On concensus through communication without a commonly known protocol

E. Tsakas; M. voorneveld

doi:10.1016/j.jmateco.2011.10.003

On concensus through communication without a commonly known protocol

E. Tsakas^*, M. voorneveld

^*Corresponding author for this work

Microeconomics & Public Economics

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

The present paper extends the standard model of pairwise communication among bayesian agents to cases where the structure of the communication protocol is not commonly known. We show that, even under standard strict conditions on the structure of the protocols and the nature of the transmitted signals, a consensus may never be reached if very little asymmetric information about the protocol is introduced.

Original language	English
Pages (from-to)	733-739
Number of pages	7
Journal	Journal of Mathematical Economics
Volume	47
Issue number	6
DOIs	https://doi.org/10.1016/j.jmateco.2011.10.003
Publication status	Published - 1 Jan 2011

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10.1016/j.jmateco.2011.10.003

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AB - The present paper extends the standard model of pairwise communication among bayesian agents to cases where the structure of the communication protocol is not commonly known. We show that, even under standard strict conditions on the structure of the protocols and the nature of the transmitted signals, a consensus may never be reached if very little asymmetric information about the protocol is introduced.

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On concensus through communication without a commonly known protocol

Abstract

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