Fehr, Ernst; Brown, Martin; Zehnder, Christian - Institute for the Study of Labor (IZA) - 2008
price rigidity. Reputation powerfully amplifies the positive effects of social preferences on contract enforcement by … interactions, suggesting that it may aggravate price rigidities. Surprisingly, reputation in fact weakens the wage and price …IZA DP No. 3655
On Reputation: A Microfoundation of Contract
Enforcement and Price Rigidity
Ernst Fehr
Martin Brown …