Showing 1 - 10 of 1,066
This paper examines one of the most important marketing strategies by software producers on the Internet. That is whether to offer free samples and if so, whether to list the samples on shareware repositories. I show that firms with higher value products have a greater incentive to offer free...
Persistent link: https://www.econbiz.de/10008497678
The Goodwill Model of the Competitive Market Allowing for Trust and Creating Jobs Consumers often cannot judge the quality of goods and services at the time of the purchase decision. The goodwill model explains how the market participants deal with this problem. It makes a distinction between...
Persistent link: https://www.econbiz.de/10008567979
This paper analyzes a cheap talk model with heterogeneous receivers who are accountable for the correctness of their actions, showing that there exists a truth-revealing equilibrium. This sheds new light on the important role played by elections in shaping politicians' and, more surprisingly,...
Persistent link: https://www.econbiz.de/10008574616
information about the expert's ability is private to traders and only revealed through trades. When the expert's reputation is …
Persistent link: https://www.econbiz.de/10011110283
these phenomena by building a model of horizontal competition in newspaper endorsements. Without cross-checking, outlets are …
Persistent link: https://www.econbiz.de/10011109156
This paper uses data collected from eBay's website to identify why buyers fail to leave (negative) feedback in online markets. Empirical results con¯rm that the fear of retaliation may be an important motivation for buyers not to leave (negative) feedback, while the time and effort cost of...
Persistent link: https://www.econbiz.de/10005108460
link it to the success or reputation of the restaurants where they have worked. This allows us to test what are the … determinants of success but also to investigate the dynamics of performance and reputation, stressing the importance of the quality … success as chef. We also find that prices of restaurants with higher reputation are more sensitive to bad signals. …
Persistent link: https://www.econbiz.de/10008583556
We show that the observation by a principal of the effectiveness of an expert‘s action could induce the expert to lie, damaging the principal. A career-minded expert receives a private-informative signal about the real state of the world, and then he takes an action that can match or not the...
Persistent link: https://www.econbiz.de/10011259447
We analyze the effects of CEOs' layoff risk on their risk choice while overseeing a firm. A CEO, whose managerial ability is unknown, is fired if her expected ability is below average. Her risk choice changes the informativeness of output and market's belief about her ability. She can decrease...
Persistent link: https://www.econbiz.de/10009418517
We analyze situations in which an expert is biased toward some decision but cares also about his reputation in the …
Persistent link: https://www.econbiz.de/10009368142