Showing 1 - 10 of 1,939
Persistent link: https://www.econbiz.de/10014472102
Persistent link: https://www.econbiz.de/10012430290
This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....
Persistent link: https://www.econbiz.de/10011822038
Persistent link: https://www.econbiz.de/10012430447
Persistent link: https://www.econbiz.de/10012650192
Persistent link: https://www.econbiz.de/10012227969
Persistent link: https://www.econbiz.de/10011847298
Persistent link: https://www.econbiz.de/10011446947
In many cases, buyers are not informed about their valuations and rely on experts, who are informed but biased for …. The ability to communicate as the auction proceeds allows for more informative communication and gives advisors the …
Persistent link: https://www.econbiz.de/10012936674
Persistent link: https://www.econbiz.de/10011592837