Reputation and commitment in two-person repeated games without discounting
AbstractTwo-person repeated games with no discounting are considered where there is uncertainty about the type of the players. If there is a possibility that a player is an automaton committed to a particular pure or mixed stage-game action, then this provides a lower bound on the Nash equilibrium payoffs to a normal type of this player. The lower bound is the best available and is robust to the existence of other types. The results are extended to the case of two-sided uncertainty. This work extends Schmidt (1993) who analyzed the restricted class of conflicting interest games.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University College London in its series Open Access publications from University College London with number http://discovery.ucl.ac.uk/16389/.
Date of creation: Nov 1995
Date of revision:
Publication status: Published in Econometrica (1995-11) v.63, p.1401-1419
Contact details of provider:
Web page: http://www.ucl.ac.uk
Other versions of this item:
- Cripps, Martin W & Thomas, Jonathan P, 1995. "Reputation and Commitment in Two-Person Repeated Games without Discounting," Econometrica, Econometric Society, vol. 63(6), pages 1401-19, November.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Jeffrey C. Ely & Juuso Välimäki, 2003.
The Quarterly Journal of Economics,
MIT Press, vol. 118(3), pages 785-814, August.
- David Hugh-Jones & Roâ€™i Zultan, 2013.
"Reputation and Cooperation in Defense,"
Journal of Conflict Resolution,
Peace Science Society (International), vol. 57(2), pages 327-355, April.
- Martin Cripps & George J Mailath & Larry Samuelson, 2010.
"Imperfect Monitoring and Impermanent Reputations,"
Levine's Working Paper Archive
618897000000000060, David K. Levine.
- Cripps,M.W. & Mailath,G.J. & Samuelson,L., 2002. "Imperfect monitoring and impermanent reputations," Working papers 17, Wisconsin Madison - Social Systems.
- Martin W. Cripps & George J. Mailath & Larry Samuelson, 2002. "Imperfect Monitoring and Impermanent Reputations," PIER Working Paper Archive 03-016, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 30 May 2003.
- Celentani, Marco & Pesendorfer, Wolfgang, 1996.
"Reputation in Dynamic Games,"
Journal of Economic Theory,
Elsevier, vol. 70(1), pages 109-132, July.
- Marco Celentani & Wolfgang Pesendorfer, 1992. "Reputation in Dynamic Games," Discussion Papers 1009, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Celentani, Marco & Pesendorfer, Wolfgang, 1996. "Reputation in dynamic games," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/4816, Universidad Carlos III de Madrid.
- 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.
- Rainer Nitsche, 2000. "Incentives to Grow: Multimarket Firms and Predation," CIG Working Papers FS IV 00-19, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Israeli, Eitan, 1999. "Sowing Doubt Optimally in Two-Person Repeated Games," Games and Economic Behavior, Elsevier, vol. 28(2), pages 203-216, August.
- Gary E. Bolton & Axel Ockenfels, 2005. "The Influence of Information Externalities on the Value of Reputation Building - An Experiment," Working Paper Series in Economics 17, University of Cologne, Department of Economics.
- Gary E Bolton & Axel Ockenfels, 2007. "Information Value and Externalities in Reputation Building - An Experimental Study," Working Paper Series in Economics 35, University of Cologne, Department of Economics, revised 01 Aug 2008.
- Francoise Forges & Antoine Salomon, 2013. "Bayesian Repeated Games," Working Papers hal-00803919, HAL.
- Larry Samuelson, 2003. "Imperfect Monitoring and Impermanent Reputations," Theory workshop papers 505798000000000030, UCLA Department of Economics.
- Joel Slemrod, 2002. "Trust in Public Finance," NBER Working Papers 9187, National Bureau of Economic Research, Inc.
- Cripps, Martin W. & Dekel, Eddie & Pesendorfer, Wolfgang, 2005. "Reputation with equal discounting in repeated games with strictly conflicting interests," Journal of Economic Theory, Elsevier, vol. 121(2), pages 259-272, April.
- 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.
- Sorin, Sylvain, 1999. "Merging, Reputation, and Repeated Games with Incomplete Information," Games and Economic Behavior, Elsevier, vol. 29(1-2), pages 274-308, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kieron Jones).
If references are entirely missing, you can add them using this form.