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Catch-22 in a signalling game

Carmichael, F 2002, 'Catch-22 in a signalling game' , Journal of Institutional and Theoretical Economics, 158 (3) , pp. 375-392.

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Abstract

In this paper signals are observed by two receivers who have different preferences about the sender and therefore respond to information about him in different ways. This can result in a Catch-22 for the sender; if he sends a signal to induce a positive response from one receiver, this may induce a negative response from the other. The problem is modelled as a three player game and the analysis shows that the Catch-22 can be resolved but only when there are three possibilities with respect to the sender's disposition or the initial probabilities relating to the sender's type are equal.

Item Type: Article
Themes: Subjects / Themes > H Social Sciences > HB Economic Theory
Subjects outside of the University Themes
Schools: ?? sch_sbs ??
Journal or Publication Title: Journal of Institutional and Theoretical Economics
Publisher: Mohr Siebeck
Refereed: Yes
ISSN: 09324569
Depositing User: H Kenna
Date Deposited: 16 Oct 2007 13:13
Last Modified: 20 Aug 2013 16:50
URI: http://usir.salford.ac.uk/id/eprint/789

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