Demichelis, Stefano; Weibull, Jorgen W. - In: American Economic Review 98 (2008) 4, pp. 1292-1311
Language is a powerful coordination device. We generalize the cheap-talk approach to pre-play communication by way of introducing a meaning correspondence between messages and actions, and by postulating two axioms met by natural languages. Players have a lexicographic preference, second to...