Two-sided strategic information transmission

We investigate a cheap talk model in which decision maker and an expert are both privately informed. Both players observe independent signals that jointly determine ideal actions for the players, can send message to expert, is followed by of then action maker. In equilibrium, strategy not monotonic, revelation concerning her information does necessarily result welfare improvement players. particular, models optimal additively and/or multiplicatively separable two their preferences represented quadratic loss functions, cannot facilitate transmitted from expert.