. We show that this “reputation inflation” is the equilibrium outcome of a model in which (a) inferences made by future …

In this paper we develop a theory of patenting in which a firm preserves its reputation to only apply for a patent … reputation to be preserved in equilibrium and analyze which market environments are favorable for such an equilibrium to exist …

into the mission-oriented or private sector with motivated agents who also value the collective reputation of their place … high-reputation, low-wage equilibrium and a low-reputation, high-wage equilibrium, which raises the question of how an … from a low-reputation to a high-reputation steady state: Importantly, the effect of wages on motivation depend on the …

opportunistic behavior, but may cause the manager to pursue conservative courses of action to preserve his reputation. This …

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

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 …