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We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...
Persistent link: https://www.econbiz.de/10012422494
This paper examines experimentally the reputation building role of disclosure in an investment / trust game. It …
Persistent link: https://www.econbiz.de/10014200864
can be sustained by reputation motives in spite of the inherent conflict of interests between sellers and buyers. In the … absence of “commitment” types, reputation motives are explained as a consequence of equilibrium interplay between the market …, reputation motives do not disappear even after the seller’s ability is revealed. This model is applied to examine the extent to …
Persistent link: https://www.econbiz.de/10014203351
This paper describes a classroom game used to teach students about the impact of reputations in markets with asymmetric information. The game is an extension of Holt and Sherman's lemons market game and simulates a market under three information conditions. In the full information setting, all...
Persistent link: https://www.econbiz.de/10014027849
Reputation systems are emerging as an increasingly important component of online communities, helping elicit good …-depth study of the motivations of trader participation in eBay's reputation system. To examine these questions, we analyze data … expectation of reciprocal behavior from partners increases reputation system participation from self-interested eBay buyers and …
Persistent link: https://www.econbiz.de/10014069983
Reputation systems constitute an important institution to help sustain trust in online auction markets. However, only …
Persistent link: https://www.econbiz.de/10012720671
I study a repeated game in which a patient player wants to win the trust of some myopic opponents but can strictly benefit from betraying them. His benefit from betrayal is strictly positive and is his persistent private information. I characterize every type of patient player's highest...
Persistent link: https://www.econbiz.de/10012587361
initiatives matter in shaping citizens' perceptions of the reputation of the government. We find, however, strong heterogeneity …
Persistent link: https://www.econbiz.de/10015197814
We build a model of reputation featuring a long-lived player (e.g. an online seller) and an infinite sequence of short …-lived players (e.g. online buyers) which is consistent with three crucial idiosyncrasies of online reputation systems. First …. Third, short-lived players may have partial knowledge about the entire history of the game to date given that the reputation …
Persistent link: https://www.econbiz.de/10014167260
Organization differ in the degree to which they differentiate employees by ability. We analyse how the effect of differentiation on employee morale may explain this variation. By comparing employees using ordinary talk, a manager boosts the self-image of some, but hurts that of others. Whether...
Persistent link: https://www.econbiz.de/10010325162