I consider an adverse selection model of macr;rm reputation. Each firm is characterized by anexogenously given quality level, which is the firm's private information and applies to any product it sells. Consumers observe the performance of the firm's products, which is positively related to the...

We construct a panel of eBay seller histories and examine the importance of eBay s reputation mechanism. We find that, when a seller first receives negative feedback, his weekly sales rate drops from a positive7% to a negative 7%; subsequent negative feedback ratings arrive 25% more rapidly than...

I consider an adverse selection model of product quality. Consumers observe the performance of the firm's products, and product performance is positively related to the firm's (privately observed) quality level. If a firm is to launch a new product, should it use the same name as its base...