Selection-free predictions in global games with endogenous information and multiple equilibria

Global games with endogenous information often exhibit multiple equilibria. In this paper, we show how one can nevertheless identify useful predictions that are robust across all equilibria and that cannot be delivered in the common-knowledge counterparts of these games. Our analysis is conducted wi...

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Bibliographic Details
Main Authors: Angeletos, George-Marios, Pavan, Alessandro
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: The Econometric Society 2013
Online Access:http://hdl.handle.net/1721.1/83253
https://orcid.org/0000-0002-9269-5094