Optimal use of communication resources

Olivier Gossner; Penélope Hernández; Abraham Neyman

doi:10.1111/j.1468-0262.2006.00720.x

Optimal use of communication resources

Olivier Gossner
, Penélope Hernández
, Abraham Neyman

The Hebrew University of Jerusalem

Research output: Contribution to journal › Article › peer-review

Abstract

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 to 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.

Original language	English
Pages (from-to)	1603-1636
Number of pages	34
Journal	Econometrica
Volume	74
Issue number	6
DOIs	https://doi.org/10.1111/j.1468-0262.2006.00720.x
Publication status	Published - 1 Nov 2006

Keywords

Communication
Entropy
Iinformation processing
Incomplete information
Information economics

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10.1111/j.1468-0262.2006.00720.x

Cite this

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AB - 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 to 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.

KW - Communication

KW - Entropy

KW - Iinformation processing

KW - Incomplete information

KW - Information economics

UR - https://www.scopus.com/pages/publications/33750573083

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DO - 10.1111/j.1468-0262.2006.00720.x

M3 - Article

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JO - Econometrica

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Optimal use of communication resources

Abstract

Keywords

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