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Negotiating cooperation under uncertainty : communication in noisy, indefinitely repeated interactions

Dvorak, Fabian; Fehrler, Sebastian - 2018

Case studies of cartels and recent theory suggest that repeated communication is key for stable cooperation in … environments where signals about others' actions are noisy. However, empirically the exact role of communication is not well … understood. We study cooperation under different monitoring and communication structures in the laboratory. Under all monitoring …

Persistent link: https://www.econbiz.de/10011925584

Delegation to a group

Fehrler, Sebastian; Janas, Moritz - 2021

We study the choice of a principal to either delegate a decision to a group of careerist experts, or to consult them individually and keep the decision-making power. Our model predicts a trade-off between information acquisition and information aggregation. On the one hand, the expected benefit...

Persistent link: https://www.econbiz.de/10012549435