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

Einstein Institute of Mathematics

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

37 Scopus citations

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
State	Published - Nov 2006

Keywords

Communication
Entropy
Iinformation processing
Incomplete information
Information economics

Access to Document

10.1111/j.1468-0262.2006.00720.x

Cite this

@article{620bb0942c0041008ee9ba73cd966fba,

title = "Optimal use of communication resources",

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.",

keywords = "Communication, Entropy, Iinformation processing, Incomplete information, Information economics",

author = "Olivier Gossner and Pen{\'e}lope Hern{\'a}ndez and Abraham Neyman",

year = "2006",

month = nov,

doi = "10.1111/j.1468-0262.2006.00720.x",

language = "אנגלית",

volume = "74",

pages = "1603--1636",

journal = "Econometrica",

issn = "0012-9682",

publisher = "Wiley-Blackwell Publishing Ltd",

number = "6",

}

TY - JOUR

T1 - Optimal use of communication resources

AU - Gossner, Olivier

AU - Hernández, Penélope

AU - Neyman, Abraham

PY - 2006/11

Y1 - 2006/11

N2 - 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.

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 - http://www.scopus.com/inward/record.url?scp=33750573083&partnerID=8YFLogxK

U2 - 10.1111/j.1468-0262.2006.00720.x

DO - 10.1111/j.1468-0262.2006.00720.x

M3 - ???researchoutput.researchoutputtypes.contributiontojournal.article???

AN - SCOPUS:33750573083

SN - 0012-9682

VL - 74

SP - 1603

EP - 1636

JO - Econometrica

JF - Econometrica

IS - 6

ER -

Optimal use of communication resources

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Cite this