Is the reputation of a firm tradable when the change in ownership is observable? We consider a competitive market in … owner's type, which reflects the quality of the good or service provided, through experience. After observing an ownership …-value customers. Hence reputation is a tradable intangible asset, although ownership change is observable. …

Consider a two-product firm that decides on the quality of each product. Product quality is unknown to consumers. If … the firm sells both products under the same brand name, consumers adjust their beliefs about quality subject to the … performance of both products. We show that if the probability that low quality will be detected is in an intermediate range, the …

complements problem but not the double mark-up problem. Vertical integration discourages entry and reduces innovation incentives …, while horizontal integration always encourages entry and innovation. …

Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer …

The paper studies procurement contracts with pre-project investigations in the presence of adverse selection and moral …

We consider procurement of an innovation from heterogeneous sellers. Innovations are random but depend on unobservable … effort and private information. We compare two procurement mechanisms where potential sellers first bid in an auction for … and innovations. In these equilibria, signaling in the entry auction does not occur since contestants play a simple …

This paper studies the interaction between financially constrained and financially strong firms on a procurement market …. It characterizes and discusses a procurement agency's optimal response when faced with financially asymmetric firms. By …

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … use of negotiations as a procurement mechanism in private industry. …