We analyze a cheap talk game, à la Crawford and Sobel, in a multidimensional state and policy space. A feature of the multidimensional state space is that communication on one dimension often reveals information on others. We show how this feature imposes bounds on communication.
CITATION STYLE
Levy, G., & Razin, R. (2007). On the limits of communication in multidimensional cheap talk: A comment. Econometrica, 75(3), 885–893. https://doi.org/10.1111/j.1468-0262.2007.00771.x
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