information transmission is possible with unmediated communication. …

activities. An efficient communication protocol grants complete information payoffs to all organization members, thereby … overcoming asymmetric information problems at no cost. This paper characterizes efficient protocols assuming that: (i) some …

information item that he is the only player to hold. Players are offered a finite number of periods to centralize the initially … additional reward that he keeps for himself. In this framework where information transmission is strategic and physically … restricted, we provide a necessary and suffcient condition for a group to pool information items in every equilibrium. This …

precision of public information or withholding it. The latter seems to be unrealistic. Thus, the issue is not whether central … bank should disclose or not its information, but how the central bank should disclose it. We consider a static coordination … game in which the private sector receives n semi-public information plus their specific information, and we analyse the …

information about their costs. We show that cheap talk between the firms cannot transmit any information. However, if the firms …

unverifiable private information about their costs. We investigate the conditions under which the firms cannot transmit any … information through cheap talk, and show that when these conditions are violated, it may be possible to construct informative …