Showing 1 - 7 of 7
. -- collusion ; auction ; communication ; folk theorem …
Persistent link: https://www.econbiz.de/10001674856
receiver’s prior knowledge becomes an impediment to efficient communication in a model with the discrete state space: in …
Persistent link: https://www.econbiz.de/10003921775
information acquisition and costless communication. When the agency problem concerning information acquisition is sufficiently … ; Contract ; Communication ; Cheap talk ; Information acquisition …
Persistent link: https://www.econbiz.de/10003921797
In most firms, if not all, workers are divided asymmetrically in terms of authority and responsibility. In this paper, we view the asymmetric allocations of authority and responsibility as essential features of hierarchy and examine why hierarchies often prevail in organizations from that...
Persistent link: https://www.econbiz.de/10010406850
In this paper we analyze a cheap talk model with a partially informed receiver. In clear contrast to the previous literature, we find that there is a case where the receiver's prior knowledge enhances the amount of information conveyed via cheap talk. The point of departure is our explicit focus...
Persistent link: https://www.econbiz.de/10009516783
We experimentally study the effect of the mode of digital communication on the emergence of trust in a principal …-agent relationship. We consider three modes of communication that differ in the capacity to transmit nonverbal content: plain text, audio …, and video. Communication is pre-play, one-way, and unrestricted, but its verbal content is homogenized across treatments …
Persistent link: https://www.econbiz.de/10012494056
We examine multistage information transmission with voluntary monetary transfer in the framework of Crawford and Sobel (1982). In our model, an informed expert can send messages to an uninformed decision maker more than once, and the uninformed decision maker can pay money to the informed expert...
Persistent link: https://www.econbiz.de/10011671657