because decentralized trading impedes communication and, in so doing, opens the door to self-fulfilling beliefs despite the … uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …

information, but differ in two dimensions: the rules governing communication, which determine whether information is verifiable …; and the sender's commitment power, which determines the extent to which she can commit to her communication strategy …. Our design exploits these variations to explicitly test for the role of rules and commitment in communication. Our …

forecasters, typically have such a supply-side interpretation, as do many firms. New communication strategies could avoid public …

information. Can a bargaining environment that facilitates or restricts communication alleviate these costs? We exploit a unique … platform introduced unstructured communication allowing buyers and sellers on the desktop version of the site, but not the …, using text analysis, that the dynamics are consistent with repeat players learning how to use communication in bargaining …

Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …

We develop a model of information exchange through communication and investigate its implications for information … a costly communication link with incurring the associated cost. After receiving a private signal correlated with the … underlying state, they exchange information over the induced communication network until taking an (irreversible) action. We …

Persuasive communication functions not only through content but also delivery, e.g., facial expression, tone of voice …