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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
Reputation systems that rely on feedback from traders are important institutions for helping sustain trust in markets, while feedback information is usually considered a public good. We apply both theoretical models and experiments to study how raters' feedback behavior responds to different...
Persistent link: https://www.econbiz.de/10008560983
The purpose of this paper is to reexamine the seminal belief elicitation experiment by Nyarko and Schotter (2002) under …
Persistent link: https://www.econbiz.de/10005011947
This paper investigates the conventional wisdom that markets would naturally allocate the rights for performing decisional task to those players who might be best suited to perform the task. We embedded the decisional tasks in a stylised setting of a game, motivated by Littlewood(1953) Red Hat...
Persistent link: https://www.econbiz.de/10011108041
laboratory experiment. Laboratory evidence on compliance behaviour of firms when faced with enforcement conditions predicted by …
Persistent link: https://www.econbiz.de/10011258128
Ken Arrow (1998) asks, “What has economics to say about racial discrimination?” He replies – entirely correctly – that racial “segregation within an industry – that is, firms with either all black or all white labor forces” – may be explained by economic theory, but “the...
Persistent link: https://www.econbiz.de/10011260187
and job-related outcomes. Our empirical results indicate that having a partner is as relevant as being em- ployed for men … to emancipate. For women, the marginal e¤ect of having a partner is three times larger than that of working. Expectations …. Moreover, partnered respondents� expectations about living with their partner and about their employed partners losing their …
Persistent link: https://www.econbiz.de/10005836332
This paper studies models where the optimal response functions under consideration are non-increasing in endogenous variables, and weakly increasing in exogenous parameters. Such models include games with strategic substitutes, and include cases where additionally, some variables may be...
Persistent link: https://www.econbiz.de/10012824357
Information about a new or non-frequently purchased product is often produced by both sides of the market. We construct a monopoly pricing model consisting of both seller's information disclosure and consumer's information acquisition. The presence of consumer search, which lowers the...
Persistent link: https://www.econbiz.de/10009372537