Optimal Use of Communication Resources
- Neyman, Abraham
- Gossner, Olivier
- Hernández Rojas, Penélope
Año de publicación: 2005
Número: 6
Tipo: Documento de Trabajo
Resumen
We study a repeated game with asymmetric information about a dynamic state of nature. In the course of the game, the better informed player can communicate some or all of his information with the other. Our model covers costly and/or bounded communication. We characterize the set of equilibrium payoffs, and contrast these with the communication equilibrium payoffs, which by definition entail no communication costs.