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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.
Persistent link: https://www.econbiz.de/10005618870
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 …
Persistent link: https://www.econbiz.de/10005618884
of some possible answers to that question, and characterize the player's knowledge hierarchies from his subjective …
Persistent link: https://www.econbiz.de/10005102103
problem. Information is modeled as a pair, consisting of both factual information and awareness information. The model … preserves the central properties of the standard information partition model. …
Persistent link: https://www.econbiz.de/10005102108
Persistent link: https://www.econbiz.de/10005795298
Persistent link: https://www.econbiz.de/10005136822
experience and in which sellers, with private information about their type, choose utility-maximizing signals given these prices …
Persistent link: https://www.econbiz.de/10005200464
The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Dekel, Lipman and …, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the …
Persistent link: https://www.econbiz.de/10005008472
among several individuals and strong properties of knowledge. We show that this generalized state-space model arises …
Persistent link: https://www.econbiz.de/10005785792
The standard state-spaces of asymmetric information preclude non-trivial forms of unawareness (Modica and Rustichini …-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on …
Persistent link: https://www.econbiz.de/10005785823