Can sunspots replace a mediator?

DOI10.1016/0304-4068(88)90017-1MaRDI QIDQ1115364zbMATH OpenOpenAlexFDO

Authors Françoise Forges

Publication date 1988

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0304-4068(88)90017-1

zbMATH Keywords

communication schemeextraneous signalsgames with incomplete informationinformational economicsinformed agentsmediatorprincipalsunspots

Mathematics Subject Classification ID

Stochastic games, stochastic differential games (91A15) Mathematical economics (91B99)

Review text

To gather information from n informed agents, a principal can rely on a mediator. Does there exist a direct communication scheme yielding the same equilibrium payoffs? Yes, as soon as extraneous signals (`sunspots') can be observed before the beginning of the game.

Recommendations

• The value of mediated communication
• scientific article; zbMATH DE number 19469
• Unmediated communication with partially verifiable types
• Sunspots, correlation and competition
• Incentives and the structure of communication

Cites work

• An Approach to Communication Equilibria
• Correlated equilibria in a class of repeated games with incomplete information
• Correlated Equilibrium as an Expression of Bayesian Rationality
• Fair Distribution Protocols or How the Players Replace Fortune
• Subjectivity and correlation in randomized strategies

Cited in

(13)

• Consistent collusion-proofness and correlation in exchange economies.
• Correlated equilibrium and sunspot equilibrium
• Mediated talk
• The value of mediated communication
• Almost fully revealing cheap talk with imperfectly informed senders
• Contracting with imperfect commitment and noisy communication
• Sunspots, correlation and competition
• Communication equilibria with partially verifiable types
• Belief-invariant and quantum equilibria in games of incomplete information
• A class of strategy-correlated equilibria in sender-receiver games
• How to talk to multiple audiences
• Game-theoretic pragmatics under conflicting and common interests
• Intentional vagueness

This page was built for publication: Can sunspots replace a mediator?

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1115364)