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Bad reputation

Bad reputation
Bad reputation
We construct a model where the reputational concern of the long-run player to look good in the current period results in the loss of all surplus. This is in contrast to the bulk of the literature on reputations where such considerations mitigate myopic incentive problems. We also show that in models where all parties have long-run objectives, such losses can be avoided.
0033-5533
785-814
Ely, Jeffrey C.
6c05937e-0d4a-4cee-b510-a5c8db010c03
Välimäki, Juuso
d9473b09-7596-44dd-ab49-6904c9585e69
Ely, Jeffrey C.
6c05937e-0d4a-4cee-b510-a5c8db010c03
Välimäki, Juuso
d9473b09-7596-44dd-ab49-6904c9585e69

Ely, Jeffrey C. and Välimäki, Juuso (2003) Bad reputation. Quarterly Journal of Economics, 118 (3), 785-814. (doi:10.1162/00335530360698423).

Record type: Article

Abstract

We construct a model where the reputational concern of the long-run player to look good in the current period results in the loss of all surplus. This is in contrast to the bulk of the literature on reputations where such considerations mitigate myopic incentive problems. We also show that in models where all parties have long-run objectives, such losses can be avoided.

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Published date: 2003

Identifiers

Local EPrints ID: 33407
URI: https://eprints.soton.ac.uk/id/eprint/33407
ISSN: 0033-5533
PURE UUID: db3750d9-0a36-425e-a039-981a0caedee2

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Date deposited: 15 May 2006
Last modified: 17 Jul 2017 15:52

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