研讨论文
《Cheap Talk and Burned Money》by David Austen-Smith and Jeffrey S. Banks，Journal of Economic Theory 2000
《A note on cheap talk and burned money》by Navin Kartik, Journal of Economic Theory 2007
主讲人
王岑文（402cc永利集团中国公共财政与政策研究院研究生）
内容简介
This body of work begins with Austen-Smith & Banks (ASB, 2000), who augment the classic Crawford-Sobel cheap talk model by allowing senders to use costly, dissipative signals ("money burning"). ASB initially argued that money burning could not only improve information transmission, enabling full separation, but could also make cheap talk influential even when it would otherwise fail.
However, a critical note by Kartik (2007) refines these findings. Kartik identifies an error in an ASB proof and demonstrates that while money burning can enhance precision, it cannot create influential cheap talk from scratch. He proves that influential cheap talk exists with money burning if and only if it exists without it, fundamentally clarifying the relationship between these two signaling mechanisms.
点评老师
张志祥、尹训东
时间
8月7日 (18:20-20:00）
线下地址
学术会堂712
活动对象
402cc永利集团学生
人数规模
30人
主办单位
402cc永利集团
撰稿：王岑文
审稿：尹训东
编辑：沈嘉怡
审核：王颖
