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-selection approach to reputations in the context of a long-lived player, who may be a “normal” type or one of a number of “commitment … 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 …
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We use the theory of abstract convexity to study adverse-selection principal-agent problems and two-sided matching problems, departing from much of the literature by not requiring quasilinear utility. We formulate and characterize a basic underlying implementation duality. We show how this...
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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. …
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