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reputation in long-term relationships. …
Persistent link: https://www.econbiz.de/10005025499
Persistent link: https://www.econbiz.de/10010542233
-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 …
Persistent link: https://www.econbiz.de/10014025455
candidate's reputation. …
Persistent link: https://www.econbiz.de/10005707946
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
increasing function of the value of a candidate’s reputation. …
Persistent link: https://www.econbiz.de/10005126675
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
's reputation. We also show how the model can be extended so that rhetoric also signals candidate quality. …
Persistent link: https://www.econbiz.de/10005061931
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
This paper examines whether reputation concerns can induce the central bank to implement the time-inconsistent optimal … to the possible inflation bias; second, it enables us to model more satisfactorily the reputation of the central bank by …
Persistent link: https://www.econbiz.de/10005056519