Showing 1 - 10 of 14
Consumption patterns can be indicative of how a consumer wants to be perceived by others. In this paper, I study markets where consumers are heterogeneous with respect to both their concerns for the quality of goods and the image associated with buying them. Consumers with a taste for quality...
Persistent link: https://www.econbiz.de/10010483881
Crowdfunding, a novel form of financing, has seen massive growth over the last few years. Under crowdfunding, a large number of small households offers small loans to a firm. But if some threshold is missed, the firm cannot draw the loans. We construct a model to argue that this mechanism can be...
Persistent link: https://www.econbiz.de/10010489281
Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable? We consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms on sale. Customers are...
Persistent link: https://www.econbiz.de/10011449475
In the recent last years, in particular in the aftermath of the global financial and economic crisis, many countries initiated economic recovery plans with a major focus on stimulating green entrepreneurial activities to revive economic growth. Further, the recovery plans intend to improve a...
Persistent link: https://www.econbiz.de/10010343758
In recent years, several countries have introduced non-monetary performance incentives for health care providers to improve the quality of medical care. Evidence on the effect of non-monetary feedback incentives, predominantly in the form of public quality reporting, on the quality of medical...
Persistent link: https://www.econbiz.de/10010489953
We study a sequential screening problem where the agent produces an object consisting of multiple items and has a multidimensional type that he learns over time. Depending on the strength of complementarity/substitutability of the items, the optimal allocation features a different pattern of...
Persistent link: https://www.econbiz.de/10010491117
We use changes in Brazil s tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and externalities from capital controls on investor portfolios. The analysis is structured based on information from investor interviews. We find that an increase in Brazil s tax on foreign...
Persistent link: https://www.econbiz.de/10010341669
die signaling-Funktionen ab. Roman Bartnik, ebenfalls Duisburg-Essen, behandelt 'Außenhandel, Signaling und der deutsche … socio-economic analysis of the German Year, stressing public good-properties and signaling. Roman Bartnik, also from the … University of Duisburg-Essen, contributes a paper on 'Foreign trade, signaling, and the German pavilion - Expo 2005 in Japan from …
Persistent link: https://www.econbiz.de/10010512677
We study strategic communication between a Sender and Receiver who are both uncertain about their preferred actions. The Sender observes noisy signals about both players' ideal policies and then communicates with the Receiver. Even though Sender and Receiver disagree about ideal policies as a...
Persistent link: https://www.econbiz.de/10010482440
conditions relate signaling cost of norm-adopters and non-adopters, the strength of the social norm and parameter measuring the …
Persistent link: https://www.econbiz.de/10010483272