Theoretical Economics 18 (2023), 1475–1509
Information design in multi-stage games
Miltiadis Makris, Ludovic Renou
This paper generalizes the concept of Bayes correlated equilibrium (Bergemann and Morris, 2016) to multi-stage games. We apply our characterization results to a number of illustrative examples and applications.
Keywords: Multi-stage games, information design, communication equilibrium, sequential communication equilibrium, information structures, Bayes correlated equilibrium, revelation principle
JEL classification: C73, D82
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