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The paper shows that Perfect Bayesian equilibria need not be unique in the strategic communication game of Crawford and Sobel (1982). First, different equilibrium partitions of the state space can have equal cardinality, despite fixed prior beliefs. Hence, there can be different equilibrium...
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For an exchange economy, under assumptions which did not bring about the existence of equilibrium with dividends as yet … the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which … differs from the weak non-satiation assumption introduced by Allouch-Le Van (2009), we show in a last section the existence of …
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