| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28009 |
| 来源ID | Working Paper 28009 |
| Product Recalls and Firm Reputation | |
| Boyan Jovanovic | |
| 发表日期 | 2020-11-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Product-recall data and information on stock-price reactions to recalls are used to estimate the value of reputation in a model in which product quality is not contractible. A recall is the result of a product defect that signals low effort. The recall triggers a reduction in the firm's product price and value which then both rise steadily until its next defect occurs. We estimate that reputation accounts for 8.3 percent of firm value and that welfare is 26 percent of its first best level. A policy intervention that attains first best is a recall tax accompanied by a flow subsidy. |
| 主题 | Industrial Organization ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w28009 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585683 |
| 推荐引用方式 GB/T 7714 | Boyan Jovanovic. Product Recalls and Firm Reputation. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28009.pdf（459KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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