' incentives for reputation building and, thus, enhances trust and efficiency in markets. This efficiency-enhancing effect is …Arguing that consumers are the carriers of firms’ reputations, we examine the role of consumer networks for trust in …

driven by trust. With flexible prices, we observe low prices and high quality in competitive (oligopolistic) markets, and …

We study the effects of reputation and competition in a stylized market for experience goods. If interaction is … anonymous, such markets perform poorly: sellers are not trustworthy, and buyers do not trust sellers. If sellers are … identifiable and can, hence, build a reputation, efficiency quadruples but is still at only a third of the first best. Adding more …

implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …

expectations-augmented Phillips curve and its reputation for toughness in fighting inflation. In an environment with an unknown …

social reputation or self-respect. The presence of rewards or punishments creates doubt as to the true motive for which good …

This paper provides evidence on the importance of reputation, intended as beliefs buyers hold about seller …'s reliability, in the context of the Kenyan rose export sector. A model of reputation and relational contracting is developed and …