Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable … good type. Hence reputation is tradeable, although ownership change is observable. In our model, reputation is an …

I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …

This paper considers the effects of an interim performance evaluation on the decision of a principal to delegate … decision authority and to increase their wages in later periods (in case of public evaluation). We show that the principal … always profits from a private evaluation while a public evaluation is only beneficial if the corresponding wage effects are …

equilibria share some features with the ones of multi-sided reputation models. …

I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …

emerging economies. We show that governments in emerging economies are more concerned about their reputation and tend to ride … that would help prevent potential crises. We provide evidence of the relevance of this reputation mechanism. …

interval that contains her actual type. Theory predicts that when facing a possibly naive receiver, the sender discloses an …, disclosure. Both theory and experimental data further suggest that imposing precision improves overall information transmission …