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The Effects Of Trader'S Reputation On Market Exchange

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  • Sporleder, Thomas L.

Abstract

Reputation among traders may be an important phenomenon in commodity markets. A theory of reputation trading in commodity markets is advanced and tested, using experimental economics procedures. Results indicate existence of reputation decreases market efficiency, sellers demand higher price~ from disreputable buyers, and sell smaller quantities to disreputable buyers.

Suggested Citation

  • Sporleder, Thomas L., "undated". "The Effects Of Trader'S Reputation On Market Exchange," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270159, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea88:270159
    DOI: 10.22004/ag.econ.270159
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    References listed on IDEAS

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    4. Carl Shapiro, 1983. "Premiums for High Quality Products as Returns to Reputations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(4), pages 659-679.
    5. Klein, Benjamin & Leffler, Keith B, 1981. "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 615-641, August.
    6. Victor P. Goldberg, 1976. "Regulation and Administered Contracts," Bell Journal of Economics, The RAND Corporation, vol. 7(2), pages 426-448, Autumn.
    7. Plott, Charles R, 1982. "Industrial Organization Theory and Experimental Economics," Journal of Economic Literature, American Economic Association, vol. 20(4), pages 1485-1527, December.
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