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In Vino Veritas: The Economics of Drinking
Heufer, Jan - 2009
context. There is a tradeoff between the efficiency gains due to the signaling effect and the loss of productivity associated …
Persistent link: https://www.econbiz.de/10010271394
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Employee stock options
Børsum, Øystein - 2010
An entrepreneur with information about firm quality seeks financing from an uninformed investor in order to pay a worker. I show that if the worker, too, knows the true quality of the firm, then certain long term wage agreements can credibly signal firm quality. Such wage agreements have a low...
Persistent link: https://www.econbiz.de/10010285589
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Who should pay for certification?
Stahl, Konrad; Strausz, Roland - 2011
-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …
Persistent link: https://www.econbiz.de/10010306003
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Who Should Pay for Certification?
Stahl, Konrad; Strausz, Roland - 2010
-induced certification acts as an inspection device, whence seller-induced certification acts as a signalling device. Seller …
Persistent link: https://www.econbiz.de/10010334064
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Who should pay for certification?
Stahl, Konrad O.; Strausz, Roland - 2011
-induced certification acts as an inspection device, seller-induced certification as a signalling device. Seller-induced certification …
Persistent link: https://www.econbiz.de/10010274805
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Job market signaling and employer learning
Alós-Ferrer, Carlos; Prat, Julien - 2008
This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their …
Persistent link: https://www.econbiz.de/10010268897
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Secessionism and minority protection in an uncertain world
Anesi, Vincent - 2010
minority leader, signaling incentives make secession the unique equilibrium outcome, whether mutually advantageous compromises …
Persistent link: https://www.econbiz.de/10010277482
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Does signaling work in markets for information services? An empirical investigation for insurance intermediaries in Germany
Eckardt, Martina - 2007
instruments work as credible signals. Our findings confirm the main hypotheses derived from signaling theory as to the poor … analyze whether signaling works in the German market for insurance intermediation services. For this a signal must increase … using OLS and logit estimations we test whether intermediary type, reputational activities and a variety of signaling …
Persistent link: https://www.econbiz.de/10010319249
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Weird ties? Growth, cycles and firm dynamics in an agent-based model with financial-market imperfections
Napoletano, Mauro; Delli Gatti, Domenico; Fagiolo, Giorgio - 2005
This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent...
Persistent link: https://www.econbiz.de/10010328512
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An information economics perspective on main bank relationships and firm R&D
Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - 2011
Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...
Persistent link: https://www.econbiz.de/10010306607