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Long persuasion games

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  • Koessler, Frédéric
  • Forges, Françoise

Abstract

This paper characterizes geometrically the sets of all Nash and perfect Bayesian equilibrium payoffs achievable with unmediated communication in persuasion games, i.e., games with an informed expert and an uninformed decisionmaker in which the expert's information is certifiable. The first equilibrium characterization is provided for unilateral persuasion games, and the second for multistage, bilateral persuasion games. As in Aumann and Hart [R.J. Aumann, S. Hart, Long cheap talk, Econometrica 71 (6) (2003) 1619–1660], we use the concepts of diconvexification and dimartingale. A leading example illustrates both geometric characterizations and shows how the expert, whatever his type, can increase his equilibrium payoff compared to all equilibria of the unilateral persuasion game by delaying information certification.

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Paper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/179.

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Date of creation: May 2008
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Publication status: Published in Journal of Economic Theory, 2008, Vol. 143, no. 1. pp. 1-35.Length: 34 pages
Handle: RePEc:dau:papers:123456789/179

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Keywords: Information privée; jeux non-coopératifs;

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Cited by:
  1. Elchanan Ben-Porath & Barton L. Lipman, 2009. "Implementation and Partial Provability," Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics wp2009-002, Boston University - Department of Economics.
  2. Johannes Horner & Andrzej Skrzypacz, 2013. "Selling Information," Levine's Working Paper Archive 786969000000000680, David K. Levine.
  3. Wagner, P.Achim, 2011. "Unmediated communication with partially verifiable types," Journal of Mathematical Economics, Elsevier, vol. 47(1), pages 99-107, January.
  4. Mikhail Golosov & Vasiliki Skreta & Aleh Tsyvinski & Andrea Wilson, 2013. "Dynamic Strategic Information Transmission," Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics 13-03, New York University, Leonard N. Stern School of Business, Department of Economics.
  5. Nicolas Jacquemet & Frédéric Koessler, 2011. "Using or Hiding Private Information? An experimental Study of Zero-Sum Repeated Games with Incomplete Information," Documents de travail du Centre d'Economie de la Sorbonne, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne 11002, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  6. Ben-Porath, Elchanan & Lipman, Barton L., 2012. "Implementation with partial provability," Journal of Economic Theory, Elsevier, Elsevier, vol. 147(5), pages 1689-1724.

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