Calvó-Armengol, Antoni; Martí, Joan de; Prat, Andrea - In: Theoretical economics : TE ; an open access journal in … 10 (2015) 2, pp. 649-692
We study the information flows that arise among a set of agents with local knowledge and directed payoff interactions, which differ among pairs of agents. First, we study the equilibrium of a game where, before making decisions, agents can invest in pairwise active communication (speaking) and...
