Levy, Gilat; Razin, Ronny - In: Econometrica 75 (2007) 3, pp. 885-893
We analyze a cheap talk game, à la Crawford and Sobel, in a multidimensional state and policy space. A feature of the multidimensional state space is that communication on one dimension often reveals information on others. We show how this feature imposes bounds on communication. Copyright The...