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. …

management and the audit effort are decreasing over time because the incentives to build a reputation also decline for both …

may be fired or promoted. This allows us to study how the agent's effort decision depends on his current reputation …---with reputation we refer to the beliefs about the agent's future productivity. We shall show that the market's and the agent …'s problems can be written recursively. We find that the relationship between the agent's decisions and his current reputation is …

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. …

counterpart where such a scheme can never be optimal. Our model also exhibits reputation dynamics which capture a pervasive view …