be bad based on private and public information. The paper provides a reason for why competition in the ratings industry …

decision makers who are motivated by reputation concerns tend to ‘anti-herding’, i.e., they excessively contradict public …

find that when agents are concerned about their reputation, consultation results in sub-optimal sharing of information … information truthfully. These results are obtained without assuming either a tournament or a competition between decision makers …

In this paper we introduce concepts that build a theoretical notion of reputation risk and establish the need to extend … our approach to managing such risk.. The existing literature on reputation risk has tended to be reactive and focus on … corrosive may present an occasion for creative management. We suggest that proactive reputation risk policies and practices are …

order to preserve its reputation of being a good monitor, may actually distort its lending decisions towards greater laxity … between a country and the IMF. The longer this relationship, the stronger the IMF reputation will be affected in case it …

competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In … particular, this paper shows that when matching is assortative and sellers’ investments precede market competition then … coordination failures. Different types of efficiency arise when buyers undertake investment before market competition. These …

competition, measured as the strength of coverage of a stock from other analysts. The interaction among analysts and investors is …

Focusing on homogeneous beliefs, we can distinguish two commonly shared ideas that, i) the competition between informed … market, i) the informativeness of prices increases with the degree of competition and, ii) the aggregate and individual …