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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 …
Persistent link: https://www.econbiz.de/10014484275
This paper examines whether it is socially desirable for the individual voting records of central bank council members to be published when central bankers' preferences differ. We show that the misrepresentation of their preferences is not advantageous for central bankers although central...
Persistent link: https://www.econbiz.de/10011419124
Persistent link: https://www.econbiz.de/10002388984
This paper examines whether it is socially desirable for the individual voting records of central bank council members to be published when central bankers' ; preferences differ. We show that the misrepresentation of their preferences is not advantageous for central bankers although central...
Persistent link: https://www.econbiz.de/10001558069
Persistent link: https://www.econbiz.de/10003878604
Persistent link: https://www.econbiz.de/10013424654
We present a model of elections in which interest group donations allow candidates to shift policy positions. We show that if donations were prohibited, then a unique equilibrium regarding the position choices of candidates would exist. With unrestricted financing of political campaigns two...
Persistent link: https://www.econbiz.de/10013127785
Persistent link: https://www.econbiz.de/10003741232
Persistent link: https://www.econbiz.de/10003789654
We present a model of elections in which interest group donations allow candidates to shift policy positions. We show that if donations were prohibited, then a unique equilibrium regarding the platform choices of candidates would exist. Our game with financing of political campaigns exhibits two...
Persistent link: https://www.econbiz.de/10003897539