Re-Thinking Reputation

Andrew Mell

No 565, Economics Series Working Papers from University of Oxford, Department of Economics

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.

Keywords: Reputation; monitoring; expectations formation (search for similar items in EconPapers)
JEL-codes: D82 D84 (search for similar items in EconPapers)
Date: 2011-09-01
New Economics Papers: this item is included in nep-gth, nep-hpe and nep-mic
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