GOODWILL HUNTING

Goodwill Hunting: An Economically Efficient Online Feedback Mechanism for Environments with Variable Product Quality

Most online feedback mechanisms publish unbiased statistics (usually averages) of past ratings. Such mechanisms fail in environments where the same seller sells products of many different qualities, such as marketplaces of used cars and collectibles. This paper presents a novel feedback management mechanism that succeeds in facilitating efficient transactions in such settings. One particularly ...

Science and International Goodwill

The stochastic goodwill problem

Stochastic control problems related to optimal advertising under uncertainty are considered. In particular, we determine the optimal strategies for the problem of maximizing the utility of goodwill at launch time and minimizing the disutility of a stream of advertising costs that extends until the launch time for some classes of stochastic perturbations of the classical Nerlove-Arrow dynamics. ...

Goodwill in a Great Society

Great Society. By Arthur Radford, Professor of Social Administration, University of Nottingham. Published by the National Council of Social Service, 26 Bedford Square, W.C.I. 19 pp. 2s. In a short but very comprehensive pamphlet, Professor Radford describes the revolution which in the past forty years " has turned from assistance to insurance and from insurance to assurance ", and the fundament...

Goodwill Valuation Approaches, Methods, and Procedures

Financial advisers are often asked to value goodwill within a corporate transaction environment. These goodwill valuations may be performed in the due diligence phase of the corporate transaction for transaction pricing and structuring purposes. These goodwill valuations may be performed in the consummation phase of the corporate transaction—as part of the preparation of a transaction fairness ...