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. …

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

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. …

focus on communication strategy that government uses to communicate private information to the citizens. This communication … execute a communication strategy does affect the efficiency of the equilibrium convergence process and also demonstrate that … subjects playing the role of the government exhibit a great deal of sophistication in the communication strategies they employ …

In a Bertrand-oligopoly experiment, firms choose whether or not to engage in cartel-like communication and, if so, they …

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

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 …