Reputation in perturbed repeated games
AbstractThe paper analyzes reputation effects in perturbed repeated games with discounting. If there is some positive prior probability that one of the players is committed to play the same (pure) action in every period, then this provides a lower bound for her equilibrium playoff in all Nash equilibria. This bound is tight and independent of what other types have positive probability. It is generally lower than Fudenberg and Levine’s bound for games with a long-run player facing a sequence of short-run opponents. The bound cannot be improved by considering types playing finitely complicated history-dependent commitment strategies. Journal of Economic Literature Classification Numbers: C73, D83, L14.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by University of Munich, Department of Economics in its series Munich Reprints in Economics with number 20052.
Date of creation: 1996
Date of revision:
Publication status: Published in Journal of Economic Theory 2 69(1996): pp. 387-410
Other versions of this item:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Dilip Abreu & David G. Pearce, 2006. "Bargaining, Reputation and Equilibrium Selection in Repeated Games with Contracts," Levine's Bibliography 321307000000000640, UCLA Department of Economics.
- J. Watson & P. Battigalli, 2010.
"On 'Reputation' Refinements with Heterogeneous Beliefs,"
Levine's Working Paper Archive
582, David K. Levine.
- Pierpaolo Battigalli & Joel Watson, 1997. "On "Reputation" Refinements with Heterogeneous Beliefs," Econometrica, Econometric Society, Econometric Society, vol. 65(2), pages 369-374, March.
- Israeli, Eitan, 1999. "Sowing Doubt Optimally in Two-Person Repeated Games," Games and Economic Behavior, Elsevier, vol. 28(2), pages 203-216, August.
- Celentani, Marco, et al, 1996.
"Maintaining a Reputation against a Long-Lived Opponent,"
Econometrica, Econometric Society,
Econometric Society, vol. 64(3), pages 691-704, May.
- Marco Celentani, 1993. "Maintaining a Reputation Against A Long-Lived Opponent," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science 1075R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Sandroni, Alvaro, 2000. "Reciprocity and Cooperation in Repeated Coordination Games: The Principled-Player Approach," Games and Economic Behavior, Elsevier, vol. 32(2), pages 157-182, August.
- Dilip Abreu & David G. Pearce, 2006. "Reputational Wars of Attrition with Complex Bargaining Postures," Levine's Working Paper Archive 122247000000001218, David K. Levine.
- Blundell,Richard & Newey,Whitney K. & Persson,Torsten (ed.), 2006. "Advances in Economics and Econometrics," Cambridge Books, Cambridge University Press, number 9780521692083, 9.
- Jimmy Chan, 2000. "On the Non-Existence of Reputation Effects in Two-Person Infinitely-Repeated Games," Economics Working Paper Archive 441, The Johns Hopkins University,Department of Economics.
- Bolton, Gary E. & Ockenfels, Axel & Ebeling, Felix, 2011. "Information value and externalities in reputation building," International Journal of Industrial Organization, Elsevier, vol. 29(1), pages 23-33, January.
- Hausken, Kjell, 2007. "Reputation, incomplete information, and differences in patience in repeated games with multiple equilibria," Economics Letters, Elsevier, vol. 97(2), pages 138-144, November.
- Sorin, Sylvain, 1999. "Merging, Reputation, and Repeated Games with Incomplete Information," Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 274-308, October.
- Marco Celentani & Drew Fudenberg & David K Levine & Wolfgang Pesendorfer, 2006.
"Maintaining A Reputation Against A Patient Opponent,"
Levine's Working Paper Archive
699152000000000019, David K. Levine.
- Marco Celentani & Drew Fudenberg & David K. Levine & Wolfgang Pesendorfer, 1996. "Maintaining a Reputation against a Patient Opponent," Levine's Working Paper Archive 2015, David K. Levine.
- Martin W. Cripps & Jonathan Thomas, 2004.
"Some Asymptotic Results in Discounted Repeated Games of One-Sided Incomplete Information,"
ESE Discussion Papers
76, Edinburgh School of Economics, University of Edinburgh.
- Jonathan P. Thomas & Martin Cripps, 2000. "Some Asymptotic Results in Discounted Repeated Games of One-Sided Incomplete Information," Game Theory and Information, EconWPA 0004003, EconWPA.
- Francoise Forges & Antoine Salomon, 2014.
"Bayesian Repeated Games and Reputations,"
CESifo Working Paper Series
4700, CESifo Group Munich.
- Atakan, Alp Enver & Ekmekci, Mehmet, 2014. "Reputation in Repeated Moral Hazard Games," MPRA Paper 54427, University Library of Munich, Germany.
- D. Abreu & D. Pearce, . "Bargaining, Reputation and Equilibrium Selection in Repeated Games," Princeton Economic Theory Papers, Economics Department, Princeton University 00f2, Economics Department, Princeton University.
- Cripps, Martin W. & Thomas, Jonathan P., 1997. "Reputation and Perfection in Repeated Common Interest Games," Games and Economic Behavior, Elsevier, vol. 18(2), pages 141-158, February.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexandra Frank).
If references are entirely missing, you can add them using this form.