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Persistent link: https://www.econbiz.de/10013341256
This paper investigates robust information transmission between a sender and a receiver in the Crawford and Sobel (1982) model. We characterize behavior that remains equilibrium behavior independently of the form of a small communication cost. Under standard conditions, we find that an...
Persistent link: https://www.econbiz.de/10014076683
This paper provides a complete first-order characterization of equilibrium behavior in the general version of the Crawford and Sobel (1982)'s model when the conflict of interest is small. This exercise allows us to deepen our understanding of how a state-dependent bias and a non-uniform...
Persistent link: https://www.econbiz.de/10012893298
Persistent link: https://www.econbiz.de/10014230347