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Within-group communication in competitive coordination games has been shown to increase competition between groups and … lower efficiency. This study further explores potentially harmful effects of communication, by addressing the questions of … (i) asymmetric communication and (ii) the endogenous emergence of communication. Our theoretical analysis provides …
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Chakraborty and Harbaugh (2010) prove the existence of influential cheap talk equilibria in one sender one receiver games when the state is multidimensional and the preferences of the sender are state-independent. We show that only the babbling equilibrium survives the introduction of any small...
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An equilibrium is communication-proof if it is unaffected by new opportunities to communicate and renegotiate. We … characterize the set of equilibria of coordination games with pre-play communication in which players have private preferences over … the feasible coordinated outcomes. Communication-proof equilibria provide a narrow selection from the large set of …
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Chakraborty and Harbaugh (2010) prove the existence of influential cheap talk equilibria in one sender one receiver games when the state is multidimensional and the preferences of the sender are state-independent. We show that only the babbling equilibrium survives the introduction of any small...
Persistent link: https://www.econbiz.de/10010193243
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