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Reputation Effects in Dynamic Games

Martin Cripps

No 268363, Economic Research Papers from University of Warwick - Department of Economics

Abstract: The solution of a reputational equilibrium is given for a class of linear, quadratic, gaussian dynamic games with noisy control. Although there is imperfect monitoring, a sequential equilibrium is found where the uninformed agents always smoothly learn the type of the informed agent, there is no sudden switch in agents' strategies; a common feature of reputation models. 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.

Keywords: Public Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 28
Date: 1989-10-10
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Related works:
Working Paper: REPUTATION EFFECTS IN DYNAMIC GAMES (1989) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268363

DOI: 10.22004/ag.econ.268363

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