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Communication in stag hunt games: When does it really help?

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  • Agranov, Marina

Abstract

This paper examines whether the effectiveness of cheap-talk communication in Stag-Hunt-like games is influenced by payoff asymmetry between players. We find that communication improves efficiency when both players benefit from the Pareto-dominant equilibrium. Otherwise, its impact is limited, regardless of whether one or both players communicate their intended actions.

Suggested Citation

  • Agranov, Marina, 2024. "Communication in stag hunt games: When does it really help?," Economics Letters, Elsevier, vol. 244(C).
    • Handle: RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004750
    DOI: 10.1016/j.econlet.2024.111991
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