communicated might matter. In a controlled field experiment, we study a minimally invasive change in the communication of a well …

commitment. By allowing the principal to use general communication devices we overcome the literature's common, but overly … restrictive focus on one-shot, direct communication. In addition, general communication devices solve two fundamental problems of … the message spaces of the communication device. An example illustrates our arguments and the suboptimality of one …

According to several psychological and economic studies, non-binding communication can be an effective tool to increase …

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 …

We use experiments to analyze what type of communication is most effective in achieving cooperation in a simple … collusion game. Consistent with the existing literature on communication and collusion, even minimal communication leads to a … strategies, this initial burst of collusion rapidly collapses. When unlimited pre-game communication is allowed via a chat window …

either embodied (traded intermediates) or disembodied form (direct communication). Knowledge transfer costs interact with the …

, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … communication and substantial employee discretion. (iii) Broad task assignments and intensive horizontal communication are … complementary. Hence, lower communication costs often result in less specialization. …

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 …