2 resultados para Incomplete contract

em QSpace: Queen's University - Canada


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In this project we review the effects of reputation within the context of game theory. This is done through a study of two key papers. First, we examine a paper from Fudenberg and Levine: Reputation and Equilibrium Selection in Games with a Patient Player (1989). We add to this a review Gossner’s Simple Bounds on the Value of a Reputation (2011). We look specifically at scenarios in which a long-run player faces a series of short-run opponents, and how the former may develop a reputation. In turn, we show how reputation leads directly to both lower and upper bounds on the long-run player’s payoffs.

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Presentation to the Conference on “Rethinking the Line: the Canada-U.S. Border,” Vancouver, British Columbia, October 22-25, 2000.