Catch-22 in a Signalling Game

Fiona Carmichael

Journal of Institutional and Theoretical Economics (JITE), 2002, vol. 158, issue 3, 375-392

Abstract: In this paper signals are observed by two receivers who have different preferences about the sender and therefore respond to information about himin different ways. This can result in a Catch-22 for the sender; if he sends a signal to induce a positive response from one receiver, this may induce a negative response from the other. The problem is modelled as a three player game and the analysis shows that the Catch-22 can be resolved but only when there are three possibilities with respect to the sender's disposition or the initial probabilities relating to the sender's type are equal.

JEL-codes: C7 D8 L1 (search for similar items in EconPapers)
Date: 2002
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