Reputation Cycles
收藏NBER2016-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22703
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资源简介：
This paper shows that endogenous cycles can arise when contracts between firms and their customers are incomplete and when products are experience goods. Then firms invest in the quality of their output in order to establish a good reputation. Cycles arise because investment in reputation causes
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美国国家经济研究局创建时间：
2016-10-01
