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Implementation of communication equilibria by correlated cheap talk: The two-player case

  • Forges, Françoise

    ()

    (CEREMADE and LEDa, Universite Paris-Dauphine and Institut Universitaire de France)

  • Vida, Péter

    ()

    (Department of Economics, University of Mannheim)

We show that essentially every communication equilibrium of any finite Bayesian game with two players can be implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian game, the players engage in a possibly infinitely long (but in equilibrium almost surely finite), direct, cheap talk.

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Article provided by Econometric Society in its journal Theoretical Economics.

Volume (Year): 8 (2013)
Issue (Month): 1 (January)
Pages:

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Handle: RePEc:the:publsh:944
Contact details of provider: Web page: http://econtheory.org

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