Optimal Use of Communication Resources

  1. Neyman, Abraham
  2. Gossner, Olivier
  3. Hernández Rojas, Penélope
Revista:
Working papers = Documentos de trabajo: Serie AD

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.