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We study the effect of stochastically delayed communication on common knowledge acquisition (common learning). If … messages do not report dispatch times, communication prevents common learning under general conditions even if common knowledge … is acquired without communication. If messages report dispatch times, communication can destroy common learning under …
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discriminate on the basis of the buyer's evidence. -- price discrimination ; communication ; bargaining ; commitment ; evidence …
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Two players choose whether to cooperate on a project. Each of them is endowed with some evidence, and if both possess a sufficient amount then cooperation is profitable. In order to facilitate cooperation the players reveal evidence to one another. However, some players are concerned about...
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