Value of public information in sender–receiver games
Value of public information in sender–receiver games
I find in two classes of sender–receiver games that the receiver’s equilibrium payoff is not increasing in the informativeness of a public signal because the sender may transmit less information when the public signal is more informative.
value of information, sender–receiver games, cheap talk
343-345
Chen, Ying
338aa31f-c129-49c9-b5b7-b583836a8cc1
March 2012
Chen, Ying
338aa31f-c129-49c9-b5b7-b583836a8cc1
Abstract
I find in two classes of sender–receiver games that the receiver’s equilibrium payoff is not increasing in the informativeness of a public signal because the sender may transmit less information when the public signal is more informative.
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e-pub ahead of print date: 23 October 2011
Published date: March 2012
Keywords:
value of information, sender–receiver games, cheap talk
Organisations:
Economics
Identifiers
Local EPrints ID: 353792
URI: http://eprints.soton.ac.uk/id/eprint/353792
ISSN: 0165-1765
PURE UUID: a78cabaf-6937-4d33-9faa-1252c08aa7ef
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Date deposited: 18 Jun 2013 09:28
Last modified: 14 Mar 2024 14:10
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Author:
Ying Chen
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