On the Limits of Communication in Multidimensional Cheap Talk: A Comment
Econometrica · 2007 · Volume 75 · Issue 3
DOI: 10.1111/j.1468-0262.2007.00771.x
Abstract
We analyze a cheap talk game, à la Crawford and Sobel, in a multidimensional state and policy space. A feature of the multidimensional state space is that communication on one dimension often reveals information on others. We show how this feature imposes bounds on communication.
Keywords
Cheap talk, multidimensional policy space, large conflicts
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