Lee, Li Way - In: Journal of Behavioral and Experimental Economics … 39 (2010) 6, pp. 615-618
Mood is information. A good mood signals a desire to cooperate; a bad mood warns of a determination to oppose. Firms may communicate by mood. The paper makes three points about the mood of a firm. First, mood can change. A change in mood affects everyone in the market. Second, there exists a...