The set of all Bayesian-Nash equilibrium payoffs that the players can
achieve by signing (conditional) commitments before playing a Bayesian
game coincides with the set of all feasible, incentive compatible and
interim individually rational payoffs of the Bayesian game.
Furthermore, the various equilibrium payoffs, which are achieved by
means of different commitment devices, are also the equilibrium
payoffs of a universal, deterministic commitment game.
Date: November 30, 2011
Time: 03:30 P.M.
Indian Statistical Institute Delhi Centre,
7, S. J. S. Sansanwal Marg,
New Delhi-110016 (INDIA)
View Larger Map