This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show …

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 …

Reputation concerns can discipline agents to take costly effort and generate good outcomes. But what if outcomes are … not always observed? We consider a model of reputation with shifting observability, and ask how this affects agents … reputation incentives and encourage effort. If an agent anticipates that outcomes may not be observed in the future, the benefits …

This article deals with the issue of entry into an industry where firms share a collective reputation. First, we show …