OBSERVABLE REPUTATION TRADING

Is the reputation of a firm tradable when the change in ownership is observable?We consider a competitive market in which a share of owners must retire ineach period. New owners bid for the firms that are for sale. Customers learn theowners type, which reflects the quality of the good or service provided, throughexperience. After observing an ownership change they may want to switch firms...

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Year of publication:	2007
Authors:	Hakenes, Hendrik ; Peitz, Martin
Published in:	INTERNATIONAL ECONOMIC REVIEW INTERNATIONAL ECONOMIC REVIEW ; Vol. 48, No. 2, May 2007, S. 693 ff.
Subject:	Unternehmen \| Prestige \| reputation \| Produktpolitik

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Extent:	391168 bytes 38 p. application/pdf
Type of publication:	Article
Language:	English
Classification:	Management and organisation. Other aspects ; Product policy ; Study of commerce ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005860943