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Economic models of reputation make strong assumptions about the information available to players.  In particular, it is … observe in the real world.  We build a model of reputation with more realistic assumptions about the partial knowledge of the …
Persistent link: https://www.econbiz.de/10009291911
-weighted information may be maximized by a different regime, in which all replying is anonymous. Reputation effects play a key role in our …
Persistent link: https://www.econbiz.de/10010604981
A standard “solution” offered to the deleterious effects of all-out price competition is for firms to engage in differentiation strategies. This solution, however, depends critically on the inability of rivals to imitate a successful differentiation strategy. With imitation, we show how...
Persistent link: https://www.econbiz.de/10005795885
collective reputation with the wider membership of her cabinet; we show that heterogeneity of cabinet membership can play an …
Persistent link: https://www.econbiz.de/10005047938
In the reputation model of Klein and Leffler (1981) firms refrain from cutting quality or price because if they did …
Persistent link: https://www.econbiz.de/10005453598
changed at zero cost.  This paper examines the reputation mechanisms that keep this market working and considers whether they …
Persistent link: https://www.econbiz.de/10011133067
The Klein-Leffler model explains how the benefit of future reputation can induce firms to produce high quality … experience goods, either in a monopoly or an industry with competing firms. We show that reputation can be leveraged across …
Persistent link: https://www.econbiz.de/10011096403