Sequential Equilibria in Bayesian Games with Communication
Abstract
We study the effects of communication in Bayesian games when the players are sequentially rational but some combinations of types have zero probability. Not all communication equilibria can be implemented as sequential equilibria. We define the set of strong sequential equilibria (SSCE) and characterize it. SSCE differs from the concept of sequential communication equilibrium (SCE) defined by Myerson (1986) in that SCE allows the possibility of trembles by the mediator. We show that these two concepts coincide when there are three or more players, but the set of SSCE may be strictly smaller than the set of SCE for two-player games.Download Info
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Paper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 1542.Length: 39 pages
Date of creation: Dec 2005
Date of revision:
Publication status: Published in Games and Economic Behavior (2007), 60: 104-134
Handle: RePEc:cwl:cwldpp:1542
Note: CFP 1237.
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Phone: (203) 432-3702
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
Related research
Keywords: Bayesian games; Communication; Communication equilibrium; Sequential communication equilibrium;Other versions of this item:
- Gerardi, Dino & Myerson, Roger B., 2007. "Sequential equilibria in Bayesian games with communication," Games and Economic Behavior, Elsevier, vol. 60(1), pages 104-134, July.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-12-14 (All new papers)
- NEP-GTH-2005-12-14 (Game Theory)
- NEP-MIC-2005-12-14 (Microeconomics)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Izmalkov, Sergei & Lepinski, Matt & Micali, Silvio, 2011.
"Perfect implementation,"
Games and Economic Behavior,
Elsevier, vol. 71(1), pages 121-140, January.
- Sergei Izmalkov & Matt Lepinski & Silvio Micali, 2010. "Perfect Implementation," Working Papers w0140, Center for Economic and Financial Research (CEFIR).
- Forges, Françoise, 2012. "Correlated equilibria and communication in games," Open Access publications from Université Paris-Dauphine urn:hdl:123456789/171, Université Paris-Dauphine.
- Dai Zusai, 2012. "Excess Liquidity against Predation," DETU Working Papers 1201, Department of Economics, Temple University.
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