Imperfect Monitoring and Impermanent Reputations, Second Version

We study the long-run sustainability of reputations in games with imperfect public monitoring. It is impossible tomaintain a permanent reputation for playing a strategy that does not play an equilibrium of the game without uncertainty about types. Thus, a player cannot indefinitely sustain a reputation for non-credible behavior in the presence of imperfect monitoring.

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Paper Number
03-016
Year
2003