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 …

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 …

Reputation systems aim to induce honest behavior in online trade by providing information about past conduct of users …. Online reputation, however, is not directly connected to a person, but only to the virtual identity of that person. Users can … therefore shed a negative reputation by creating a new account. We study the effects of such identity changes on the efficiency …