Signaling and mediation in games with common interests

B-Tier
Journal: Games and Economic Behavior
Year: 2010
Volume: 68
Issue: 2
Pages: 670-682

Authors (3)

Lehrer, Ehud (not in RePEc) Rosenberg, Dinah (HEC Paris (École des Hautes Ét...) Shmaya, Eran (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Players who have a common interest are engaged in a game with incomplete information. Before playing they get differential stochastic signals that depend on the actual state of nature. These signals provide the players with partial information about the state of nature and may also serve as a means of correlation. Different information structures induce different outcomes. An information structure is better than another, with respect to a certain solution concept, if the highest solution payoff it induces is at least that induced by the other structure. This paper characterizes the situation where one information structure is better than another with respect to various solution concepts: Nash equilibrium, strategic-normal-form correlated equilibrium, agent-normal-form correlated equilibrium and belief-invariant Bayesian solution. These solution concepts differ from one another in the scope of communication allowed between the players. The characterizations use maps that stochastically translate signals of one structure to signals of another.

Technical Details

RePEc Handle
repec:eee:gamebe:v:68:y:2010:i:2:p:670-682
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29