On consensus through communication without a commonly known protocol

Elias Tsakas and Mark Voorneveld

Journal of Mathematical Economics, 2011, vol. 47, issue 6, 733-739

Abstract: The present paper extends the standard model of pairwise communication among Bayesian agents to cases where the structure of the communication protocol is not commonly known. We show that, even under standard strict conditions on the structure of the protocols and the nature of the transmitted signals, a consensus may never be reached if very little asymmetric information about the protocol is introduced.

Keywords: Communication protocol; Common knowledge; Consensus (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:47:y:2011:i:6:p:733-739

DOI: 10.1016/j.jmateco.2011.10.003

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