A two-sided reputation result with long-run players
AbstractWe establish reputation results, under two sided incomplete information, for a class of repeated games. We consider a repeated game that satisfies the assumptions of either Atakan and Ekmekci (2012)  or Cripps et al. (2005)  and we assume that both players are Stackelberg types with positive probability. If the stage game is not a common interest game, then equilibrium play converges to the unique equilibrium of a continuous time war of attrition as the stage game is repeated arbitrarily frequently. Alternatively, if the stage game is a common-interest game, then the playersʼ equilibrium payoffs converge to their highest payoffs as the stage game is repeated arbitrarily frequently.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Theory.
Volume (Year): 148 (2013)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/inca/622869
Repeated games; Reputation; Equal discount factor; Long-run players; War of attrition;
Other versions of this item:
- Mehmet Ekmekci & Alp Atakan, 2009. "A two Sided Reputation Result with Long Run Players," Discussion Papers 1510, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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