Ekmekci, Mehmet; Gossner, Olivier; Wilson, Andrea - Center for Mathematical Studies in Economics and … - 2010
We study the impact of unobservable stochastic replacements for the long-run player in the classical reputation model with a long-run player and a series of short-run players. We provide explicit lower bounds on the Nash equilibrium payoffs of a long-run player, both ex-ante and following any...