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Quality Disclosure Under Consumer Loss Aversion
16 references·16 citing·37 second hopsampled
Quality Disclosure Under Consumer Loss Aversion (2020)Quality Disclosure Under Consumer Loss Av…A Structural Analysis of Disappointment Aversion in a Real Effort Competition (2012)A Structural Analysis of Disa…Reference Points and Effort Provision (2011)Reference Points and Effort P…Quality Disclosure and Certification: Theory and Practice (2010)Quality Disclosure and Certif…Reference-Dependent Risk Attitudes (2007)Reference-Dependent Risk Atti…A Model of Reference-Dependent Preferences (2006)A Model of Reference-Dependen…Risk Aversion and Incentive Effects (2002)Risk Aversion and Incentive E…A Theory of Disappointment Aversion (1991)A Theory of Disappointment Av…Price and Advertising Signals of Product Quality (1986)Price and Advertising Signals…Disappointment in Decision Making Under Uncertainty (1985)Disappointment in Decision Ma…Advertising as a Signal (1984)Advertising as a SignalThe Informational Role of Warranties and Private Disclosure about Product Quality (1981)The Informational Role of War…Good News and Bad News: Representation Theorems and Applications (1981)Good News and Bad News: Repre…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Advertising as Information (1974)Advertising as InformationAspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Risk Aversion in the Small and in the Large (1964)Risk Aversion in the Small an…Retention or Acquisition? Behavior-Based Quality Disclosure (2025)Retention or Acquisition? Beh…What limits improper bike-sharing parking most: Penalties or incentives? Findings from an online behavioral experiment (2024)What limits improper bike-sha…Research on the impact of information sharing and government subsidy on competitive power battery recycling (2024)Research on the impact of inf…Manufacturer encroachment through live streaming considering consumer disappointment aversion (2024)Manufacturer encroachment thr…How to leverage blockchain to react to consumer reference effects and develop a distribution strategy in online retailing? (2024)How to leverage blockchain to…Counterfeit Competition With Strategic Consumers (2024)Counterfeit Competition With …The interactions between upstream quality disclosure and downstream entry (2023)The interactions between upst…Hiding or disclosing? Information discrimination in member-only discounts (2023)Hiding or disclosing? Informa…Quality information disclosure with retailer store brand introduction in a supply chain (2022)Quality information disclosur…Quality information disclosure and advertising strategy in a supply chain (2022)Quality information disclosur…Pricing and quality decisions with conspicuous consumers (2022)Pricing and quality decisions…Managing digital piracy under consumer valuation uncertainty: The roles of product demonstrations and antipiracy measures (2022)Managing digital piracy under…The impact of platform restriction on manufacturer quality transparency in the blockchain era (2021)The impact of platform restri…Quality disclosure in a competitive environment with consumer’s elation and disappointment (2021)Quality disclosure in a compe…Dual-channel recycling e-waste pricing decision under the impact of recyclers’ loss aversion and consumers’ bargaining power (2021)Dual-channel recycling e-wast…Dilemma of quality information disclosure in technology licensing (2021)Dilemma of quality informatio…Golden Eggs and Hyperbolic Discounting (1997)A perspective on judgment and choice: Mapping bounded rationality. (2003)Psychology and Economics: Evidence from the Field (2009)Salience Theory of Choice Under Risk (2012)Thirty Years of Prospect Theory in Economics: A Review and Assessment (2013)COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS (1961)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Moral Hazard and Observability (1979)An Analysis of the Principal-Agent Problem (1983)Aggregation and Linearity in the Provision of Intertemporal Incentives (1987)The Theory of Incentives: The Principal-Agent Model (2001)Prospect theory: An analysis of decision under risk (1988)Dynamic Asset Pricing Theory. (1993)Investor Psychology and Asset Pricing (2001)The jump-risk premia implicit in options: evidence from an integrated time-series study (2002)Information and Consumer Behavior (1970)Job Market Signaling (1973)Consumer Perceptions of Price, Quality, and Value: A Means-End Model and Synthesis of Evidence (1988)WHAT'S IN A NAME? REPUTATION BUILDING AND CORPORATE STRATEGY. (1990)Corporate social responsibility and access to finance (2013)Crime and Punishment: An Economic Approach (1968)A Conceptual Model of Service Quality and Its Implications for Future Research (1985)Corporate Social Responsibility: A Theory of the Firm Perspective (2001)Risk Aversion in the Small and in the Large (1976)Oxytocin increases trust in humans (2005)Gender Differences in Preferences (2009)INDIVIDUAL RISK ATTITUDES: MEASUREMENT, DETERMINANTS, AND BEHAVIORAL CONSEQUENCES (2011)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Voluntary disclosure with a strategic opponent (1990)Investor psychology in capital markets: evidence and policy implications (2002)The Economics of Privacy (2016)The Framing of Decisions and the Psychology of Choice (1981)Advances in prospect theory: Cumulative representation of uncertainty (1992)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The arbitrage theory of capital asset pricing (1976)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 2002Risk Aversion and Incentive Effects5,973 cited
  • 1964Risk Aversion in the Small and in the Large4,964 cited
  • 1974Advertising as Information3,430 cited
  • 1981Good News and Bad News: Representation Theorems and Applications3,198 cited
  • 2006A Model of Reference-Dependent Preferences2,726 cited
  • 1981The Informational Role of Warranties and Private Disclosure about Product Quality2,491 cited
  • 1986Price and Advertising Signals of Product Quality2,284 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 1991A Theory of Disappointment Aversion1,343 cited
  • 1985Disappointment in Decision Making Under Uncertainty1,260 cited
  • 2007Reference-Dependent Risk Attitudes1,028 cited
  • 2011Reference Points and Effort Provision848 cited
  • 2010Quality Disclosure and Certification: Theory and Practice741 cited
  • 2012A Structural Analysis of Disappointment Aversion in a Real Effort Competition674 cited
  • 1984Advertising as a Signal614 cited

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Cited by

  • 2021Dilemma of quality information disclosure in technology licensing58 cited
  • 2021The impact of platform restriction on manufacturer quality transparency in the blockchain era50 cited
  • 2023The interactions between upstream quality disclosure and downstream entry46 cited
  • 2024Research on the impact of information sharing and government subsidy on competitive power battery recycling39 cited
  • 2021Quality disclosure in a competitive environment with consumer’s elation and disappointment35 cited
  • 2022Quality information disclosure with retailer store brand introduction in a supply chain31 cited
  • 2024How to leverage blockchain to react to consumer reference effects and develop a distribution strategy in online retailing?25 cited
  • 2024Manufacturer encroachment through live streaming considering consumer disappointment aversion25 cited
  • 2021Dual-channel recycling e-waste pricing decision under the impact of recyclers’ loss aversion and consumers’ bargaining power18 cited
  • 2024Counterfeit Competition With Strategic Consumers17 cited
  • 2022Quality information disclosure and advertising strategy in a supply chain17 cited
  • 2023Hiding or disclosing? Information discrimination in member-only discounts16 cited
  • 2022Managing digital piracy under consumer valuation uncertainty: The roles of product demonstrations and antipiracy measures13 cited
  • 2022Pricing and quality decisions with conspicuous consumers12 cited
  • 2025Retention or Acquisition? Behavior-Based Quality Disclosure11 cited
  • 2024What limits improper bike-sharing parking most: Penalties or incentives? Findings from an online behavioral experiment7 cited