- UNMEDIATED TALK UNDER INCOMPLETE INFORMATION

Jose Vila () and Amparo Urbano

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: We show the role of unmediated plain conversation as both an information transmission and a coordination device for the class of two-player incomplete information games. Concretely, we proove that any communication equilibrium payoff of such games can be reached as a Nash equilibrium payoff of the game extended by a two phase (exante and interim) unmediated communication protocol. This protocol is constructed by using communicative one-way functions, which are, in turn, designed with the help of modern cryptographic tools. A familiar context in which our results could be applied is bilateral trading with incomplete information.

Keywords: Unmediated community; correlated equilibrium (search for similar items in EconPapers)
Pages: 44 pages
Date: 1999-05
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1999-07

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