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Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
Persistent link: https://www.econbiz.de/10011530053
Interactions between players with private information and opposed interests are often prone to bad advice and inefficient outcomes, e.g. markets for financial or health care services. In a deception game we investigate experimentally which factors could improve advice quality. Besides advisor...
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 …
Persistent link: https://www.econbiz.de/10011881706
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 analyses the market for professional (expert) services where the experts are motivated by reputational … characteristics can induce clients to choose between experts with different reputations. The paper shows that clients choices have an … important impact on the incentives of experts to provide a high quality service. In particular, sorting of clients affects …
Persistent link: https://www.econbiz.de/10008527062
his reputation for truthtelling, we show that the larger is the inequality, the less information can credibly be … ‚Cheap-talk’ verwendet, in dem angenommen wird, dass der Lobbyist Wert auf seine Reputation als aufrichtiger …
Persistent link: https://www.econbiz.de/10010278111
his reputation for truthtelling, we show that the larger is the inequality, the less information can credibly be … angenommen wird, dass der Lobbyist Wert auf seine Reputation als aufrichtiger Informationsvermittler legt. Dabei kann gezeigt …
Persistent link: https://www.econbiz.de/10005772935
his reputation for truth telling, we show that the larger the inequality, the less information can credibly be transmitted …
Persistent link: https://www.econbiz.de/10005792547
build up a reputation for producing little, so that the output price increases in the market, and this increases the auction …
Persistent link: https://www.econbiz.de/10010261290
Persistent link: https://www.econbiz.de/10010403498