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On consensus through communication without a commonly known protocol

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  • Tsakas, Elias
  • Voorneveld, Mark

Abstract

The present paper extends the standard model of pairwise communication among Bayesian agents to cases where the structure of the communication protocol is not commonly known. We show that, even under standard strict conditions on the structure of the protocols and the nature of the transmitted signals, a consensus may never be reached if very little asymmetric information about the protocol is introduced.

Suggested Citation

  • Tsakas, Elias & Voorneveld, Mark, 2011. "On consensus through communication without a commonly known protocol," Journal of Mathematical Economics, Elsevier, vol. 47(6), pages 733-739.
  • Handle: RePEc:eee:mateco:v:47:y:2011:i:6:p:733-739
    DOI: 10.1016/j.jmateco.2011.10.003
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    References listed on IDEAS

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    13. Krasucki, Paul, 1996. "Protocols Forcing Consensus," Journal of Economic Theory, Elsevier, vol. 70(1), pages 266-272, July.
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