We experimentally examine the effects of price competition in markets for experience goods where sellers can build up … reputations for quality. We compare price competition to monopolistic markets and markets where prices are exogenously fixed … prices are fixed or endogenously chosen, we find that price competition lowers efficiency as consumers pay too little …

trust and a variety of related concepts, including reputation, implicit contracts and confidence is examined. The links …The 1990s have witnessed a vast growth of research on the topics of trust and learning. This can be explained by the … profound technological and organizational changes that have made both inter-and intra-firm trust indispensable for sustaining …