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Equality of the sexes and gender differences in competition : evidence from three traditional societies
Klonner, Stefan; Pal, Sumantra; Schwieren, Christiane - 2020
Can gender-balanced social norms mitigate the gender differences in competitiveness that are observed in traditional patriarchic as well as in modern societies? We experimentally assess men's and women's preferences to compete in a traditional society where women and men have similar rights and...
Persistent link: https://www.econbiz.de/10012425173
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How do sellers benefit from Buy-It-Now prices in eBay auctions?
Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2019
We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay … information available on eBay about buyer experience and bidding behavior correlates with the observed price deviation. Sellers … does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient …
Persistent link: https://www.econbiz.de/10012309640
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On the dynamics of segregation
Dahlberg, Matz; Fredriksson, Peter; Jofre-Monseny, Jordi - 2011 - Work in progress.
Card et al (2008a) formalize a model of ethnic residential segregation where an ethnically mixed neighborhood is dynamically stable until its minority share reaches a threshold (the tipping point). Once the neighborhood has surpassed the tipping point, it will experience massive white flight....
Persistent link: https://www.econbiz.de/10011508664
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Race and subprime loan pricing
Ghent, Andra C.; Hernández-Murillo, Rubén; Owyang, … - 2011 - First draft: February 2011, preliminary
In this paper we investigate whether race and ethnicity influenced subprime loan pricing during 2005, the peak of the subprime mortgage expansion. We combine loan-level data on the performance of non-prime securitized mortgages with individual- and neighborhood-level data on racial and ethnic...
Persistent link: https://www.econbiz.de/10011539498
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Why echo chambers are useful
Jann, Ole; Schottmuller, Christoph - 2019
Why do people appear to forgo information by sorting into “echo chambers”? We construct a highly tractable multi-sender, multi-receiver cheap talk game in which players choose with whom to communicate. We show that segregation into small, homogeneous groups can improve everybody’s...
Persistent link: https://www.econbiz.de/10012265620
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Inefficiency and regulation in credence goods markets with altruistic experts
Farukh, Razi; Kerkhof, Anna; Loebbing, Jonas - 2020
We study a credence goods problem - that is, a moral hazard problem with non-contractible outcome - where altruistic experts (the agents) care both about their income and the utility of consumers (the principals). Experts' preferences over income and their consumers' utility are convex, such...
Persistent link: https://www.econbiz.de/10012431181
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Price discovery and gains from trade in asset markets with insider trading
Brünner, Tobias; Levínský, René - 2020
The present study contributes to the ongoing debate on possible costs and benefits of insider trading. We present a novel call auction model with insider information. Our model predicts that more insider information improves informational efficiency of prices, but this comes at the expense of...
Persistent link: https://www.econbiz.de/10012437539
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ICO analysts
Barth, Andreas; Laturnus, Valerie; Mansouri, Sasan; … - 2021
Freelancing human experts play an important role in Initial Coin Offerings (ICOs). Expert ratings partially reflect the reciprocal network of ICO members and analysts. Ratings predict ICO success, but highly imperfectly so. Favorably rated ICOs tend to fail when more ratings reciprocate prior...
Persistent link: https://www.econbiz.de/10013336270
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Trust and reputation under asymmetric information
Janas, Moritz; Oljemark, Emilia - 2020 - Version: September 10, 2020
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
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The information paradox in a monopolist's credence goods market
Jost, Peter-J.; Reik, Steffen; Ressi, Anna - 2019
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