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Value of public information in sender–receiver games

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
0165-1765
343-345
Chen, Ying
338aa31f-c129-49c9-b5b7-b583836a8cc1
Chen, Ying
338aa31f-c129-49c9-b5b7-b583836a8cc1

Chen, Ying (2012) Value of public information in sender–receiver games. Economics Letters, 114 (3), 343-345. (doi:10.1016/j.econlet.2011.10.007).

Record type: Article

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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More information

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: https://eprints.soton.ac.uk/id/eprint/353792
ISSN: 0165-1765
PURE UUID: a78cabaf-6937-4d33-9faa-1252c08aa7ef

Catalogue record

Date deposited: 18 Jun 2013 09:28
Last modified: 09 Sep 2019 18:47

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