We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …

the partnership’s going-public decision. We support our theory with a new dataset of investment bank partnership …

We consider the strategic timing of information releases in a dynamic disclosure model. Because investors don’t know …

This Paper studies the incentives for transparency under different forms of corporate governance in a context of … product market competition. This Paper endogenizes the governance and financial structure of firms and determines a strategic … protects firms when in a weak competitive position, while equityholders prefer more disclosure to maximize profitability when …

disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a … financial intermediary is opaque). It is found that the regulator should set together disclosure and prudential policy. The …

arrangements or of corporate governance generally. …