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This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10012587427
This paper summarizes the results of a Survey on Monetary policy Communication conducted among central banks in Central … transparency and communication strategies of the central banks. The results of the Survey reveal that today the central banks pay … process. The overall conclusion of the Monetary policy communication Survey is that the communication and the transparency of …
Persistent link: https://www.econbiz.de/10011717595
invest in pairwise active communication (speaking) and pairwise passive communication (listening). This leads to a full … that foster communication (especially active communication); and the discrepancy between formal hierarchy and actual …
Persistent link: https://www.econbiz.de/10011673298
We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value. We show that a condition very close to transparency of buyer segments is necessary and sufficient for the optimal mechanism to be deterministic--hence akin to classic third...
Persistent link: https://www.econbiz.de/10011673357
We study the role of communication in repeated games with private monitoring. We first show that without communication … ε-CCE. Thus, in our model, communication is necessary for cooperation. …
Persistent link: https://www.econbiz.de/10012022740
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During the last decades, a number of studies have been concerned with communication related to new product development …. These have looked at either intra-organizational communication between departments or communication between new product … and external stakeholder communication and explored the role of technology uncertainty on communication. The purpose of …
Persistent link: https://www.econbiz.de/10008779940
The paper shows that Perfect Bayesian equilibria need not be unique in the strategic communication game of Crawford and …
Persistent link: https://www.econbiz.de/10008810295