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  1. (David M. Kreps and Robert Wilson, Reputation and Imperfect Information, 27 Journal of economic theory 253-279 (1982).„Economists have studied the phenomenon of reputation acquisition rigorously over the past 25 years, and the list of publications in leading journals is sizeable. Applications of the basic notion to various fields abound, but we confine ourselves to three examples, i.e. central banking, industrial organization and sovereign debt markets. (…) The acquisition of reputation is also important in the area of (international) borrowing and lending.