| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6654 |
| DP6654 Should the Euro Area be Run as a Closed Economy? | |
| Francesco Giavazzi; Carlo A. Favero | |
| 发表日期 | 2008-01-18 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | Arguing that consumers are the carriers of firms? reputations, we examine the role of consumer networks for trust in markets that suffer from moral hazard. When consumers are embedded in a network, they can exchange information with their neighbours about their private experiences with different sellers. We find that such information exchange fosters firms' incentives for reputation building and, thus, enhances trust and efficiency in markets. This efficiency-enhancing effect is already achieved with a rather low level of network density. |
| 主题 | Industrial Organization |
| 关键词 | Consumer network Information conditions Moral hazard Reputation Trust |
| URL | https://cepr.org/publications/dp6654 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535486 |
| 推荐引用方式 GB/T 7714 | Francesco Giavazzi,Carlo A. Favero. DP6654 Should the Euro Area be Run as a Closed Economy?. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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