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, however the sender can improve communication, at a cost, by increasing the complexity or elaborateness of the message. As is … standard in the communication literature, the sender learns the state of the world then sends a message to the receiver. The … expected, we find that larger communication costs are associated with worse outcomes for both sender and receiver. Consistent …
Persistent link: https://www.econbiz.de/10008548823
identical for both sender and receiver. Additionally, the sender incurs a communication cost which is increasing in the … applied to the case where communication is costless but preferences diverge. Additionally, we model the competency of the … decreasing in the likelihood of the mistake. When the preferences between players diverge and when there are communication costs …
Persistent link: https://www.econbiz.de/10005109552