On consensus through communication without a commonly known protocol

The present paper extends the standard model of pairwise communication among Bayesian agents to cases where the structure of the communication protocol is not commonly known. We show that, even under standard strict conditions on the structure of the protocols and the nature of the transmitted signals, a consensus may never be reached if very little asymmetric information about the protocol is introduced.

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Year of publication:	2011
Authors:	Tsakas, Elias ; Voorneveld, Mark
Published in:	Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 47.2011, 6, p. 733-739
Publisher:	Elsevier
Subject:	Communication protocol \| Common knowledge \| Consensus

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010875250