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Persistent link: https://www.econbiz.de/10011346883
Using experimental methods, this paper investigates the limits of communication and leadership in aiding group … communication and leadership are expected to help in coordinating on such an equilibrium. We consider an environment in which the …
Persistent link: https://www.econbiz.de/10011318403
preventive wars when the power shift is smaller and when the rising state has the commitment power. Communication and repeated …
Persistent link: https://www.econbiz.de/10012801942
We study a seller's optimal mechanism for maximizing revenue when a buyer may present evidence relevant to her value. We show that a condition very close to transparency of buyer segments is necessary and sufficient for the optimal mechanism to be deterministic--hence akin to classic third...
Persistent link: https://www.econbiz.de/10011673357
Communication has been regarded as one of the most effective devices in promoting team cooperation. But asymmetric … communication sometimes breeds collusion and is detrimental to team efficiency. Here, we present experimental evidence showing that … excluding one member from team communication hurts team cooperation: the communicating partners collude in profit allocation …
Persistent link: https://www.econbiz.de/10011912001
Persistent link: https://www.econbiz.de/10013369291
. This article surveys a rapidly-growing literature on central bank communication with the public. We first discuss why and … how such communication is more challenging than communicating with expert audiences. Then we survey the empirical evidence …
Persistent link: https://www.econbiz.de/10013329414
Persistent link: https://www.econbiz.de/10013279256
Monetary policy in the euro area is conducted within a multi-country, multi-cultural, and multi-lingual context involving multiple central banking traditions. How does this heterogeneity affect the ability of economic agents to understand and to anticipate monetary policy by the ECB? Using a...
Persistent link: https://www.econbiz.de/10010299102
influencing such heterogeneity as Fed communication is found to affect forecast accuracy significantly. …
Persistent link: https://www.econbiz.de/10010299141