Collective reputation implies an important externality. Among firms trading internationally, quality shocks about one … noninspected firms. These findings highlight the importance of collective reputation in international trade and the challenges … governments might face in signaling quality and restoring trust. Finally, we investigate potential mechanisms that could mediate …

Product-recall data and information on stock-price reactions to recalls are used to estimate the value of reputation in … occurs. We estimate that reputation accounts for 8.3 percent of firm value and that welfare is 26 percent of its first best …

In a world of imperfect information, reputations often guide the sequential decisions to trust and to reward trust. We … consider two-player situations where the players meet but once. One player - the truster - decides whether to trust, and the … the number of black marks does not prolong trust beyond black marks alone. Finally, we consider more general summary …

which firms slant their reports toward the prior beliefs of their customers in order to build a reputation for quality. Bias …

rate of return by saving abroad. Bulow and Rogoff conjecture that, even under condition (ii), in more general reputation … models with multiple relationships and spillover across them, reputation may support debt. This paper shows what is needed …

firm invests, and the market shuts down. Learning introduces reputation incentives such that a fraction of entrants do … invest. If the market operates with spot prices, simple regulation can enhance the role of reputation to induce investment …

conflict of interest within a movie aggregator does not lead to bias either. We conclude that media reputation in this …

Both individual experiences and community characteristics influence how much people trust each other. Using data drawn … from US localities we find that the strongest factors that reduce trust are: i) a recent history of traumatic experiences … disparity. Religious beliefs and ethnic origins do not significantly affect trust. The latter result may be an indication that …

We develop a theory of trust in lending, distinguishing between trust and reputation, and use it to analyze the … financing, whereas a loss of investor trust makes this access conditional on market conditions and lender reputation. Banks … competitive interactions between banks and non-bank lenders (fintech firms). Trust enables lenders to have assured access to …