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Online interactions are frequently governed by reputation systems that allow users to evaluate each other after an interaction. Effective reputation systems can increase trust and may improve efficiency in market settings. In recent years, however, fake reviews have become increasingly...
Persistent link: https://www.econbiz.de/10013330598
I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing offshoring activity increases competition in the...
Persistent link: https://www.econbiz.de/10013332242
Persistent link: https://www.econbiz.de/10011603420
Online copyright enforcement, in the form of either direct action against the supply-side (via website shutdowns) or the demand-side (via individual lawsuits against users), has not been very effective in reducing piracy. Regulators have therefore put forward the so called "follow the money"...
Persistent link: https://www.econbiz.de/10011777958
Collaborative learning is an educational approach, which can be easily applied to a business setting. However, it is … conceptual paper provides the classification of collaborative learning in destination management grounded on a few dimensions and … learning in line with the requirements of managing tourism destinations. The concept of collaborative learning represents a …
Persistent link: https://www.econbiz.de/10012227611
Successful coordination is key for economic and societal wealth. The rich literature on the minimum-effort game (MEG) has provided valuable insights into coordination, both theoretically and empirically. Yet, although real-world scenarios often involve asymmetric benefits and/or costs from...
Persistent link: https://www.econbiz.de/10012438170
Many situations in the social and economic life are characterized by rivalry and conflict between two or more competing groups. Warfare, socio-political conflicts, political elections, lobbying, and R&D competitions are all examples of inter-group conflicts in which groups spend scarce and...
Persistent link: https://www.econbiz.de/10012419136
I use game-theoretical models to compare a sender's expected payoff under two methods of wielding influence under incomplete information: offering rewards or threatening punishments. Attempts to influence another's behaviour can have the perverse effect of actually encouraging the behaviour that...
Persistent link: https://www.econbiz.de/10012307876
Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
Persistent link: https://www.econbiz.de/10012308290
We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the information available on eBay about buyer experience and...
Persistent link: https://www.econbiz.de/10012309640