Econometrica: Mar 2004, Volume 72, Issue 2
Imperfect Monitoring and Impermanent Reputations
Martin W. Cripps, George J. Mailath, Larry SamuelsonWe 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 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.
Log In To View Full Content