A Note on Reputation:: More on the Chain-Store Paradox

Jordi Massó

doi:10.1006/game.1996.0059

A Note on Reputation: More on the Chain-Store Paradox

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Resum

This note considers the reputation phenomenon in the context of the Chain-Store Paradox. Two major aspects of the perfect information assumption are relaxed: potential entrants do not know the ordering in which they have to make their entry decisions and they do not have full knowledge of the past history of the market. It is shown that, without introducing private information or changing the nature of the conflict, there exist sequential equilibria of the game with imperfect information in which the monopolist is willing to build reputation.

Idioma original	Anglès
Número d’article	0059
Pàgines (de-a)	55-81
Nombre de pàgines	27
Revista	Games and Economic Behavior
Volum	15
Número	1
DOIs	https://doi.org/10.1006/game.1996.0059
Estat de la publicació	Publicada - 1 de gen. 1996

Accés al document

10.1006/game.1996.0059Llicència: No especificat

Comportaments estratègics i disseny de mecanismes
Barberà, S. (PI), Macho Stadler, I. (Investigador/a), Martínez Giralt, X. (Investigador/a), Massó, J. (Investigador/a), Olivella, P. (Investigador/a), Perez Castrillo, J. D. (Investigador/a), Ponsati Obiols, C. (Investigador/a) & Vila Carnicero, F. J. (Investigador/a)
Dirección General de Investigación Científica y Técnica (DGICyT)
2/06/93 → 2/06/97
Projecte: Projectes i Ajuts a la Recerca
Estudis sobre comportament estratègic: teoria de jocs, aplicacions i experiments
Barberà, S. (PI), Burguet Verde, R. (Investigador/a), Fradera Garriga, I. (Investigador/a), Macho Stadler, I. (Investigador/a), Massó, J. (Investigador/a), Olivella, P. (Investigador/a), Perez Castrillo, J. D. (Investigador/a), Petith , H. C. (Investigador/a) & Ponsati Obiols, C. (Investigador/a)
Dirección General de Investigación Científica y Técnica (DGICyT)
2/08/90 → 2/08/93
Projecte: Projectes i Ajuts a la Recerca
Competència imperfecta i mercats financers
Matutes Juan, C. (PI), Caballé, J. (Investigador/a), Martínez Giralt, X. (Investigador/a) & Massó, J. (Investigador/a)
Comisión Interministerial de Ciencia y Tecnología (CICYT)
1/01/90 → 31/12/93
Projecte: Projectes i Ajuts a la Recerca

Com citar-ho

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title = "A Note on Reputation:: More on the Chain-Store Paradox",

abstract = "This note considers the reputation phenomenon in the context of the Chain-Store Paradox. Two major aspects of the perfect information assumption are relaxed: potential entrants do not know the ordering in which they have to make their entry decisions and they do not have full knowledge of the past history of the market. It is shown that, without introducing private information or changing the nature of the conflict, there exist sequential equilibria of the game with imperfect information in which the monopolist is willing to build reputation.",

author = "Jordi Mass{\'o}",

note = "Financial support from Research Grants PB89–0075, PB89–0294, and PB92–0590 from the Direcci{\'o}n General de la Investigac{\'o}n Cientif{\'i}ca y T{\'e}cnica, Spanish Ministry of Education, is acknowledged.",

year = "1996",

month = jan,

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doi = "10.1006/game.1996.0059",

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journal = "Games and Economic Behavior",

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PY - 1996/1/1

Y1 - 1996/1/1

N2 - This note considers the reputation phenomenon in the context of the Chain-Store Paradox. Two major aspects of the perfect information assumption are relaxed: potential entrants do not know the ordering in which they have to make their entry decisions and they do not have full knowledge of the past history of the market. It is shown that, without introducing private information or changing the nature of the conflict, there exist sequential equilibria of the game with imperfect information in which the monopolist is willing to build reputation.

AB - This note considers the reputation phenomenon in the context of the Chain-Store Paradox. Two major aspects of the perfect information assumption are relaxed: potential entrants do not know the ordering in which they have to make their entry decisions and they do not have full knowledge of the past history of the market. It is shown that, without introducing private information or changing the nature of the conflict, there exist sequential equilibria of the game with imperfect information in which the monopolist is willing to build reputation.

U2 - 10.1006/game.1996.0059

DO - 10.1006/game.1996.0059

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JO - Games and Economic Behavior

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A Note on Reputation: More on the Chain-Store Paradox

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Projectes

Comportaments estratègics i disseny de mecanismes

Estudis sobre comportament estratègic: teoria de jocs, aplicacions i experiments

Competència imperfecta i mercats financers

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