We model the trading possibilities of one seller and n potential buyers as a strategic game, which extends the two-person sealed-bid double auction. We introduce particular communication equilibria for this game, the self-fulfilling equilibria. In the case of arbitrary informational...

We introduce a class of communication equilibria, which we call self-fulfilling mechanisms, and show that they provide a game-theoretic foundation to rational expectations equilibria.

This paper describes the historical evolution of the analysis of some aspects of the strategic use of information. The use of mixed strategies aims to create uncertainty on the move to be played or on the private information of the players. In a repeated game framework, strategic behavior when...