Signaling Games and Stable Equilibria

S-Tier
Journal: Quarterly Journal of Economics
Year: 1987
Volume: 102
Issue: 2
Pages: 179-221

Authors (2)

In-Koo Cho (not in RePEc) David M. Kreps (Stanford University)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

Games in which one party conveys private information to a second through messages typically admit large numbers of sequential equilibria, as the second party may entertain a wealth of beliefs in response to out-of-equilibrium messages. By restricting those out-of-equilibrium beliefs, one can sometimes eliminate many unintuitive equilibria. We present a number of formal restrictions of this sort, investigate their behavior in specific examples, and relate these restrictions to Kohlberg and Mertens' notion of stability.

Technical Details

RePEc Handle
repec:oup:qjecon:v:102:y:1987:i:2:p:179-221.
Journal Field
General
Author Count
2
Added to Database
2026-01-25