Value of public information in sender–receiver games
I find in two classes of sender–receiver games that the receiver’s equilibrium payoff is not increasing in the informativeness of a public signal because the sender may transmit less information when the public signal is more informative.
References listed on IDEAS
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- Green, Jerry R. & Stokey, Nancy L., 2007.
"A two-person game of information transmission,"
Journal of Economic Theory,
Elsevier, vol. 135(1), pages 90-104, July.
- Jerry R. Green & Nancy L. Stokey, 1980. "A Two-Person Game of Information Transmission," Discussion Papers 418, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Seidmann, Daniel J., 1990. "Effective cheap talk with conflicting interests," Journal of Economic Theory, Elsevier, vol. 50(2), pages 445-458, April.
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- Olszewski, Wojciech, 2004. "Informal communication," Journal of Economic Theory, Elsevier, vol. 117(2), pages 180-200, August.
- repec:dpr:wpaper:0746 is not listed on IDEAS Full references (including those not matched with items on IDEAS)