neglects the effects of failed collusion attempts. In such contingencies, information revealed in the negotiation process is … likely to affect the bidding behavior in first-price (but not second-price) auctions. We test experimentally a setup in which … collusion is possible, but negotiations often break down and information is revealed in an asymmetric way. The existing …

favorable tie-breaking rules can reduce the discouragement effect and increase the designer's revenue. We test these predictions …

the international negotiations with complete and with asymmetric information in a dynamic framework. Results show that …

recommendation; however, they may do so in equilibrium. We test the model in a lab experiment and strong support for the comparative …

game of incomplete information between firms and workers. Workers have almost aligned preferences over firms: each worker … signalling mechanism is harmful for this environment. Though signals transmit previously unavailable information, they also … facilitate information asymmetry that leads to coordination failures. As a result, the introduction of a signalling mechanism …

We consider a game of information transmission, with one informed decision maker gathering information from one or more … informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the … on the incentives to report information truthfully is non monotone, and correlation may discipline senders' equilibrium …

A firm can merge with one of n potential partners. The owner of each firm has private information about both his firm …, hence transfers can be made contingent on the new information accruing after the merger. Second, we study the case of …

We consider a setting in which two potential merger partners each possess private information pertaining both to the … profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes …-burning in the case of false reports. -- Mergers ; Mechanism ; design ; Asymmetric ; information ; Interdependent ; valuations …