Bolton, Gary E.; Ockenfels, Axel; Ebeling, Felix - In: International Journal of Industrial Organization 29 (2011) 1, pp. 23-33
In sequential equilibrium theory, reputation building is independent of whether the reputation builder is matched with one long-run partner or a series of short-run "strangers". We observe, however, that reputation builders are significantly more challenged by long-run players in both laboratory...