We develop a theory of the market for individual reputation, an indicator of regard by one’s peers and others. The … central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that … overall quality matters for reputation, does the quality of an individual’s most important exposure have an extra effect on …

We develop a theory of the market for individual reputation, an indicator of regard by oneﾒs peers and others. The … central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that … overall quality matters for reputation, does the quality of an individualﾒs most important exposure have an extra effect on …

function adjusted to account for the heterogeneity of claims and the time dependence suggested by theory. Statistical tests are …