Proximate preferences and almost full revelation in the Crawford–Sobel game

Document Type

Article

Publication Title

Economic Theory Bulletin

Abstract

Crawford and Sobel (Econometrica 50(6):1431-1451, 1982) is a seminal contribution that introduced the study of costless signalling of privately held information by an expert to a decision maker. Among the chief reasons for its widespread application is the comparative statics they develop between the extent of strategically transmitted information and the degree of conflict in the two players' preferences. This paper completes their analysis by establishing that in their general model, almost full revelation obtains as the two players' preferences get arbitrarily close to each other.

Publication Date

14-5-2014

Publisher

Springer

Volume

Vol.3

Issue

Iss.2

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