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Record W2094814504 · doi:10.1111/0008-4085.00052

Switching costs and screening efficiency of incomplete contracts

2000· article· fr· W2094814504 on OpenAlexvenueno aff
Mehmet Baç

Bibliographic record

VenueCanadian Journal of Economics/Revue canadienne d économique · 2000
Typearticle
Languagefr
FieldEconomics, Econometrics and Finance
TopicLaw, Economics, and Judicial Systems
Canadian institutionsnot available
Fundersnot available
KeywordsWelfare economicsMicroeconomicsNegotiationHumanitiesEconomicsPolitical sciencePhilosophyLaw

Abstract

fetched live from OpenAlex

We study the role of switching costs in a dynamic buyer‐seller relationship where quality is not contractible and the sellers retain private information about their quality‐relevant abilities. In this environment buyer switching costs increase the seller's bargaining power in negotiations for the second contract, but they also induce the seller to improve quality during the first ontract, in signalling his type. The overall effect is to enhance efficiency and ncrease the buyer's welfare. This beneficial effect stems from the link between quality, the buyer's posterior beliefs, and ex post distribution of bargaining power as a function of the switching cost. JEL Classification: L14 L'auteur étudie le rôle des coûts de commutation dans une relation dynamique acheteur‐vendeur où la qualité de la prestation ne peut être partie du contrat, et où les vendeurs peuvent rationner l'information quant à leurs compétences à livrer un produit de qualité. Dans ce contexte, les coûts de commutation de l'acheteur accroissent le pouvoir de marchandage du vendeur dans la négociation du second contrat, mais ils peuvent aussi inciter le vendeur à améliorer la qualité au cours du premier contrat pour signaler ses compétences à l'acheteur. L'effet global est d'améliorer l'efficacité et d'accroître le bien‐être de l'acheteur. Cet effet bénéfique émerge du lien entre la qualité, les croyances de l'acheteur a posteriori, et la répartition du pouvoir de négociation ex post en tant que fonction des coûts de commutation.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.015
metaresearch head score (Gemma)0.083
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: Theoretical or conceptual
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.015
Threshold uncertainty score0.079

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0150.083
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0020.002
Bibliometrics0.0030.003
Science and technology studies0.0010.004
Scholarly communication0.0050.006
Open science0.0030.003
Research integrity0.0030.002
Insufficient payload (model declined to judge)0.0150.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.090
GPT teacher head0.179
Teacher spread0.089 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations9
Published2000
Admission routes1
Has abstractyes

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Same venueCanadian Journal of Economics/Revue canadienne d économiqueSame topicLaw, Economics, and Judicial SystemsFrench-language works237,207