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Strategic abuse and accuser credibility
Di Pei, Harry; Strulovici, Bruno - 2018
We study the interaction between a potential offender's (principal ) incentive to commit crimes and the potential victims' (agents) incentive to report crime. The probability of crime and the credibility of reports are endogenously determined in equilibrium, and the principal is convicted if...
Persistent link: https://www.econbiz.de/10011923220
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Belief formation in a signalling game without common prior : an experiment
Possajennikov, Alexandre - 2012
Using belief elicitation, the paper investigates the formation and the evolution of beliefs in a signalling game in which a common prior on Sender's type is not induced. Beliefs are elicited about the type of the Sender and about the strategies of the players. The experimental subjects often...
Persistent link: https://www.econbiz.de/10009535526
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Adverse selection, learning, and competitive search
Mayr, Karin - 2020
(2010). My model allows for an analysis of the effects of firm learning on labor market efficiency in the presence of search … frictions. I find that firm learning increases relative expected earnings in high-ability jobs and, thereby, enhances imitation … priori. Numerical results show that firm learning does not increase labor market efficiency. …
Persistent link: https://www.econbiz.de/10012306402
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The Informational Role of Prices
Mirman, Leonard J.; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2008
effect of asymmetric information and learning on the equilibrium outcomes. More uninformed buyers increases the price …
Persistent link: https://www.econbiz.de/10005489841
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Noisy Signaling in Monopoly
Mirman, Leonard J.; Salgueiro, Egas; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2011
We study the informational role of prices in a stochastic environment. We provide a closed-form solution of the monopoly problem when the price imperfectly signals quality to the uninformed buyers. We then study the effect of noise on output, market price, information flows, and expected...
Persistent link: https://www.econbiz.de/10008876408
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The Simple Analytics of Price Signaling Quality
Mirman, Leonard J.; Santugini, Marc - Institut d'Économie Appliquée, HEC Montréal (École … - 2011
We present a diagrammatic and step-by-step analysis of price signaling quality. Because quality is a continuum on the real positive line, out-of-equilibrium beliefs need not be specified, i.e., every positive price is a positive outcome in equilibrium. We first study the behavior of the monopoly...
Persistent link: https://www.econbiz.de/10008876409
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Reputation and learning: Japanese car exports to the United States
Dalton, John T.; Goksel, Turkmen - In: Japan and the World Economy 25-26 (2013), pp. 10-23
This paper incorporates learning and reputation building into a simple dynamic stochastic model with asymmetric … information. We use the model to study a bilateral trade flow influenced significantly by learning and reputation, namely U … 1981–1984. Since learning and reputation building require time, predicted short run trade patterns can be quite different …
Persistent link: https://www.econbiz.de/10010666166
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Information updating and insurance dropout : evidence from dental insurance
Grönqvist, Erik (contributor) - 2004 - [Elektronische Ressource]
. -- Asymmetric Information ; Adverse Selection ; Learning ; Health Insurance …
Persistent link: https://www.econbiz.de/10002570047
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Do Customers Learn from Stock Prices?
Sun, Sophia - 2017
customers learn about a firm's product quality partially from its stock price. This learning induces feedback from the price to …
Persistent link: https://www.econbiz.de/10012967395
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Learning by Owning in a Lemons Market
Martel, Jordan - 2019
We study market dynamics when an owner learns over time about the quality of her asset. Since this information is private, the owner sells strategically to a less informed buyer following sufficient negative information. In response, market prices feature a "U-shape" relative to the length of...
Persistent link: https://www.econbiz.de/10012903225