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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...
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; communication ; panel data …
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We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … it possible to achieve the best payoff that can be obtained by means of any communication device. As in the model without …
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This paper studies a mechanism design model where the players and the designer are nodes in a communication network. We … characterize the communication networks (directed graphs) for which, in any environment (utilities and beliefs), every incentive … implementable on a given communication network, in all environments with either common independent beliefs and private values or a …
Persistent link: https://www.econbiz.de/10011689312
) equilibrium. Fully informative myopic and farsighted equilibria essentially take a particular simple form: all communication is … and analyze equilibrium welfare. Furthermore, we extend our model to public communication and investigate the implications …
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