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This paper studies the interaction of information disclosure and reputational concerns in certification markets. We argue that by revealing less precise information a certifier reduces the threat of capture. Opaque disclosure rules may reduce profits but also constrain feasible bribes. For large...
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Often information structures are such that while individual reputation building is impossible groups of agents would … have the possibility of building up a reputation. We experimentally examine whether groups of sellers in markets that … situations where sellers alternatively can build up an individual reputation or where there are no possibilities for reputation …
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