From Doubt to Devotion: Trials and Learning-Based Pricing

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   Résumé scientifique

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2. Apparenté Pas pertinent

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   Résumé scientifique

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3. Apparenté Pas pertinent

   Covert learning and disclosure

   Matteo Escudé · 2023 · Économie théorique · Résumé IA disponible

   Résumé scientifique

   I study a model of information acquisition and transmission in which the sender's ability to misreport her findings is limited. In equilibrium, the sender only influences the receiver by choosing to remain selectively ignorant, rather than by deceiving her about the discoveries. Although deception does not occur, I highlight how deception possibilities determine what information the sender chooses to acquire and transmit. I then turn to comparative statics, characterizing in which sense the sender benefits from her claims being more verifiable, showing this is akin to increasing her commitment power. Finally, I characterize sender- and receiver-optimal falsification environments.

4. Apparenté Pas pertinent

   Platform-Mediated Competition

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   Résumé scientifique

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5. Apparenté Pas pertinent

   Mechanism Design with Informational Punishment

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   Résumé scientifique

   We introduce \emph{informational punishment} to the design of mechanisms that compete with an exogenous status quo mechanism: Players can send garbled public messages with some delay, and others cannot commit to ignoring them. Optimal informational punishment ensures that full participation is without loss, even if any single player can publicly enforce the status quo mechanism. Informational punishment permits using a standard revelation principle, is independent of the mechanism designer's objective, and operates exclusively off the equilibrium path. It is robust to refinements and applies in informed-principal settings. We provide conditions that make it robust to opportunistic signal des…

6. Apparenté Pas pertinent

   The Relationship between Consumer Theories with and without Utility Maximization

   Yuhki Hosoya · 2024 · Économie théorique · Résumé IA disponible

   Résumé scientifique

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7. Apparenté Pas pertinent

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   Kirneva Margarita, Núñez Matías · 2023 · Économie théorique · Résumé IA disponible

   Résumé scientifique

   We design a mechanism, Majority voting with random checks, that fully implements the majority rule for binary social decisions. After a simultaneous vote over the two options, the winner must be confirmed by at least one agent from a random sample of agents voting sequentially. The mechanism incentivizes agents to act truthfully as a lottery is held if no agent confirms the outcome. Our mechanism also reduces by almost half the number of stages required for implementation. Furthermore, we extend our results to incomplete information and abstention and introduce additional implementation mechanisms based on the concept of network formation

8. Apparenté Pas pertinent

   The effects of incentives, social norms, and employees' values on work performance

   Michael Roos, Jessica Reale, Frederik Banning · 2021 · Économie théorique · Résumé IA disponible

   Résumé scientifique

   This agent-based model contributes to a theory of corporate culture in which company performance and employees' behaviour result from the interaction between financial incentives, motivational factors and endogenous social norms. Employees' personal values are the main drivers of behaviour. They shape agents' decisions about how much of their working time to devote to individual tasks, cooperative, and shirking activities. The model incorporates two aspects of the management style, analysed both in isolation and combination: (i) monitoring efforts affecting intrinsic motivation, i.e. the firm is either trusting or controlling, and (ii) remuneration schemes affecting extrinsic motivation, i.e…