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Persistent link: https://www.econbiz.de/10011292597
We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...
Persistent link: https://www.econbiz.de/10012422494
Persistent link: https://www.econbiz.de/10011438636
Acknowledging the importance and role of corporate reputation as a unique intangible and specific organizational … paper provides an overview of the existing research regarding bank reputation in the Republic of Croatia. As corporate … social responsibility aspect of a business is one of the most widely studied aspects of corporate reputation, we investigate …
Persistent link: https://www.econbiz.de/10012221859
As described in this paper, a simple matching theory is constructed to ascertain how natural disasters affect regional economic activities and migration. Section 2 introduces a simple matching theory model based on previous studies. This theory explains how the unemployment rate, a measure of...
Persistent link: https://www.econbiz.de/10011482326
Because verdicts are typically the more costly resolution of legal disputes, most governments are interested in high settlement rates. In this paper, we use a unique dataset of 860 case records from a German trial court to explore which factors have a significant impact on the decision to settle...
Persistent link: https://www.econbiz.de/10011810717
According to Duranton (2008), the main focus of spatial economics is the location choice of the economic agents. In order to explain the location and the agglomeration of agents in certain locations, one must relax the core assumptions of the neoclassic competitive framework. According to Fujita...
Persistent link: https://www.econbiz.de/10011530192
We develop an advertising strategy for durable goods firms applying a dual time-period model while considering three-stage game in a Cournot competition. We assume that firms employ two advertising approaches; one is online advertising, which escalates consumers' willingness to purchase goods...
Persistent link: https://www.econbiz.de/10012805746
The standard agency model assumes that the agent does not care how his decisions influence others. This is a strong assumption, which we relax. We find that, although monetary incentives are effective also with sociallyattentive agents, the principal may optimally set none. This could explain...
Persistent link: https://www.econbiz.de/10012268393
Credence goods markets, such as those for car repairs and medical treatments, are generally characterized by an ex-ante and ex-post information asymmetry between the uninformed buyer and the informed seller. Previous literature demonstrates that efficiency and fraud in a monopolist credence...
Persistent link: https://www.econbiz.de/10012286246