, absent prior discussions, the project is never undertaken. However, with a prior stage of communication, all ex-ante and …

The paper analyzes the role of the structure of communication - i.e. who is talking with whom - on the choice of … analysis of credibility, the subjects should communicate and play the Pareto optimal equilibrium only when communication is … disregard communication. The experimental data conform to our predictions: the agents reach the Pareto-dominant equilibrium only …

. Our findings reveal that project correlation leads to these biases countervailing each other, facilitating the …, our study suggests limited benefits in the context of project correlation. …

. Private information is (conditionally) correlated across players, and communication is cheap talk. We show that with two … experts correlation unambiguously tightens the conditions on preferences for a truth-telling equilibrium. However, with … multiple experts the effect of correlation on the incentives to report information truthfully is non-monotonic. In particular …

informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the … one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation …

informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the … one sender case, we show that correlation unambiguously tightens the existence conditions for a truth-telling equilibrium …. We then generalize the model to an arbitrary number of senders, and we find that, in this case, the effect of correlation …

to the order flow, can even be nonmonotonic, depending on the correlation structure. We also show that the introduction … correlation …

We here develop a model of pre-play communication that generalizes the cheap-talk approach by allowing players to have … is applied to finite and symmetric two-player games and we establish that honest communication and play of the Pareto …-enforcing. -- efficiency ; communication ; coordination ; honesty ; evolutionary stability …