data. Factors emphasized in the economic theory of agency, notably risk aversion, also shape pay policies but these factors …

Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable … good type. Hence reputation is tradeable, although ownership change is observable. In our model, reputation is an …

physicians have lower participation rates than male physicians plus they are subject to higher occupational mismatch, and (ii …) moonlighting is more frequent among male physicians. In this paper we investigate whether such differences are related to the … university graduates, Spanish physicians are the ones most often coupled to partners with the same educational level and/or same …

reputation for honesty. We characterize conditions under which there exists a 'two-tier equilibrium' in which 'reputable …' auditors refuse bribes offered by clients for fear of losing reputation, while 'disreputable' auditors accept bribes because … even persistent refusal does not create a good reputation. The main findings are: (a) honest auditors charge higher fees …