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Can more information facilitate communication?
Ishida, Junichiro; Shimizu, Takashi - 2012
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
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Communicating Subjective Evaluations
Lang, Matthias - 2013
Should principals explain and justify their evaluations? In this paper the principal's evaluation is private information, but she can provide some justifications by sending a costly message. Indeed, it is optimal for the principal to explain her evaluation to the agent if and only if the...
Persistent link: https://www.econbiz.de/10010323871
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Agency and communication in IMF conditional lending: theory and empirical evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
the countries' authorities, openness, and transparency, consistently with the theory. …
Persistent link: https://www.econbiz.de/10010264578
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Agency and communication in IMF conditional lending: theory and empirical evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
the countries' authorities, openness, and transparency, consistently with the theory. …
Persistent link: https://www.econbiz.de/10010269064
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Agency and communication in IMF conditional lending: Theory and empirical evidence
Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009
the countries' authorities, openness, and transparency, consistently with the theory. …
Persistent link: https://www.econbiz.de/10010281823
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Do More Powerful Interest Groups have a Disproportionate Influence on Policy?
Sharif, Zara; Swank, Otto H. - 2012
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
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Long persuasion games
Forges, Françoise; Koessler, Frédéric - 2006
This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …
Persistent link: https://www.econbiz.de/10010273734
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Private Observation, Tacit Collusion and Collusion with Communication
Mouraviev, Igor - 2006
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
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Information Theory and the Role of Intermediaries in Corporate Governance
Schmidt, Reinhard H.; Tyrell, Marcel - 2004
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
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Distribution and use of knowledge under the laws of the web
Falkinger, Josef - 2007
Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a mass of producers and users of knowledge interact through a distribution medium. This paper considers the consequences of this fact for economic equilibrium analysis. In...
Persistent link: https://www.econbiz.de/10010264254