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- W1520765981 abstract "In this paper we modify the `cheap-talk' model of Crawford and Sobel 1982 by taking the state space to correspond to a circle (instead of a line). It is shown that in such a setup the relationship between the `bias' (i.e., the parameter capturing the divergence of interests between sender and receiver), and the `informativeness' of equilibria, is reversed from what it is in the original Crawford and Sobel story: Now, a higher bias can be associated with more informative equilibria, rather than the other way around. We also attempt to characterize more generally the equilibria of this modified model." @default.
- W1520765981 created "2016-06-24" @default.
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- W1520765981 date "2007-01-01" @default.
- W1520765981 modified "2023-09-27" @default.
- W1520765981 title "Cheap Talk on the Circle" @default.
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