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I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads … competition on sellers' incentives is theoretically ambiguous. More competition disciplines sellers, but, at the same time, it …
Persistent link: https://www.econbiz.de/10012138911
I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads … competition on sellers' incentives is theoretically ambiguous. More competition disciplines sellers, but, at the same time, it …
Persistent link: https://www.econbiz.de/10012857911
This paper examines one of the most important marketing strategies by software producers on the Internet. That is whether to offer free samples and if so, whether to list the samples on shareware repositories. I show that firms with higher value products have a greater incentive to offer free...
Persistent link: https://www.econbiz.de/10004970309
Persistent link: https://www.econbiz.de/10014025202
factors could improve advice quality. Besides advisor competition and identifiability we add the possibility for clients to … identifiabilitiy (leading to several client-advisor interactions over the course of the game) or competition (allowing one advisor to …-telling under competition. …
Persistent link: https://www.econbiz.de/10011530053
factors could improve advice quality. Besides advisor competition and identifiability we add the possibility for clients to … (leading to several client-advisor interactions over the course of the game) or competition (allowing one advisor to have …
Persistent link: https://www.econbiz.de/10011697162
make a voluntary payment, a bonus, after observing advice quality. While the combination of competition and reputation …. Thus, our results suggest that a voluntary component can act as a substitute for either competition or reputation … factors could improve advice quality. Besides advisor competition and identifiability, we add the possibility for clients to …
Persistent link: https://www.econbiz.de/10011881706
that restaurant owners are more willing to share wine lists with others if competition is limited or their wine list does …
Persistent link: https://www.econbiz.de/10014636853
We suggest a model of electoral competition between two parties which is extended by a third player : mass media. The … classical one-dimensional competition model is changed by introducing an issue-specific sensibility-coefficient and by allowing …
Persistent link: https://www.econbiz.de/10011441433
Online ratings play an important role in many markets. We study the often disputed information content of these ratings, by proposing a reduced-form Bayesian model of the typical buyer's rating decision. Our empirical evidence based on eBay raw data is in line with even intricate predictions...
Persistent link: https://www.econbiz.de/10012815762