Implementation of Communication Equilibria by Correlated Cheap Talk : the Two-Player Case
Forges, Françoise; Vida, Péter (2013), Implementation of Communication Equilibria by Correlated Cheap Talk : the Two-Player Case, Theoretical Economics, 8, 1, p. 95-123. http://dx.doi.org/10.3982/TE944
TypeArticle accepté pour publication ou publié
Journal nameTheoretical Economics
Society for Economic Theory
MetadataShow full item record
Abstract (EN)We show that essentially every communication equilibrium of any finite Bayesian game with two players can be implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian game, the players engage in a possibly fin nitely long (but in equilibrium almost surely fi nite), direct, cheap talk.
Subjects / KeywordsBayesian game; pre-play communication; cheap talk; communication equilibrium; correlated equilibrium; Two Player
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