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A. (1970). The market for \u201clemons\u201d: Quality uncertainty and the market mechanism. The Quarterly Journal of Economics, 84(3), 488\u2013500.<\/p>\n<p>Spence, M. (1973). Job market signaling. The Quarterly Journal of Economics, 87(3), 355\u2013374.<\/p>\n<p>Tirole, J. (1996). A theory of collective reputations (with applications to the persistence of corruption and to firm quality. 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\u5728\u300a\u67e0\u6aac\u5e02\u573a\u300b\u7684\u7ecf\u5178\u8bba\u6587\u4e2d\u63d0\u51fa\uff0c\u5f53\u5356\u5bb6\u77e5\u9053\u54c1\u8d28\u3001\u4e70\u5bb6\u4e0d\u77e5\u9053\u54c1\u8d28\u65f6\uff0c\u4f4e\u54c1\u8d28\u5546\u54c1\u53ef\u80fd\u4f1a\u628a\u9ad8\u54c1\u8d28\u5546\u54c1\u6324\u51fa\u5e02\u573a\uff0c\u6700\u540e\u5e02\u573a\u6574\u4f53\u5411\u4f4e\u54c1\u8d28\u584c\u9677\uff08Akerlof\uff0c 1970\uff09\u3002 \u8fd9\u4e2a\u7406\u8bba\u4e4b\u6240\u4ee5\u7ecf\u4e45\u4e0d\u8870\uff0c\u662f\u56e0\u4e3a\u5b83\u6293\u4f4f\u4e86\u73b0\u4ee3\u5e02\u573a\u7ecf\u6d4e\u91cc\u4e00\u4e2a\u53cd\u590d\u51fa\u73b0\u7684\u96be\u9898\uff1a\u5f53\u4e70\u65b9\u65e0\u6cd5\u76f4\u63a5\u89c2\u5bdf\u54c1\u8d28\u65f6\uff0c\u4ef7\u683c\u673a\u5236\u672c\u8eab\u672a\u5fc5\u8db3\u4ee5\u7ef4\u6301\u4f18\u8d28\u4f9b\u7ed9\u3002 \u968f\u540e\uff0cMichael Spence \u7684\u4fe1\u53f7\u7406\u8bba\u8fdb\u4e00\u6b65\u8bf4\u660e\uff0c\u5e02\u573a\u5e76\u4e0d\u662f\u6ca1\u6709\u81ea\u6551\u80fd\u529b\u3002\u95ee\u9898\u5728\u4e8e\uff0c\u80fd\u591f\u6062\u590d\u533a\u5206\u5ea6\u7684\u4fe1\u53f7\uff0c\u5fc5\u987b\u5177\u6709\u6210\u672c\uff0c\u800c\u4e14\u8fd9\u79cd\u6210\u672c\u8981\u5bf9\u9ad8\u54c1\u8d28\u8005\u66f4\u4f4e\u3001\u5bf9\u4f4e\u54c1\u8d28\u8005\u66f4\u9ad8\uff08Spence\uff0c 1973\uff09\u3002 \u6362\u53e5\u8bdd\u8bf4\uff0c\u771f\u6b63\u6709\u7528\u7684\u4fe1\u53f7\uff0c\u4e0d\u662f\u8bf4\u51fa\u6765\u7684\uff0c\u800c\u662f\u201c\u505a\u51fa\u6765\u4e14\u96be\u4ee5\u4f2a\u9020\u201d\u7684\u3002 Jean Tirole 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\u5728\u300a\u67e0\u6aac\u5e02\u573a\u300b\u7684\u7ecf\u5178\u8bba\u6587\u4e2d\u63d0\u51fa\uff0c\u5f53\u5356\u5bb6\u77e5\u9053\u54c1\u8d28\u3001\u4e70\u5bb6\u4e0d\u77e5\u9053\u54c1\u8d28\u65f6\uff0c\u4f4e\u54c1\u8d28\u5546\u54c1\u53ef\u80fd\u4f1a\u628a\u9ad8\u54c1\u8d28\u5546\u54c1\u6324\u51fa\u5e02\u573a\uff0c\u6700\u540e\u5e02\u573a\u6574\u4f53\u5411\u4f4e\u54c1\u8d28\u584c\u9677\uff08Akerlof\uff0c 1970\uff09\u3002 \u8fd9\u4e2a\u7406\u8bba\u4e4b\u6240\u4ee5\u7ecf\u4e45\u4e0d\u8870\uff0c\u662f\u56e0\u4e3a\u5b83\u6293\u4f4f\u4e86\u73b0\u4ee3\u5e02\u573a\u7ecf\u6d4e\u91cc\u4e00\u4e2a\u53cd\u590d\u51fa\u73b0\u7684\u96be\u9898\uff1a\u5f53\u4e70\u65b9\u65e0\u6cd5\u76f4\u63a5\u89c2\u5bdf\u54c1\u8d28\u65f6\uff0c\u4ef7\u683c\u673a\u5236\u672c\u8eab\u672a\u5fc5\u8db3\u4ee5\u7ef4\u6301\u4f18\u8d28\u4f9b\u7ed9\u3002 \u968f\u540e\uff0cMichael Spence \u7684\u4fe1\u53f7\u7406\u8bba\u8fdb\u4e00\u6b65\u8bf4\u660e\uff0c\u5e02\u573a\u5e76\u4e0d\u662f\u6ca1\u6709\u81ea\u6551\u80fd\u529b\u3002\u95ee\u9898\u5728\u4e8e\uff0c\u80fd\u591f\u6062\u590d\u533a\u5206\u5ea6\u7684\u4fe1\u53f7\uff0c\u5fc5\u987b\u5177\u6709\u6210\u672c\uff0c\u800c\u4e14\u8fd9\u79cd\u6210\u672c\u8981\u5bf9\u9ad8\u54c1\u8d28\u8005\u66f4\u4f4e\u3001\u5bf9\u4f4e\u54c1\u8d28\u8005\u66f4\u9ad8\uff08Spence\uff0c 1973\uff09\u3002 \u6362\u53e5\u8bdd\u8bf4\uff0c\u771f\u6b63\u6709\u7528\u7684\u4fe1\u53f7\uff0c\u4e0d\u662f\u8bf4\u51fa\u6765\u7684\uff0c\u800c\u662f\u201c\u505a\u51fa\u6765\u4e14\u96be\u4ee5\u4f2a\u9020\u201d\u7684\u3002 Jean Tirole 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property=\"article:modified_time\" content=\"2026-06-26T10:24:07+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"\u5f53\u56fe\u7247\u4e0d\u518d\u7b97\u8bc1\u636e\uff1aAI\u65f6\u4ee3\u7684\u4fe1\u4efb\u91cd\u4f30\u4e0e\u5e02\u573a\u7ed3\u6784\u91cd\u7ec4 - HKU Business School\" \/>\n\t\t<meta name=\"twitter:description\" content=\"\u8fc7\u53bb\u6211\u4eec\u4e70\u4e1c\u897f\uff0c\u591a\u5c11\u6709\u70b9\u50cf\u76f8\u4eb2\u3002 \u5148\u770b\u7167\u7247\uff0c\u55ef\uff0c\u633a\u7cbe\u795e; \u518d\u770b\u81ea\u6211\u4ecb\u7ecd\uff0c\u771f\u8bda\u3001\u4e13\u4e1a\u3001\u503c\u5f97\u6258\u4ed8; \u6700\u540e\u770b\u770b\u522b\u4eba\u8bc4\u4ef7\uff0c\u4e94\u661f\u597d\u8bc4\u3001\u56de\u8d2d\u4e09\u6b21\u3001\u95ed\u773c\u5165\u3002 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\u53ef\u4ee5\u4e00\u952e\u751f\u6210\u4e00\u4e2a\u5149\u7ebf\u9ad8\u7ea7\u3001\u6784\u56fe\u8bb2\u7a76\u3001\u8fde\u7a7a\u6c14\u91cc\u90fd\u4eff\u4f5b\u6f02\u6d6e\u8457\u6d88\u8d39\u4e3b\u4e49\u9999\u6c14\u7684\u573a\u666f\u3002 \u552f\u4e00\u7684\u95ee\u9898\u662f\uff1a\u8d27\u53ef\u80fd\u5e76\u6ca1\u6709\u90a3\u4e48\u9ad8\u7ea7\uff0c\u751a\u81f3\u6839\u672c\u6ca1\u51fa\u73b0\u8fc7\u3002 \u4e8e\u662f\uff0c\u4e00\u4e2a\u4ee5\u524d\u4e0d\u90a3\u4e48\u663e\u773c\u7684\u95ee\u9898\u7a81\u7136\u7ad9\u5230\u4e86\u821e\u53f0\u4e2d\u592e\uff1a\u5f53\u63cf\u8ff0\u3001\u56fe\u7247\u3001\u89c6\u9891\u8fd9\u4e9b\u5e38\u89c1\u7684\u54c1\u8d28\u4fe1\u53f7\u8d8a\u6765\u8d8a\u4fbf\u5b9c\u3001\u8d8a\u6765\u8d8a\u5bb9\u6613\u4f2a\u9020\uff0c\u5e02\u573a\u8fd8\u9760\u4ec0\u4e48\u6765\u5efa\u7acb\u4fe1\u4efb\uff1f \u8fd9\u4e2a\u95ee\u9898\u542c\u8d77\u6765\u50cf\u5410\u69fd\uff0c\u5b9e\u9645\u4e0a\u5374\u662f\u4e00\u4e2a\u975e\u5e38\u7ecf\u5178\u7684\u7ecf\u6d4e\u5b66\u95ee\u9898\u3002 George Akerlof 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