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example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …
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' consists of unverifiable information and the quality of communication depends on the conflict of interests between the …
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This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
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We consider an experiment with a version of the Battle of the Sexes game with two-sided private information, allowing a possible round of either one-way or two-way cheap talk before the game is played. We compare different treatments to study truthful revelation of information and subsequent...
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I analyze a model in which a principal offers a contract to an agent and can influence the agent's marginal return of effort by the choice of the project mission. The principal's and the agents' mission preferences are misaligned, and the agents have unobservable intrinsic motivation levels. I...
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