Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be … foolish to agree on an inefficient equilibrium. At the same time, however, such preplay communication has been suggested as a … communication among players leads to a Nash equilibrium (NE) of the action game. Within the set of NE, efficiency then turns out to …

bilateral communication structure, truthful communication arises endogenously only under additional conditions. The model also …

whenever possible, thereby develop a theory of credible communication. Predictions confirm the longstanding intuition for …

model of communication in games and investigate the importance of when communication takes place. Sending a message before … are believed whenever possible. Applying our results to Aumann's Stag Hunt game we find that communication is useless if …

This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …