Cheap talk with two senders and complementary information
نویسندگان
چکیده
منابع مشابه
Cheap talk with two senders and complementary information
This paper studies a cheap talk model in which two senders having partial and non-overlapping private information simultaneously communicate with an uninformed receiver. The sensitivity of the receiver’s ideal action to one sender’s private information depends on the other sender’s private information. We show that the senders’information transmissions exhibit strategic complementarity: more in...
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We show that in multi-sender communication games where senders imperfectly observe the state, if the state space is large enough, then there can exist equilibria arbitrarily close to full revelation of the state as the noise in the senders’observations gets small. In the case of replacement noise, where the senders observe the true state with high probability, we show this under mild assumption...
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When an informed party can engage in cheap talk with more than one audience, we show how the presence of one audience may either discipline or subvert the speaker's relationship with the other audience. We ask how welfare is affected by public or private disclosure, and predict how much communication will take place. Keyvt^ords. cheap talk, signaling, communication, incentives. Cheap Talk with ...
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Communication in practice typically occurs through multiple channels, not all of which permit costless misrepresentation of private information. Accordingly, I study a model of strategic information transmission based on Crawford and Sobel (1982), but allow for communication through both cheap talk and messages on a second dimension where misreporting is costly. Using a forward-induction refine...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2013
ISSN: 0899-8256
DOI: 10.1016/j.geb.2013.02.001