On the Possibility of Information Transmission

Miura, Shintaro; Yamashita, Takuro

doi:10.2139/ssrn.2433186

Cited by 4 publications

(1 citation statement)

References 37 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…11 See, for example, Matthews, Okuno-Funiwara and Postlewaite (1991) and Chen, Kartik and Sobel (2008). The latter work selects the most informative equilibrium in the CS model, but Miura and Yamashita (2014) suggest that this may be problematic if there's a possibility that the model is slightly misspeci…ed.…”

Section: Introductionmentioning

confidence: 99%

Coordination-free equilibria in cheap talk games

2017

Journal of Economic Theory

View full text Add to dashboard Cite

This paper characterizes generic equilibrium play in a multi-sender version of Crawford and Sobel's (1982) cheap talk model, when robustness to a broad class of beliefs about noise in the senders' observation of the state is required. Just like in the onesender model, information transmission is partial, equilibria have an interval form, and they can be computed through a generalized version of Crawford and Sobel's forward solution procedure. Fixing the senders'biases, full revelation is not achievable even as the state space becomes large. Intuitive welfare predictions, such as the desirability of consulting senders with small and opposite biases, follow.

show abstract

Section: Introductionmentioning

confidence: 99%

Coordination-free equilibria in cheap talk games

2017

Journal of Economic Theory

View full text Add to dashboard Cite

show abstract

Semiconductor production, geopolitics and the CHIP SACT of 2022: a theoretical analysis

Hyatt,

Ryle,

McKnight

2024

DPRG

View full text Add to dashboard Cite

Purpose This paper aims to examine rising geopolitical tensions associated with the implementation of the US Creating Helpful Incentives to Produce Semiconductors (CHIPS) Act of 2022. Design/methodology/approach To provide background for the analysis, the authors conduct a theoretic analysis of the literature to introduce the current geopolitical environment while examining the rising threat of conflict, general factors driving change in the world order, and the critical role that the international semiconductor supply chain plays to all involved. Findings In this paper, the authors observe that in good times, economic forces drive capital-intensive industries toward a free-trade-inspired concentration of manufacturing in low-cost centers of production. In challenging economic and geopolitical times, however, the trend reverses toward retrenchment and what some call techno-nationalism. This occurs as nations struggle to secure access to critical sources of supply for themselves while stifling access for competitors and rivals. Practical implications The CHIPS Act of 2022 signifies a pivotal change in global trade dynamics, shifting away from liberal norms to techno-nationalism. This shift may spark supply chain hurdles as countries adopt nationalistic sourcing, potentially causing shortages in vital components like chips. Consequently, consumers may face disruptions as companies seek alternative suppliers, resulting in higher costs and lower-quality products. Supply chain disruptions may also delay product launches, and retaliatory trade actions could affect multiple industries, limiting access to lucrative markets. Originality/value The passage of the US CHIPS Act of 2022 has major implications related to global supply chain issues and potential geopolitical concerns. This study uses the threat of potential conflict as a lens for examining the international semiconductor supply chain.

show abstract

What do you think of me? Uncertainty about Uncertainty in Communication

Pei

2013

SSRN Journal

View full text Add to dashboard Cite

On the Possibility of Information Transmission

Cited by 4 publications

References 37 publications

Coordination-free equilibria in cheap talk games

Coordination-free equilibria in cheap talk games

Semiconductor production, geopolitics and the CHIP SACT of 2022: a theoretical analysis

What do you think of me? Uncertainty about Uncertainty in Communication

Contact Info

Product

Resources

About