• Corpus ID: 252531764

The Signaling Role of Leaders in Global Games

@inproceedings{Kyriazis2022TheSR,
  title={The Signaling Role of Leaders in Global Games},
  author={Panagiotis Kyriazis and Edmund Y. Lou},
  year={2022}
}
How important are leaders’ actions in facilitating coordination? In this paper, we investigate their signaling role in a global games framework. A perfectly informed leader and a team of followers face a coordination problem. Despite the endogenous information generated by the leader’s action, we provide a necessary and sufficient condition that makes the monotone equilibrium strategy profile uniquely ∆ -rationalizable and hence guarantees equilibrium uniqueness. Moreover, the unique equilibrium… 
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