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Buying Reputation as a Signal of Quality : Evidence from an Online Marketplace
Li, Lingfang (Ivy) - 2016
Reputation is critical to foster trust in online marketplaces, yet leaving feedback is a public good that can be under-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...
Persistent link: https://www.econbiz.de/10012983684
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Retail Financial Advice : Does One Size Fit All?
Foerster, Stephen R. - 2014
Using unique data on Canadian households, we assess the impact of financial advisors on their clients' portfolios. We find that advisors induce their clients to take more risk, thereby raising expected returns. On the other hand, we find limited evidence of customization: advisors direct clients...
Persistent link: https://www.econbiz.de/10013043279
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Freedom to Trade and the Competitive Process
Edlin, Aaron S. - 2011
Although antitrust courts sometimes stress the competitive process, they have not deeply explored what that process is. Inspired by the theory of the core, we explore the idea that the competitive process is the process of sellers and buyers forming improving coalitions. Much of antitrust can be...
Persistent link: https://www.econbiz.de/10013129134
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Bailouts and the Preservation of Competition
Roberts, James W. - 2011
Governments rescue private companies partly to prevent other firms from gaining excessive market power. However, if failing firms exit, new entry may limit remaining firms' market power if there are potential entrants who can be as effective competitors as the firms leaving the market. We...
Persistent link: https://www.econbiz.de/10013131956
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Estimating the Cream Skimming Effect of School Choice
Altonji, Joseph G. - 2010
We develop a framework that may be used to determine the degree to which a school choice program may harm public school stayers by luring the best students to other schools. This framework results in a simple formula showing that the "cream-skimming" effect is increasing in the degree of...
Persistent link: https://www.econbiz.de/10013135400
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Exclusionary Minimum Resale Price Maintenance
Asker, John - 2010
incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …
Persistent link: https://www.econbiz.de/10013135407
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Valuing Identity
Fryer, Roland G. - 2010
in a hierarchy. The problem of designing an efficient policy to raise the status in this competition of a disadvantaged …
Persistent link: https://www.econbiz.de/10013135413
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Do Competitive Work Places Deter Female Workers? A Large-Scale Natural Field Experiment on Gender Differences in Job-Entry Decisions
Flory, Jeffrey - 2010
different compensation regimes. By varying the role that individual competition plays in setting the wage, we are able to … explore whether competition, by itself, can cause differential job entry. The data highlight the power of the compensation …
Persistent link: https://www.econbiz.de/10013135766
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Do Product Market Regulations in Upstream Sectors Curb Productivity Growth? Panel Data Evidence for OECD Countries
Bourlès, Renaud - 2010
the effects of upstream competition vary with distance to frontier on a panel of 15 OECD countries and 20 sectors over …
Persistent link: https://www.econbiz.de/10013136026
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Why Isn't Mexico Rich?
Hanson, Gordon H. - 2010
Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment, achieving fiscal discipline, and privatizing state owned enterprises. Despite these efforts, the country's economic growth has been lackluster, trailing that of many other...
Persistent link: https://www.econbiz.de/10013137012