, while the most able managers obtain a wage increase, less able managers are faced with a reduction in wages. Hence our model …

, while the most able managers obtain a wage increase, less able managers are faced with a reduction in wages. Hence our model …

Based on contribution patterns to parties in Germany and elsewhere, we suggest that European democracies should use a … mixed system where private funding can play a larger role than public funding. In Germany the high level of public funding …

Based on contribution patterns to parties in Germany and elsewhere, we suggest that democracies should use a mixed … system where private funding can play a larger role than public funding. In Germany the high level of public funding for …

We study communication in ambiguous environments. Agents communicate individual decisions sequentially. Based on the …, the decisions differ no matter how long the communication lasts. Such persistent disagreements are precluded in Bayesian … frameworks endowed with a common prior. When communication is private and nobody is excluded from it, we show that ambiguity …

Based on contribution patterns to parties in Germany and elsewhere, we suggest that European democracies should use a … mixed system where private funding can play a larger role than public funding. In Germany the high level of public funding …