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We analyze in a game between a patient player 1 and a non-myopic but less patient opponent, player 2. We assume that Player 1's type is private information and that players do not directly observe each other's action but rather see an imperfect signal of it. We show that in any Nash equilibrium...
Persistent link: https://www.econbiz.de/10005824443
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 …’s reputation is private. …
Persistent link: https://www.econbiz.de/10005126728
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 …’s reputation is private. We also show that the rate at which reputations disappear is uniform across equilibria and that …
Persistent link: https://www.econbiz.de/10005061932
Persistent link: https://www.econbiz.de/10005032119
In the reputation literature, players have \emph{commitment types} which represent the possibility that they do not … commitment types can emerge from incomplete information about the stage payoffs. In particular, any finitely repeated game with … commitment types is strategically equivalent to a standard finitely repeated game with incomplete information about the stage …
Persistent link: https://www.econbiz.de/10011127591
method used allows for arbitrarily many different types and provides an intuitive understanding of how "reputation" works. It …
Persistent link: https://www.econbiz.de/10004993150
The article presents a survey of theory concerning the "credibility" and "reputation" issues until the beginning of the …/her reputation for precommitment can sustain the ex ante optimal policy. Canzoneri introduces imperfect monitoring of monetary policy …
Persistent link: https://www.econbiz.de/10005258212
the equilibrium payoff of the long-lived player (demonstrating ex ante reputation effects) and to show that this lower … bound is asymptotically irrelevant under imperfect monitoring (demonstrating the impermanence of reputation effects). The … chapter continues by examining the (necessarily weaker) reputation results that can be established for the case of two long …
Persistent link: https://www.econbiz.de/10011255417
The paper outlines in an informal an summary way some perspectives suggested by game theory for analysing the problem of the acquisition and use of force, the shift in its use from coercion to the power to enforce rules, the recognition of abilities and entrepreneurship as sources of power more...
Persistent link: https://www.econbiz.de/10010798310
reputation in long-term relationships. …
Persistent link: https://www.econbiz.de/10005025499