Global games of regime change -- that is, coordination games of incomplete information in which a status quo is …

transparency is optimal. This is because more transparency facilitates more effective coordination, which is valuable from a social … ambiguity becomes optimal if there is a high risk that more transparency will lead to coordination failures …

because decentralized trading impedes communication and, in so doing, opens the door to self-fulfilling beliefs despite the … uniqueness of the equilibrium. In line with Keynesian thinking, these fluctuations may be attributed to "coordination failures …

are higher when firms can initiate non-contractible innovative investments that enhance the value of their stakeholder … relationships. Stakeholder effects of transparency are especially important for younger firms with less established track records (e …

We study the role of commitment in communication and its interactions with rules, which determine whether or not …

information. Can a bargaining environment that facilitates or restricts communication alleviate these costs? We exploit a unique … platform introduced unstructured communication allowing buyers and sellers on the desktop version of the site, but not the …, using text analysis, that the dynamics are consistent with repeat players learning how to use communication in bargaining …