Reputation Building under Uncertain Monitoring

Joyee Deb (joyee.deb@yale.edu) and Yuhta Ishii (yxi5014@psu.edu)
Additional contact information
Joyee Deb: School of Management, Yale University, https://sites.google.com/site/joyeedeb/

No 2042, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: We study a canonical model of reputation between a long- run player and a sequence of short-run opponents, in which the long-run player is privately informed about an uncertain state that determines the monitoring structure in the reputation game. The long-run player plays a stage-game repeatedly against a sequence of short-run opponents. We present necessary and sufficient conditions (on the monitoring structure and the type space) to obtain reputation building in this setting. Specifically, in contrast to the previous literature, with only stationary commitment types, reputation building is generally not possible and highly sensitive to the inclusion of other commitment types. However, with the inclusion of appropriate dynamic commitment types, reputation building can again be sustained while maintaining robustness to the inclusion of other arbitrary types.

JEL-codes: C73 D82 L14 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2016-05
New Economics Papers: this item is included in nep-gth, nep-mic and nep-net
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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