over seller quality. Typically, these markets use reputation systems to alleviate this issue, but the effectiveness of … auction, or wait for more bids. In the process, she trades-off sellers’ price, reputation, other attributes, and the costs of … waiting and canceling. Our framework addresses ‘dynamic selection’, which can lead to underestimation of reputation, through …

types quit continuously. The reputation dynamics may exhibit non-monotonicity, with agents who quit either very early or … very late carrying a higher reputation than do agents who quit near the optimal time for low types. Our analysis offers a … unifying explanation for how and when both early and late quitting can enhance reputation and suggests novel welfare and policy …

dependence of reputation on patience, the length of the game, and the random process on types …

counterpart where such a scheme can never be optimal. Our model also exhibits reputation dynamics which capture a pervasive view …

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 …