how communication mitigates this free-riding problem in an investment-timing game. In our baseline investment-timing game …. If more investors invest at the same time, they share the costs. In the communication treatment, subjects can freely … communicate before choosing the investment time. We find that in groups of two players, communication increases cooperation and …

We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information … by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …

Theory predicts that committees of experts may take decisions that look good but are bad and that they show a united … assessments. We investigate this theory in the lab, using treatments with and without reputation concerns and with and without … cheap-talk communication with evaluators. We use the chat among committee members to learn about, e.g., their beliefs about …

-binding price requests. Using a laboratory experiment, we examine how competition moderates the way such cheap-talk communication … granularity effects of cheap-talk communication on negotiation outcomes. Our results show that most of these effects survive with …