منابع مشابه
Cheap talk with multiple strategically
We consider a cheap-talk setting that mimics the situation where an incumbent firm (the sender) is endowed with incentives to understate the true size of the market demand to two potential entrants (the receivers). Although our experimental data reveals that senders’ messages convey truthful information and this is picked up by the receivers, this overcommunication (relative to standard theoret...
متن کاملCheap Talk with Two Audiences
When an informed party can engage in cheap talk with more than one audience, we show how the presence of one audience may either discipline or subvert the speaker's relationship with the other audience. We ask how welfare is affected by public or private disclosure, and predict how much communication will take place. Keyvt^ords. cheap talk, signaling, communication, incentives. Cheap Talk with ...
متن کاملReputational cheap talk with misunderstanding
We consider a cheap talk game with a sender who has a reputational concern for an ability to predict a state of the world correctly, and where receivers may misunderstand the message sent. When communication between the sender and each receiver is private, we identify an equilibrium in which the sender only discloses the least noisy information. Hence, what determines the amount of information ...
متن کاملCheap- Talk with Random Stopping
CheapTalk with Random Stopping is a Cheap-Talk game in which after each period of communication, with probability 1 >., the talk ends and the players play the original game (i.e, choose actions and receive payoffs). In this paper the relations between Cheap-Talk games and Cheap-Talk with Random Stopping are analyzed. -Institute of Mathematics and Center for Rationality and Interactive Decision ...
متن کاملCheap Talk with Strategic Substitutability
In the classic Crawford-Sobel (CS) model of strategic communication between an informed Sender and uninformed Receiver, perfect information transmission is never achieved as an equilibrium outcome. I present a modified version of the CS cheap talk game with the following two innovations: (i) both players take actions, and (ii) actions are strategic substitutes. In contrast to the CS setup, the ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2332689