ACOCELLA, Nicola; DI BARTOLOMEO, Giovanni; HUGHES … - Center for Operations Research and Econometrics (CORE), … - 2009
This paper attempts to give a rationale to public announcements, so often observed in the real world, and to formalize the idea that they can be used as a form of equilibrium selection device when multiple equilibria arise. It also shows how announcements solve the problems of coordination...