Communication, correlation and cheap-talk in games with public information
AbstractThis paper studies extensive form games with public information where all players have the same information at each point in time. We prove that when there are at least three players, all communication equilibrium payoffs can be obtained by unmediated cheap-talk procedures. The result encompasses repeated games and stochastic games.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 74 (2012)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/inca/622836
Cheap-talk; Communication equilibrium; Normal-form correlated equilibrium; Distributed computation;
Other versions of this item:
- Heller, Yuval & Solan, Eilon & Tomala, Tristan, 2010. "Communication, correlation and cheap-talk in games with public information," MPRA Paper 25895, University Library of Munich, Germany.
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
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