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How Does Competition Affect Reputation Concerns? Theory and Evidence from Airbnb
Rossi, Michelangelo - 2019
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
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Buyer Power and Information Sharing
Kim, In Kyung - 2020
We study how buyer power affects producers' incentives to share information with retailers. Adopting the Bayesian persuasion framework, we show that full information disclosure is optimal only when buyer power is sufficiently low. Using the presence of retail price recommendations as the proxy...
Persistent link: https://www.econbiz.de/10012852743
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Competition in Selling Information
Rüdiger, Jesper - 2017
A characteristic of many information markets is that consumers can cross-check information, i.e. observe several information sources. To explore this we build a model of market for information where information outlets can only report a coarse signal and face a distribution of consumers with...
Persistent link: https://www.econbiz.de/10014039286
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Chapter 14. Media Bias in the Marketplace : Theory
Gentzkow, Matthew; Shapiro, Jesse M.; Stone, Daniel F. - 2015
Persistent link: https://www.econbiz.de/10014025202
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The Economics of Credence Goods: On the Role of Liability, Verifiability, Reputation and Competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …
Persistent link: https://www.econbiz.de/10010294835
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The economics of credence goods: on the role of liability, verifiability, reputation and competition
Dulleck, Uwe; Kerschbamer, Rudolf; Sutter, Matthias - 2009
efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation … has little influence, as predicted. Seller competition drives down prices and yields maximal trade, but does not lead to …
Persistent link: https://www.econbiz.de/10010271236
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Sorting, Reputation and Entry in a Market for Experts
Sette, Enrico - 2010
different reputation, changes in the information on good performance as a signal of an expert's talent, and changes in the …
Persistent link: https://www.econbiz.de/10013143728
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The credibility of financial reporting : a reputation-based approach
Liang, Ying; Marinovic, Iván; Varas, Felipe - 2017
This paper studies the reliability of financial reporting when the credibility of the manager, represented by his misreporting propensity, is unknown. We show that credibility concerns affect the time-series of reported earnings, book values, and stock prices in ways that seem consistent with...
Persistent link: https://www.econbiz.de/10011646596
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Career concerns with exponential learning
Bonatti, Alessandro; Hörner, Johannes - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 1, pp. 425-475
This paper examines the interplay between career concerns and market structure. Ability and effort are complements: effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. Effort levels at different times...
Persistent link: https://www.econbiz.de/10011704848
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Policy makers, advisors, and reputation
Wrasai, Phongthorn; Swank, Otto H. - 2004
When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...
Persistent link: https://www.econbiz.de/10011334827