current policy choice. Deviating from (exogenous) traditional party policy reduces the credibility of a party in the eyes of … voters of both parties. They get either desensitised or over-sensitised in respect to party credibility which alters the …

Building on the seminal paper of Ordover, Saloner and Salop (1990), I study the role of reputation building on … foreclosure in laboratory experiments. In one-shot interactions, upstream firms can choose to build a reputation by revealing … their price history to the current upstream competitor. In particular, integrated firms can establish a reputation to …

of the employees and analyze, whether commitment by determining the wage contract prior to the competitor is profitable … rent-seeking contests emphasizing that commitment via rent-seeking expenditures is unprofitable in symmetric contests. …

inefficient, time-inconsistent one-shot Nash equilibrium. We find that reputation is a poor substitute for commitment. We then …We implement a repeated version of the Barro-Gordon monetary policy game in the laboratory and ask whether reputation … serves as a substitute for commitment, enabling the central bank to achieve the efficient Ramsey equilibrium and avoid the …

politicians' time preferences. In the non-commitment case, incentive contracts may need to include a golden parachute clause. …