Article ID Journal Published Year Pages File Type
5061758 Economics Letters 2008 4 Pages PDF
Abstract

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), 854-882].

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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