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Communication, correlation and cheap-talk in games with public information

Heller, Yuval and Solan, Eilon and Tomala, Tristan (2010): Communication, correlation and cheap-talk in games with public information.

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Abstract

This paper studies extensive form games with perfect information and simultaneous moves, henceforth called games with public information. On this class, we prove that all communication equilibrium payoffs can be obtained without mediator by cheap-talk procedures. The result encompasses repeated games and stochastic games.

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