Mardi 11 octobre 2016 - 10 h 30 - salle Maurice Desplas
Chantal Marlats (LEMMA, Université Paris 2)
Reputation effects in stochastic games with two long-lived players.
I analyze reputation effects with two long- (but not equally long-) lived players in stochastic games, that is, in games in which payoffs depend on a state variable and the law of motion for states is a function of the current state and players' actions.
These games are suitable to study situations with irreversibility and termination.
I find two classes of stochastic games in which the reputation result of Evans and Thomas (1997) hold. I present economic applications of these classes.