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Sending Information to Interactive Receivers Playing a Generalized Prisoners Dilemma

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Abstract

Consider the problem of information disclosure for a planner who faces two agents interacting in a state-dependent multi-action prisoners?dilemma. We ?nd conditions under which the planner can make use of his superior information by disclosing some of it to the agents, and conditions under which such information leakage is not possible. Although the problem is entirely symmetric, the planner?s only way to reveal part of the information is based on creating asymmetries between the two agents by giving them di§erent pieces of information. We also ? nd conditions under which such partially informative equilibria are the planner?s best equilibria.

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  • Kfir Eliaz & Roberto Serrano, 2010. "Sending Information to Interactive Receivers Playing a Generalized Prisoners Dilemma," Working Papers 2010-16, Brown University, Department of Economics.
    • Handle: RePEc:bro:econwp:2010-16
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    Cited by:

    1. Frédéric Koessler & Marie Laclau & Tristan Tomala, 2022. "Interactive Information Design," Mathematics of Operations Research, INFORMS, vol. 47(1), pages 153-175, February.
    2. Myeonghwan Cho, 2019. "Investor’s Information Sharing with Firms in Oligopoly," Korean Economic Review, Korean Economic Association, vol. 35, pages 439-469.
    3. Frédéric Koessler & Vasiliki Skreta, 2023. "Informed Information Design," Journal of Political Economy, University of Chicago Press, vol. 131(11), pages 3186-3232.
    4. Skreta, Vasiliki & Koessler, Frédéric, 2021. "Information Design by an Informed Designer," CEPR Discussion Papers 15709, C.E.P.R. Discussion Papers.
    5. Eliaz, Kfir & Forges, Françoise, 2015. "Information disclosure to Cournot duopolists," Economics Letters, Elsevier, vol. 126(C), pages 167-170.
    6. Ghosh, Gagan & Liu, Heng, 2020. "Voluntary information disclosure to Cournot oligopolists," Economics Letters, Elsevier, vol. 197(C).
    7. Tomala, Tristan & Koessler, Frederic & Laclau, Marie, 2018. "Interactive Information Design," HEC Research Papers Series 1260, HEC Paris, revised 02 May 2018.

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    Keywords

    Information Disclosure; Generalized Prisoners Dilemma; Uninformative Equilibria; Partially or Fully Informative Equilibria;
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