We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …

example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …

' consists of unverifiable information and the quality of communication depends on the conflict of interests between the …

involves the organization of production in terms of the number of layers of management the firm decides to employ. Using … as a result of an exogenous demand or productivity shock that makes the firm reorganize and add a management layer …

This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …

We experimentally study optional costly communication in Stag-Hunt games. Prior research demonstrates that efficient … coordination is difficult without a communication option but obtains regularly with mandatory costless pre-play messages. We find … that even small communication costs dramatically reduce message use when communication is optional, but efficient …