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For strategic communication games à la Crawford and Sobel (Econometrica 50:1431–1451, <CitationRef CitationID="CR3">1982</CitationRef>) the paper shows that under some prior beliefs different equilibrium partitions of the state space can have equal cardinality. Hence, there can be different equilibrium action profiles with the same...</citationref>
Persistent link: https://www.econbiz.de/10010988736
The survey is focused on the typical problems in information transmission from experts to non-experts. Attention is paid to the factors that can affect information disclosure in models that apply a game-theoretic approach to the use of professional advice. In the economic literature expertise is...
Persistent link: https://www.econbiz.de/10010728141
Purpose – The idea of Simon according to which instructions are premises for further decisions is formalized with respect to informationally decentralized organizations. The paper aims to discuss these issues. Design/methodology/approach – The paper is built on the economic theory of teams...
Persistent link: https://www.econbiz.de/10014787425
The paper is concerned with dynamic job assignment when observed performance is an imperfect signal of the worker's type. When the rate of learning from past performance depends upon the particular job performed, promotion can be due to good performance only at a job for which the resulting...
Persistent link: https://www.econbiz.de/10014783101