Imperfect monitoring and impermanent reputations

被引:80
作者
Cripps, MW [1 ]
Mailath, GJ
Samuelson, L
机构
[1] Washington Univ, John M Olin Sch Business, St Louis, MO 63130 USA
[2] Univ Penn, Dept Econ, Philadelphia, PA 19104 USA
[3] Univ Wisconsin, Dept Econ, Madison, WI 53706 USA
关键词
reputation; imperfect monitoring; repeated games; commitment; Stackelberg types;
D O I
10.1111/j.1468-0262.2004.00496.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the long-run sustainability of reputations in games with imperfect public monitoring. It is impossible to 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 noncredible behavior in the presence of imperfect monitoring.
引用
收藏
页码:407 / 432
页数:26
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