signals in the way that they suspect others are doing it. Consequently, the negative impact of public communication noted by … public signal at all, which suggests that there is a scope to "obliterate" public communication in a specific way, by making …, desirability for such obliteration and non-commonality of signals' understanding. -- transparency ; central bank communication …

We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … it possible to achieve the best payoff that can be obtained by means of any communication device. As in the model without …

) equilibrium. Fully informative myopic and farsighted equilibria essentially take a particular simple form: all communication is … and analyze equilibrium welfare. Furthermore, we extend our model to public communication and investigate the implications …