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The goal of this paper is to introduce communication in a collective choice environment with information acquisition … the panel decide whether to acquire costly information or not, preceding the communication stage. We take a mechanism … collective choice, and the communication protocol by which its members abide prior to casting their individual action choices. We …
Persistent link: https://www.econbiz.de/10005368994
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his … immediate predecessor, and in the case of public communication, in which each player hears the message of all previous players …
Persistent link: https://www.econbiz.de/10005169616
-binding communication among responders can help coordinate their collective resistance against a leader who transgresses against them …. Contrary to the predictions of analysis based on purely self-regarding preferences, we find that non-binding communication …, we find that the incidence of no transgression increases from 7 percent with no communication up to 25-37 percent …
Persistent link: https://www.econbiz.de/10005786821