Showing 1 - 10 of 13,181
We investigate the connection between corporate governance system configurations and the role of intermediaries in the respective systems from a informational perspective. Building on the economics of information we show that it is meaningful to distinguish between internalisation and...
Persistent link: https://www.econbiz.de/10010263309
In this paper we analyze a cheap talk model with a partially informed receiver. In clear contrast to the previous literature, we find that there is a case where the receiver's prior knowledge enhances the amount of information conveyed via cheap talk. The point of departure is our explicit focus...
Persistent link: https://www.econbiz.de/10010332501
Decisions-makers often rely on information supplied by interested parties. In practice, some parties have easier access to information than other parties. In this light, we examine whether more powerful parties have a disproportionate influence on decisions. We show that more powerful parties...
Persistent link: https://www.econbiz.de/10010326186
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10010273734
The paper studies the role of communication in facilitating collusion. The situation of infinitely repeated Cournot … collusive output levels or a 'downward' demand shock. The firms choose between tacit collusion and collusion with communication …. Communication implies that the firms meet and exchange information about past outputs and is assumed to be the only legal proof of …
Persistent link: https://www.econbiz.de/10010320117
We provide a game theoretic analysis of how power shapes the clarity of communication. We analyze information … by an experiment. Finally, we show how partial information transmission can lead to communication failure, and show how …
Persistent link: https://www.econbiz.de/10010325901
I address the following issue in this paper: how does information sharing among banks about borrowers affect banks' competition, and ultimately, the interest rate borrowers pay for the loan they take? One would expect that full information sharing among banks reduces lenders' risk and results in...
Persistent link: https://www.econbiz.de/10010494545
buyer through a written message. Four different treatments are compared; one without communication, one with free …-form communication, and two treatments with pre-specified communication in the form of promises of varying strength. Our results suggest …
Persistent link: https://www.econbiz.de/10010281340
This paper studies the role of communication and reputation in market interactions using data from online procurement … auctions. Not only positive reputation ratings but also engaging in communication increases a bidder's probability of winning …Diese Studie analysiert die Einflüsse von Kommunikation und Reputation auf Märkten mit Hilfe von Daten aus Online …
Persistent link: https://www.econbiz.de/10010285498
Sicht das effizientere zu bestimmen. Als theoretischer Ansatz wird hierfür die Theorie der Haushaltsproduktion eingesetzt …
Persistent link: https://www.econbiz.de/10011375012