Showing 1 - 10 of 6,392
When is it possible for one person to persuade another to change her action? We take a mechanism design approach to this question. Taking preferences and initial beliefs as given, we introduce the notion of a persuasion mechanism: a game between Sender and Receiver defined by an information...
Persistent link: https://www.econbiz.de/10013153918
We study the role of commitment in communication and its interactions with rules, which determine whether or not … the theory. Quantitatively, not all subjects behave as predicted. We show that a form of commitment blindness leads some …
Persistent link: https://www.econbiz.de/10012860443
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 …
Persistent link: https://www.econbiz.de/10014091401
The dynamic behavior of security prices is studied in a setting where two agents trade strategically and learn over time from market prices. The model introduces an information structure which is intended to capture the notion that information is difficult to interpret. Strategic interaction and...
Persistent link: https://www.econbiz.de/10013139449
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 …
Persistent link: https://www.econbiz.de/10013156680
We develop a model of asset price bubbles based on the communication process between advisors and investors. Advisors …
Persistent link: https://www.econbiz.de/10012775799
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 …
Persistent link: https://www.econbiz.de/10012759390
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 …
Persistent link: https://www.econbiz.de/10012767355
Information is a crucial ingredient in economic decision making. Yet measuring the extent of information exchange among individuals and its effect on economic outcomes is a difficult task. We use the universe of de-identified cellphone usage records from more than one million users in a Chinese...
Persistent link: https://www.econbiz.de/10012869540
A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is often statistically insignificant or negative. This is inconsistent with the predictions from the classic models of insurance a la Akerlof (1970), Pauly (1974) and Rothschild and...
Persistent link: https://www.econbiz.de/10012980144