Competition in costly talk

A-Tier
Journal: Journal of Economic Theory
Year: 2023
Volume: 213
Issue: C

Score contribution per author:

4.022 = (α=2.01 / 1 authors) × 2.0x A-tier

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

Abstract

This paper studies a communication game between an uninformed decision maker and two perfectly informed senders with conflicting interests. Senders can misreport information at a cost that increases with the size of the misrepresentation. The main result concerns the characterization of equilibria with desirable properties: they always exist, are essentially unique, and are robust. Information transmission is partial in these equilibria, and persuasion occurs on the equilibrium path. By contrast, equilibria where the decision maker obtains her complete-information payoff are not robust, and hinge on beliefs with potentially undesirable properties.

Technical Details

RePEc Handle
repec:eee:jetheo:v:213:y:2023:i:c:s0022053123001369
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29