Econometrica: Sep 2011, Volume 79, Issue 5
Simple Bounds on the Value of a Reputation
https://doi.org/10.3982/ECTA9385
p.
1627-1641
Olivier Gossner
We introduce entropy techniques to study the classical reputation model in which a long‐run player faces a series of short‐run players. The long‐run player's actions are possibly imperfectly observed. We derive explicit lower and upper bounds on the equilibrium payoffs to the long‐run player.Log In To View Full Content