Maintaining a Reputation when Strategies are Imperfectly Observed

S-Tier
Journal: Review of Economic Studies
Year: 1992
Volume: 59
Issue: 3
Pages: 561-579

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper studies reputation effects in games with a single long-run player whose choice of stage-game strategy is imperfectly observed by his opponents. We obtain lower and upper bounds on the long-run player's payoff in any Nash equilibrium of the game. If the long-run player's stage-game strategy is statistically identified by the observed outcomes, then for generic payoffs the upper and lower bounds both converge, as the discount factor tends to 1, to the long-run player's Stackelberg payoff, which is the most he could obtain by publicly committing himself to any strategy.

Technical Details

RePEc Handle
repec:oup:restud:v:59:y:1992:i:3:p:561-579.
Journal Field
General
Author Count
2
Added to Database
2026-01-25