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• W2626156711 abstract "We analyze the effect of communicating distorted signals by interdependent agents who hold different levels of trust and make repeated decisions, independently and simultaneously, and who learn from each other. We found that in a duopoly model differential levels of misrepresentation and trust of firms have notable and non-trivial effects on profitability. With asymmetric misrepresentation, when the firms have both 1st and 2nd order trust, we find that the firm that misrepresents more gains more, whereas when the firms have 2nd order trust but no 1st order trust, the firm that misrepresents less gains more. We also discuss the effects of firms having different combinations of trust levels. Finally, we conclude with implications and limitations of our findings." @default.
• W2626156711 created "2017-06-23" @default.
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• W2626156711 date "2014-01-01" @default.
• W2626156711 modified "2023-09-25" @default.
• W2626156711 title "Strategic Signalling: How Misrepresentation and Trust Influence Profitability in Competitive Settings" @default.
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• W2626156711 hasPublicationYear "2014" @default.
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