Showing 1 - 10 of 315
This paper uses laboratory experiments to directly test a central prediction of disclosure theory: that strategic forces can lead those who possess private information to voluntarily provide it. In a simple two-person disclosure game, we find that senders disclose favorable information, but...
Persistent link: https://www.econbiz.de/10013024157
-provided unless buyers are rewarded for it. Signaling theory implies that only high quality sellers would reward buyers for truthful … feedback. We explore this scope for signaling using Taobao's "reward-for-feedback" mechanism and find that items with rewards …
Persistent link: https://www.econbiz.de/10012983684
Biotechnology companies rely heavily on alliances with pharmaceutical companies to finance their research and development expenditures, and pharmaceutical firms rely heavily on alliances to supplement their internal research and development. Previous studies suggest that asymmetric information...
Persistent link: https://www.econbiz.de/10013247629
When is it possible for one person to persuade another to change her action? We take a mechanism design approach to this question. Taking preferences and initial beliefs as given, we introduce the notion of a persuasion mechanism: a game between Sender and Receiver defined by an information...
Persistent link: https://www.econbiz.de/10013153918
types to voters. We identify two novel implications of models in which signalling incentives are important. First, because …. Second, voters can exploit the signalling behavior of politicians by precommitting to a higher threshold for signals received …. Raising the threshold discourages signalling effort by low quality politicians but encourages effort by high quality …
Persistent link: https://www.econbiz.de/10013110929
but the signaling effect of price is far from complete, especially for non-innovator brands. The look of the pharmacy, as …
Persistent link: https://www.econbiz.de/10013128895
This paper re-explores the relation between a country's level of wealth and the mix of products it exports. We argue that both are simultaneously determined by countries' capabilities i.e. by countries' productivity and quality levels for each good. Our theoretical setup has two features. (1)...
Persistent link: https://www.econbiz.de/10013129123
A key concern about counterfeits and weak intellectual property protection is that they may hamper innovation by displacing legitimate sales. This paper combines a natural policy experiment with randomized lab experiments to estimate the heterogeneous impacts of counterfeiting on the sales and...
Persistent link: https://www.econbiz.de/10013130255
After the initial breakthrough in the research phase of R&D a new product undergoes a process of change, improvement and adaptation to market conditions. We model the strategic behavior of firms in this development phase of R&D. We emphasize that a key dimension to this competition is the...
Persistent link: https://www.econbiz.de/10013140095
This paper provides an empirical investigation of the hypothesis that companies engage in corporate social responsibility (CSR) in order to offset corporate social irresponsibility (CSI). We find general support for the causal relationship: when companies do more "harm," they also do more...
Persistent link: https://www.econbiz.de/10013122028