Non‐uniqueness of equilibrium action profiles with equal size in one‐shot cheap‐talk games

Non‐uniqueness of equilibrium action profiles with equal size in one‐shot cheap‐talk games

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Article ID: iaor2013623
Volume: 74
Issue: 1
Start Page Number: 31
End Page Number: 53
Publication Date: Jan 2013
Journal: Theory and Decision
Authors:
Keywords: communication
Abstract:

For strategic communication games la Crawford and Sobel (1982) the paper shows that under some prior beliefs different equilibrium partitions of the state space can have equal cardinality. Hence, there can be different equilibrium action profiles with the same size.

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