منابع مشابه
Why Do We Tip Taxicab Drivers?
The leading economic explanation for tipping –that is, explanation why the practice is socially beneficial, not why individuals leave tips even though it is not narrowly advantageous to them– is that it confers an incentive to provide personal services. This fits many instances in which tipping is common but does not fit the taxicab business very well. We propose two novel explanations of tippi...
متن کاملWhen Do Markets Tip? An Experimental Study
We report the results of laboratory experiments examining platform competition in two-sided markets. Owing to market size e¤ects that favor the platform with the larger customer base, there always exist equilibria in which all participants tip to one platform or the other. When market impact e¤ects are su¢ ciently large, then there also exist interior equilibria where both platforms enjoy...
متن کاملDo Brokers of Insiders Tip Other Clients?
This paper finds evidence that brokers who execute insider trades on the Toronto Stock Exchange engage in tipping and insider trading. We find that on the day when insiders buy (sell), there is a significant increase in the proportion of non-insider client buying (selling) handled by the insider’s brokerage firm. Furthermore, we find that the brokerage firm doubles the amount of its own buying ...
متن کاملMortality league tables: do they inform or mislead?
OBJECTIVE To examine certain methodological issues related to the publication of mortality league tables, with particular reference to severity adjustment and sample size. DESIGN Retrospective analysis of inpatient hospital records. SETTING 22 hospitals in North West Thames health region for the fiscal year 1992-3. SUBJECTS All admissions with a principal diagnosis of aortic aneurysm, car...
متن کاملWhen Do Markets Tip? A Cognitive Hierarchy Approach
The market structure of platform competition is critically important to managers and policy makers. While network effects in these markets predict concentrated industry structures, competitive effects and differentiation suggest the opposite. Standard theory offers little guidance– full rationality models have multiple equilibria with wildly varying market concentration. We relax full rationali...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Scientific American
سال: 1922
ISSN: 0036-8733
DOI: 10.1038/scientificamerican0822-116