We survey the recent literature on the role of information in mechanism design. First, we discuss an emerging … literature on the role of endogenous payoff and strategic information for the design and the efficiency of the mechanism. We … order beliefs becomes a natural desideratum. We discuss recent approaches to robust mechanism design and robust …

US economy. FGPs are formally in the wholesale sector but, unlike traditional wholesale establishments, FGPs design the …

supervision. Central bank communication will constitute a central policy tool for that purpose. The paper asks how such … communication will affect financial markets, exploiting the fact that many central banks have had some financial stability role in … times, but can have a substantially larger effect during periods of financial stress. Moreover, central bank communication …

The paper presents a positive model of communication in federal legislatures to study the incentives of members to … consideration, communication between delegates generally suffers from a bias that make truthful revelation difficult and sometimes …-)centralization, which revisits Oates' decentralization theorem in a world of incomplete information and strategic communication. Empirical …

, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … increasing returns to ex post coordination. This rationalizes discrete ‘shifts’ in organizational design from very rigid and … communication and substantial employee discretion. (iii) Broad task assignments and intensive horizontal communication are …

communication flows serve as important channels of diffusion. The analysis is based on examining the productivity effects of R …

Detailed notes on weekly meetings of the sugar-refining cartel show how communication helps firms collude, and so …

communication between the sender and the receiver in a way consistent with the theoretical predictions. Deviations from the …

private agents to be successful--and much of this communication is channeled through the media. This is especially true for …