Kartal, Melis. 2018. Honest Equilibria in Reputation Games: The Role of Time Preferences. American Economic Journal: Microeconomics. 10 (1), 278-314.
BibTeX
Abstract
New relationships are often plagued with uncertainty because one of the players has some private information about her "type." The reputation literature has shown that equilibria that reveal this private information typically involve breach of trust and conflict. But are these inevitable for equilibrium learning? I analyze self-enforcing relationships where one party is privately informed about her time preferences. I show that there always exist honest reputation equilibria, which fully reveal information and support cooperation without breach or conflict. I compare these to dishonest reputation equilibria from several perspectives. My results are applicable to a broad class of repeated games.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | American Economic Journal: Microeconomics |
Citation Index | SSCI |
WU-Journal-Rating new | FIN-A, VW-A, WH-B |
Language | English |
Title | Honest Equilibria in Reputation Games: The Role of Time Preferences |
Volume | 10 |
Number | 1 |
Year | 2018 |
Page from | 278 |
Page to | 314 |
Reviewed? | Y |
URL | https://pubs.aeaweb.org/doi/pdfplus/10.1257/mic.20160178 |
DOI | http://dx.doi.org/10.1257/mic.20160178 |
Open Access | N |
Associations
- People
- Kartal, Melis (Details)
- Organization
- Department of Economics (Sausgruber) (Details)
- Research areas (Ă–STAT Classification 'Statistik Austria')
- 5325 Political economics (Details)
- 5351 Public economy (Details)