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Organizations and Overlapping Generations Games: Memory, Communication, and Altruism
Lagunoff, Roger; Matsui, Akihiko - EconWPA - 2001
This paper studies the role of memory and communication in games between ongoing organizations. In each organization … the past can be communicated by one generation to the next through ``cheap talk" communication. With costly communication …
Persistent link: https://www.econbiz.de/10005550938
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A Very Simple Model of Conflict with Asymmetric Evaluations and Institutional Constraint
Caruso, Raul - EconWPA - 2005
This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents conflict in order to appropriate a positive fraction of a stake. An institutional constraint is modelled through an exogenously fixed element as a feature of a modified Contest...
Persistent link: https://www.econbiz.de/10005408438
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Why Lying Pays: Truth Bias in the Communication with Conflicting Interests
Kawagoe, Toshiji; Takizawa, Hirokazu - EconWPA - 2005
's messages. This confirms ``truth bias'' reported in communication theory in a one-shot, anonymous environment without nonverbal … under certain conditions. We claim that the theory for the evolution of language should address why truthful communication …
Persistent link: https://www.econbiz.de/10005556670
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" Communication in Dynastic Repeated Games: `Whitewashes' and `Coverups' "
Anderlini, Luca; Lagunoff, Roger - EconWPA - 2001
We ask whether communication can directly substitute for memory in dynastic repeated games in which short lived … by means of communication. When communication is costless and messages are sent simultaneously, communication mechanisms … or protocols exist that sustain the same set of equilibrium payoffs as in the standard repeated game. When communication …
Persistent link: https://www.econbiz.de/10005407603
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False Modesty
Harbaugh, Rick; To, Dr. Theodore - EconWPA - 2005
Is it always wise to disclose good news? When both the sender and the receiver have private information about the sender's quality, we find that the worst sender type with good news has the most incentive to disclose it, so reporting good news can paradoxically make the sender look bad. If the...
Persistent link: https://www.econbiz.de/10005118518
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Wealth Inequality, Wealth Constraints and Economic Performance
Bardhan, Pranab; Bowles, Samuel; Gintis, Herbert - EconWPA - 1998
When asymmetry or non-verifiability of information, or non- excludability of users, makes contracts incomplete or unenforceable, and where for these and other reasons there are impediments to efficient bargaining, we show that private contracting will not generally assign the control of assets...
Persistent link: https://www.econbiz.de/10005134997
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Dynamic Stability and Reform of Political Institutions
Lagunoff, Roger - EconWPA - 2005
This paper studies dynamic, endogenous institutional change. We introduce the class of dynamic political games (DPGs), dynamic games in which future political aggregation rules are decided under current ones, and the resulting institutional choices do not affect payoffs or technology directly. A...
Persistent link: https://www.econbiz.de/10005062355
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Addiction and Present-Biased Preferences
O'Donoghue, Ted; Rabin, Matthew - EconWPA - 2003
We investigate the role that self-control problems modeled as time-inconsistent, present-biased preferences and a person's awareness of those problems might play in leading people to develop and maintain harmful addictions. Present-biased preferences create a tendency to over-consume addictive...
Persistent link: https://www.econbiz.de/10005062365
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Il concetto di capitale sociale. Una rassegna della letteratura economica, sociologica e politologica
Sabatini, Fabio - EconWPA - 2004
Con questo articolo si intende offrire una rassegna critica del dibattito in corso da più di un decennio sul concetto di capitale sociale. Gli studi considerati sono suddivisi in base all’aspetto della struttura sociale cui di volta in volta viene accordata maggiore enfasi. La rassegna si...
Persistent link: https://www.econbiz.de/10005062452
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Money in Market Clearing
Gani, Mohammad - EconWPA - 2004
Market clearing is the central issue in macroeconomics. Two centuries of debate on Say’s Law indicates that the issue is not yet settled. This essay proposes that double coincidence is a necessary condition for market clearing, in addition to the equality of demand and supply at equilibrium...
Persistent link: https://www.econbiz.de/10005076719