reputation for honesty. We characterize conditions under which there exists a 'two-tier equilibrium' in which 'reputable …' auditors refuse bribes offered by clients for fear of losing reputation, while 'disreputable' auditors accept bribes because … even persistent refusal does not create a good reputation. The main findings are: (a) honest auditors charge higher fees …

The paper analyses credibility and reputation in the context of peace negotiations. Where war provides economic gains …

, by grading honestly, a school can build up reputation. Introducing a concern for reputation into an established signaling …

reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public …

This paper derives conditions under which reputation enables certifiers to resist capture. These conditions alone have … natural monopoly. 3) Price competition tends to a monopolization. The results derive from a general principle of reputation … efficient market institutions that sell reputation as a service to other firms. …