Xu, Hong; Chen, Jianqing; Whinston, Andrew B. - In: Economics Letters 100 (2008) 3, pp. 359-362
We study reputations with imperfect audit and a reputation market. The main result shows the existence of a separating equilibrium in the reputation market, which contrasts with Tadelis [Tadelis, S., 2002, The market for reputations as an incentive mechanism, Journal of Political Economy 110(4),...