-lived agent builds trust over time and improves their reputation by keeping the scheme going. …

information about the multiplier. We discuss potential reasons for the deviation between theory and experimental data. …

gradually builds up her reputation. Principal provides full information in every period as long as he has always observed his …

I study reputation models in which information about the long-run player's past behavior is dispersed among short …-run players. I identify two challenges to reputation building when such information is aggregated via the short-run players …-run player's current period action, I propose a resistent to learning condition under which reputation fails. This is because the …

We examine how the reputation concern of contracting parties affects contractual incentives if information is … revealed to future buyers only if contractual disputes are litigated. We show that the seller's reputation concern acts like an … additional legal cost which induces her to settle privately. A strong reputation concern effectively voids the incentive contract …