Simple Mediation in a Cheap-Talk Game

被引:0
|
作者
Ganguly, Chirantan [1 ]
Ray, Indrajit [2 ]
机构
[1] Queens Univ Belfast, Queens Management Sch, 185 Stranmillis Rd, Belfast BT9 5EE, North Ireland
[2] Cardiff Univ, Cardiff Business Sch, Econ Sect, Colum Dr, Cardiff CF10 3EU, Wales
来源
GAMES | 2023年 / 14卷 / 03期
关键词
cheap talk; mediated equilibrium; COMMUNICATION; INFORMATION; MECHANISMS; EQUILIBRIA; INVERSION;
D O I
10.3390/g14030047
中图分类号
F [经济];
学科分类号
02 ;
摘要
In the Crawford-Sobel (uniform, quadratic utility) cheap-talk model, we consider a simple mediation scheme (a communication device) in which the informed agent reports one of the N possible elements of a partition to the mediator and then the mediator suggests one of the N actions to the uninformed decision-maker according to the probability distribution of the device. We show that no such simple mediated equilibrium can improve upon the unmediated N-partition Crawford-Sobel equilibrium when the preference divergence parameter (bias) is small.
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页数:14
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