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Imperfect Monitoring and Impermanent Reputations

Martin Cripps, George Mailath () and Larry Samuelson ()
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Larry Samuelson: Department of Economics, University of Wisconsin-Madison

PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

Abstract: We study the long-run sustainability of reputations in games with imperfect public monitoring. It is impossible to maintain a permanent reputation for playing a strategy that does not play an equilibrium of the game without uncertainty about types. Thus, a player cannot indefinitely sustain a reputation for non-credible behavior in the presence of imperfect monitoring.

Keywords: Reputation; Imperfect Monitoring; Repeated Games (search for similar items in EconPapers)
JEL-codes: C70 C78 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2002-07-30, Revised 2003-05-30
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Related works:
Working Paper: Imperfect Monitoring and Impermanent Reputations (2010) Downloads
Journal Article: Imperfect Monitoring and Impermanent Reputations (2004) Downloads
Working Paper: Imperfect monitoring and impermanent reputations (2002) Downloads
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