Selecting Cheap‐Talk Equilibria

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Information-Theoretic Approach to Strategic Communication as a Hierarchical Game (2015, background): “, [21] on the selection of the “best” equilibrium among these.”
Opinion Dynamics and Learning in Social Networks (2011, background): “Crawford and Sobel [25], and the literature that follows them, characterizes the amount of information that can be transmitted in such an interaction (see, e.g., [22, 34, 70]).”
Bare promises: An experiment (2010, background): “6 Complete instructions are available from the authors on request.”
Perfect Competition in Markets with Adverse Selection (2017, background): “6According to Chiappori et al. (2006), “As is well known, the mere definition of a competitive equilibrium under asymmetric information is a difficult task, on which it is fair to say that no general agreement has been reached.” See also Myerson (1995). 7We clarify that we study endogenous contract ”