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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 …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …
Persistent link: https://www.econbiz.de/10012138911
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The curse of knowledge increases self-selection into competition : experimental evidence
Danz, David - 2014 - Rev.
The psychology literature provides ample evidence that people have difficulties taking the perspective of less-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative overconfidence and overentry into competition. In a broader...
Persistent link: https://www.econbiz.de/10010403249
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Information Diffusion and Speed Competition
He, Xuezhong - 2019
Speed hierarchy not only motivates fast trading competition on less precise information but also renders slower traders more informative. As a result, endogenous speed acquisition in equilibrium affects how information is produced and spread. When information diffusion is characterized by its...
Persistent link: https://www.econbiz.de/10012898335
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Noisy Learning in a Competitive Market with Risk Aversion
Mirman, Leonard J. - 2015
We address the issue of risk aversion in a competitive equilibrium when some buyers engage in learning and information is conveyed through the price system. Specifically, since the learning process yields uncertainty, we study the effect of risk aversion on the equilibrium outcomes of the model,...
Persistent link: https://www.econbiz.de/10013028361
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Strategic Release of Information in Platforms : Entry, Competition, and Welfare
Bimpikis, Kostas; Mantegazza, Giacomo - 2021
Besides their role in reducing frictions and facilitating trade, two-sided platforms increasingly collect and process data, e.g., supply and demand forecasts, that can further affect market outcomes. This paper studies how a platform may choose to disclose its information about future demand to...
Persistent link: https://www.econbiz.de/10013226829
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It does matter how you get to the top : differentiating status from reputation
Patterson, Karen D. W.; Cavazos, David Eduardo; … - In: Administrative Sciences : open access journal 4 (2014) 2, pp. 73-86
Status and reputation have long been recognized as important influences in management research and recently much … strategic management studies have identified the different methods through which status and reputation are constructed. While … reputation has been linked with a history of quality, and status has been identified as an externally assigned measure of social …
Persistent link: https://www.econbiz.de/10012014941
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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 …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …
Persistent link: https://www.econbiz.de/10012857911
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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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Competition and the reputational costs of litigation
Meyerinck, Felix von; Pursiainen, Vesa; Schmid, Markus M. - 2021
Persistent link: https://www.econbiz.de/10012516899
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Competition and the Reputational Costs of Litigation
von Meyerinck, Felix; Pursiainen, Vesa; Schmid, Markus - 2021
We study the role of competition in customers' reactions to litigation against firms, using anonymized mobile phone location data. A class action lawsuit filing results in a 4% average reduction in customer visits to target firms' outlets in the following months. The effect strongly depends on...
Persistent link: https://www.econbiz.de/10013251785