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is a noisy indicator of the firm's investment. We focus on dynamic reputation equilibria, whereby consumers "discipline …
Persistent link: https://www.econbiz.de/10005385306
is a noisy indicator of the firm’s investment. We focus on dynamic reputation equilibria, whereby consumers ‘discipline …
Persistent link: https://www.econbiz.de/10005020643
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
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
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
We study dynamic Bayesian persuasion in an entry game. A sender publicly reveals information to an adopter and a competitor. When the sender's loss from competition is small, the optimal policy features hype cycles: the sender first exaggerates the value of a technology to attract the adopter,...
Persistent link: https://www.econbiz.de/10013212515
Reputation systems constitute an important institution to help sustain trust in online auction markets. However, only …
Persistent link: https://www.econbiz.de/10012720671
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
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/10012932515
In human behavioral analysis, it is desired to accurately define basic quantities related to the decision-making process. In game theoretic models, essential such quantities are the utilities representing and quantifying behavioral preferences. Commonly, in order to estimate these quantities...
Persistent link: https://www.econbiz.de/10012892733