Showing 1 - 10 of 59
's incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers … with the respective information about past usage, policy can further improve welfare, as contracts become more efficient …
Persistent link: https://www.econbiz.de/10011441809
’s incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers … with the respective information about past usage, policy can further improve welfare, as contracts become more efficient …
Persistent link: https://www.econbiz.de/10010833235
's incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers … with the respective information about past usage, policy can further improve welfare, as contracts become more efficient …
Persistent link: https://www.econbiz.de/10010688294
's incentives to extract information rent. By reducing the costs of information acquisition or forcing firms to supply consumers … with the respective information about past usage, policy can further improve welfare, as contracts become more efficient …
Persistent link: https://www.econbiz.de/10011489927
Is the reputation of a firm tradeable when the previous owner has toretire even though ownership change is observable? The authors of this paper consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms...
Persistent link: https://www.econbiz.de/10005850461
The authors determines a two product company, that sells their products with different quality under an umbrella brand.
Persistent link: https://www.econbiz.de/10005850462
Consider a two-product firm that decides on the quality of each product. Product quality is unknown to consumers. If the firm sells both products under the same brand name, consumers adjust their beliefs about quality subject to the performance of both products. We show that if the probability...
Persistent link: https://www.econbiz.de/10010261118
Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable? We consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms on sale. Customers are...
Persistent link: https://www.econbiz.de/10010261210
the source of information, namely whether information comes from external certification or from random detection. …
Persistent link: https://www.econbiz.de/10010264839
Is the reputation of a firm tradable when the change in ownership is observable? We consider a competitive market in which a share of owners must retire in each period. New owners bid for the firms that are for sale. Customers learn the owner's type, which reflects the quality of the good or...
Persistent link: https://www.econbiz.de/10010334019