We study the role of information about the multiplier in a finitely repeated investment game. A high multiplier increases the reputational incentives of a trustee, leading to more repayments. Our perfect Bayesian equilibrium analysis shows that if the trustee is privately informed about the...

On the last decades, European countries have increased their focus on local production systems as a matter of industrial policy measures. Based on the works related to industrial districts of Becatini (1989), Brusco (1990), Ybarra (1991 and 1996) and Dei Ottati (1994), or the later contributions...