This paper studies the effects of pre-play communication on equilibrium selection in 2x2 symmetric coordination games …

communication among players leads to a Nash equilibrium (NE) of the action game. Within the set of NE, efficiency then turns out to …Intuitively, we expect that players who are allowed to engage in costless communication before playing a game would be … foolish to agree on an inefficient equilibrium. At the same time, however, such preplay communication has been suggested as a …

We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have … is applied to finite and symmetric two-player games and we establish that honest communication and play of the Pareto …

-enforcing. -- efficiency ; communication ; coordination ; honesty ; evolutionary stability …We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have … is applied to finite and symmetric two-player games and we establish that honest communication and play of the Pareto …

We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have … is applied to finite and symmetric two-player games and we establish that honest communication and play of the Pareto …