We study the role of communication in repeated games with private monitoring. We first show that without communication … ε-CCE. Thus, in our model, communication is necessary for cooperation. …

invest in pairwise active communication (speaking) and pairwise passive communication (listening). This leads to a full … that foster communication (especially active communication); and the discrepancy between formal hierarchy and actual …

) equilibrium. Fully informative myopic and farsighted equilibria essentially take a particular simple form: all communication is … and analyze equilibrium welfare. Furthermore, we extend our model to public communication and investigate the implications …

example because they have to obey institutionalized communication protocols. We assume that all involved in the communication …

We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …

This paper studies a mechanism design model where the players and the designer are nodes in a communication network. We … characterize the communication networks (directed graphs) for which, in any environment (utilities and beliefs), every incentive … implementable on a given communication network, in all environments with either common independent beliefs and private values or a …