Public reputation mechanisms are an effective means to limit opportunistic behavior in markets suffering from moral hazard problems. While previous research was mostly concerned with the influence of exogenous feedback mechanisms, this study considers the endogenous emergence of reputation...

We study the interaction between competition and social proximity on altruism, trust, and reciprocity. We decompose the behavioral channels by utilizing variants of both the Trust Game and the Dictator Game in a design that systematically controls the transmission of relevant information. Our...

We investigate the welfare effect of increasing competition in an anonymous two-sided matching market, where matched pairs play an infinitely repeated Prisoner's Dilemma. Higher matching efficiency is usually considered detrimental as it creates stronger incentives for defection. We point out,...

The rise of online platforms has disrupted numerous traditional industries. A prime example is the short-term accommodation platform Airbnb and how it affects the hotel industry. On the one hand, consumers can profit from Airbnb due to an increased number of choices and lower prices. On the...

We study the interaction between competition and social proximity on altruism, trust, and reciprocity. We decompose the behavioral channels by utilizing variants of both the Trust Game and the Dictator Game in a design that systematically controls the transmission of relevant information. Our...

We analyze three concepts of market competition. Although in each one of them one can appreciate the different aspects of freedom, they also contribute specially to some of them. We propose that the “neoclassical general equilibrium” mainly contributes to the discussion of the outcomes of an...

Entsprechend der Themenfrage wird zunächst untersucht, wie sich Gemeinwohl und Wettbewerb als Ziele in einer privaten und gesetzlichen Krankenversicherung operationalisieren lassen. Nach der Darstellung einer ordnungspolitischen Reform der nKrankenversorgung erfolgt eine Einbettung der Thematik...

This paper revisits the efficiency of a rational expectations equilibrium model of a competitive market from the perspective of the incentive to social communication. The classical result tells us that the equilibrium price perfectly reveals all dispersed information in the market when the...

Envy is evident when an agent undertakes a costly effort to reduce the gap between his situation and the envied others' situation. This attempt can take two paths. An agent characterized by competitive or white envy is willing to incur a cost in order to keep up with the Joneses' situation. An...

There is not a day goes by without a passionate debate concerning Big Tech companies; while the main concern of governments seems to be related to social justice, a growing worry is associated with the consequences that large firms have on consumer welfare; nowadays these big entities engage in...