Selling Reputation When Going out of Business

Is the reputation of a ﬁrm tradeable when the previous owner has toretire even though ownership change is observable? The authors of this paper consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent proﬁts, bid for the ﬁrms that are for sale...

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Year of publication:	2004-11-01
Authors:	Hakenes, Hendrik ; Peitz, Martin
Publisher:	Universität <Mannheim>
Subject:	Prestige \| reputation \| Immaterieller Anlagewert \| Intangible resource

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Extent:	310272 bytes 41 p. application/pdf
Series:	Universität Mannheim - Sonderforschungsbereich 504 - Publikationen Sonderforschungsbereich 504 Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierung ; 04-52 (2004)
Type of publication:	Book / Working Paper
Language:	English
Classification:	D40 - Market Structure and Pricing. General ; D82 - Asymmetric and Private Information ; L14 - Transactional Relationships; Contracts and Reputation; Networks ; L15 - Information and Product Quality; Standardization and Compatibility ; Management and business planning. General ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005850461