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A patient seller faces a sequence of buyers and decides whether to build a reputation for supplying high quality … results provide an explanation to empirical findings of reputation failures in developing countries. I also discuss the …
Persistent link: https://www.econbiz.de/10012831327
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
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
a firm with a low reputation to reestablish itself. But, the ability to promote can crowd out incentives for investment … at high reputations; the firm allows its reputation to decay more before it is renewed relative to a firm motivated by …
Persistent link: https://www.econbiz.de/10012855106
To analyze strategic interactions arising in the cyber-security context, we develop a new reputation game model in …
Persistent link: https://www.econbiz.de/10013297152
We study a canonical model of reputation between a long-run player and a sequence of short-run opponents, in which the … long-run player is privately informed about an uncertain state that determines the monitoring structure in the reputation … sufficient conditions (on the monitoring structure and the type space) to obtain reputation building in this setting …
Persistent link: https://www.econbiz.de/10012990091
The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly interact in social-learning settings with distinct information structures. In each round of interaction, they use their experience gained in past rounds to draw inferences from...
Persistent link: https://www.econbiz.de/10011434567
A monopolist uses prices as an instrument to influence consumers' belief about the unknown quality of its product. Consumers observe prices and sales in earlier periods to learn about the product. Every period they decide whether to consume the product or to wait for a lower price in future. We...
Persistent link: https://www.econbiz.de/10013065803
We study market dynamics when an owner learns over time about the quality of her asset. Since this information is private, the owner sells strategically to a less informed buyer following sufficient negative information. In response, market prices feature a "U-shape" relative to the length of...
Persistent link: https://www.econbiz.de/10012903225
We relax the common assumption of homogeneous beliefs in principal-agent relationships with adverse selection. In an evolutionary learning set-up, which is imitative, principals can have different beliefs about the distribution of agents' types in the population. The resulting nonlinear dynamic...
Persistent link: https://www.econbiz.de/10012970452