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of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …. Further, any report hurts the forecaster’s reputation in the short run, with later reports incurring larger penalties. The … reputation of a silent forecaster, on the other hand, gradually improves over time. …
Persistent link: https://www.econbiz.de/10012123351
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
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/10012010073
of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …. Further, any report hurts the forecaster's reputation in the short run, with later reports incurring larger penalties. The … reputation of a silent forecaster, on the other hand, gradually improves over time. …
Persistent link: https://www.econbiz.de/10012140661
may be fired or promoted. This allows us to study how the agent's effort decision depends on his current reputation …---with reputation we refer to the beliefs about the agent's future productivity. We shall show that the market's and the agent …'s problems can be written recursively. We find that the relationship between the agent's decisions and his current reputation is …
Persistent link: https://www.econbiz.de/10005051252
In many real world negotiations, from wage contract bargaining to product liability disputes, the bargaining parties often interact repeatedly and have the option of seeking outside judgement. This paper studies a model of repeated bargaining with a third party to analyze how and why bargaining...
Persistent link: https://www.econbiz.de/10005102087
€™s reputation for resolve, as established through its past behavior, should provide it with bargaining leverage in future conflicts … dispute. We advance an argument about the interplay between a state’s reputation from past behavior and its current … of deterrence crises for the period 1895–1985. The findings indicate that, while reputation matters, its impact is …
Persistent link: https://www.econbiz.de/10009654072
Persistent link: https://www.econbiz.de/10011502533
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