What's in a name? Reputation as a tradeable asset
Article Abstract:
A model in which a company's only asset is its name or reputation is developed to determine what factors can turn names into a valuable, tradeable asset and what reputational effects characterize the market for names. It only considers names that are traded in all equilibria. Results indicate that adverse selection is a critical factor for understanding firm reputation and that the model yields more realistic reputational dynamics than standard game-theoretic reputation models.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1999
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The dynamic effects of aggregate demand and supply disturbances: comment
Article Abstract:
The conclusions of Olivier Jean Blanchard and Danny Quah in a 1989 paper on how real gross national product is affected by disturbances in supply and demand are examined. The conclusion of Blanchard and Quah that demand shocks affect changes in output is based on an arbitrary assumption about the moving-average representation. An alternative to the impulse-response function is the non-standard moving-average representation.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1993
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Asset Exchanges and the Transactions Demand for Money, 1919-1929
Article Abstract:
The transaction demand for money is examined from 1919 through 1929. Monthly fluctuations are observed in the volume and value of New York Stock Exchange (NYSE) trades which influenced that demand. Monetary authority failed to curb rising interest rates. The real GNP declined the last three years of the period.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1984
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