Abstract
To gather information from n informed agents, a principal can rely on a mediator. Does there exist a direct communication scheme yielding the same equilibrium payoffs? Yes, as soon as extraneous signals (‘sunspots’) can be observed before the beginning of the game.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.