It is well known that communication often serves as a facilitator for cooperation in static games. Yet, communication … can serve entirely different purposes in dynamic settings as communication during the game may work as a means for … investigates cooperation and non-binding communication in a two-stage game. More specifically, two treatments are considered: one …

. However when costless communication is possible firms may be able to coordinate a move towards a pareto-preferred equilibrium … provided that the communication is credible. It is shown that in some cases when firms do not move to a pareto …-preferred equilibrium in spite of communication one firm may have an incentive to purchase R & D assets from other firms to reap the gain …

We analyse symmetric coordination games à la Bryant (1983) where a number of players simultaneously choose efforts from …

parties an incentive to manipulate not only the substance of communication but also the decision-maker’s attention allocation … communication, mandate not only the content but also the format of disclosure, and regulate product design. …