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Full revelation of information in Sender-Receiver games of persuasion

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  • Mathis, Jérôme

Abstract

We provide necessary and sufficient conditions on both players' preferences and information that can be certified for a Sender-Receiver game to possess a separating equilibrium, as well as sufficient conditions for every equilibrium of such a game to be separating. Accordingly, we generalize Seidmann and Winter's [D.J. Seidmann, E. Winter, Strategic information transmission with verifiable messages, Econometrica 65 (1997) 163-170] results to games with partial provability.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 143 (2008)
Issue (Month): 1 (November)
Pages: 571-584

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Handle: RePEc:eee:jetheo:v:143:y:2008:i:1:p:571-584

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Web page: http://www.elsevier.com/locate/inca/622869

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Keywords: Disclosure of certifiable information Partial provability Persuasion Separating equilibrium Verifiable types;

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References

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  1. Okuno-Fujiwara, Masahiro & Postlewaite, Andrew & Suzumura, Kotaro, 1990. "Strategic Information Revelation," Review of Economic Studies, Wiley Blackwell, vol. 57(1), pages 25-47, January.
  2. Wolinsky, Asher, 2003. "Information transmission when the sender's preferences are uncertain," Games and Economic Behavior, Elsevier, vol. 42(2), pages 319-326, February.
  3. Grossman, Sanford J, 1981. "The Informational Role of Warranties and Private Disclosure about Product Quality," Journal of Law and Economics, University of Chicago Press, vol. 24(3), pages 461-83, December.
  4. Grossman, S J & Hart, O D, 1980. " Disclosure Laws and Takeover Bids," Journal of Finance, American Finance Association, vol. 35(2), pages 323-34, May.
  5. Crawford, Vincent P & Sobel, Joel, 1982. "Strategic Information Transmission," Econometrica, Econometric Society, vol. 50(6), pages 1431-51, November.
  6. H.S. Shin, 1994. "News Management and the Value of Firms," RAND Journal of Economics, The RAND Corporation, vol. 25(1), pages 58-71, Spring.
  7. FORGES, Françoise, . "Equilibria with communication in a job market example," CORE Discussion Papers RP -885, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  8. Thomas Lanzi & Jerome Mathis, 2008. "Consulting an Expert with Potentially Conflicting Preferences," Theory and Decision, Springer, vol. 65(3), pages 185-204, November.
  9. Koessler, Frederic, 2003. "Persuasion games with higher-order uncertainty," Journal of Economic Theory, Elsevier, vol. 110(2), pages 393-399, June.
  10. Fishman, Michael J & Hagerty, Kathleen M, 1990. "The Optimal Amount of Discretion to Allow in Disclosure," The Quarterly Journal of Economics, MIT Press, vol. 105(2), pages 427-44, May.
  11. Shin Hyun Song, 1994. "The Burden of Proof in a Game of Persuasion," Journal of Economic Theory, Elsevier, vol. 64(1), pages 253-264, October.
  12. Daniel J. Seidmann & Eyal Winter, 1997. "Strategic Information Transmission with Verifiable Messages," Econometrica, Econometric Society, vol. 65(1), pages 163-170, January.
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Citations

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Cited by:
  1. Mikhail Golosov, 2009. "Dynamic Strategic Information Transmission," 2009 Meeting Papers 181, Society for Economic Dynamics.
  2. Thomas Lanzi & Jerome Mathis, 2008. "Consulting an Expert with Potentially Conflicting Preferences," Theory and Decision, Springer, vol. 65(3), pages 185-204, November.
  3. Ryan, Matthew & Vaithianathan, Rhema, 2011. "Verifiability and neologism-proofness in a Sender-Receiver game," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 256-262, August.
  4. Alessandro Ispano, 2013. "Information Acquisition and the Value of bad News," Working Papers 2013-36, Centre de Recherche en Economie et Statistique.
  5. Thomas Lanzi & Jerome Mathis, 2011. "How to consult an expert? Opinion versus evidence," Theory and Decision, Springer, vol. 70(4), pages 447-474, April.
  6. Giovannoni, Francesco & Seidmann, Daniel J., 2007. "Secrecy, two-sided bias and the value of evidence," Games and Economic Behavior, Elsevier, vol. 59(2), pages 296-315, May.
  7. repec:hal:wpaper:halshs-00652279 is not listed on IDEAS
  8. Eduardo Perez-Richet, 2012. "Competing with Equivocal Information," Working Papers hal-00675126, HAL.
  9. Péter Eső & Ádám Galambos, 2013. "Disagreement and evidence production in strategic information transmission," International Journal of Game Theory, Springer, vol. 42(1), pages 263-282, February.
  10. Jeanne Hagenbach & Frédéric Koessler, 2011. "Full Disclosure in Decentralized Organizations," PSE Working Papers halshs-00652279, HAL.

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