Baeriswyl, Romain; Cornand, Camille - Schweizerische Nationalbank (SNB) - 2012
played by human beings. In line with theory, the experiment does not allow the formulation of a clear preference in favor of … all participants but with ambiguity (partial transparency). We show that, in theory, both communication strategies are … reducing the degree of transparency. We run a laboratory experiment to test whether theoretical predictions hold in a game …