We study the impact of unobservable replacements on the sustainability of reputation effects in frequently repeated …

, there is one-sided reputation building in bargaining, and commitment types on the short side determine the terms of trade …. In a balanced market where the entering flows are equal, there is twosided reputation building in bargaining, and … reputation concerns lead to inefficiency. An equilibrium with persistent delays is constructed. The magnitude of inefficiency is …

announcements is called a rating system. We show that, absent reputation effects, information censoring cannot improve attainable …, Mailath and Samuelson (2004), where it is shown that reputation effects do not last forever in such games if buyers can … the seller's payoff. -- Reputations ; Rating Systems ; Online Reputation Mechanisms ; Disappearing Reputations ; Permanent …

, i.e., a two-sided reputation result would hold. In this note we show that this conjecture is indeed true for a wide set … of stage games for which the one-sided reputation result of Atakan and Ekmekci (2008) holds. -- Repeated Games … ; Reputation ; Equal Discount Factor ; Long-run Players ; War of Attrition …

; Reputation ; Equal Discount Factor ; Long-run Players …

Previous work shows that reputation results may fail in repeated games between two long-run players with equal discount … reputation result. If player 1 is a particular commitment type with positive probability and player 2's actions are imperfectly … agents become patient. -- Repeated Games ; Reputation ; Equal Discount Factor ; Long-run Players ; Imperfect Observation …