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Sending information to interactive receivers playing a generalized prisoners' dilemma

Author

Listed:
  • Kfir Eliaz

    (Brown University)

  • Roberto Serrano

    (Brown University and IMDEA Social Sciences Institute)

Abstract

Consider the problem of information disclosure for a planner who faces two agents interacting in a state-dependent multi-action prisoners' dilemma. We find 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 different pieces of information. We also find conditions under which such partially informative equilibria are the planner's best equilibria.

Suggested Citation

  • Kfir Eliaz & Roberto Serrano, 2010. "Sending information to interactive receivers playing a generalized prisoners' dilemma," Working Papers 2010-20, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
  • Handle: RePEc:imd:wpaper:wp2010-20
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Tomala, Tristan & Koessler, Frederic & Laclau, Marie, 2018. "Interactive Information Design," HEC Research Papers Series 1260, HEC Paris, revised 02 May 2018.
    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, 2021. "Information Design by an Informed Designer," PSE Working Papers halshs-03107866, HAL.
    4. Eliaz, Kfir & Forges, Françoise, 2015. "Information disclosure to Cournot duopolists," Economics Letters, Elsevier, vol. 126(C), pages 167-170.
    5. Ghosh, Gagan & Liu, Heng, 2020. "Voluntary information disclosure to Cournot oligopolists," Economics Letters, Elsevier, vol. 197(C).

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    More about this item

    Keywords

    Information disclosure; generalized prisoners' dilemma; uninformative equilibria; partially or fully informative equilibria;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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