Disappearing Private Reputations in Long-Run Relationships
نویسندگان
چکیده
منابع مشابه
Disappearing private reputations in long-run relationships
For games of public reputation with uncertainty over types and imperfect public monitoring, Cripps, Mailath, and Samuelson (2004) showed that an informed player facing short-lived uninformed opponents cannot maintain a permanent reputation for playing a strategy that is not part of an equilibrium of the game without uncertainty over types. This paper extends that result to games in which the un...
متن کاملDisappearing Private Reputations∗
We study the long-run sustainability of private reputations in the presence of imperfect public monitoring. A long-lived player has private reputations if the uninformed players’ beliefs are private. We show that even in this case it is impossible to maintain a permanent reputation for playing a strategy that does not eventually play an equilibrium of the game without uncertainty about types. T...
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We model a long-run relationship as an infinitely repeated game played by two equally patient agents. In each period, the agents play an extensive-form game of perfect information. There is incomplete information about the type of player 1 while player 2’s type is commonly known. We show that a sufficiently patient player 1 can leverage player 2’s uncertainty about his type to secure his highes...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.511243