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Dynamic sender-receiver games

Listed author(s):
  • Nicolas Vieille

    ()

    (GREGH - Groupement de Recherche et d'Etudes en Gestion à HEC - HEC Paris - Ecole des Hautes Etudes Commerciales - CNRS - Centre National de la Recherche Scientifique)

  • Eilon Solan

    (School of Mathematical Sciences [Tel Aviv] - Raymond and Beverly Sackler Faculty of Exact Sciences - Tel Aviv University)

  • Jérôme Renault

    (GREMAQ - Groupe de recherche en économie mathématique et quantitative - UT1 - Université Toulouse 1 Capitole - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique)

We consider a dynamic version of sender-receiver games, where the sequence of states follows an irreducible Markov chain observed by the sender. Under mild assumptions, we provide a simple characterization of the limit set of equilibrium payoffs, as players become very patient. Under these assumptions, the limit set depends on the Markov chain only through its invariant measure. The (limit) equilibrium payoffs are the feasible payoffs that satisfy an individual rationality condition for the receiver, and an incentive compatibility condition for the sender.

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Paper provided by HAL in its series Post-Print with number hal-00804028.

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Date of creation: Mar 2013
Publication status: Published in Journal of Economic Theory, Elsevier, 2013, 148 (2), pp.502-534. <10.1016/j.jet.2012.07.006>
Handle: RePEc:hal:journl:hal-00804028
DOI: 10.1016/j.jet.2012.07.006
Note: View the original document on HAL open archive server: https://hal-hec.archives-ouvertes.fr/hal-00804028
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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