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a firm with a low reputation to reestablish itself. But, the ability to promote can crowd out incentives for investment … at high reputations; the firm allows its reputation to decay more before it is renewed relative to a firm motivated by …
Persistent link: https://www.econbiz.de/10012855106
We study a firm's incentives to build and maintain reputation for quality, when quality is persistent and can be … investment– depend only on the firm's reputation. MPE vary in frequency of certification and payoffs, but are generally …
Persistent link: https://www.econbiz.de/10012968136
A patient seller faces a sequence of buyers and decides whether to build a reputation for supplying high quality … results provide an explanation to empirical findings of reputation failures in developing countries. I also discuss the …
Persistent link: https://www.econbiz.de/10012831327
This paper studies the reputation effect in which a long-lived player faces a sequence of uninformed short …
Persistent link: https://www.econbiz.de/10013087097
of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome …. Further, any report hurts the forecaster's reputation in the short run, with later reports incurring larger penalties. The … reputation of a silent forecaster, on the other hand, gradually improves over time …
Persistent link: https://www.econbiz.de/10012859563
Recent empirical studies suggest that, during times of unexpected innovation, agents heterogeneously update their beliefs about an asset fundamental value, and they are uncertain about other agents' beliefs on it. In this paper I show that, when there is uncertainty about the market sentiment,...
Persistent link: https://www.econbiz.de/10012919293
We study a canonical model of reputation between a long-run player and a sequence of short-run opponents, in which the … long-run player is privately informed about an uncertain state that determines the monitoring structure in the reputation … sufficient conditions (on the monitoring structure and the type space) to obtain reputation building in this setting …
Persistent link: https://www.econbiz.de/10012990091
By bundling experience goods, a manufacturer can more easily maintain a reputation for high quality over time. Formally …
Persistent link: https://www.econbiz.de/10014203562
monopolistic certifier can be hump-shaped in its reputation for accuracy: a higher accuracy attracts high-quality sellers but … one certifier, competition plays a disciplining role and the region where reputation is bad shrinks. Conversely, this …
Persistent link: https://www.econbiz.de/10013007814
behavior a reputation system is particularly important to reduce information asymmetries about the quality of the offered … product or service. In this study we examine the effectiveness of a reputation system to reduce information asymmetries when … choices and short-lived customers are asked to evaluate the observed quality by providing ratings to a reputation system. The …
Persistent link: https://www.econbiz.de/10012949216