Arbeitspapier

Sequential Equilibria and Cheap Talk in Infinite Signaling Games

This paper shows the existence of sequential and weak-best-response equilibria for cheap-talk extensions of signaling games for a class of signaling games called communication-impervious. An example shows there are well-behaved infinite signaling games with no sequential equilibria. The assumption that talk is cheap seems reasonable in many economic contexts and yields a very straightforward solution to the existence problem in infinite signaling games. The cheap-talk assumption opens the possibility of extending the methods of this paper to prove the existence of equilibrium in more-general extensive-form games with infinite action and information sets.

Sprache
Englisch

Erschienen in
Series: Discussion Paper ; No. 915

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Iorio, Karl
Manuelli, Alejandro M.
Ereignis
Veröffentlichung
(wer)
Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science
(wo)
Evanston, IL
(wann)
1990

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Iorio, Karl
  • Manuelli, Alejandro M.
  • Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science

Entstanden

  • 1990

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