Optimal Use of Communication Resources
We study a repeated game with asymmetric information about a dynamic state of nature. In the course of the game, the better-informed player can communicate some or all of his information to the other. Our model covers costly and/or bounded communication. We characterize the set of equilibrium payoffs and contrast these with the communication equilibrium payoffs, which by definition entail no communication costs. Copyright The Econometric Society 2006.
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Volume (Year): 74 (2006)
Issue (Month): 6 (November)
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