DP20455 Informed communication equilibrium

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We consider a privately informed sender selecting a mediated communication device to influence players’ actions. In contrast to standard information design, there is no ex-ante commitment, and the communication device relies on information elicited from the informed parties. We define an informed communication equilibrium (ICE) as a perfect Bayesian equilibrium outcome of the informed mediated communication game. We show that the set of ICE is the subset of communication equilibria (CE) that

DP20455 Informed communication equilibrium https://cepr.org/ - 14.07.2025 20:13

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DP20455 Informed communication equilibrium https://cepr.org/ - 14.07.2025 20:13