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Communication, correlation and cheap-talk in games with public information

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Listed:
  • Heller, Yuval
  • Solan, Eilon
  • Tomala, Tristan

Abstract

This paper studies extensive form games with public information where all players have the same information at each point in time. We prove that when there are at least three players, all communication equilibrium payoffs can be obtained by unmediated cheap-talk procedures. The result encompasses repeated games and stochastic games.

Suggested Citation

  • Heller, Yuval & Solan, Eilon & Tomala, Tristan, 2012. "Communication, correlation and cheap-talk in games with public information," Games and Economic Behavior, Elsevier, vol. 74(1), pages 222-234.
    • Handle: RePEc:eee:gamebe:v:74:y:2012:i:1:p:222-234
    DOI: 10.1016/j.geb.2011.05.002
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    References listed on IDEAS

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    Cited by:

    1. , & ,, 2013. "Implementation of communication equilibria by correlated cheap talk: The two-player case," Theoretical Economics, Econometric Society, vol. 8(1), January.
    2. Heng Liu, 2017. "Correlation and unmediated cheap talk in repeated games with imperfect monitoring," International Journal of Game Theory, Springer;Game Theory Society, vol. 46(4), pages 1037-1069, November.
    3. Sugaya, Takuo & Wolitzky, Alexander, 2017. "Bounding equilibrium payoffs in repeated games with private monitoring," Theoretical Economics, Econometric Society, vol. 12(2), May.
    4. Tristan Tomala, 2013. "Belief-Free Communication Equilibria in Repeated Games," Mathematics of Operations Research, INFORMS, vol. 38(4), pages 617-637, November.

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    More about this item

    Keywords

    Cheap-talk; Communication equilibrium; Normal-form correlated equilibrium; Distributed computation;
    All these keywords.

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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