Value of public information in sender-receiver games |
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Authors: | Ying Chen |
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Institution: | Department of Economics, Arizona State University, P. O. Box 879801, Tempe, AZ 85287-9801, United States |
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Abstract: | I find in two classes of sender-receiver games that the receiver’s equilibrium payoff is not increasing in the informativeness of a public signal because the sender may transmit less information when the public signal is more informative. |
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Keywords: | C72 D82 D83 |
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