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BAD REPUTATION UNDER BOUNDED AND FADING MEMORY.

I relax the full memory assumption in Ely and Välimäki's (2003) mechanic game, where reputation is bad. Under bounded memory (only recent periods are observed), long memory still yields bad reputation due to an 'echo' where bad signals cause future motorists to not hire, causing further lack of hiri...

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Publicado en:Economic Inquiry Vol. 56; no. 1; pp. 138 - 158
Autor principal: Sperisen, Benjamin
Formato: Artículo
Publicado: Wiley-Blackwell Jan2018
Materias:
Memory
Reputation
Consumer behavior
Decision making
Probability theory
Acceso en línea:Ver este registro en EBSCOhost