Reputation Effects with Imperfect Monitoring in Linear Quadratic Models
Martin Cripps
Oxford Economic Papers, 1993, vol. 45, issue 1, 42-57
Abstract:
The author solves for the reputational equilibrium in a class of linear quadratic Gaussian dynamic games with noisy control. This equilibrium is particularly simple to describe and tractable. There is imperfect monitoring but a sequential equilibrium is found where the uninformed agents always smoothly learn the type of the informed agent. Reputation effects are temporary in the infinite horizon case for positive discount rates; as the discount factor tends to unity there is a permanent reputation. Copyright 1993 by Royal Economic Society.
Date: 1993
References: Add references at CitEc
Citations:
Downloads: (external link)
http://links.jstor.org/sici?sici=0030-7653%2819930 ... 0.CO%3B2-3&origin=bc full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:oxecpp:v:45:y:1993:i:1:p:42-57
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
Oxford Economic Papers is currently edited by James Forder and Francis J. Teal
More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().