Showing 1 - 10 of 21
We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …
Persistent link: https://www.econbiz.de/10013128960
This paper explores the role of information transmission in explaining donors' choice between project aid and budget support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an example of a “delegation-scheme.” Conversely,...
Persistent link: https://www.econbiz.de/10013073609
' consists of unverifiable information and the quality of communication depends on the conflict of interests between the …
Persistent link: https://www.econbiz.de/10013075612
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10012778541
By facilitating the flow of information in society, communications technology (CT; e.g., newspapers, radio, television, the internet) can help terrorists to (i) spread their message, (ii) recruit followers, and (iii) coordinate among group members. However, CT also facilitates monitoring and...
Persistent link: https://www.econbiz.de/10012852045
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 …
Persistent link: https://www.econbiz.de/10012986268
This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....
Persistent link: https://www.econbiz.de/10012917514
Between and within firms, work teams compete against each other and receive feedback on how well their team is performing relative to their benchmarks. In this paper we investigate experimentally how teams respond to relative performance feedback (RPF) at team level. We find that when subjects...
Persistent link: https://www.econbiz.de/10012924345
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...
Persistent link: https://www.econbiz.de/10012928248
We employ two-stage empirical strategy to analyze the impact of macroeconomic news and central bank communication on … news and communication along with the estimated exchange rate misalignment on exchange rate as well as its volatility …
Persistent link: https://www.econbiz.de/10013079876