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Reputation Building Under Uncertain Monitoring

Deb, Joyee - 2016

We study a canonical model of reputation between a long-run player and a sequence of short-run opponents, in which the … long-run player is privately informed about an uncertain state that determines the monitoring structure in the reputation … sufficient conditions (on the monitoring structure and the type space) to obtain reputation building in this setting …

Persistent link: https://www.econbiz.de/10012990091

Reputation with Opportunities for Coasting

Deb, Joyee - 2016

Reputation concerns can discipline agents to take costly effort and generate good outcomes. But what if outcomes are … not always observed? We consider a model of reputation with shifting observability, and ask how this affects agents … reputation incentives and encourage effort. If an agent anticipates that outcomes may not be observed in the future, the benefits …

Persistent link: https://www.econbiz.de/10012990092

Dynamic Auctions : A Survey

Bergemann, Dirk; Said, Maher - 2010

We survey the recent literature on designing auctions and mechanisms for dynamic settings. Two settings are considered: those with a dynamic population of agents whose private information remains fixed throughout time; and those with a fixed population of agents whose private information changes...

Persistent link: https://www.econbiz.de/10014195204

Dynamic Mechanisms Without Money

Horner, Johannes - 2015

We analyze the optimal design of dynamic mechanisms in the absence of transfers. The designer uses future allocation decisions as a way of eliciting private information. Values evolve according to a two-state Markov chain. We solve for the optimal allocation rule, which admits a simple...

Persistent link: https://www.econbiz.de/10013028417

Dynamic Auctions : A Survey

Bergemann, Dirk - 2010

We survey the recent literature on designing auctions and mechanisms for dynamic settings. Two settings are considered: those with a dynamic population of agents or buyers whose private information remains fixed throughout time; and those with a fixed population of agents or buyers whose private...

Persistent link: https://www.econbiz.de/10013146386

Market-Minded Informational Intermediary and Unintended Welfare Loss

Xu, Wenji; Yang, Kai Hao - 2022

This paper examines the welfare effects of informational intermediation. A (shortlived) seller sets the price of a product that is sold through a (long-lived) informational intermediary. The intermediary can disclose information about the product to consumers, earns a fixed percentage of the...

Persistent link: https://www.econbiz.de/10013295534

Reputation Effects and Equilibrium Degeneracy in Continuous-Time Games

Faingold, Eduardo - 2010

We study a class of continuous-time reputation games between a large player and a population of small players in which …

Persistent link: https://www.econbiz.de/10012759885

Dynamic Moral Hazard Without Commitment

Horner, Johannes - 2015

We study a discrete-time model of repeated moral hazard without commitment. In every period, a principal finances a project, choosing the scale of the project and a contingent payment plan for an agent, who has the opportunity to appropriate the returns of a successful project unbeknownst the...

Persistent link: https://www.econbiz.de/10013027917

Robust Predictions in Games with Incomplete Information

Bergemann, Dirk; Morris, Stephen - 2011

We analyze games of incomplete information and offer equilibrium predictions which are valid for, and in this sense robust to, all possible private information structures that the agents may have. We completely characterize the set of Bayes correlated equilibria in a class of games with...

Persistent link: https://www.econbiz.de/10014175012

Robust Predictions in Games with Incomplete Information

Bergemann, Dirk; Morris, Stephen - 2011

We analyze games of incomplete information and offer equilibrium predictions which are valid for all possible private information structures that the agents may have. Our characterization of these robust predictions relies on an epistemic result which establishes a relationship between the set...

Persistent link: https://www.econbiz.de/10014177259