I show how changes in competition affect the power of reputation to induce sellers to exert effort. The impact of …. To guide the empirical analysis, I develop a model of reputation where the relative number of hosts and guests affects … the value of building a reputation through effort. In this framework, more competition depresses hosts' profits and leads …

ability”, such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we … is linked to risk-related characteristics, such as risk tolerance and optimism. This indicates a potential problem as …

ability", such as poor education, unemployment, and little financial sophistication. Based on prospective reference theory, we … is linked to risk-related characteristics, such as risk tolerance and optimism. This indicates a potential problem as …

We assess the ability of different risk profiling measures to predict risk taking along a multi-stage decision process …. The latter involves decisions under ambiguity, decisions under risk, decisions after gaining experience and decisions … after receiving outcome information on previous decisions. We find that in all decisions risk taking can be predicted by …

Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature … has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable … risk, in which there is a positive correlation between the fitness of a newborn agent and the fitness of her parent …

By bundling experience goods, a manufacturer can more easily maintain a reputation for high quality over time. Formally …

This paper studies the reputation effect in which a long-lived player faces a sequence of uninformed short …

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 …

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 …

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 …