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 …

reputation externalities matter for firms. Our estimates show statistically and economically significant declines in the U … materially harmed the group reputation of "German car engineering" in the United States. …

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 …