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- W3144745780 abstract "We study an infinitely repeated game where two players with equal discount factors play a simultaneous-move stage game. Player one monitors the stage- game actions of player two imperfectly, while player two monitors the pure stage- game actions of player one perfectly. Player one’s type is private information and he may be a “commitment type,” drawn from a countable set of commitment types, who is locked into playing a particular strategy. Under a full-support assumption on the monitoring structure, we prove a reputation result for repeated moral hazard games: if there is positive probability that player one is a particular type whose commitment payoff is equal to player one’s highest payoff, consistent with the players’ individual rationality, then a patient player one secures this type’s commitment payoff in any Bayes-Nash equilibrium of the repeated game." @default.
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- W3144745780 date "2014-01-01" @default.
- W3144745780 modified "2023-09-27" @default.
- W3144745780 title "Reputation in Repeated Moral Hazard Games" @default.
- W3144745780 hasPublicationYear "2014" @default.
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