no incentive to exclude bidders, even if they are nearly certain to default; (iii) buyer reputation systems reward … bidders with a reputation for defaulting, counter to the idea of deterring such behavior. Our auction experiments support …

We develop a theory of collective brand reputation for markets in which product quality is jointly determined by local …

Previous work shows that reputation results may fail in repeated games between two long-run players with equal discount … reputation result. If player 1 is a particular commitment type with positive probability and player 2's actions are imperfectly …

, i.e., a two-sided reputation result would hold. In this note we show that this conjecture is indeed true for a wide set … of stage games for which the one-sided reputation result of Atakan and Ekmekci (2008) holds. …

, there is one-sided reputation building in bargaining, and commitment types on the short side determine the terms of trade …. In a balanced market where the entering flows are equal, there is twosided reputation building in bargaining, and … reputation concerns lead to inefficiency. An equilibrium with persistent delays is constructed. The magnitude of inefficiency is …