Incomplete observation leaves indirect-reciprocity cooperation conditions unchanged while reputation fading increases the required benefit-to-cost ratio; punishment norms sustain cooperation in the fading model without efficiency loss.
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Incomplete Reputation Information and Punishment in Indirect Reciprocity
Incomplete observation leaves indirect-reciprocity cooperation conditions unchanged while reputation fading increases the required benefit-to-cost ratio; punishment norms sustain cooperation in the fading model without efficiency loss.