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We establish reputation results, under two sided incomplete information, for a class of repeated games. We consider a …
Persistent link: https://www.econbiz.de/10011042918
monitoring structure, we prove a reputation result for repeated moral hazard games: if there is positive probability that player …
Persistent link: https://www.econbiz.de/10011113383
We study the impact of unobservable stochastic replacements for the long-run player in the classical reputation model …
Persistent link: https://www.econbiz.de/10010582586
bargaining game with one-sided reputation, the terms of trade are determined by the commitment types on the short side, and … equilibrium play in a bargaining game with two-sided reputation and commitment types cause inefficiency. An inefficient …
Persistent link: https://www.econbiz.de/10008804605
We study the impact of unobservable stochastic replacements for the long-run player in the classical reputation model …
Persistent link: https://www.econbiz.de/10008804912
structure, we prove a reputation result for games with locally nonconflicting interests or games with strictly conflicting …
Persistent link: https://www.econbiz.de/10008804918
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...
Persistent link: https://www.econbiz.de/10008804920
, 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.. …
Persistent link: https://www.econbiz.de/10008804921
monitoring structure, we prove a reputation result for stage games with a strong Stackelberg action: if there is positive …
Persistent link: https://www.econbiz.de/10011263579
Previous work shows that reputation results may fail in repeated games between two long-run players with equal discount … reputation result. If player 1 is a particular commitment type with positive probability and player 2's actions are imperfectly …
Persistent link: https://www.econbiz.de/10010282883