A theory of collective reputations (with applications to the persistence of corruption and to firm quality)¶
Tirole, J. (1996). A theory of collective reputations (with applications to the persistence of corruption and to firm quality). The Review of Economic Studies, 63(1), 1-22.
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Primes¶
- Reputation
- Tirole (1996) formalized the dynamics of such collapse and recovery, showing how an individual's reputation can be hostage to the past behavior of a group and why rehabilitation after a damaging episode is slow and uncertain.
This sourceFormalizes the dynamics of reputation collapse and slow, uncertain rehabilitation, including how an individual's standing can be hostage to a group's past.
- Tirole (1996) formalized the dynamics of such collapse and recovery, showing how an individual's reputation can be hostage to the past behavior of a group and why rehabilitation after a damaging episode is slow and uncertain.
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