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of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …. Further, any report hurts the forecaster’s reputation in the short run, with later reports incurring larger penalties. The … reputation of a silent forecaster, on the other hand, gradually improves over time. …
Persistent link: https://www.econbiz.de/10012123351
We investigate the influence of self and social image concerns as potential sources of lying costs. In a standard die-rolling experiment, we exogenously manipulate self-awareness and observability, which mediate the focus of a person on their private and public selves, respectively. First, we...
Persistent link: https://www.econbiz.de/10012256075
We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...
Persistent link: https://www.econbiz.de/10012422494
I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …
Persistent link: https://www.econbiz.de/10012138911
-lived agent builds trust over time and improves their reputation by keeping the scheme going. …
Persistent link: https://www.econbiz.de/10015332994
This paper uses data from the 2021 Swiss edition of the Gault&Millau food guide to analyze the probability with which restaurant owners decide to share their wine list with the public. This is an important question relating to the amount of information circulating in markets characterized by...
Persistent link: https://www.econbiz.de/10014636853
This paper examines the interplay between career concerns and market structure. Ability and effort are complements: effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. Effort levels at different times...
Persistent link: https://www.econbiz.de/10011704848
Persistent link: https://www.econbiz.de/10008771834
Is the reputation of a firm tradeable when the previous owner has toretire even though ownership change is observable …
Persistent link: https://www.econbiz.de/10005850461
The authors determines a two product company, that sells their products with different quality under an umbrella brand.
Persistent link: https://www.econbiz.de/10005850462