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A model is developed to understand how norms can be influenced by "norm entrepreneurs", e.g. lawmakers, government agencies, unions etc. Two instruments of influencing the dynamics of normfollowing behavior are analyzed, namely transforming the (monetary) incentives and changing the meaning or...
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This paper examines the impact of venture capitalists' reputation building and experience accumulation on the genesis …-technology enterprises. They must build reputation, i.e., a track record for successfully financing high-technology enterprises, in order to …. Simulations are used to solve the model. The simulation results demonstrate that reputation building and experience accumulation …
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this task. We show, that those announced beliefs lead to a self fulfilling prophecy as the reputation of the responsible …
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An essential ingredient in models of career concerns is ex ante uncertainty about an agent's type. This paper shows how career concerns can arise even in the absence of any such ex ante uncertainty, if the unobservable actions that an agent takes influence his future productivity. By...
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