Showing 1 - 10 of 3,542
Persistent link: https://www.econbiz.de/10012663379
We analyze a canonical binary-action coordination game under the global games framework. To reduce coordination failure, we propose a novel intervention program that screens agents based on their heterogeneous interim beliefs. Compared with conventional government-guarantee type of programs, it...
Persistent link: https://www.econbiz.de/10012925548
Persistent link: https://www.econbiz.de/10001661305
Persistent link: https://www.econbiz.de/10010257927
Persistent link: https://www.econbiz.de/10011980923
The paper studies a dynamic communication game in the presence of adverse selection and career concerns. A forecaster of privately known competence, who cares about his reputation, chooses the timing of the forecast regarding the outcome of some future event. We find that in all equilibria in a...
Persistent link: https://www.econbiz.de/10012123351
Persistent link: https://www.econbiz.de/10011741366
We study the interaction between an agent of uncertain type, whose project gives rise to both good and bad news, and an evaluator who must decide if and when to fire the agent. The agent can hide bad news from the evaluator at some cost, and will do so if this secures her a significant increase...
Persistent link: https://www.econbiz.de/10014468060
Persistent link: https://www.econbiz.de/10012131503
Persistent link: https://www.econbiz.de/10013168013