice the rate as bad-reputation … employers. This is the first clean, field evidence on the value of employer reputation. It can serve as collateral against …
Persistent link: https://www.econbiz.de/10013011179
reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public …
Persistent link: https://www.econbiz.de/10012990864
Volunteering plays a prominent role in the charitable provision of goods and services, yet we know relatively little about why people engage in such prosocial acts. The list of possible motivations is long, but recent research has focused on altruism, reputational concerns, and material...
Persistent link: https://www.econbiz.de/10012753831
Labor turnover creates longer term career concerns incentives that motivate employees in addition to the short term monetary incentives provided by the current employer. We analyze how these incentives interact and derive implications for the design of incentive contracts and organizational...
Persistent link: https://www.econbiz.de/10013318646
can disentangle self-selection from reputation effects. Based on 476 taxi rides with four different types of taxis, we can … show strong reputation effects on the prices and service quality of drivers, while there is practically no evidence of a …
Persistent link: https://www.econbiz.de/10014242288
price rigidity. Reputation powerfully amplifies the positive effects of social preferences on contract enforcement by … interactions, suggesting that it may aggravate price rigidities. Surprisingly, reputation in fact weakens the wage and price …
Persistent link: https://www.econbiz.de/10013325011