Duffy, Sean; Hartwig, Tyson; Smith, John - Volkswirtschaftliche Fakultät, … - 2010
, 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 …