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This paper investigates optimal communication mechanisms with a two-dimensional policy space and no monetary transfers … design), the optimal communication mechanism never exhibits any pooling and the agent's ideal policies are never chosen …-cooperative design) and enters separately into the agent's utility function, optimal mechanisms under private communication take again …
Persistent link: https://www.econbiz.de/10010751022
working conditions causes workers to quit at more similar times. When, and only when, communication is allowed, workers are …
Persistent link: https://www.econbiz.de/10010899503