نتایج جستجو برای: ایزو طبقهبندی jel l15

تعداد نتایج: 28582  

2002
Arnold Chassagnon Bertrand Villeneuve

The present paper thoroughly explores second-best efficient allocations in an adverse selection insurance economy. We start from a natural extension of the classical model, assuming less than perfect risk perceptions. We propose first and second welfare theorems, by means of which we describe efficiencyenhancing policies. Notions of weak and strong adverse selection are promising for interpreti...

2009
Philippe Choné Ching-to Albert Ma

We model asymmetric information arising from physician agency, and its effect on the design of payment and health care quantity. The physician-patient coalition aims to maximize a combination of physician profit and patient benefit. The degree of substitution between profit and patient benefit in the physician-patient coalition is the physician’s private information, as is the patient’s intrins...

2001
Richard Chisik

For a firm without a readily identifiable brand name, quality reputation may solely reflect the country of origin. In this paper we endogenize country-of-origin reputations and show that these selffulfilling reputations determine not only the average quality of a country’s exports but also the type of products in which a country specializes. Hence, the pattern of international trade can be dete...

2004
Tobias Kretschmer

Microsoft has been dominating the market for PC operating systems (OS) for the last two decades. This paper analyzes the decision of …rms to standardize on the mainstream OS family and assesses whether upgrading to the latest version within the MS family is a substitute for using niche OS. We address the following questions: 1) How likely is a …rm to standardize on the Microsoft family? 2) How ...

2012
Vera Angelova Tobias Regner Christoph Göring

The market for retail financial products (e.g. investment funds or insurances) is marred by information asymmetries. Clients are not well informed about the quality of these products. They have to rely on the recommendations of advisors. Incentives of advisors and clients may not be aligned, when fees are used by financial institutions to steer advice. We experimentally investigate whether volu...

2010
V. Joseph Hotz Mo Xiao Alberto Bernardo Hongbin Cai Harold Demsetz Ginger Jin Phillip Leslie Bentley MacLeod Robert Porter John Riley Michael Rothschild Kenneth Sokoloff Mark Stegeman

We examine the incentives for firms to voluntarily disclose otherwise private information about the quality attributes of their products. In particular, we focus on the case of differentiated products with multiple attributes and heterogeneous consumers. We show that there exist certain configurations of consumers’ multi-dimensional preferences under which a firm, no matter whether producing a ...

2014
Sangeeta Bansal

Using a vertically di↵erentiated product model, the paper aims to investigate the e↵ects of economic growth on market provision of product quality. The quality attribute considered is environmental-friendliness of products. Economic growth is modeled as a shift in income distribution. It shows that the e↵ect of economic growth depends on the form it takes. A growth in income that is uniform acr...

2010
V. Joseph Hotz Mo Xiao

We examine the incentives for firms to voluntarily disclose otherwise private information about the quality attributes of their products. In particular, we focus on the case of differentiated products with multiple attributes and heterogeneous consumers. We show that there exist certain configurations of consumers’ multi-dimensional preferences under which a firm, no matter whether producing a ...

2015
Michael Kummer Patrick Schulte Sang-Pil Han Andres Hervas Imke Reimers Rahul Telang

We study the role of privacy in the market for mobile applications. For such programs used with smartphones and tablet PCs a very important market has emerged. Yet, neither the role of privacy on that market is well understood, nor do we have empirical evidence regarding its role therein. We exploit data on 300,000 mobile applications and almost 600 “applications-pairs” to analyze both sides of...

2015
Pak Hung Au Yuk-fai Fong

Reputation is a valuable asset to firms, yet the impact of corporate governance of reputationreliant firms is underexplored. This paper investigates how a firm’s reputation in the product market responds to a change in its controlling shareholder, and derives the optimal firm ownership and control structure. We consider a dynamic model of an experience-goods firm, in which a controlling shareho...

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