Public vs. Private Equity
β Scribed by John J. Moon
- Book ID
- 111354543
- Publisher
- John Wiley and Sons
- Year
- 2006
- Weight
- 972 KB
- Volume
- 18
- Category
- Article
- ISSN
- 1078-1196
No coin nor oath required. For personal study only.
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This paper compares public and private information certification in a simple class of communication games with one sender and two receivers. It is shown that, contrary to the cheap talk setting of [Farrell, J., Gibbons, R., 1989. Cheap talk with two audiences. American Economic Review 79, 1214-1223]