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  1. Reputation vs selection effects in markets with informational asymmetries
    Author: Alysandratos, Theodore; Geōrganas, Sōtērēs; Sutter, Matthias
    Published: November 2022
    Publisher:  ECONtribute, Bonn

    In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 711
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    In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more trustworthy sellers into markets with such mechanisms or because of reputational concerns of sellers. In our field experiment, we can disentangle self-selection from reputation effects. Based on 476 taxi rides with four different types of taxis, we can show strong reputation effects on the prices and service quality of drivers, while there is practically no evidence of a self-selection effect. We discuss policy implications of our findings.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/278254
    Series: ECONtribute discussion paper ; no. 205
    Subjects: information asymmetries; reputation mechanisms; selection effects; credence goods; field experiment
    Scope: 1 Online-Ressource (circa 18 Seiten)
  2. Agglomeration and the Italian North-South divide
    Author: Buzzacchi, Luigi; De Marco, Antonio; Pagnini, Marcello
    Published: [2021]
    Publisher:  Banca d'Italia, [Rom]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 547
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: Questioni di economia e finanza / Banca d'Italia ; number 637 (October 2021)
    Subjects: agglomeration economies; density; total factor productivity; regional disparities; selection effects
    Scope: 1 Online-Ressource (circa 50 Seiten), Illustrationen
  3. Reputation vs selection effects in markets with informational asymmetries
    Author: Alysandratos, Theodore; Geōrganas, Sōtērēs; Sutter, Matthias
    Published: November 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more... more

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    HeiBIB - Die Heidelberger Universitätsbibliographie
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4
    Inter-library loan:
    No inter-library loan

     

    In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more trustworthy sellers into markets with such mechanisms or because of reputational concerns of sellers. In our field experiment, we can disentangle self-selection from reputation effects. Based on 476 taxi rides with four different types of taxis, we can show strong reputation effects on the prices and service quality of drivers, while there is practically no evidence of a self-selection effect. We discuss policy implications of our findings.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/267420
    Series: Discussion paper series / IZA ; no. 15683
    Subjects: information asymmetries; reputation mechanisms; selection effects; credence goods; field experiment
    Scope: 1 Online-Ressource (circa 19 Seiten)
  4. Reputation vs selection effects in markets with informational asymmetries
    Author: Alysandratos, Theodore; Geōrganas, Sōtērēs; Sutter, Matthias
    Published: November 2022
    Publisher:  Max Planck Institute for Research on Collective Goods, Bonn

    In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    HeiBIB - Die Heidelberger Universitätsbibliographie
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 62
    Inter-library loan:
    No inter-library loan

     

    In markets with asymmetric information between sellers and buyers, feedback mechanisms are important to increase market efficiency and reduce the informational disadvantage of buyers. Feedback mechanisms might work because of self-selection of more trustworthy sellers into markets with such mechanisms or because of reputational concerns of sellers. In our field experiment, we can disentangle self-selection from reputation effects. Based on 476 taxi rides with four different types of taxis, we can show strong reputation effects on the prices and service quality of drivers, while there is practically no evidence of a self-selection effect. We discuss policy implications of our findings.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 21.11116/0000-000B-6331-E
    hdl: 10419/274057
    Series: Discussion papers of the Max Planck Institute for Research on Collective Goods ; 2022, 8
    Subjects: information asymmetries; reputation mechanisms; selection effects; credence goods; field experiment
    Scope: 1 Online-Ressource (circa 19 Seiten)
  5. Does group-based incentive pay lead to higher productivity?
    evidence from a complex and interdependent industrial production process
    Author: Frederiksen, Anders; Hansen, Daniel Baltzer Schjødt; Flaherty Manchester, Colleen N.
    Published: January 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using... more

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    Group-based incentive pay is attractive in contexts where production is complex and interdependent, yet freeriding is a paramount concern. We assess the introduction of group-based performance pay in a modern industrial production setting using difference-in-difference estimation. Performance increased by 19 percent, with three quarters coming from increased performance of existing workers and the remaining from selection; workers became more efficient and were absent less often. We find little evidence of freeriding; quantile regressions show increased performance throughout the distribution of workers. Features of the design and implementation process created trust, a common goal, and a shared identity, which limited freeriding.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/250647
    Series: Discussion paper series / IZA ; no. 14986
    Subjects: difference-in-differences; performance pay; group-based incentive; freeriding; incentive effects; selection effects; absenteeism; efficiency; performance; productivity; trust
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  6. Price change synchronization within and between firms
    Author: Nilsen, Øivind Anti; Skuterud, Håvard; Munthe-Kaas Webster, Ingeborg
    Published: August 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper provides evidence on price rigidity at the product- and firm-level in Norway. A strong within-firm synchronization is found supporting the theory of economies of scope in menu costs. The industry synchronization effects are found to be... more

    Access:
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 63
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    This paper provides evidence on price rigidity at the product- and firm-level in Norway. A strong within-firm synchronization is found supporting the theory of economies of scope in menu costs. The industry synchronization effects are found to be small suggesting that firms either have some monopoly power, or that a firm’s costs of changing their own prices may be larger than the benefit of responding to their competitors' price changes. These findings have potentially important implications for the micro-foundations of macroeconomic models, and thus the policy advice derived from such models.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/245455
    Series: CESifo working paper ; no. 9274 (2021)
    Subjects: price setting; monthly micro data; selection effects
    Scope: 1 Online-Ressource (circa 14 Seiten), Illustrationen