Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/57519
Authors: 
Hellwig, Martin
Year of Publication: 
2011
Series/Report no.: 
Preprints of the Max Planck Institute for Research on Collective Goods 2011,7
Abstract: 
Rodrigues-Neto (2009) has shown that a given specification of posteriors of different players in an incomplete-information setting is compatible with a common prior if and only if the posteriors satisfy the so-called cycle equations. This note shows that, if, for any player, any element of the partition of the this player has a nonempty intersection with any element of the partition of any other player, then it suffices to verify the cycle equations for all cycles of length 4 or less.
Subjects: 
belief systems
consistency
common priors
cycle equations
JEL: 
D82
D83
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.