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This study aims to investigate whether CEOs use the media as a strategic tool to manage and enhance reputation. This is … future events that influence their reputation. The tendency of CEOs to give press interviews is examined as a function of a … strategic tool to manage and enhance reputation.The author shows that interviews tend to follow positive firm performance, and …
Persistent link: https://www.econbiz.de/10012863770
its equilibrium strategy in a repeated but finite game, in order to build an environmental reputation if we suppose that … reputation. Due to the peculiarity of environmental information (green products are credence goods), we claim that an explicit … the reputation effect …
Persistent link: https://www.econbiz.de/10014172861
The paper presents a theory that large scales are necessary to establish reputation. In the model, each producer yields … with some probability. Due to noisiness of single performance, a producer cannot establish reputation in market. Free of … Central Limit Theorem the paper ensures that is not true. Thus the middleman is always able to establish reputation if the …
Persistent link: https://www.econbiz.de/10014217787
reputation system on market outcomes. We consider both a structured measure summarized in a numerical reputation score and a … buyers trade off reputation (both structured and unstructured) and price and are willing to accept higher bids posted by more … reputable bidders. Sellers also respond to changes in their own reputation through three different channels. They increase their …
Persistent link: https://www.econbiz.de/10014161376
Quality certification programs are used to improve consumers’ ability to identify high-quality products or sellers in markets with information asymmetries. Using data from eBay UK’s online marketplace, we study how certification’s benefits vary with market- and seller-level attributes,...
Persistent link: https://www.econbiz.de/10014039295
over seller quality. Typically, these markets use reputation systems to alleviate this issue, but the effectiveness of … auction, or wait for more bids. In the process, she trades-off sellers’ price, reputation, other attributes, and the costs of … waiting and canceling. Our framework addresses ‘dynamic selection’, which can lead to underestimation of reputation, through …
Persistent link: https://www.econbiz.de/10014039786
To analyze strategic interactions arising in the cyber-security context, we develop a new reputation game model in …
Persistent link: https://www.econbiz.de/10013297152
We build a model of reputation featuring a long-lived player (e.g. an online seller) and an infinite sequence of short …-lived players (e.g. online buyers) which is consistent with three crucial idiosyncrasies of online reputation systems. First …. Third, short-lived players may have partial knowledge about the entire history of the game to date given that the reputation …
Persistent link: https://www.econbiz.de/10014167260
Should principals explain and justify their evaluations? In this paper the principal's evaluation is private … evaluation to the agent if the evaluation turns out to be bad. The justification assures the agent that the principal has not … distorted the evaluation downwards. In equilibrium, the wage increases in the agent's performance, when the principal justifies …
Persistent link: https://www.econbiz.de/10009569527
We analyze a rating agency's incentives to distort ratings in a model with a monopolistic profit maximizing rating agency, a continuum of heterogeneous firms, and a competitive market of risk-neutral investors. Firms sell bonds, the value of a firm's bond is known to the firm and observable by...
Persistent link: https://www.econbiz.de/10011345759