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Value of public information in sender-receiver games
Authors:Ying Chen
Institution:
  • Department of Economics, Arizona State University, P. O. Box 879801, Tempe, AZ 85287-9801, United States
  • 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.
    Keywords:C72  D82  D83
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