games with costless communication. CMR is a non-equilibrium theory combining rationalizability with the idea that players …

firms. Communication is often abused for explicit agreements and this strongly reduces competition. …

-firm Cournot framework to test these predictions, and we also explore the impact communication has on buyer groups. The … experimental results show that buyer groups lead to lower outputs when groups can exclude single firms. Communication is identified … as a main factor causing collusive product markets. -- buyer groups ; cartels ; collusion ; communication ; experiments …

We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is … disabled. Communication supports fims in coordinating on collusive pricing schemes, and it is also used for conflict mediation …

This paper studies the role of public information in multiple-agent coordination problems underlying a variety of … economic scenarios such as banking and debt crises. The impact of information on coordination in such settings rests on the … coordination: market prices and cheap talk (i.e. non-binding promises). I find that although informationally efficient market …

We explore the difference between explicit and tacit collusion by investigating the impact communication has in … largest additional profit from talking. We also find that industries continue to collude successfully after communication is … disabled. Communication supports firms in coordinating on collusive pricing schemes, and it is also used for conflict mediation …

Communication has been shown to play a positive role in promoting trust, yet there is no evidence on how sensitive this …. Moreover, communication increases the trustor's beliefs on the amount that the trustee will choose to transfer, only when this …

free-form pre-play communication. I focus on players who verbally first suggest cooperation in each game. I study …

We study the interaction of the effects of the strategic environment and communication on the observed levels of … substitutes disappears. A machine-assisted natural language processing approach shows how the content of communication is …