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Dynamic Supplier Contracts under Asymmetric Inventory Information
Zhang, Hao; Nagarajan, Mahesh; Sosic, Greys - 2010
In this paper, we examine a supply chain in which a single supplier sells to a downstream newsvendor-type retailer. We make two assumptions that enrich this simple and well-understood model. First, we consider a multi-period model, in which the sequence of events is as follows. In a period, t,...
Persistent link: https://www.econbiz.de/10014047671
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Face Value : Information and Signaling in an Illegal Market
Logan, Trevon - 2010
the market in a way that makes signaling credible. Using our institutional knowledge, we also identify the specific signal …
Persistent link: https://www.econbiz.de/10012757594
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Buying Reputation as a Signal of Quality : Evidence from an Online Marketplace
Li, Lingfang (Ivy) - 2016
-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
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Digital Rights Management and the Pricing of Digital Products
Park, Yooki - 2008
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
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Are Lemons Sold First? Dynamic Signaling in the Mortgage Market
Adelino, Manuel - 2019
obtain higher prices by delaying trade. This paper provides some of the first evidence of a signaling mechanism through trade …
Persistent link: https://www.econbiz.de/10012900310
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Signaling, Shame, and Silence in Social Learning
Chandrasekhar, Arun G. - 2018
reputation may refrain from asking to avoid signaling low ability. Separately, low-ability individuals may feel inhibited even if … their ability is known and there is nothing to signal, an effect we term shame. Signaling and shame constitute an overall … is correlated with cognitive ability. The second arm allows us to assess the contributions of signaling and shame, and …
Persistent link: https://www.econbiz.de/10012909127
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Signaling and Employer Learning with Instruments
Aryal, Gaurab - 2019
and 30% to education signaling workers' ability.Institutional subscribers to the NBER working paper series, and residents …
Persistent link: https://www.econbiz.de/10012869536
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Screening and Adverse Selection in Frictional Markets
Lester, Benjamin R. - 2016
We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric information with unrestricted contracts. We develop a methodology that allows for a sharp analytical characterization of the unique equilibrium, and then use this characterization to...
Persistent link: https://www.econbiz.de/10013002265
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Federal Reserve Private Information and the Behavior of Interest Rates
Romer, Christina D.; Romer, David H. - 2021
Many authors argue that asymmetric information between the Federal Reserve and the public is important to the conduct and the effects of monetary policy. This paper tests for the existence of such asymmetric information by examining Federal Reserve and commercial inflation forecasts. We...
Persistent link: https://www.econbiz.de/10013218719
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The Limits of Meritocracy : Screening Bureaucrats Under Imperfect Verifiability
Suárez Serrato, Juan Carlos - 2016
Does bureaucratic ability predict promotion in governments? We show that self-reported performance in enforcing the One Child Policy predicts mayoral promotion in China. However, misreporting handicaps screening—a non-manipulated performance measure does not predict promotion. We show that...
Persistent link: https://www.econbiz.de/10012999457