An Economist's View of Reputation: Some Models and Applications

An Economist's View of Reputation: Some Models and Applications

Steven Tadelis
Department of Economics
Stanford University

Monday, October 18, 2004
4:30 - 5:45 PM
Terman Engineering Center, Room 453

Abstract:

Theoretical models in economics treat the notion of "Reputation" in several ways, using models that incorporate adverse selection (hidden information), moral hazard (hidden action) or both. The different approaches have different implications as to the mechanism that supports the beliefs of players, or clients, in these reputation driven interactions. Some key features of the different approaches are discussed, as are important pitfalls and possible applications.

Operations Research Colloquia: http://or.stanford.edu/oras_seminars.html