attention to reputation for quality. This provides empirical support to recent models in behavioral industrial organization that …

attention to reputation for quality. This provides empirical support to recent models in behavioral IO that assume that … eine Reputation für die Qualität ihrer Produkte erwerben können ('experience goods'). Dabei vergleichen wir den … endogen ergeben, mindert Preiswettbewerb die Effizienz, da die Konsumenten der Reputation der Verkäufer hinsichtlich der …

We study the effects of reputation and competition in a stylized market for experience goods. If interaction is … anonymous, such markets perform poorly: sellers are not trustworthy, and buyers do not trust sellers. If sellers are … identifiable and can, hence, build a reputation, efficiency quadruples but is still at only a third of the first best. Adding more …