We consider a dynamic version of sender–receiver games, where the sequence of states follows an irreducible Markov …

In Sender-Receiver games with costly signaling, some equilibria are vulnerable to deviations which could be …, Sender-Receiver, robust equilibrium, reflnements. JEL classification numbers: C70, C72. ⁄We thank David Austen-Smith, Drew …@kellogg.northwestern.edu. 1 1 Introduction In Sender-Receiver games, out-of-equilibrium beliefs can be thought of as the Sender’s hypothesis of …

I find in two classes of sender–receiver games that the receiver’s equilibrium payoff is not increasing in the …