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Remain Silent and Ye Shall Suffer : Seller Exploitation of Reticent Buyers in an Experimental Reputation System
Gazzale, Robert S.; Khopkar, Tapan - 2008
By providing incentives for sellers to act in a trustworthy manner, reputation mechanisms in many online environments …
Persistent link: https://www.econbiz.de/10014212262
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Wars of conquest and independence
Hodler, Roland; Yektaş, Hadi - 2013
Wars of conquest and wars of independence are characterized by an asymmetric payoff structure: one party gets aggregate production if it wins, and its own production if it loses, while the other party gets only its own production if it wins, and nothing if it loses. We study a model of war with...
Persistent link: https://www.econbiz.de/10009754525
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The forward-looking disclosures of corporate managers : theory and evidence
Gropp, Reint; Karapandža, Raša; Opferkuch, Julian - 2016
We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
Persistent link: https://www.econbiz.de/10011504350
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The forward-looking disclosures of corporate managers : theory and evidence
Gropp, Reint; Karapandža, Raša; Opferkuch, Julian - 2016
We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
Persistent link: https://www.econbiz.de/10011506852
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Participants' reputation in the syndicated lending market
Kalyaeva, Daria - 2018
How do lenders use their reputation when participating in syndicated loans? I address this question by focusing on … syndicate composition with respect to participants' reputation and its impact on loan spreads. I find that lender reputation … market finance features, rather than bank finance. However I find no evidence that lenders use their reputation and the …
Persistent link: https://www.econbiz.de/10011976949
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Should Courts Always Enforce What Contracting Parties Write? Second Version
Anderlini, Luca - 2006
We find an economic rationale for the common sense answer to the question in our title - courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...
Persistent link: https://www.econbiz.de/10012732731
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Should Courts Always Enforce What Contracting Parties Write?
Anderlini, Luca - 2006
We find an economic rationale for the common sense answer to the question in our title - courts should not always enforce what the contracting parties write.We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...
Persistent link: https://www.econbiz.de/10012735522
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Should Courts Always Enforce What Contracting Parties Write? this Paper Replaces Te/2003/464
Anderlini, Luca - 2008
We find an economic rationale for the common sense answer to the question in our title courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...
Persistent link: https://www.econbiz.de/10012771140
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Should Courts Always Enforce What Contracting Parties Write?
Anderlini, Luca; Felli, Leonardo; Postlewaite, Andrew - 2009
We find an economic rationale for the common sense answer to the question in our title - courts should not always enforce what the contracting parties write. We describe and analyze a contractual environment that allows a role for an active court. An active court can improve on the outcome that...
Persistent link: https://www.econbiz.de/10014211029
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Informational opacity and honest certification
Pollrich, Martin; Wagner, Lilo - 2014
This paper studies the interaction of information disclosure and reputational concerns in certification markets. We argue that by revealing less precise information a certifier reduces the threat of capture. Opaque disclosure rules may reduce profits but also constrain feasible bribes. For large...
Persistent link: https://www.econbiz.de/10010408008