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 …

. 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 …

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 …

national parliament cannot, without undermining its own legitimacy, allow the results of a constitutional referendum to be …

(over-)reliance on religious legitimacy, use of slave soldiers, and persistence of restrictive proscriptions of religious …

legitimacy of organizational structure. To this end, we design a laboratory experiment in which we exogenously manipulate the … organizational structure in a way that leaves the incentives of all individuals unaffected, but changes the perceived legitimacy of … incentive effects and that the observed changes are significantly associated with changes in perceived legitimacy. …

This paper looks at how the reputation of a monetary policy making committee is jointly determined with the reputations … of its individual members. I ask whether individuals ha ve more or less incentive to gain a reputation for being tough on …

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