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Advertising and Environmental Stewardship : Evidence from the BP Oil Spill
Barrage, Lint - 2014
to the 2010 BP oil spill and test how BP's investment in the 2000-2008 “Beyond Petroleum” green advertising campaign ….9 cents per gallon and 4.2 percent, respectively, in the month after the spill. However, pre-spill advertising significantly … incentives to engage in green advertising without investments in environmental stewardship …
Persistent link: https://www.econbiz.de/10013060155
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Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts
Farhi, Emmanuel - 2009
The paper elicits a mechanism by which private leverage choices exhibit strategic complementarities through the reaction of monetary policy. When everyone engages in maturity transformation, authorities have little choice but facilitating refinancing. In turn, refusing to adopt a risky balance...
Persistent link: https://www.econbiz.de/10013158032
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Incentive Conflict in Central-Bank Responses to Sectoral Turmoil in Financial Hub Countries
Kane, Edward J. - 2010
National safety nets are imbedded in country-specific regulatory cultures that encompass contradictory goals of nationalistic welfare maximization, merciful treatment of distressed institutions, and bureaucratic blame avoidance. Focusing on this goal conflict, this paper develops two hypotheses....
Persistent link: https://www.econbiz.de/10012759699
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Fighting Crises
Gorton, Gary B. - 2016
In fighting a financial crisis, opacity (keeping the names of banks borrowing at emergency lending facilities secret …
Persistent link: https://www.econbiz.de/10012980183
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Variable Temptations and Black Mark Reputations
Aperjis, Christina - 2010
In a world of imperfect information, reputations often guide the sequential decisions to trust and to reward trust. We consider two-player situations where the players meet but once. One player - the truster - decides whether to trust, and the other player - the temptee - has a temptation to...
Persistent link: https://www.econbiz.de/10013137612
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Investment Busts, Reputation, and the Temptation to Blend in with the Crowd
Grenadier, Steven R. - 2014
We provide a dynamic model of an industry in which agents strategically time liquidation decisions in an effort to protect their reputations. As in traditional models, agents delay liquidation attempting to signal their quality. However, when the industry faces a common shock that...
Persistent link: https://www.econbiz.de/10013066308
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Media Bias and Reputation
Gentzkow, Matthew - 2005
A Bayesian consumer who is uncertain about the quality of an information source will infer that the source is of higher quality when its reports conform to the consumer's prior expectations. We use this fact to build a model of media bias in which firms slant their reports toward the prior...
Persistent link: https://www.econbiz.de/10012784236
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Market Structure, Reputation, and the Value of Quality Certification
Elfenbein, Daniel W. - 2014
Quality certification programs help consumers to identify high-quality products or sellers in markets with information asymmetries. Using data from eBay UK's online marketplace, we study how certification's impact on consumer demand varies with market- and seller-level attributes, exploiting...
Persistent link: https://www.econbiz.de/10013054867
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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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Does Conflict of Interest Lead to Biased Coverage? Evidence from Movie Reviews
DellaVigna, Stefano - 2014
Media outlets are increasingly owned by conglomerates, inducing a conflict of interest: a media outlet can bias its coverage to benefit companies in the same group. We test for bias by examining movie reviews by media outlets owned by News Corp.—such as the Wall Street Journal—and by Time...
Persistent link: https://www.econbiz.de/10013044349