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This paper studies the effect of disclosing conflicts of interest on strategic communication when the sender has lying costs. I present a simple economic mechanism under which such disclosure often leads to more informative and, at the same time, also to more biased messages. This benefits...
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legen oder ob sie zur abnehmenden Bedeutung dieser Organisationsform beitragen werden. Nicht nur der Einfluss der externen …
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Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
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This paper studies the effect of disclosing conflicts of interests on strategic communication when the sender has lying costs. I present a simple economic mechanism under which such disclosure often leads to more informative, but at the same time also to more biased messages. This benefits...
Persistent link: https://www.econbiz.de/10011490047