Gurdal, Mehmet; Ozdogan, Ayca; Saglam, Ismail - In: Review of Economic Design 18 (2014) 2, pp. 83-103
robust to the random intervention of a truthful regulator. In addition, intervention significantly increases the excessive … intervention. We offer a theoretical explanation for the behavior of senders and receivers, using a logit agent quantal response … of this model. Moreover, we find that the lying cost is significantly higher under intervention, implying that truthful …