Cheap Talk and Co-ordination with Payoff Uncertainty
Two players seek to co-ordinate their behavior in an incomplete information setting. We show that if each player's preferences over his opponent's action is independent of his own action or type, then cheap talk cannot expand the set of equilibrium outcomes.
|Date of creation:||Dec 1998|
|Publication status:||Published in Journal of Economic Theory (2002), 105(2): 450-468|
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