Multidimentional Cheap Talk

Ronny Razin and Gilat Levy

No 184, 2004 Meeting Papers from Society for Economic Dynamics

Abstract: In this paper, we extend the cheap talk model of Crawford and Sobel (1982) to a multidimensional state space. We provide a characterization of informative equilibria. Most importantly, we prove for a generic family of distribution functions, that no information transmission is feasible when the conflict between the sender and the receiver is too large. Thus, adding more dimensions cannot improve upon information revelation when interests are too divergent

Keywords: Cheap; Talk (search for similar items in EconPapers)
JEL-codes: D82 (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (1)

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Working Paper: Multidimensional Cheap Talk (2004)
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