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invest. If the market operates with spot prices, simple regulation can enhance the role of reputation to induce investment … firm invests, and the market shuts down. Learning introduces reputation incentives such that a fraction of entrants do …
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This study examines a reputation-concerned entrepreneur’s incentives to provide disaggregated information about a …
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effect.” To that end, we develop a formal model to gain insight into the role of reputation in the enforcement and deterrence …
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