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Long Persuasion Games

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  • Francoise Forges

    ()
    (CEREMADE, Paris-Dauphine University)

  • Frederic Koessler

    ()
    (THEMA, Université de Cergy-Pontoise)

Abstract

This paper characterizes geometrically the set of all Nash 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 (2003), 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 THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise in its series THEMA Working Papers with number 2006-01.

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Date of creation: Feb 2006
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Handle: RePEc:ema:worpap:2006-01

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Keywords: Cheap talk; communication; diconvexification; dimartingale; disclosure of certifiable information; jointly controlled lotteries; long conversation; persuasion; verifiable types;

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Cited by:
  1. Nicolas Jacquemet & Frédéric Koessler, 2011. "Using or Hiding Private Information ? An Experimental Study of Zero-Sum Repeated Games with Incomplete Information," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00565157, HAL.
  2. Mikhail Golosov & Vasiliki Skreta & Aleh Tsyvinski & Andrea Wilson, 2011. "Dynamic Strategic Information Transmission," EIEF Working Papers Series 1110, Einaudi Institute for Economics and Finance (EIEF), revised May 2011.
  3. Johannes Horner & Andrzej Skrzypacz, 2009. "Selling Information," Cowles Foundation Discussion Papers, Cowles Foundation for Research in Economics, Yale University 1743R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2011.
  4. Ben-Porath, Elchanan & Lipman, Barton L., 2012. "Implementation with partial provability," Journal of Economic Theory, Elsevier, Elsevier, vol. 147(5), pages 1689-1724.
  5. Wagner, P.Achim, 2011. "Unmediated communication with partially verifiable types," Journal of Mathematical Economics, Elsevier, vol. 47(1), pages 99-107, January.
  6. 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.

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