reputation for skill acquisition and labor market outcomes in an otherwise competitive market. We find that reputation effects …) that arises when schools can enhance their reputation by positively selecting their students. This leads to excess demand …

We develop a theory of the market for individual reputation, an indicator of regard by oneﾒs peers and others. The … central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that … overall quality matters for reputation, does the quality of an individualﾒs most important exposure have an extra effect on …

absence of legal enforcement and reputation formation opportunities the credit market breaks down almost completely while if … reputation formation is possible a stable credit market emerges even in the absence of legal enforcement of debt repayment …