Isolating the Symbolic Implications of Employee Mobility: Price Increases after Hiring Winemakers from Prominent Wineries
研究发现，酒庄从知名竞争对手雇佣酿酒师后，新酿酒师到任时上市的葡萄酒价格显著高于前一年，但质量无差异，这揭示了员工流动的纯粹象征性效应。
Because wines are aged for several years before they are released, newly hired winemakers arrive as wines made by their predecessors enter the market. An analysis of winemaker hiring events reveals that wines released right after a new winemaker's arrival from a prominent competitor are priced significantly higher than corresponding wines released in the preceding year. However, the wines released before and after the hiring event are indistinguishable in terms of quality. These findings isolate a “purely symbolic” effect of employee mobility, which affirm sociological accounts of markets—under conditions of uncertainty, inter-organizational affiliations condition producers' returns to quality demonstrations.