Coalition-Proof Disclosure
Germ\'an Gieczewski and
Maria Titova
Papers from arXiv.org
Abstract:
We study generalized verifiable disclosure by a sender with type-independent preferences. We first characterize all perfect Bayesian equilibria as partitions of the sender's types into coalitions ordered by payoff. An equilibrium survives our coalition-proofness criterion if no group of types can profitably coordinate an announced deviation that only they are able and willing to join. Coalition-proof equilibria are greedy partitions: at each step, a coalition of the remaining types attains the highest payoff consistent with equilibrium. In our general setting, coalition-proof equilibria may fail to exist. We establish existence under restrictions on preferences and evidence: quasiconcavity with message completeness, betweenness, cheap talk with message completeness, and payoff degradation. For a disclosure game with maximally rich evidence, we show that the sender's ex-ante payoff in a coalition-proof equilibrium is a piecewise linear tent over the belief simplex, analogous to the concave closure in Bayesian persuasion and the quasiconcave closure in cheap talk.
Date: 2026-10, Revised 2026-10
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