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 …

leader concerned about his reputation may therefore prefer to work with a person unlikely to do Right. -- Reputation ; team …

This paper studies the reliability of financial reporting when the credibility of the manager, represented by his … misreporting propensity, is unknown. We show that credibility concerns affect the time-series of reported earnings, book values …, and stock prices in ways that seem consistent with empirical evidence. When investors are uncertain about the credibility …

(individual rating), the credibility of a good rating in an inflationary equilibrium of the signaling game is limited by the … average level of credibility for its good ratings than in individual rating. In decentralized rating, the ratings are again … degree of rating inflation and hence a greater level of credibility than in individual rating. Comparing centralized rating …

provision at all or induce a complementary relationship between both lobbying instruments. -- Experts ; Influence ; Credibility …