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The trade-off between the costs and benefits of disclosing a firm's private information has been the object of a vast literature. The absence of incentives to share information on a common market demand prior to competition has been advocated to interpret information sharing as evidence of...
Persistent link: https://www.econbiz.de/10013171765
one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation … on the incentives to report information truthfully is non monotone, and correlation may discipline senders' equilibrium …
Persistent link: https://www.econbiz.de/10010328671
one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation … on the incentives to report information truthfully is non monotone, and correlation may discipline senders equilibrium …
Persistent link: https://www.econbiz.de/10011739598
one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation … on the incentives to report information truthfully is non monotone, and correlation may discipline senders' equilibrium …
Persistent link: https://www.econbiz.de/10010833919
experts correlation unambiguously tightens the conditions on preferences for a truth-telling equilibrium. However, with … multiple experts the effect of correlation on the incentives to report information truthfully is non-monotonic. In particular …, while very small and very large correlation levels are detrimental for truth-telling, intermediate levels of correlation may …
Persistent link: https://www.econbiz.de/10012987832
one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation … on the incentives to report information truthfully is non monotone, and correlation may discipline senders' equilibrium …
Persistent link: https://www.econbiz.de/10010189326
one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation … on the incentives to report information truthfully is non monotone, and correlation may discipline senders equilibrium …
Persistent link: https://www.econbiz.de/10011774610
Persistent link: https://www.econbiz.de/10012386777
for three specific linear quadratic games - Cournot oligopoly, Keynes' beauty contest and Public good provision - in which … strategies are substitute, complement and orthogonal, respectively. We show that signals' correlation favors the transmission of …
Persistent link: https://www.econbiz.de/10010313224
, when signals are correlated, the empty network may not be pairwise stable when the number of firms and/or correlation are …
Persistent link: https://www.econbiz.de/10010293393