Cheap Talk and Co-ordination with Payoff Uncertainty
AbstractTwo players seek to co-ordinate their behavior in an incomplete information setting. We show that if each player's preferences over his opponent's action is independent of his own action or type, then cheap talk cannot expand the set of equilibrium outcomes.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 1203.
Length: 19 pages
Date of creation: Dec 1998
Date of revision:
Publication status: Published in Journal of Economic Theory (2002), 105(2): 450-468
Note: CFP 1043.
Contact details of provider:
Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA
Phone: (203) 432-3702
Fax: (203) 432-6167
Web page: http://cowles.econ.yale.edu/
More information through EDIRC
Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Atsushi Kajii & Stephen Morris, 1997.
"The Robustness of Equilibria to Incomplete Information,"
Econometric Society, vol. 65(6), pages 1283-1310, November.
- Atsushi Kajii & Stephen Morris, . "The Robustness of Equilibria to Incomplete Information," Penn CARESS Working Papers ed504c985fc375cbe719b3f60, Penn Economics Department.
- Atsushi Kajii & Stephen Morris, . ""The Robustness of Equilibria to Incomplete Information*''," CARESS Working Papres 95-18, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
- Watson, Joel, 1996. "Information Transmission When the Informed Party Is Confused," Games and Economic Behavior, Elsevier, vol. 12(1), pages 143-161, January.
- V. Crawford & J. Sobel, 2010.
"Strategic Information Transmission,"
Levine's Working Paper Archive
544, David K. Levine.
- Farrell, Joseph, 1986.
"Meaning and Credibility in Cheap-Talk Games,"
Department of Economics, Working Paper Series
qt4968n3fz, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Banks, Jeffrey S. & Calvert, Randall L., 1992. "A battle-of-the-sexes game with incomplete information," Games and Economic Behavior, Elsevier, vol. 4(3), pages 347-372, July.
- Seidmann, Daniel J., 1990. "Effective cheap talk with conflicting interests," Journal of Economic Theory, Elsevier, vol. 50(2), pages 445-458, April.
- Gary Charness, 1998.
"Pre-play communication and credibility: A test of Aumann's conjecture,"
Economics Working Papers
293, Department of Economics and Business, Universitat Pompeu Fabra.
- Charness, Gary B, 1998. "Pre-Play Communications And Credibility: A Test Of Aumann'S Conjecture," University of California at Santa Barbara, Economics Working Paper Series qt01j786tj, Department of Economics, UC Santa Barbara.
- Steven A. Matthews & M. Okuno-Fujiwara & Andrew Postlewaite, 1990.
"Refining Cheap-Talk Equilibria,"
892R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Rubinstein, Ariel, 1989. "The Electronic Mail Game: Strategic Behavior under "Almost Common Knowledge."," American Economic Review, American Economic Association, vol. 79(3), pages 385-91, June.
- Joseph Farrell & Matthew Rabin, 1996. "Cheap Talk," Journal of Economic Perspectives, American Economic Association, vol. 10(3), pages 103-118, Summer.
- Cooper, Russell & John, Andrew, 1988. "Coordinating Coordination Failures in Keynesian Models," The Quarterly Journal of Economics, MIT Press, vol. 103(3), pages 441-63, August.
- Albert Banal‐Estañol & Jo Seldeslachts, 2011.
Journal of Economics & Management Strategy,
Wiley Blackwell, vol. 20(2), pages 589-624, 06.
- Albert Banal-Estañol & Jo Seldeslachts, 2005. "Merger Failures," CIG Working Papers SP II 2005-09, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Albert Banal-Estañol & Jo Seldeslachts, 2009. "Merger failures," Economics Working Papers 1192, Department of Economics and Business, Universitat Pompeu Fabra.
- Baliga, Sandeep & Morris, Stephen, 2002.
"Co-ordination, Spillovers, and Cheap Talk,"
Journal of Economic Theory,
Elsevier, vol. 105(2), pages 450-468, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Glena Ames).
If references are entirely missing, you can add them using this form.