Showing 51 - 60 of 49,690
This paper considers the e effcts of a two-period interaction on the decision of a principal to delegate authority to a potentially biased but better informed agent. Compared to the (repeated) one-period case, the agent's first period actions may also signal his type which in turn impacts wages...
Persistent link: https://www.econbiz.de/10010287567
We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
Persistent link: https://www.econbiz.de/10011504361
We consider an infinitely repeated game in which a privately informed, long-lived manager raises funds from short-lived investors in order to finance a project. The manager can signal project quality to investors by making a (possibly costly) forward-looking disclosure about her project's...
Persistent link: https://www.econbiz.de/10011507306
Does a worker who had a successful career have stronger or weaker incentives to manipulate his reputation than a worker … employment histories that lead to the same worker's reputation. (With reputation we refer to beliefs about the worker's future … productivity.) We show that, typically, workers with a better reputation have stronger incentives than workers with a worse …
Persistent link: https://www.econbiz.de/10013096875
This paper studies the reputation effect in which a long-lived player faces a sequence of uninformed short …
Persistent link: https://www.econbiz.de/10013087097
This paper is inspired by real-world phenomena that firms lose customers based on imprecise information and take a long time to recover. If consumers are playing an ordinary repeated game with fixed partners, there is no clear reason why recovery slowly happens. However, if consumers are playing...
Persistent link: https://www.econbiz.de/10013070352
I study how a firm manages its reputation by investing in the quality of its product and censoring bad news. Without …
Persistent link: https://www.econbiz.de/10012842093
This paper examines the workings of reputational contract enforcement when the community can only observe that a partnership has ended, not the reason why. Agents match in partnerships to engage in a transaction with two-sided moral hazard. After one transaction, they can choose to stay with the...
Persistent link: https://www.econbiz.de/10012729866
I study reputation effects under uncertain monitoring. I examine a repeated game between a long-run player and a series … uncertainty about the monitoring structure introduces new challenges to reputation building because there may not be a direct … ability to establish a reputation for commitment. I show that, when the short-run players cannot statistically distinguish …
Persistent link: https://www.econbiz.de/10012909525
We study a firm's incentives to build and maintain reputation for quality, when quality is persistent and can be … investment– depend only on the firm's reputation. MPE vary in frequency of certification and payoffs, but are generally …
Persistent link: https://www.econbiz.de/10012968136