Can sunspots replace a mediator? (Q1115364)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Can sunspots replace a mediator? |
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Can sunspots replace a mediator? (English)
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1988
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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.
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informational economics
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sunspots
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games with incomplete information
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informed agents
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principal
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mediator
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communication scheme
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extraneous signals
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