- Unmediated Talk Under Incomplete Information
AbstractWe show the role of unmediated plain conversation as both an information transmission and a coordination device for the class of two-player incomplete information games. Concretely, we proove that any communication equilibrium payoff of such games can be reached as a Nash equilibrium payoff of the game extended by a two phase (exante and interim) unmediated communication protocol. This protocol is constructed by using communicative one-way functions, which are, in turn, designed with the help of modern cryptographic tools. A familiar context in which our results could be applied is bilateral trading with incomplete information.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1999-07.
Length: 44 pages
Date of creation: May 1999
Date of revision:
Publication status: Published by Ivie
Unmediated community; correlated equilibrium;
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