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This study fills a void in the literature by providing the first evaluation of the impact of consumer ratings on beer … content, alcohol content, user rating, and style for each beer. Our results indicate that a 10-point increase in consumer … rating is associated with about a $0.50 increase in the price of beer per unit. …
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are restricted to lie in narrow ranges. We calibrate our model using data from the beer industry, and we show that our …
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The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...
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