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Book Chapter
Durable Cheap Talk Equilibria
Author(s)
We consider a cheap-talk game with one sender and one receiver. If the receiver does not commit to listen to only one message, the equilibrium refinements due to Farrell [5], Grossman and Perry [7] and Matthews, Okuno- Fujiwara and Postlewaite [11] are no longer applicable. We discuss different notions of durability and sequential credibility when a message can later be followed by more messages, and both parties know this.
Date Published:
2006
Citations:
Baliga, Sandeep, Tomas Sjostrom. 2006. Durable Cheap Talk Equilibria.