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What Explains Sovereign Debt Litigation?
Schumacher, Julian - 2015
We study the occurrence of holdout litigation in the context of sovereign defaults. The number of creditor lawsuits against foreign governments has strongly increased over the past decades, but there is a large variation across crisis events. Why are some defaults followed by a “run to the...
Persistent link: https://www.econbiz.de/10013023181
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Information Transmission and Ownership Consolidation in Aid Programs
Dreher, Axel - 2013
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
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Information Transmission within Federal Fiscal Architectures : Theory and Evidence
Dreher, Axel - 2013
' consists of unverifiable information and the quality of communication depends on the conflict of interests between the …
Persistent link: https://www.econbiz.de/10013075612
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Communications Technology and Terrorism
Mahmood, Rafat - 2020
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
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Investor Protection and Foreign Stakeholders
Giofré, Maela - 2014
Different investor classes are endowed with different rights, and conflicting interests among them can make protections afforded to one party detrimental to another. Indeed, we find that investor protection laws have sizeable "cross" effects on foreign portfolio investment and the direction of...
Persistent link: https://www.econbiz.de/10013069664
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Implementation of Communication Equilibria by Correlated Cheap Talk : The Two-Player Case
Vida, Peter - 2011
We show that essentially every communication equilibrium of any finite Bayesian game with two players can be …
Persistent link: https://www.econbiz.de/10013128960
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Long Persuasion Games
Koessler, Frédéric - 2007
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10012778541
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Pre-Play Communication with Forgone Costly Messages : Experimental Evidence on Forward Induction
Blume, Andreas - 2016
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
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Can There Be a Market for Cheap-Talk Information? An Experimental Investigation
Cabrales, Antonio - 2018
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
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Relative Performance Feedback to Teams
Gjedrem, William - 2018
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