The Austrian theory of the "marginal use" is restated and extended. It is found that the Austrian concept of marginal …

We provide a selective survey of empirical evidence on the effects as well as the drivers of persuasive communication … response to persuasive communication? In particular, we distinguish information-based models from preference-based models …

We develop a model of asset price bubbles based on the communication process between advisors and investors. Advisors …

Over the last two decades, communication has become an increasingly important aspect of monetary policy. These real …-world developments have spawned a huge new scholarly literature on central bank communication -- mostly empirical, and almost all of it … written in this decade. We survey this ever-growing literature. The evidence suggests that communication can be an important …

particularly attractive locations to offshore? In this paper we address these questions with a theory of international production … hierarchies in which organizations arise endogenously to make efficient use of agents' knowledge. Our theory highlights the role … that the positive effect of middle skills on offshoring is weaker, the more advanced are communication technologies in the …

comparable to themselves to be the most persuasive. Incorporating communication dynamics can take the influential social learning …