Showing 1 - 10 of 201
We analyze the effects of introducing asymmetric information andexpectations in the investment game (Berg et al., 1995). In our experiment,only the trustee knows the size of the surplus. Subjects’expectations about each other’s behavior are also elicited. Our resultsshow that average payback...
Persistent link: https://www.econbiz.de/10005866876
Rhodes-Kropf and Viswanathan (2004) suggest an adverse selection role of corporate cashreserve. Specifically, if investors know a bidder does not have to issue to invest, an attempt to doso sends a strong pessimistic signal of overvaluation. Despite its intuitiveness, this notion has notbeen...
Persistent link: https://www.econbiz.de/10005870609
Information asymmetry is a necessary prerequisite for testing adverse selection.This paper applies this sequence of tests to Mauritian slave auctions. Dynamicauction theory with private value highlights more aggressive bidding by uninformedbidders and higher prices when an informed participant...
Persistent link: https://www.econbiz.de/10005868840
We develop a reputation model to study the concurrent use of trademarks and certification for foodproducts with a … regional identity, known as geographical indications (GIs). The model extendsShapiro’s (1983) approach to modeling reputation … firmspecificreputations whereas GI certification captures a notion of collective reputation. The modelshows that GI certification improves the …
Persistent link: https://www.econbiz.de/10009360745
interface, uncertainty, trust.Using new media and communication systems shifts the customer interface towards the customer …, there is a need to build up trust when new media- and communication systems are used at the customer interface. …
Persistent link: https://www.econbiz.de/10005841011
Im Verlauf fortschreitender Ökonomisierung und des in allen Sparten stattgefundenenGrößenwachstums von Primärgenossenschaften ist hier und da inder Beziehung „Mitglied – Genossenschaft“ ein Verlust von Gemeinschaftsgefühlund persönlicher Verbundenheit eingetreten. Damit geht...
Persistent link: https://www.econbiz.de/10009418764
In der Organisationsberatung und der Unternehmenspraxis wird seit den 1980er Jahrenzunehmend auf Veränderungskonzepte gesetzt, welche auf eine möglichst hohe Geschwindigkeitbzw. Tiefe organisatorischer Veränderungsvorhaben setzen, um die organisatorischeAdaptionsfähigkeit an die zunehmend...
Persistent link: https://www.econbiz.de/10009419026
Will man betriebliche Vertrauenskulturen erfassen, stößt man auf das Problem, dass dieserBegriff zwar vielfach verwendet, aber unzulänglich definiert wird, mithin bisher keine analytischeKategorie ist. Vor allem im Kontext Unternehmensberatungs- und Managementliteraturwird der Begriff...
Persistent link: https://www.econbiz.de/10009419027
contribute to a better understanding of how trust is influenced by the effects of power and its application, and how trust …
Persistent link: https://www.econbiz.de/10005869960
This paper sets out the CII’s conception of an Independent Professional Standards Board (IPSB). It reviews the proposal as it stands now, takes a critical look at some of the myths that have developed about it, sets out what a possible model IPSB might look like in the future, and explains the...
Persistent link: https://www.econbiz.de/10005870231