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temporary workers indeed experience less autonomy in their decisions. -- delegation ; signalling ; reputation …
Persistent link: https://www.econbiz.de/10009615156
This paper studies the welfare impact of reputation/feedback systems in markets where both adverse selection and moral … reputation system is implemented, I find that 95 percent of total welfare loss from asymmetric information is eliminated. I also … consider a policy intervention that protects borrowers from accidental loss of reputation. My results suggest that introducing …
Persistent link: https://www.econbiz.de/10012836435
This paper analyses the equilibrium and welfare properties of an economy characterized by uncertainty and payoff externalities using a general model that nests several applications. Agents receive a private signal and an endogenous public signal, which is a noisy aggregate of individual actions...
Persistent link: https://www.econbiz.de/10012854394
This paper analyses the equilibrium and welfare properties of an economy characterised by uncertainty and payoff externalities using a general model that nests several applications. Agents receive a private signal and an endogenous public signal, which is a noisy aggregate of individual actions...
Persistent link: https://www.econbiz.de/10012856439
to pure price signalling. Both, the monopolist and consumers benefit from the additional signal. …
Persistent link: https://www.econbiz.de/10010343967
We analyze the welfare consequences of a monopolist having additional information about consumers' tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination."We...
Persistent link: https://www.econbiz.de/10013082002
We analyze the welfare consequences of a monopolist having additional information about consumers' tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination."We...
Persistent link: https://www.econbiz.de/10013055412
We analyze the welfare consequences of a monopolist having additional information about consumers' tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination." We...
Persistent link: https://www.econbiz.de/10013046768
We analyze the welfare consequences of a monopolist having additional information about consumers' tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination."We...
Persistent link: https://www.econbiz.de/10013079627
We analyze the welfare consequences of a monopolist having additional information about consumers tastes, beyond the prior distribution; the additional information can be used to charge different prices to different segments of the market, i.e., carry out "third degree price discrimination". We...
Persistent link: https://www.econbiz.de/10013063932