We analyze situations in which an expert is biased toward some decision but cares also about his reputation in the … market for experts. The information the expert reveals decreases as his bias moves toward stronger preference for the status … if reports are not public. Finally, sequential consultation of experts reduces the information obtained when reports are …

This paper analyses the market for professional (expert) services where the experts are motivated by reputational … characteristics can induce clients to choose between experts with different reputations. The paper shows that clients choices have an … important impact on the incentives of experts to provide a high quality service. In particular, sorting of clients affects …

toward some favoured decision but cares also about its reputation on the market for experts. We then analyse the … on experts biased against the status quo. We also show that it is optimal to publically disclose the expert report …

We analyze how financial experts influence asset prices in a sequential trading model. In the model, an expert of … information about the expert's ability is private to traders and only revealed through trades. When the expert's reputation is …

process is proved by using martingale techniques, an expression of ruin probability is obtained, and bounds for ruin …