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Competition and Reputation

Author

Listed:
  • Marimon, R.
  • Nicolini, J.P.
  • Teles, P.

Abstract

In this paper the authors analyze the interaction of two disciplinary mechanisms: competition and reputation. They first study a dynamic model of monopolistic competition with experiencs goods (i.e., quality is observed after goods are purchased). When market power is high enough, reputation results in the equilibrium with perfect information being sustainable.

Suggested Citation

  • Marimon, R. & Nicolini, J.P. & Teles, P., 1999. "Competition and Reputation," Economics Working Papers eco99/18, European University Institute.
    • Handle: RePEc:eui:euiwps:eco99/18
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    Cited by:

    1. Marimon, Ramon & Nicolini, Juan Pablo & Teles, Pedro, 2003. "Inside-outside money competition," Journal of Monetary Economics, Elsevier, vol. 50(8), pages 1701-1718, November.
    2. Ramon Marimon, 2000. "Review of Sargent's The Conquest of American Inflation," Journal of Economic Literature, American Economic Association, vol. 38(2), pages 405-411, June.

    More about this item

    Keywords

    COMPETITION ; REPUTATION ; DYNAMIC ANALYSIS;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D00 - Microeconomics - - General - - - General

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