Econometrica Vol. 72 No. 2 2004
Imperfect Monitoring and Impermanent Reputations
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 noncredible behavior in the presence of imperfect monitoring.
- DOI
- 10.1111/j.1468-0262.2004.00496.x
- Volume
- 72
- Issue
- 2
- Pages
- 407-432
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref