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Can there be a market for cheap-talk information? : an experimental investigation

Cabrales, Antonio; Feri, Francesco; Gottardi, Piero; … - 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/10011822038

Information transmission and ownership consolidation in aid programs

Dreher, Axel; Marchesi, Silvia - 2013

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

Persistent link: https://www.econbiz.de/10010199746

Information transmission within federal fiscal architectures : theory and evidence

Gehring, Kai; Kotsogiannēs, Chrēstos; Marchesi, Silvia - 2013

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

Persistent link: https://www.econbiz.de/10010126407

Endogenous public information and welfare

Vives, Xavier - 2011

This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...

Persistent link: https://www.econbiz.de/10009153832

Distribution and use of knowledge under the laws of the web

Falkinger, Josef (contributor) - 2007

Persistent link: https://www.econbiz.de/10003624471

Dispersed information and the origins of aggregate fluctuations

Grazzini, Jakob; Massaro, Domenico - 2016

In the presence of dispersed information, agents may decide to take into account the actions of other agents because of the possible additional information conveyed by these actions. We call the act of using other agents' actions in the individual decision process social learning. This paper...

Persistent link: https://www.econbiz.de/10011489440

Do people value more informative news?

Chopra, Felix; Haaland, Ingar; Roth, Christopher - 2019

We examine whether the desire for more information is people's dominant motive for reading economic and political news. Drawing on representative samples of the U.S. population with more than 15,000 respondents in total, we measure and experimentally vary people's beliefs about the...

Persistent link: https://www.econbiz.de/10012156434

Learning and information transmission within multinational corporations

Chen, Cheng; Sun, Chang; Zhang, Hongyong - 2020

We propose that multinational firms learn about their profitability in a particular market by observing their performance in nearby markets. We first develop a model of firm expectations formation with noisy signals from multiple markets and derive predictions on expectations formation and...

Persistent link: https://www.econbiz.de/10012258595

Communication costs, direct flights and international trade

Furusawa, Taiji; Sun, Chang; Tang, Heiwai; Zhang, Jiaxu - 2024

We build a general equilibrium model of endogenous communication, quality control and trade. We derive a structural … gravity equation from the model and show that exogenous communication costs raise the costs of quality control and have a … direct flight connectedness on communication costs using the gravity equation. We overcome the identification challenge using …

Persistent link: https://www.econbiz.de/10015071134

Communicating subjective evaluations

Lang, Matthias - 2014

Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...

Persistent link: https://www.econbiz.de/10010361447