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This article gives a brief introduction to reputation effects. A canonical model is described, the reputation bound … result of Fudenberg and Levine (1989 1992) and the temporary reputation result of Cripps, Mailath, and Samuelson (2004, 2007 …
Persistent link: https://www.econbiz.de/10014223232
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/10014070419
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/10014073174
maintain a permanent reputation for playing a strategy that does not play an equilibrium of the game without uncertainty about … types. Thus, a player cannot indefinitely sustain a reputation for non-credible behavior in the presence of imperfect …
Persistent link: https://www.econbiz.de/10014078915
maintain a permanent reputation for playing a strategy that does not eventually play an equilibrium of the game without … uncertainty about types. Thus, a player cannot indefinitely sustain a reputation for non-credible behavior in the presence of …
Persistent link: https://www.econbiz.de/10014112375
Persistent link: https://www.econbiz.de/10011525311
Persistent link: https://www.econbiz.de/10013077899
Persistent link: https://www.econbiz.de/10013079805
We analyze a repeated game in which countries are polluting as well as investing in technologies. While folk theorems point out that the first best can be sustained as a subgame-perfect equilibrium when the players are sufficiently patient, we derive the second best equilibrium when they are...
Persistent link: https://www.econbiz.de/10011350155
This study reveals the existence of a causal link between the availability of money and an expanded scale of interaction. We constructed an experiment where participants chose the group size, either a low-value partnership or a high-value group of strangers, and then faced an intertemporal...
Persistent link: https://www.econbiz.de/10011713754