Kundenempfehlungen gelten als eines der wirksamsten Marketinginstrumente. Bezüglich der Mundwerbung unter Kunden wurden bisher allerdings nur die Wirkungen einer Empfehlung auf den Empfänger der Botschaft untersucht, nicht jedoch, welche Auswirkung die Abgabe einer Empfehlung auf den...

Literature Review -- Model Description -- Model Properties -- Numerical Study -- Conclusion -- Statistical Distributions -- Supplement to Performance Variability Limitation -- Supplement to Mean-Variance Update -- Program Listing.

When investors have limited attention, does the way in which net income is measured matter for firm value and firms’ resource allocation decisions? This paper uses the Accounting Standards Update (ASU) 2016-01, which requires public firms to incorporate changes in unrealized gains and losses...

I develop a theory of digital marketplaces where an intermediary provides a platform for firms to advertise their product and where consumers need to engage in costly search if they want to learn more about the products. First, I show that when prices are observable prior to search, a more...

Information plays a crucial role in mechanism design problems. A potential complication is that buyers may be inattentive, and so their information may endogenously and flexibly depend on the offered mechanism. I show that it is without loss of generality to consider contour mechanisms, which...

We analyze information disclosure as a policy instrument for contagion management indecentralized environments. A benevolent planner (e.g., the government) tests a fraction ofthe population to learn the infection rate. Individuals meet randomly and exert vigilanceeffort. Efforts factor in a...

We study a voluntary disclosure model with uncertain information endowment and a possibly relevant external signal (e.g., a peer’s financial report). The manager may disclose the firm value before or after the external signal (“early” or “late” disclosure). We show that favorable...

Digital healthcare has been contributing considerable merits to the public health system, especially during the Covid-19 pandemic. Within a digital healthcare system, the role of information communication through the Internet is crucial. The current study explores how patients’ accessibility...