In this paper, we examine the empirical implications of reputation formation using a game-theoretic model of intra …-familial interactions. We consider parental reputation in repeated two-stage games in which daughters' decision to have a child as a … work of Milgrom and Roberts (1982) and Kreps and Wilson (1982) on reputation in repeated games, we show that parents have …

This paper presents a continuous-time reputation model of sovereign debt allowing for both varying levels of partial … government's reputation is its equilibrium Bayesian posterior of being the commitment type. Our equilibrium has that for bond …

its trust worthy reputation. A trustworthy reputationis valuable because it provides continued access to loans. A key … than the long-run costs from loss of a trustworthy reputation. Thus, although sovereigns sometimes excusably default, they …

characteristics produce structures utilizing reputation …