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networks, such coordination may be very difficult to achieve and may depend on the communication technology and the network … structure. We examine how pre-play communication and clustering within networks affect coordination in a challenging … outcome in our game, but restricted communication (where subjects can only indicate their intended action) is almost entirely …
Persistent link: https://www.econbiz.de/10012866385
their dissonance sensitivities. Comparing the outcomes of two models, with and without conversation, we show that … conversation leads to a redistribution of social influences in favor of agents with higher self-confidence. Finally, we provide …
Persistent link: https://www.econbiz.de/10012799733
. The model shows the presence of a fundamental trade-off between platform engagement and user welfare. A higher weight … assigned to online social interactions such as likes and shares and to personalized content, increases engagement while having …
Persistent link: https://www.econbiz.de/10013470270
We analyze minute-by-minute, individual level data on viewership for Italian TV news broadcasts, matched with detailed data on content. We study viewer behavior, especially the decision of viewers to switch away from a news program as a function of the type of story being broadcast. Somewhat...
Persistent link: https://www.econbiz.de/10014290236
There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper …. Furthermore, it reviews the theoretical literature on monetary policy transparency and relevant empirical findings. The focus is …
Persistent link: https://www.econbiz.de/10010333377
. This paper shows that such economic transparency could give central banks greater flexibility to respond to macroeconomic …
Persistent link: https://www.econbiz.de/10010333384
A 1999 reform allowed Italian Mayors to partially substitute a more accountable source of tax revenue (the property tax) with a less transparent one (a surcharge on the personal income tax). Theoretical analysis suggests this should give incompetent Mayors a less costly way to hide themselves,...
Persistent link: https://www.econbiz.de/10010270475
Transparency has become one of the main features of monetary policymaking during the last decade. This paper … establishes some stylized facts. In addition, it provides a systematic overview of the practice of monetary policy transparency … framework, including inflation targeting. Nevertheless, the paper finds significant differences in transparency across monetary …
Persistent link: https://www.econbiz.de/10010274033
communication practices and is the first to systematically analyze transparency trends throughout the world and across monetary …Transparency has become a prominent feature of monetary policy. This paper provides an overview of central bank … inflation and economic development have undergone larger increases in transparency. Moreover, it shows that greater transparency …
Persistent link: https://www.econbiz.de/10010274045
The paper examines the optimal combination of central bank independence and conservatism in the presence of uncertain central bank preferences. We develop a model of endogenous monetary policy delegation in which government chooses the central bank's degree of inde-pendence and conservatism so...
Persistent link: https://www.econbiz.de/10010274857