Reputation for Quality
This paper analyses a model of R&D where the product quality is imperfectly observed by customers. We consider different types of customer monitoring and characterise the equilibrium levels of investment and the resulting reputational dynamics.
|Date of creation:||2009|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
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- Arantxa Jarque, 2008.
"Repeated moral hazard with effort persistence,"
08-04, Federal Reserve Bank of Richmond.
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- Chalk, Andrew J, 1987. "Market Forces and Commercial Aircraft Safety," Journal of Industrial Economics, Wiley Blackwell, vol. 36(1), pages 61-81, September.
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