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Signaling through price and quality to consumers with fairness concerns
Guo, Xiaomeng; Jiang, Baojun - In: Journal of marketing research : JMR 53 (2016) 6, pp. 988-1000
Persistent link: https://www.econbiz.de/10011648428
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Sectoral inflation persistence, market concentration and imperfect common knowledge
Kato, Ryo; Okuda, Tatsushi; Tsuruga, Takayuki - 2020
Previous studies have stressed that in ation dynamics exhibit a substantial disper- sion across sectors. Using US producer price data, we present evidence that sectoral in ation persistence is negatively correlated with market concentration, which is diffi- cult to reconcile with the prediction...
Persistent link: https://www.econbiz.de/10012195719
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Incomplete information about social preferences explains equal division and delay in bargaining
Kohler, Stefan - In: Games 3 (2012) 3, pp. 119-137
Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...
Persistent link: https://www.econbiz.de/10009754119
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What makes a price fair? : an experimental study of transaction experience and endogenous fairnesss views
Herz, Holger; Taubinsky, Dmitry - 2016
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … arising from previous transactions play an important role in shaping perceptions of fairness. Buyers used to high market … two classes of models of path-dependent fairness preferences - either based on endogenous fairness reference points or …
Persistent link: https://www.econbiz.de/10011482926
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What Makes a Price Fair? An Experimental Study of Transaction Experience and Endogenous Fairness Views
Herz, Holger - 2016
People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … play an important role in shaping perceptions of fairness. Buyers used to high market prices, for example, are more likely …-dependent fairness preferences - either based on endogenous fairness reference points or based on shifts in salience - that can account …
Persistent link: https://www.econbiz.de/10012987400
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Cooperation and signaling with uncertain social preferences
Duffy, John; Muñoz-García, Félix - In: Theory and decision : an international journal for … 78 (2015) 1, pp. 45-75
Persistent link: https://www.econbiz.de/10010513936
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Asymmetric information in credit markets, bank leverage cycles and macroeconomic dynamics
Rannenberg, Ansgar - 2012 - This version: 15/11/2011
I add a moral hazard problem between banks and depositors as in Gertler and Karadi (2009) to a DSGE model with a costly state verification problem between entrepreneurs and banks as in Bernanke et al. (1999) (BGG). This modification amplifies the response of the external finance premium and the...
Persistent link: https://www.econbiz.de/10009664958
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Managing beliefs about monetary policy under discretion
Mertens, Elmar - 2009
is larger, even when inflation is partly backward-looking. …
Persistent link: https://www.econbiz.de/10003882302
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Credence goods markets with fair and opportunistic experts
Heinzel, Joachim - 2019
Persistent link: https://www.econbiz.de/10011992050
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Monetary policy under imperfect information and consumer confidence
Brenneisen, Jan-Niklas - 2020 - This version: July 23, 2020.
Although it is generally accepted that consumer confidence measures are informative signals about the state of the economy, theoretical macroeconomic models designed for the analysis of monetary policy typically do not provide a role for them. I develop a framework with asymmetric information in...
Persistent link: https://www.econbiz.de/10012269096