5 papers
Time is Knowledge: What Response Times Reveal
Jean-Michel Benkert, Shuo Liu, Nick Netzer
Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. We provide a general c…
A Theory of Likes
Jean-Michel Benkert, Armin Schmutzler
We study binary, non-strategic ratings when consumer preferences reflect a combination of objective quality differences between products and idiosyncratic taste. A rating then deco…
Strategic Attribute Learning
Jean-Michel Benkert, Ludmila Matyskova, Egor Starkov
A researcher allocates a budget of informative tests across multiple unknown attributes to influence a decision-maker. We derive the researcher's equilibrium learning strategy by s…
Startup Acquisitions: Acquihires and Talent Hoarding
Jean-Michel Benkert, Igor Letina, Shuo Liu
We study how competitive forces may drive firms to inefficiently acquire startup talent. In our model, two rival firms have the capacity to acquire and integrate a startup operatin…
Never-ending Search for Innovation
Jean-Michel Benkert, Igor Letina
We provide a model of investment in innovation that is dynamic, features multiple heterogeneous research projects of which only one potentially leads to success, and in each period…