Showing 1 - 10 of 15
We investigate strategic information transmission with communication error, or noise. Our main finding is that adding … it possible to achieve the best payoff that can be obtained by means of any communication device. As in the model without …
Persistent link: https://www.econbiz.de/10011599393
A speaker attempts to persuade a listener to accept a request by presenting evidence. A persuasion rule specifies what evidence is persuasive. This paper compares static and dynamic rules. We present a single linear program (i) whose solution corresponds to the listener's optimal dynamic rule...
Persistent link: https://www.econbiz.de/10011599506
when players can use communication to replicate any outcome that would have been sustainable were this information public …. A benchmark result is that if only cheap talk communication is possible then public information can only be replicated … without explicit communication or with cheap talk communication only. …
Persistent link: https://www.econbiz.de/10011599535
We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value. We show that a condition very close to transparency of buyer segments is necessary and sufficient for the optimal mechanism to be deterministic--hence akin to classic third...
Persistent link: https://www.econbiz.de/10011599549
invest in pairwise active communication (speaking) and pairwise passive communication (listening). This leads to a full … that foster communication (especially active communication); and the discrepancy between formal hierarchy and actual …
Persistent link: https://www.econbiz.de/10011599550
-payments, approximate efficiency is achievable in any repeated game with private monitoring and communication, so long as the players can …
Persistent link: https://www.econbiz.de/10011599563
In this paper, I study the dynamic delegation problem in a principal-agent model wherein an agent privately observes a persistently evolving state, and the principal commits to actions based on the agent's reported state. There are no transfers. While the agent has state-independent preferences,...
Persistent link: https://www.econbiz.de/10014536863
We study the role of communication in repeated games with private monitoring. We first show that without communication … payoffs outside the set ε-CCE. Thus, in our model, communication is necessary for cooperation. …
Persistent link: https://www.econbiz.de/10012215317
This paper studies sequential Bayesian persuasion games with multiple senders. We provide a tractable characterization of equilibrium outcomes. We apply the model to study how the structure of consultations affects information revelation. Adding a sender who moves first cannot reduce...
Persistent link: https://www.econbiz.de/10013189015
invest in pairwise active communication (speaking) and pairwise passive communication (listening). This leads to a full … that foster communication (especially active communication); and the discrepancy between formal hierarchy and actual …
Persistent link: https://www.econbiz.de/10011019200