A two-sided reputation result with long-run players

نویسندگان

  • Alp E. Atakan
  • Mehmet Ekmekci
چکیده

Cripps et al. (2005) conjectured that in an infinitely repeated game with two equally patient players, if there is positive probability that the players could be Stackelberg types, then equilibrium behavior would resemble a war of attrition, i.e., a two-sided reputation result would hold. In this note we show that this conjecture is indeed true for a wide set of stage games for which the one-sided reputation result of Atakan and Ekmekci (2008) holds.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Reputation with Long Run Players and Imperfect Observation

Previous work shows that reputation results may fail in repeated games between two long-run players with equal discount factors. We restrict attention to an infinitely repeated game where two players with equal discount factors play a simultaneous move stage game where actions of player 2 are imperfectly observed. The set of commitment types for player 1 is taken as any (countable) set of finit...

متن کامل

Reputation with Long Run Players

Previous work shows that reputation results may fail in repeated games with long-run players with equal discount factors. We restrict attention to stage games where two players, with equal discount factors, move sequentially. A pure Stackelberg action is assumed to exist. One and two sided reputation results are provided. If one of the players is a Stackelberg type with positive probability, th...

متن کامل

Disappearance of reputations in two-sided incomplete-information games

This paper studies long-run sustainability of false reputations in a class of games with imperfect public monitoring and two long-lived players, both of whom have private information about their own type and uncertainty over the types of the other player. This class, namely reputation games with one-sided moral hazard, can capture a wide range of economic interactions between two parties that m...

متن کامل

Reputation and Repeated Bargaining with a Third Party∗

We study repeated bargaining between a privately informed long-run player and a sequence of short-run players. Should the players fail to reach an agreement, an unbiased yet imperfect third party is called upon to make a decision. In contrast to standard reputation models, the benefit from reputation is low. We construct a Markov perfect equilibrium and characterize its reputation building dyna...

متن کامل

Reputation Effects in Two-Sided Incomplete-Information Games

This paper studies reputation effects in a class of games with imperfect public monitoring and two long-lived players, both of whom have private information about their own type and uncertainty over the types of the other player. Players may be either a strategic type who maximizes expected utility or a (simple) commitment type who plays a prespecified action every period. As in standard models...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:
  • J. Economic Theory

دوره 148  شماره 

صفحات  -

تاریخ انتشار 2013