Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061758 | Economics Letters | 2008 | 4 Pages |
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
Authors
Hong Xu, Jianqing Chen, Andrew B. Whinston,