Similar Search Results

Deng, Shanglyu; Fang, Hanming; Fu, Qiang; Wu, Zenan - 2022

the baseline setting remain intact. Our results shed light on the extensive discussion of confidence management in firms …

Persistent link: https://www.econbiz.de/10013292916

Supply and Demand for Discrimination : Strategic Revelation of Own Characteristics in a Trust Game

Heyes, Anthony G. - 2016

, can affect outcomes. We explore the economics of revealing type in a simple laboratory experiment to learn about the …

Persistent link: https://www.econbiz.de/10012999468

Trust, Values and False Consensus

Butler, Jeffrey V.; Giuliano, Paola; Guiso, Luigi - 2021

one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that … the values parents transmit to their children during their upbringing. In a second closely-related experiment, we show the …

Persistent link: https://www.econbiz.de/10013311922

A Game Theoretic Foundation of Competitive Equilibria with Adverse Selection

Netzer, Nick - 2012

We construct a fully specified extensive form game that captures competitive markets with adverse selection. In particular, it allows firms to offer any finite set of contracts, so that cross-subsidization is not ruled out. Moreover, firms can withdraw from the market after initial contract...

Persistent link: https://www.econbiz.de/10013099130

Experts and Their Records

Frankel, Alexander P. - 2009

Consider an environment where long-lived experts repeatedly interact with short-lived customers. In periods when an expert is hired, she chooses between providing a profitable major treatment or a less profitable minor treatment. The expert has private information about which treatment best...

Persistent link: https://www.econbiz.de/10013160339

Satisfaction Guaranteed : When Moral Hazard Meets Moral Preferences

Andreoni, James - 2017

Theorists and policy analysts have convincingly argued that greater trust makes a more efficient society by eliminating costly contracts or expensive reputations. Concurrently, experiments suggest that reciprocity is a potent substitute for law when compliance with contracts is imperfectly...

Persistent link: https://www.econbiz.de/10012957379

Trust and Opportunism in Close Corporations

Mahoney, Paul G. - 2010

The majority shareholder in a closely held corporation may use its control of the corporate machinery to appropriate wealth from the minority, and it is difficult for the majority to make a binding commitment not to do so. This paper models the interaction between majority and minority...

Persistent link: https://www.econbiz.de/10012763824

Transparency of Information and Coordination in Economies with Investment Complementarities

Angeletos, George-Marios - 2011

How do public and private information affect equilibrium allocations and social welfare in economies with investment …

Persistent link: https://www.econbiz.de/10013124660

Agency, Information and Corporate Investment

Stein, Jeremy C. - 2001

This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i's division A …

Persistent link: https://www.econbiz.de/10012787656

Channeling Domestic Savings into Productive Investment Under Asymmetric Information : The Essential Role of Foreign Direct Investment

Razin, Assaf - 2014

Foreign direct investment (FDI) is observed to be a predominant form of capital flows to low and middle income … productive investment in the presence of asymmetric information between the managing owners of firms and other portfolio … stakeholders. We emphasize the crucial role played by FDI in sustaining equity-financed capital investment for economies plagued by …

Persistent link: https://www.econbiz.de/10012752887

1
2
3
4
5
6
7
8
9
10
Next
Last