Monotone equilibria in signaling games
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DOI: 10.1016/j.euroecorev.2020.103408
Abstract: We study the monotonicity of sender’s equilibrium strategy with respect to her type in signalling games. We use counterexamples to show that when the sender’s payoff is non-separable, the Spence-Mirrlees condition cannot rule out equilibria… read more here.
Keywords: monotone; sender payoff; monotone equilibria; equilibria signaling ... See more keywords