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Re-Thinking Reputation

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  • Andrew Mell
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    Abstract

    Economic models of reputation make strong assumptions about the information available to players.� In particular, it is assumed that they know the entire history of the game to date.� Such models can seldom reproduce the cycling of reputations we observe in the real world.� We build a model of reputation with more realistic assumptions about the partial knowledge of the history that would be available and how it might be used.� This new approach can explain cycles in reputations.

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    File URL: http://www.economics.ox.ac.uk/materials/working_papers/paper565.pdf
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    Bibliographic Info

    Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 565.

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    Date of creation: 01 Sep 2011
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    Handle: RePEc:oxf:wpaper:565

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    Related research

    Keywords: Reputation; monitoring; expectations formation;

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    1. Cripps,M.W. & Mailath,G.J. & Samuelson,L., 2002. "Imperfect monitoring and impermanent reputations," Working papers 17, Wisconsin Madison - Social Systems.
    2. Liu, Qingmin & Skrzypacz, Andrzej, 2009. "Limited Records and Reputation," Research Papers 2030, Stanford University, Graduate School of Business.
    3. Ekmekci, Mehmet, 2011. "Sustainable reputations with rating systems," Journal of Economic Theory, Elsevier, vol. 146(2), pages 479-503, March.
    4. Bar-Isaac, Heski & Tadelis, Steven, 2008. "Seller Reputation," Foundations and Trends(R) in Microeconomics, now publishers, vol. 4(4), pages 273-351, August.
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