首页    期刊浏览 2024年09月20日 星期五
登录注册

文章基本信息

  • 标题:The Superiority of Tough Reviewers in a Model of Simultaneous Sales
  • 本地全文:下载
  • 作者:Gill, D. Sgroi, D.
  • 期刊名称:Cambridge Working Papers in Economics / Faculty of Economics ; Department of Applied Economics
  • 出版年度:2003
  • 卷号:1
  • 出版社:Cambridge University
  • 摘要:

    Abstract: This paper considers the impact of reviewers on the sale of a product of unknown quality. Sales occur simultaneously after an initial review by an unbiased, pessimistic or optimistic reviewer and we examine the impact on sales in each case. We find that counter-intuitively a pessimistic reviewer is best for the firm's profits regardless of the quality of the product. An endorsement by such a pessimist provides an excellent signal of the product's quality, while consumers expect the reviewer to fail to endorse, so receiving no endorsement will not impact too heavily on the firm's expected profits. This asymmetric impact provides a strong explanation for the stylized fact that reviewers are often viewed as being very critical.

  • 关键词:private information, reviewers, bias, simultaneous sales, marketing
国家哲学社会科学文献中心版权所有