Sending information to interactive receivers playing a generalized prisoners' dilemma
AbstractConsider the problem of information disclosure for a planner who faces two agents interacting in a state-dependent multi-action prisoners' dilemma. We find conditions under which the planner can make use of his superior information by disclosing some of it to the agents, and conditions under which such information leakage is not possible. Although the problem is entirely symmetric, the planner's only way to reveal part of the information is based on creating asymmetries between the two agents by giving them different pieces of information. We also find conditions under which such partially informative equilibria are the planner's best equilibria.
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Bibliographic InfoPaper provided by Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales in its series Working Papers with number 2010-20.
Date of creation: 12 Oct 2010
Date of revision:
Information disclosure; generalized prisoners' dilemma; uninformative equilibria; partially or fully informative equilibria;
Other versions of this item:
- Kfir Eliaz & Roberto Serrano, 2010. "Sending Information to Interactive Receivers Playing a Generalized Prisoners Dilemma," Working Papers 2010-16, Brown University, Department of Economics.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-10-23 (All new papers)
- NEP-CDM-2010-10-23 (Collective Decision-Making)
- NEP-CTA-2010-10-23 (Contract Theory & Applications)
- NEP-GTH-2010-10-23 (Game Theory)
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