Showing 1 - 10 of 278
This survey paper examines various information insufficiencies in biodiversity conservation and their impact of … information, and 4) monitoring problem. The consequences of these four types of information insufficiencies on the choice of …
Persistent link: https://www.econbiz.de/10011602463
overcoming asymmetric information problems at no cost. This paper characterizes efficient protocols assuming that: (i) some …
Persistent link: https://www.econbiz.de/10013463790
one expert are sensitive to model details. -- Communication ; Information ; Noise ; Experts ; Constant threat …This paper studies optimal decision rules for a decision maker who can consult two experts in an environment without … out-of-equilibrium pair of recommendations by the experts are punished with an action that is independent of their reports …
Persistent link: https://www.econbiz.de/10008746179
We consider a game of information transmission, with one informed decision maker gathering information from one or more … informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the … on the incentives to report information truthfully is non monotone, and correlation may discipline senders' equilibrium …
Persistent link: https://www.econbiz.de/10010189326
Persistent link: https://www.econbiz.de/10012632073
The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts … who collude in their information disclosure strategies. It is shown that under fairly general conditions full information …
Persistent link: https://www.econbiz.de/10009517819
This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences in different economic systems. We introduce inequality-averse and inefficiency-averse agents responding to economic incentives and transmitting their ideology...
Persistent link: https://www.econbiz.de/10009303814
This paper develops a semiotic-inferential model of verbal communication for incomplete information games: a language … disregard it when updating priors. The epistemic requirement that information be transmitted through the literal meaning of the …
Persistent link: https://www.econbiz.de/10011290062
The use of coarse categories is prevalent in various situations and has been linked to biased economic outcomes, ranging from discrimination against minorities to empirical anomalies in financial markets. In this paper we study economic rationales for categorizing coarsely. We think of the way...
Persistent link: https://www.econbiz.de/10010353550
centrality and decreasing in conformity. Concerning efficiency of information aggregation or "wisdom" of the society, it turns …
Persistent link: https://www.econbiz.de/10010357984