make a voluntary payment, a bonus, after observing advice quality. While the combination of competition and reputation …. Thus, our results suggest that a voluntary component can act as a substitute for either competition or reputation …

reputation cannot credibly commit to exerting effort when working alone. However, by hiring and working with juniors of uncertain … reputation, seniors will have incentives to exert effort. Incentives for young agents arise from a concern for their own … reputation (and the opportunity to take over the firm) but older agents work for the reputation of their firms (and the …

Does a worker who had a successful career have stronger or weaker incentives to manipulate his reputation than a worker … employment histories that lead to the same worker's reputation. (With reputation we refer to beliefs about the worker's future … productivity.) We show that, typically, workers with a better reputation have stronger incentives than workers with a worse …