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A sender sells an object of unknown quality to a receiver who pays his expected value for it. Sender and receiver might hold different priors over quality. The sender commits to a monotone categorization of quality. We characterize the sender's optimal monotone categorization, the optimality of...
Persistent link: https://www.econbiz.de/10014536944
I develop a theory of intermediation in a market where agents meet bilaterally to trade and buyers cannot commit to payments. Some agents observe the past trading history of traders in the market. These informed agents can secure trades by punishing traders who previously defaulted. The...
Persistent link: https://www.econbiz.de/10013189066
We propose a model of collaborative work in pairs. Each potential partner draws an idea from a distribution that depends on their unobserved ability. The partners then choose to combine their ideas, or work separately. These decisions are based on the intrinsic value of their projects, but also...
Persistent link: https://www.econbiz.de/10012585423
A sender sells an object of unknown quality to a receiver who pays his expected value for it. Sender and receiver might hold different priors over quality. The sender commits to a monotone categorization of quality. We characterize the sender's optimal monotone categorization, the optimality of...
Persistent link: https://www.econbiz.de/10014440065
Persistent link: https://www.econbiz.de/10014229840
We study the broken windows theory with a field experiment in a shared area of a workplace in academia (department common room). We explore academics' and postgraduate students' behaviour under an order condition (clean environment) and a disorder condition (messy environment). We find strong...
Persistent link: https://www.econbiz.de/10010272427
We study the broken windows theory with a field experiment in a shared area of a workplace in academia (department common room). We explore academics' and postgraduate students' behaviour under an order condition (clean environment) and a disorder condition (messy environment). We find strong...
Persistent link: https://www.econbiz.de/10012168332
We study the broken windows theory with a field experiment in a shared area of a workplace in academia (department common room). We explore academics’ and postgraduate students’ behaviour under an order condition (clean environment) and a disorder condition (messy environment). We find...
Persistent link: https://www.econbiz.de/10008735713
Persistent link: https://www.econbiz.de/10009679250
We study the broken windows theory with a field experiment in a shared area of a workplace in academia (department common room). We explore academics' and postgraduate students' behaviour under an order condition (clean environment) and a disorder condition (messy environment). We find strong...
Persistent link: https://www.econbiz.de/10013137505