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The forward-looking disclosures of corporate managers : theory and evidence
Gropp, Reint; Karapandža, Raša; Opferkuch, Julian - 2016
We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
Persistent link: https://www.econbiz.de/10011504350
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The forward-looking disclosures of corporate managers : theory and evidence
Gropp, Reint; Karapandža, Raša; Opferkuch, Julian - 2016
We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
Persistent link: https://www.econbiz.de/10011506852
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Whom can you trust? : reputation and cooperation in networks
King, Maia - 2017
Community enforcement is an important device for sustaining efficiency in some repeated games of cooperation. We investigate cooperation when information about players' reputations spreads to their future partners through links in a social network that connects them. We find that information...
Persistent link: https://www.econbiz.de/10011773641
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Limited records and reputation
Liu, Qingmin; Skrzypacz, Andrzej - 2009
Persistent link: https://www.econbiz.de/10003862211
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Engineering Trust - Reciprocity in the Production of Reputation Information
Bolton, Gary E. - 2009
Reciprocal feedback distorts the production and content of reputation information, hampering trust and trade efficiency … changes in the way feedback information flows through the system, leading to more accurate reputation information, more trust …
Persistent link: https://www.econbiz.de/10012718815
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Advice is cheap : information is not!
Häfner, Samuel; Taylor, Curtis R. - 2017
An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...
Persistent link: https://www.econbiz.de/10012117630
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The value of bad ratings : an experiment on the impact of distortions in reputation systems
Keser, Claudia; Späth, Maximilian - 2020
We study the robustness of reputation management systems against distortions in rating behavior. In a laboratory trust … experiment with reputation management, we mimic a positive bias by exclusively offering the option to rate positively or to give …. This highlights the importance of negative ratings for the effectiveness of reputation systems. …
Persistent link: https://www.econbiz.de/10012197593
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Reputation and Turnover
Rob, Rafael; Sekiguchi, Tadashi - 2004
is a noisy indicator of the firm's investment. We focus on dynamic reputation equilibria, whereby consumers "discipline …
Persistent link: https://www.econbiz.de/10014029051
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A class of evolutionary models for participation games
Dindo, Pietro; Tuinstra, Jan - 2010
We introduce a framework to analyze the interaction of boundedly rational heterogeneous agents repeatedly playing a participation game with negative feedback. We assume that agents use different behavioral rules prescribing how to play the game conditionally on the outcome of previous rounds. We...
Persistent link: https://www.econbiz.de/10008729061
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Game Theory as Social Theory : Finding Spontaneous Order
Devereaux, Abigail - 2018
Game theory holds out the promise of transforming the core of economic theory from ascience of rational choice into a science of human interaction. While traditional gametheory does open into social interaction, it mostly neglects another central feature ofeconomic intuition: spontaneous...
Persistent link: https://www.econbiz.de/10012911903