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"We develop a model of information exchange through communication and investigate its implications for information … a costly communication link with incurring the associated cost. After receiving a private signal correlated with the … underlying state, they exchange information over the induced communication network until taking an (irreversible) action. We …
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We study the efficiency properties of oligopoly equilibria in congested networks. Our measure of efficiency is the difference between users' willingness to pay and delay costs. Previous work has demonstrated that in networks consisting of parallel links, efficiency losses from competition are...
Persistent link: https://www.econbiz.de/10014058354
models of political participation, dynamic inter-group trade, and communication - leading to cycles of political polarization …, breakdown of trade, and breakdown of communication …
Persistent link: https://www.econbiz.de/10012460403
models of political participation, dynamic inter-group trade, and communication - leading to cycles of political polarization …, breakdown of trade, and breakdown of communication …
Persistent link: https://www.econbiz.de/10013103053
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models of political participation, dynamic inter-group trade, and communication - leading to cycles of political polarization …, breakdown of trade, and breakdown of communication …
Persistent link: https://www.econbiz.de/10009573260
Persistent link: https://www.econbiz.de/10009577727