On consensus through communication without a commonly known protocol

The present paper extends the standard model of pairwise communication among Bayesianagents to cases where the structure of the communication protocol is not commonly known.We show that, even under 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:	2010
Authors:	Elias, Tsakas ; Mark, Voorneveld
Institutions:	Graduate School of Business and Economics (GSBE), School of Business and Economics
Subject:	Economics ()

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Extent:	application/pdf
Series:	Research Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Research Memoranda Number 016
Classification:	A - General Economics and Teaching
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011147004