Ganglmair, Bernhard; Tarantino, Emanuele - In: RAND Journal of Economics 45 (2014) 2, pp. 273-302
type="main" <p>We analyze the sustainability of a conversation when one agent might be endowed with a piece of private information that affects the payoff distribution to its benefit. Such a secret can compromise the sustainability of conversation. Even without an obligation, the secret holder will...</p>