Showing 1 - 8 of 8
Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. I show that the principal explains her evaluation to the agent if the evaluation turns out to be...
Persistent link: https://www.econbiz.de/10009569527
We study experimentally the effectiveness of communication in common value committees exhibiting publicly known … heterogeneous agents. These predict varying degrees of strategic communication. We use a 2 x 2 design varying the information … protocol (communication vs exogenous public signals) and the group composition (heterogeneous vs homogeneous). Results are only …
Persistent link: https://www.econbiz.de/10011444227
; communication ; panel data …
Persistent link: https://www.econbiz.de/10003817754
Persistent link: https://www.econbiz.de/10010128801
Persistent link: https://www.econbiz.de/10011616112
Persistent link: https://www.econbiz.de/10012304758
Persistent link: https://www.econbiz.de/10011617045
Using an open-ended contingent valuation survey, we analyze how (i) experience of a power outage due to one of the worst storms ever to hit Sweden and (ii) a cheap talk script affect respondents' WTP to avoid power outages. Experience significantly increases and a cheap talk script decreases the...
Persistent link: https://www.econbiz.de/10003879341