Sadakane, Hitoshi - In: Theoretical economics : TE ; an open access journal in … 18 (2023) 1, pp. 267-301
We analyze a cheap-talk model in which an informed sender and an uninformed receiver engage in a finite-period communication before the receiver chooses a project. During the communication phase, the sender sends a message in each period, and the receiver then voluntarily pays money for the...
