Disappearing Private Reputations in Long-Run Relationships

36 Pages Posted: 1 Mar 2004

See all articles by Martin Cripps

Martin Cripps

Washington University in St. Louis - John M. Olin Business School; University College London - Department of Economics

George J. Mailath

University of Pennsylvania - Department of Economics; Research School of Economics, ANU

Larry Samuelson

Yale University - Department of Economics; Yale University - Cowles Foundation

Date Written: March 1, 2004

Abstract

For games of public reputation with uncertainty over types and imperfect public monitoring, Cripps, Mailath, and Samuelson (2004) showed that an informed player facing short-lived uninformed opponents cannot maintain a permanent reputation for playing a strategy that is not part of an equilibrium of the game without uncertainty over types. This paper extends that result to games in which the uninformed player is long-lived and has private beliefs, so that the informed player's reputation is private.

Keywords: Reputation, Imperfect Monitoring, Repeated Games, Commitment, Private Beliefs

JEL Classification: C70, C78

Suggested Citation

Cripps, Martin and Cripps, Martin and Mailath, George J. and Samuelson, Larry, Disappearing Private Reputations in Long-Run Relationships (March 1, 2004). Available at SSRN: https://ssrn.com/abstract=511243 or http://dx.doi.org/10.2139/ssrn.511243

Martin Cripps

Washington University in St. Louis - John M. Olin Business School ( email )

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University College London - Department of Economics ( email )

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George J. Mailath (Contact Author)

University of Pennsylvania - Department of Economics ( email )

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Larry Samuelson

Yale University - Department of Economics ( email )

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Yale University - Cowles Foundation

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