This article gives a brief introduction to reputation effects. A canonical model is described, the reputation bound result of Fudenberg and Levine (1989 1992) and the temporary reputation result of Cripps, Mailath, and Samuelson (2004, 2007) are stated and discussed.
|Date of creation:||09 Oct 2007|
|Date of revision:|
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Web page: http://economics.sas.upenn.edu/pier
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