Take Action
Research Details
Durable Cheap Talk Equilibria
Abstract
We consider a cheap-talk game with one sender and one receiver. If the receiver does not commit to listen to only one message, the equilibrium refinements due to Farrell [5], Grossman and Perry [7] and Matthews, Okuno- Fujiwara and Postlewaite [11] are no longer applicable. We discuss different notions of durability and sequential credibility when a message can later be followed by more messages, and both parties know this.
Type
Book Chapter
Author(s)
Sandeep Baliga, Tomas Sjostrom
Date Published
2006
Citations
Baliga, Sandeep, and Tomas Sjostrom. 2006. Durable Cheap Talk Equilibria. 15