Dynamic sender-receiver games

DOI10.1016/J.JET.2012.07.006MaRDI QIDQ1945834zbMATH OpenOpenAlexFDO

Authors Jérôme Renault, Eilon Solan, Nicolas Vieille

Publication date 17 April 2013

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1204.0323

zbMATH Keywords

communicationrepeated gamesdynamic gamesBayesian gamessender-receiver

Mathematics Subject Classification ID

Stochastic games, stochastic differential games (91A15) Multistage and repeated games (91A20) Signaling and communication in game theory (91A28)

Abstract: We consider a dynamic version of sender-receiver games, where the sequence of states follows an irreducible Markov chain observed by the sender. Under mild assumptions, we provide a simple characterization of the limit set of equilibrium payoffs, as players become very patient. Under these assumptions, the limit set depends on the Markov chain only through its invariant measure. The (limit) equilibrium payoffs are the feasible payoffs that satisfy an individual rationality condition for the receiver, and an incentive compatibility condition for the sender.

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Cited in

(18)

• Approximate implementation in Markovian environments
• Repeated games with incomplete information
• Equilibrium refinements in sender-receiver games
• Optimal dynamic information provision
• Unraveling in a repeated moral hazard model with multiple agents
• Cooperation dynamics in repeated games of adverse selection
• Repeated communication with private lying costs
• The battle of opinion: dynamic information revelation by ideological senders
• On the value of repetition for communication games
• Incentive compatibility in sender-receiver stopping games
• Dynamic delegation with a persistent state
• Dynamic communication with biased senders
• Goodwill in communication
• Dynamic strategic information transmission
• Markov games with frequent actions and incomplete information -- the limit case
• Shannon meets Myerson: information extraction from a strategic sender
• Starting small to communicate
• On the cardinality of the message space in sender-receiver games

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