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We show that in a standard symmetric Cournot duopoly with unknown demand, the optimal information disclosure policy of … an informed benevolent planner is to fully inform one of the duopolists and disclose no information to the other one. We …
Persistent link: https://www.econbiz.de/10011115222
We show that in a standard symmetric Cournot duopoly with unknown demand, the optimal information disclosure policy of … an informed benevolent planner is to fully inform one of the duopolists and disclose no information to the other one. We …
Persistent link: https://www.econbiz.de/10011189542
The set of outcomes that can arise in Bayes Nash equilibria of an incomplete information game where players may have … access to additional signals beyond the given information structure is equivalent to the set of a version of incomplete … information correlated equilibrium which we dub Bayes correlated equilibrium. A game of incomplete information can be decomposed …
Persistent link: https://www.econbiz.de/10010939338
A game of incomplete information can be decomposed into a basic game and an information structure. The basic game … information structure refers to the signals that the players receive in the game. We characterize the set of outcomes that can … arise in Bayes Nash equilibrium if players observe the given information structure but may also observe additional signals …
Persistent link: https://www.econbiz.de/10011255267
A game of incomplete information can be decomposed into a basic game and an information structure. The basic game … information structure refers to the signals that the players receive in the game. We characterize the set of outcomes that can … arise in Bayes Nash equilibrium if players observe the given information structure but may also observe additional signals …
Persistent link: https://www.econbiz.de/10011264835
We define a notion of correlated equilibrium for games with incomplete information in a general setting with finite … of a fixed incomplete information game equals the set of probability distributions over actions, states and types that … might arise in any Bayes Nash equilibrium where players observed additional information. We show that more information …
Persistent link: https://www.econbiz.de/10009325804
In a game with incomplete information players receive stochastic signals about the state of nature. The distribution of … the signals given the state of nature is determined by the information structure. Different information structures may …
Persistent link: https://www.econbiz.de/10010738056
The set of outcomes that can arise in Bayes Nash equilibria of an incomplete information game where players may or may … not have access to more private information is characterized and shown to be equivalent to the set of an incomplete … information version of correlated equilibrium, which we call Bayes correlated equilibrium. We describe a partial order on many …
Persistent link: https://www.econbiz.de/10010817214
The set of outcomes that can arise in Bayes Nash equilibria of an incomplete information game where players may have … access to additional signals beyond the given information structure is characterized and shown to be equivalent to the set of … a version of incomplete information correlated equilibria which we dub Bayes correlated equilibria. A game of incomplete …
Persistent link: https://www.econbiz.de/10010817228
We define and characterize a notion of correlated equilibrium for games with incomplete information, which we call … Bayes correlated equilibrium: The set of outcomes that can arise in Bayes Nash equilibria of an incomplete information game … where players may have access to additional signals beyond the information structure is characterized and shown to be …
Persistent link: https://www.econbiz.de/10010895650