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This paper develops a semiotic-inferential model of verbal communication for incomplete information games: a language …
Persistent link: https://www.econbiz.de/10011290062
The paper shows that Perfect Bayesian equilibria need not be unique in the strategic communication game of Crawford and …
Persistent link: https://www.econbiz.de/10008810295
We study cheap-talk pre-play communication in the static all-pay auctions. For the case of two bidders, all correlated … and communication equilibria are payoff equivalent to the Nash equilibrium if there is no reserve price, or if it is … robust to preplay communication between the bidders. If there are three or more symmetric bidders, or two symmetric bidders …
Persistent link: https://www.econbiz.de/10009745257
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The paper shows that Perfect Bayesian equilibria need not be unique in the strategic communication game of Crawford and …
Persistent link: https://www.econbiz.de/10013095957
Persistent link: https://www.econbiz.de/10011771471
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Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be … communication has been suggested as a rationale for expecting Nash equilibria in general. This paper presents a plausible formal … environment, it is shown that meaningful communication among players leads to a Nash equilibrium (NE) of the action game. Within …
Persistent link: https://www.econbiz.de/10012432175