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Persuasive silence
Suzuki, Toru - 2012
. -- Signaling game ; Consideration set ; Counter signaling ; Limited attention ; Marketing ; Advertising …
Persistent link: https://www.econbiz.de/10009516790
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Venture capital, double-sided adverse selection, and double-sided moral hazard
Houben, Eike - 2002 - First Version: March 2002, this Version: December 2002
The paper offers a new explanation for the widely observed use of redeemable and convertible preferred stock in venture capital finance. Redeemable and convertible preferred stocks can be used to endogenously allocate cash flow and control rights as a function of the state of nature, the...
Persistent link: https://www.econbiz.de/10011281511
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Frictional asset reallocation under adverse selection
Madison, Florian - 2018 - Revised version
information regarding the quality of an asset impairs its liquidity and reduces both trading volume and consumption. As a …
Persistent link: https://www.econbiz.de/10011790391
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Competition and the Signaling Role of Prices
Adriani, Fabrizio - 2006
quality goods are able to use prices as a signaling device and this enables them to trade. However, not all sellers of high …, high quality sellers' chances to trade might depend on their ability to inform buyers about the quality of the goods they … offer. We study under what conditions and to what extent sellers of high quality goods are able to overcome such a need for …
Persistent link: https://www.econbiz.de/10012733476
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Separating Equilibria with Imperfect Certification
Strausz, Roland - 2010
Viscusi (1978) shows how, in markets with quality uncertainty, perfect certification results in separation from top …
Persistent link: https://www.econbiz.de/10010333964
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Overconfidence in the Market for Lemons
Herweg, Fabian; Müller, Daniel - 2011
receive a noisy signal about the quality of the good that is at display for sale. Overconfident buyers do not update according …
Persistent link: https://www.econbiz.de/10010427601
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Separating equilibria with imperfect certification
Strausz, Roland - 2010
Viscusi (1978) shows how, in markets with quality uncertainty, perfect certification results in separation from top …
Persistent link: https://www.econbiz.de/10003985597
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Overconfidence in the market for lemons
Herweg, Fabian; Müller, Daniel - 2011
receive a noisy signal about the quality of the good that is at display for sale. Overconfident buyers do not update according …
Persistent link: https://www.econbiz.de/10009375745
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Information sharing and lending market competition under strong adverse selection
Fernández Ruiz, Jorge; García Cestona, Miguel Angel - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 2, pp. 235-245
In a relatively recent paper, Gehrig and Stenbacka (Eur Econ Rev 51, 77–99, 2007) show that information sharing increases banks’ profits to the detriment of creditworthy entrepreneurs in a model of a banking duopoly with switching costs and poaching. They restrict their analysis to the case...
Persistent link: https://www.econbiz.de/10009756898
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Overconfidence in the markets for lemons
Herweg, Fabian; Müller, Daniel - 2013
receive a noisy signal about the quality of the good that is on display for sale. Overconfident buyers do not update according …
Persistent link: https://www.econbiz.de/10010342215